Archive for April, 2007
Euro Hit the Trannel Top
By Marek W. Stupka | April 24, 2007
In the Trader’s Corner post for February I presented a simple technical analysis of the EURUSD weekly chart, and predicted a bullish reversal. Check it out now!
The pair has made it! From the Trannel bottom all the way to the Trannel top! Had you been dilligent enough, and made the necessary confirmations to this very simplified technical prediction in line with what I teach you in the 1-on-1 Training course, you would have had the signal confirmed right at the point of price closing above the green trend line.
I’ve had. And I made money on this move. Notice that what we’re talking about here is no small-time “scalping” trophey! The distance from the green line crossing candle close to the Trannel top is more than 500 pips!
Of course, in line with the GEPARD Trading Approach, and my recommendations from the Fabruary post, I did not trade the pair’s whole way up - this would work in this case, but most likely not in another - rather I picked the most conservative, but still major, portion of it. The exact entry and exit points were determined by my Trading Plan.
And so again you can witness the true power and effectiveness of the sophisticated Technical Analysis, small glimpse of which is being presented to you here. If you too would like to participate in this exciting adventure of making your own money on the back-tested currency trading strategies, you are invited to become my 1-on-1 Student.
Want to know more about the 1-on-1 Training Course? Follow this link..
Topics: FOREX Trading Analysis | No Comments »
Another Forecast Successful
By Marek W. Stupka | April 22, 2007
In the previous Trader’s Corner post I presented a simple technical analysis of the USDJPY weekly chart, and predicted a bullish reversal, too. How about now?
Another shot in black! Oh, sweet pips, how I love thee! We are about to get real loaded !!!
Anyways, as explained in March’s blog posts, USDJPY is a referential pair for the whole carry trade basket. Judging by the price action above, and also by the price action of other pairs from the basket, the carry trade appetite of the hedge funds is getting real high now.
Stay alert! The story doesn’t end here. There’s much more to come as far as the Yen-denominated currencies are concerned!
Topics: FOREX Trading Analysis | No Comments »