Euro Usd Target Reacg 51 pips

Hello all
Euro Usd market update like evry day in my map the market blog :)
So...today was very easy trade in the morning for 51 easy pips and i can say again very easy pips.....i hope to be the same in future:) Median Line is great.
Now i hope evryone will enjoy the weekend and next week more green pips:)
Last week no losing trade and i hope to be the same next week:)

Regards
Enjoy the weekend

Euro Usd Retracement

Good morning all
Today im looking at euro usd chart and i think we have retracement exactly at warning line.
I entry buy with risk 17 pips and rewards is 51 pips......i think this risk is to high for this reward:) i will try to reduce my risk in future but first is to learn better how to use median line then evrything will be easy.
Now let see how this will go.
Regards
Happy trading and green pips

Euro Usd easy pips

Hello All
Im glad to do update on my blog evry day and evry night to show to you and to myself whats new on euro usd.
Today euro move very nice and give me great entry on 15 mint chart for a 20 pips risk and reward 60 first target and second target 128 pips. This was nice day for trading and euro dont move in range.
See all of you tomorrow with another market update.
Regards

EURO USD 28/02/08 market update

Hello all
Today i drink my coffe to late:)
I'm looking at euro usd chart and still don't see nothing, im waiting for more swings before to make any decision and now i will stay with my eyes on mister trend:)
Regards

Euro Usd target hit

Hello all
I think all of you have a great day today
Euro usd move up 157 pips today but i catch only 41 he he he, better than a loss.
in the morning when i buy eur/usd i set also my target the last high and i leave the computer until now so what i can say .... better than loss.
Now patience again.
Regards

Good Morning

Good morning all
Another day in paradise, 5:28 AM and the same like evry morning drink my coffe and look at my chart:)
Euro usd move so nice yesterday and i show a nice buy entry but i dont was in front of my computer .
Now im looking at euro usd and i take buy entry from 1.4992 with stop loss 1.4974 for a 45 pips reward.
I make this trade based on 15 min time frame
Let see how this works
Charts 1 hour and 15 min timeframe
Regards

Range breack

Hello all
Today in the morning i make euro usd update and we see mister trend moving in range.
Mr. trend try to breack the range in down direction but fail and make big up candle and broke euro usd range and finally hit 1.4919
Very nice for 60 pips gain
Now little patience for new entry
i will be back in morning

Regards

Euro market update

Good morning all
5:23 AM here drinking my coffe like in evry morning
Today i wake up earlier because i fell fresh:)
I open my chart and euro moving the same like yesterday in range and ready to broke resistance line going up, i hope to see 1.4920 but before that im waiting some confirmation for entry.
Let see who win the battle:) Bull or Bear
Regards

Back to chart

Hello all
I just open my platform and eur/usd move in range and need patience until euro make some decent move until make a decision for buy or sell.
Right now i stay away and watch, better to have patience.
Regards

Euro Usd update

Good morning all
6:19 AM here and drinking my coffe and ready to make euro usd update.
Today euro go over MLH line and maybe go down to WL1 (warning line 1) making a double bottom then go up?
We will see today if euro will move 120 pips up, but right now i stay away...just watching the trend for more confirmation to go long.
I hope all of you enjoy the weekend and ready for new trading week .
Regards
Green pips be with you.

Multiple Low Risk Forex Entries With Support and Resistance

Sam Seiden brings over 15 years experience of equities and futures trading which began when he was on the floor of the Chicago Mercantile Exchange. He has traded equities, futures, interest rate markets, forex, options, and commodities for his personal interests for years and has educated hundreds of traders and investors through seminars and daily advisory services both domestically and internationally.

You can acess his webinar transcript on next link

1. Supply and Demand Trading with Mechanical Indicators and Oscillators in the Forex Markets

2. Multiple Low Risk Forex Entries With Support and Resistance

3. Using CCI and Stochastics For Long and Short Term Forex Trading

Enjoy this 3 video by Sam Seiden
When you look at his video clik to see the video on full screen.

Regards

Market update

Hello all.
i know is to late but i try to do my homework
Today euro/ usd move up/down and make some nice swing but in the end i close with only +12 pips profit because now market sems to loss the power....evrybody have fun in wekend and mister trend will move so slowly.
How you see in the picture first i had nice 56 pips proffit but mister trend go down and test again my MLH and loss the power.
Maybe next week will go up but i dont like to keep my position open over wekend.
So we will see what happen next week
Regards and keep watching this blog for new weekend material.

Euro market update

Good morning all 6:51 AM here drinking my coffe now:)
I make a market update on euro usd and we have nice move on 1H timeframe and nice entry for buy at energy point warning line 1 RED and Warning line 1 white for small stop and big reward.
Now let see if euro will go to hit 1.4917 ?
I have an entry with small stop 25 pips and reward is 117 pips
Let see how will go today.
Regards
Happy trading and green pips

Good Morning

Good morning to all 5:58 AM here drinking my coffe and make market update on euro usd chart On first chart we have eur/usd 1 hour timeframe and next is eur/usd daily timeframe.....now who win the battle, one hour timeframe or daily?
On one hour timeframe we have energy point and on daily timeframe we have on 19 february zoom on median line, 20 february test of median line and now sems to go down.
I will not trade in one hour timeframe because i like to see some swing.
How i say 2 days ago i expect a retracement today on daily timeframe and maybe now start to go down .
I will keep my eye open on eur/usd 1H imeframe and maybe euro usd will go down to 1.4695 then go up again and make some swings to go up to complet also triangle pattern and pitchfork daily pattern.
We will see what happen today
Happy trading and green pips be with you

Euro Usd Market Update

Eur/Usd sems to move up to complet triangle pattern and to hit 1.4900 and also to complet pitchfork pattern and only 144 pips left for next 2 days to hit the target.
I fell in next 2 days possible to be a retracement on euro usd on 20 or 21 february.
So we will see whats goin on tomorow 20 february.
Regards
Happy trading.

Median Line Video

Hi all
I just want to show the first median line video, how to use it in metatrader r platform, how to add pitchfork tool and how really works.
Please rate this video if is useful
Enjoy

Recomanded Watching

I think all of you had a great weekend:) for me was very bussy watching at some great material from a real forex trader and i really enjoy his first chapter course what is free for all if you just add your email adress and your name.
I really recomand of all of you, beginers and experienced traders.
On first chapter from HectorTrader i think i watch at 5-6 video where Hector explain how to identify the trend direction UP(Bull) or Down (Bear) and evry video have like 20-40 min each
His all course have like 60 video how to trade his great system in forex market and any curency.
I really recomand his first chapter and is free, just add your email adress and your name to recive his chapter at Hector Trader

Hector trader update his blog almost evry day with possible setup, entry and exit position before and after target is reach.

Regards and see you tomorrow with update on euro usd

Euro update

Euro Usd 4H timeframe
How you see euro start to make nice swings and broke blue median line paralel MLH
The theory say when price fail to touch median line will go in oposite direction
Now let see if will broke white median line and will go to 1.4900

EUROUSD

Euro usd is in a nice uptrendand creating a nice triangle on daily timeframe Now i add schiff median line and let see if price will go at 1.4900 level

Forex Trading - The 10 Biggest Errors New Traders Make

Fact - 95% of forex traders lose and they will make one or more of the mistakes below, so avoid these common errors or join them, here they are:

1. Trying to Predict Forex Prices

Most novice traders think that the way to win is to predict where prices are going but that's simply hoping or guessing and you won't get far with that currency trading - you need to trade confirmation of trend changes only.

2. Believing Markets are Scientific

Forex traders who try to predict also fall victim to the myth that markets are scientific. They follow forex trading systems based around - Elliot Wave, Gann, or Fibonacci and lose. Of course these systems all fail because if there was a scientific theory of market movement, we would all know the price in advance and there would be no market!

Trading FX is a game of odds not certainties.

3. Day Trading

The most common myth of all. More novice traders try to use forex day trading systems than any other method - it doesn't work. As we have said forex is a game of odds not certainties and there is no way you can possibly work out where prices are going within a day.

If you day trade the odds are against you and you will lose your money - period.

4. Trading to Often

Most traders think they should always be in the market in case they miss a move but this is rubbish. You should only trade when your currency trading system tells you there is high odds trade, then and only then should you execute your trading signal.

5. Trying to Buy Low Sell High

This again goes with the trader who wants to predict prices with their forex trading strategy - but it wont work and the best moves with the best odds are breakouts. Most major trends start from new market highs and you need to learn to buy them if you want to make money.

6. Blindly Following a Vendor

There are plenty of vendors selling forex trading signals and forex trading system software where if you follow it they tell you that you can make money - the vast majority are junk and come with simulated track records. Try and find one with a real track record and get ready for a long search.

We can all make money in hindsight but that's not the real world.

7. Trying to Trade the News

If people could trade by following the news there would be a lot more winners than losers! Sure the stories are convincing but that's all they are stories. I love Harry Potter books but I don't think I can fly! News reflects the greed and fear of the herd and if you trade it get ready to dump your money quickly.

8. Making Their Forex Trading System to Complicated.

Many traders assume the more inputs they cram in the better a trading system will work however the total opposite is true - cram too many indicators in and the system will break. Simple systems work best as they are more robust.

9. Failure to Run Profits

There is a lot about said about traders not keeping their losses small, but a far bigger reason for losses is their failure to run profits. Traders get excited when they get a profit and the bigger it gets the more tempted they are to take it. Of course a few dips in their open equity, sees them snatch it - then what happens?

It turns into a mega trend and goes the way they thought and their not in - this happens all the time. You need to have confidence and conviction to accept huge gains.

10. Over leveraging and Stops to Close

Sure you can get 400:1 leverage and trades use it and place stops within normally volatility. I often hear people talk about using a 30 pip stop! Well you may as well flip a coin; market volatility will kill your equity.

You need to de leverage and give a s top that's logical

Finally - Answer this question Before You Trade:

If you understand you mustn't make the above mistakes there is one more question to consider before you trade ask yourself this:

What's your trading edge?

In other words why should you win when the vast majority of traders fail? The edge you have must be logical and you must have confidence in it, to beat the majority of losers. If you don't know what it is you don't have one and its back to your forex education.

Forex can give you a life changing income if you work smart, avoid the mistakes above, get a simple currency trading system and apply it with discipline and you will soon be enjoying currency trading success.

Copyright www.learncurrencytradingonline.com