Forex Day Trading Room

EUR/USD We has seen four failed attempts to approach or pierce 1.3400 the figure. IF the price action does drop below 1.3400 be careful as this is a favorite trick to engage new sell orders and then quickly retrace, pivot and head back to higher 1.3400 numbers. This is only a caution as it may very well be that the market is going further down BUT wait for a good signal before committing. FXDMG

Forex trading - live day trading course and currency trade room.

Forex Day Trading Room

EUR/USD [caption id="attachment_733" align="alignnone" width="300" caption="FXDMG"][/caption] Here is the same 5 min EUR/USD chart (On the left) and the GBP/USD 1 min chart (Upper right) and the USD/CHF 1 min chart (Bottom right). I use the two right hand charts to confirm that the currencies are tracking properly. This tells me that the EUR/USD is being traded, not manipulated. FXDMG

Forex trading - live day trading course and currency trade room.

Forex Day Trading Room

[caption id="attachment_729" align="alignnone" width="300" caption="FXDMG"][/caption] We have been bottom feeding since the London open and we seem to be range bound for now. REMEMBER the FOMC is out at 18:00 GMT and the market might be soft until then. We may take a few 5/10 pip trades that we will not post as they happen too fast for me to post. If I see anything that may have legs I will post it as well give you what we see in the trading room. FXDMG

Forex trading - live day trading course and currency trade room.