Thursday, September 29, 2011

Sept 29 , 2011

Dear Traders,
There is a lot of Fundamental analysis for today. Thus we need to be very careful with all the sentiment made by announcer. Lets us see what we have for today.


 Every hour has news. The interesting is German Unemployment change. It will measure the number of unemployed people during the previous month. Forecast said it will be worst. The usual effect is when Actual < Forecast = Good for currency.

EUR/USD forecast.


Using this M15 chart, we can see that all indicator said the movement is on top. For the SSD said it is already overbought. We need to confirm the direction once the SSD crossover the overbought level (redline). Thus once the candle breach the blueline and will appear red ball on top, we will follow the downside movement.

GBP/USD forecast




The pound also has the same movement with EUR/USD as above. So the explanation also just follow as above.

If you can see above, Short position is still in there from last night. That is why if we didn't put the Stop Loss the market will carry you on.

Trade Well :)

2 comments:

  1. Hi,

    I hope this message finds you well,

    My name is Neil; I'm the affiliate manager @ BinaryOffers.com
    I saw that you are promoting few interesting offers,
    So I'd like to take this opportunity and invite you to join us.

    We offer an Extremely high commissions and the best service online.

    I'll be more than happy to start working with you and introduce to you few of our offers.
    You can send me an email or add me to your Skype (aff.binaryoffers) so we can discuss.

    All the best my friend,
    Neil
    neil@binaryoffers.org

    ReplyDelete
  2. My clan friends on CoC told me that on http://clanshelper.com - Best free source for Clash of Clans gems! Best clans use this!! (7F00WQU5wP)

    ReplyDelete