Recent content by tradeprofits

In yesterday’s post Trading Forex - EUR/USD after NFP I mentioned a good possible short trade on EUR/USD around the 1.3460 level if we got a 4-hour reversal candlestick formation. We got a perfect formation, close to a pin-bar and I took a short trade at the close of the 4-hour candle with an...

The latest trade I mentioned was back on Thursday December 1st, where I wrote a blog post saying there was a good possible trade on EUR/USD if you took a long around 1.3450 with a 50 pip stop loss. If you took this trade, you should have been able to grab close to 100 pips in total. I decided...

In yesterday’s post Trading Forex - Perfect 1.3440 Re-Test, I mentioned the possibility for a short trade, and early in yesterday´s London session, I took a short trade with a 50 pip stop loss. The trade came up to around 60 pips of profit, so hopefully those of you who were in on the trade had...

For those of you who read today’s outlook Trading Forex - A Bit of Possible Upside had an idea I was looking for a possible short around the 1.3440 level. Unfortunately I wasn’t able to place a trade today once the level was reached but if you did, this would have been close to a perfect trade...

In yesterdays post, I mentioned a possible setup for a short trade. We took a short trade at 1.3374 and if you got in on this trader, there was a possibility to grab around 90 pips in total. As we did have an initial 50 pip stop loss, I was hoping for a bit more and chose to move my stop loss to...

We have seen significant downside on this pair during the latest month. EUR/USD is trading close to 1000 pips lower than where is just about one month ago. The pair currently trades around the 1.3230 level, and it looks like we easily could see further downside. Both the latest daily candle and...

As mentioned in yesterday’s post, I think we are likely to get a pullback on EUR/USD before we see continuation to the downside. One reason why this might be the place, is partially due to the USD index coming close to the 200 EMA which tends to hold as a strong level of support and resistance...

Trading Forex in a profitable manner requires patience and the ability to follow ones plan. <a href="http://www.tradeprofits.net/trading-forex-%E2%80%93-eurusd-more-downside">Recent ideas shared</a> on TradeProfits should be a good indication of exactly that. Now as we are in the week which will...

We currently have a very volatile market. Last Friday we had NFP which came out with no change, not reflecting the expectations for the release. In addition to this we had news from SNB yesterday announcing a minimum rate of 1.20 on EUR/CHF which gave us an immediate surge in the pair, moving it...

In yesterday’s post I mentioned the 1.4430 level could be a possible level to look for a long trade, if we got confirmation in terms of candlestick formations or reasons in terms of confluence. The pair traded through that level pretty much without any hesitation and there was no apparent reason...

After a recent break of the 1.4500 level on EUR/USD and a key trendline, a pullback seems like a good possibility which should give us a good chance to get in on a long trade. The pair currently trades around the 1.4520 level and a pullback down around the 1.4430 level could be a possible place...

Bias First of all, read the analysis on <a href="http://www.tradeprofits.net/trading-forex-%E2%80%93-cable-below-key-level">Cable</a> as several aspects mentioned in that post holds true for EUR/USD. First of all, there is pretty much only bad news out of the Euro zone lately, which obviously...

Bias on Cable Mainly based on latest headlines out of UK, CPI disappointed giving us further downside on Cable, and is somewhat indicative of an unchanged interest rate for next month. Along with this, we are currently seeing a strong risk aversion in the market, mostly due to the current...

Today there should be a good chance to catch a pre-NFP trade. Read the details below. We did have a setup yesterday which did not work out, unfortunately. That was the only trade I took the entire day, as we were waiting for news from ECB. They did hike rates as expected and further hikes are...

Yesterday’s trade plan didn’t play out as expected. Luckily we didn’t take any additional trades before yesterday evening just around EOD. We had one open trade from the day before where we had placed our stop loss at breakeven so that was closed out. The drop yesterday on EUR/USD seems mostly...