1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Forex Trading Signal 9-25-2009

Discussion in 'Current Forex Trading Signals' started by Sir Pipsalot, Sep 25, 2009.

  1. Sir Pipsalot

    Sir Pipsalot Former FPA Special Consultant

    Joined:
    Dec 11, 2007
    Messages:
    511
    Likes Received:
    0
    Hey folks,

    Well, everything from yesterday's signal is proving to work out pretty well on the trends. Please reference yesterday's http://www.forexpeacearmy.com/forex...0-forex-trading-signal-9-24-2009-go-time.html post for more detail on all of this. We did indeed get the big stock confirmation around 0945 this morning and as I posted in yesterday's signal post, I also got aggresively short on stocks. The highs we've seen this week on the S&P should last quite some time and some form of major downside is at hand. Personally, my analysis leads me to believe the S&P is headed to 400 or so over the next year, so I'm taking advantage of this turn to get aggressively short on stocks with the idea that this week's highs may be the highs of the year and mark the end of the bear market rally we've seen.

    On the EUR/USD, the reversal seems pretty clear as well. We called for a short reversal yesterday which happened much more strongly on GBP/USD than EU, but it still looks good nonetheless. For one more layer of confirmation, we need to see the EUR/USD trade below 1.4610, this week's lows. When we do, it becomes very likely that yesterday's 1.4802 highs will not be exceeded, so we can add to our shorts and tighten our SL's to somewhere a bit above 1.4800. There's still a chance though that the action since mid Sept is just a big triangle/flat and we could have a rally leg left in the Euro. A break of 1.4610 would make that possibility very unlikely.

    We also decided to short silver in the diamonds room today around 16.85, and it's still not horrible for entry here around 16.30. SL's anywhere from 17.10, 17.40, and 17.80 are all decent possibilities based on your time horizon.

    I'm sorry I don't have as much time as usual to spend talking about the new trends, but I'm running a live session with the room now and really need to focus. Good luck out there guys!
     
    #1 Sir Pipsalot, Sep 25, 2009
    Last edited: Sep 25, 2009
  2. M.Nazri

    M.Nazri Private, 1st Class

    Joined:
    Jul 7, 2009
    Messages:
    28
    Likes Received:
    0
    Thank you sir pipsalot for the analysis.....now,i more expectation to trade short on EUR/USD pair....thank's again sir.....god bless you.....have a nice day;)
     
  3. Samuel Odunlami

    Samuel Odunlami Recruit

    Joined:
    Aug 24, 2009
    Messages:
    2
    Likes Received:
    0
    I need to join but my country is not listed

    Good day, Sir Pipsalot. I am really interested in joining the forexdiamonds room but when i wanted to fill the payment form, i discovered that Nigeria is not on the list. Please what can I do to register?
     
  4. SXMTrader

    SXMTrader Private

    Joined:
    Nov 8, 2008
    Messages:
    25
    Likes Received:
    0
    No news to mention?

    No news today?

    8:30, 10:00?
     
  5. horlique

    horlique Recruit

    Joined:
    Jul 3, 2008
    Messages:
    5
    Likes Received:
    0
    i want to join the forexdiamond room but


    i really want to join the forex diamond room but Nigeria my country is not included in the paypal list, hello sir pips can u please include international wire on your site as one the payment options so that i can join the room.
     
  6. M.Nazri

    M.Nazri Private, 1st Class

    Joined:
    Jul 7, 2009
    Messages:
    28
    Likes Received:
    0
    Hello Sir Pipsalot.......i just want too know........can i trade short on EUR/USD pair right now at 1.4700 and hold 1.4600 or under??
     
  7. Sir Pipsalot

    Sir Pipsalot Former FPA Special Consultant

    Joined:
    Dec 11, 2007
    Messages:
    511
    Likes Received:
    0
    Guys, I am not a trading advisor. I can't tell you specifically what to do on your accounts. You guys have to trade this stuff on your own. Expecting to get feedback from a message board in order to take a trade probably means you don't have enough confidence in the trade, or you aren't that sure about it. If that's the case, do more research, reading, or chart analysis to increase your confidence, or just let the trade go.
     
  8. Sir Pipsalot

    Sir Pipsalot Former FPA Special Consultant

    Joined:
    Dec 11, 2007
    Messages:
    511
    Likes Received:
    0
    I don't handle account and payment stuff. Send an email to payments@forexdiamonds.com
     

Share This Page