EUR/USD to 1.55!!!

The full version of this report with daily stock picks and real-time email alerts is available here for $20 per month

The <b>EUR/USD</b> continues in the same symmetrical wedge we have been watching for the past week. Today, we are going to set trades on both sides of the wedge. A break above resistance will enter us in the trade long with a stop near the midpoint of the wedge. A break below the support will trigger a sell stop, protecting the trade at the midpoint of the wedge. The pressure on this pair has created for some volatile moves both up and down. That same pressure will likely allow this trade to move over 600 pips on the next breakout. <i>(see EUR/USD below)</i>
<img border=5 width=560 height=650 src="http://assets.shadowtrader.net/charts/090428EUR.GIF">

The <b>AUD/JPY</b> has gone against the macro fundamentals for the past 2 weeks focusing on shorter term market correlations of gold and risk adjustment in the financial markets. The pair appear to have tested a break further down and has rallied off of the lows, setting us up for a trade going into Tuesday night and Wednesday morning. We are going to enter this trade with a Buy Limit, which means we are going to let it dip slightly and enter our trade with a better risk to reward. If we can get a slight pullback, we will enter the trade at 67.85 with a stop loss below the week's lows at 66.40. Price may slow some near 69.25 but we are looking for a bigger target up to 72.50. We will manage the trade as the day goes on. <i>(below)</i>.

<img border=5 width=560 height=650 src="http://assets.shadowtrader.net/charts/090428AUDJPY.GIF">
 
Quote from OddTrader:

I think nobody today would be able to read tomorrow's newspaper yet.

I believe the upcoming market actions will decide where will be the next R/S. :)

(Anyone has) Any idea on how much I should charge for my signals above? :cool: :D
More...

Thank you for your feedback regarding my news-based trading signals!

With real-time PM alerts available here on ET and exclusive to a very limited number of ET members only, $200 per month should be right for now! :)

Quote from ShadowTrader_08:

The full version of this report with daily stock picks and real-time email alerts is available here for $20 per month
More...
 
Very interesting and useful post below!

http://www.elitetrader.com/vb/showthread.php?s=&threadid=161769

QUOTE
Quote from Pekelo:

Just a few possible reasons:

1. Helps him to keep focused.

2. Helps him not to get bored, companionship.

3. Good for his ego.

4. Extra income. (always good)

5. Extra income because he can't scale up for various reasons. (specially good)

6. He actually likes to teach.

7. It actually helps his system when more people take the same position at the same time.

8. He wants to leave a legacy.

9. He likes to help others, but why should he do it for free? Also, most people don't appreciate/recognize value for free....

10.etc.etc.etc. blah-blah-blah
UNQUOTE
 
The Euro is starting to look like a long. I am waiting till we get closer to the time Poland switches over. Until then long the dollar.

Akuma
 
Looks like currently 1.325 is being established as a short-term R/S level, awaiting further significant news in order to move to its intended direction.
 
we're in at 1.3255 today. (email sent to subscribers earlier today confirming)


April 29, 2009

Pair: EUR/USD
Action: Buy Stop Triggered at 1.3255
Lots: 1
Price: 1.3255
Stop: 1.3135
Target: 1.3980

Trade Explanation: Our Buy Stop triggered at 1.3255. We are tightening our stop to 1.3135 now that the entry price has triggered.

ShadowTraderPro FX Trader

Please note: All emails are price sensitive. All recommendations are good unless they are updated, changed or canceled via email notification.

*****Trading securities, options and foreign exchange involve risk and are not suitable for all investors.******
 
Quote from OddTrader:

04-30-09 12:47 AM

Looks like currently 1.325 is being established as a short-term R/S level, awaiting further significant news in order to move to its intended direction.
More...

Updates:
Week 27Apr Long 1.320/ 1.332 +120Pips
Week 4May Short 1.332/ 1.363 -310Pips
Week 11May Short 1.363/ 1.344 +190Pips
Week 18May Short 1.344/
 
You must log in or register to reply here.
Back
Top