Wednesday, March 5, 2008

EUR/USD SIGNAL FOR 6TH MARCH, 2008

I have to start by defining what happened during the day, that's TODAY. Our SIGNAL WENT WELL let me show you a picture of what happened during the SIGNAL DURATION (6:00-10:00 GMT).

Visit this LINK http://piptrain.blogspot.com/2008/03/eurusd-signal-for-wednesday-5th-march.html to see how the signal was forecasted on the BLOG yesterday.

And let me take you all through the PIP MAKING PROCESS TODAY. At 6:00 GMT the market OPENED @ 1.5193 and if you did visit the link you will see that it was a SELL that was forecasted for the pair between 6:00 ENTRY TIME, and 10:00 GMT EXIT TIME.

We further saw a DIVE in the market for the pair on the 8:00 GMT hourly candle STICK. The market touched a LOW of 1.5145 during the 8:00 GMT CANDLE STICK. REMEMBER THAT I HAD WARNED THAT TRADERS MOVE STOP LOSS DURING THE PERIOD TO SAFE GUARD PROFITS AND IF THAT WAS ACCURATELY DONE JUST AS I DID HERE ON MY SIDE, IT EVIDENTLY MEANS THAT YOU MUST HAVE SECURED SOME 35 PIPS  ON THE MINIMUM, FOR THIS PAIR TODAY.

WELL LATTER ON, THE MARKET RETRACED AND WE SAW AN UPWARD MOVEMENT THAT EVENTUALLY RESULTED IN THE MARKET CLOSING AT 1.5187 ON THE 10:00 GMT CANDLE, WHICH BASICALLY IS OUR EXIT TIME.

For those that don't adhere to simple instructions you made only 4 PIPS. That's a sorry TALE FOLKS. NO NEED SOBBING BECAUSE THERE'S ALWAYS ANOTHER GOOD DAY TO MAKE IT UP IN THE FX MARKET.

 

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That brings us to the BUSINESS OF THE DAY. Better still the business of today that affects tomorrow.

Well to the business of tomorrow.

ENTRY TIME: 6:00-10:00 GMT

BUY EUR/USD MARKET PRICE @ 6:00 GMT

RESISTANCE LEVEL 1 @ 1.5300          SUPPORT LEVEL 1 @ 1.5263

                                                       SUPPORT LEVEL 2 @ 1.5241

                                                       SUPPORT LEVEL 3 @ 1.5223

                                                       SUPPORT LEVEL 3 @ 1.5203

                                                       SUPPORT LEVEL 4 @ 1.5145

 

Make sure positions are HELD and STOP LOSS are CORRECTED to SECURE PROFITS. I DONT HAVE TO RESOUND THIS SOME OF YOU SAW WHAT HAPPENED TODAY.

STOP LOSS: 30 PIPS

TAKE PROFIT: 90 PIPS

Lets stay professional and make some GREENS.

GOODLUCK                          Thumbs-upFlag

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