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

Some of Recommended Trades By Acetrader

Discussion in 'Forex Trading Systems and Strategies' started by acetraderfx, Aug 24, 2010.

  1. acetraderfx

    acetraderfx AceTrader.com Representative

    Joined:
    May 10, 2010
    Messages:
    1,109
    Likes Received:
    6
    Update Time: 24 Aug 2010 07:17GMT

    INTRA-DAY EUR/USD OUTLOOK - +1.2615+

    Although euro has recovered after extending
    recent decline to 1.2620 n sideways trading wud be
    seen, as long as 1.2664 (previous sup, now res)
    holds, one more fall to 1.2605 is still likely b4
    correction due to nr term loss of momentum.

    Remain as cautious seller for this move n only
    abv 1.2684 confirms a temporary low is in place.

    Rate: +1.2615+ Strategy: +Target met+

    Position: +Short at 1.2655+ Objective: 1.2615

    Stop-Loss:

    Resistance: 1.2664/1.2684/1.2730

    Support: 1.2605/1.2583/1.2529

    ************************************************** *********************
    Update Time: 24 Aug 2010 05:36GMT
    INTRA-DAY GBP/USD OUTLOOK - +1.5420+

    Cable has fallen again after a brief recovery fm
    1.5435 to 1.5461, retaining intra-day bearishness
    for weakness to 1.5415/20, o/sold condition is like
    ly to prevent steep fall ahead of European opening
    n reckon 1.5400/10 wud hold on 1st testing.

    Trade fm short side n only abv 1.5464 signals a
    temporary low is made, risks 1.5480/90 b4 down.


    Rate: +1.5420+ Strategy: +Target met+

    Position: Short at 1.5455 Objective: 1.5420

    Stop-Loss:

    Resistance: 1.5464/1.5500/1.5527 Support: 1.5415/1.5400/1.5368

    ************************************************** *********************

    Update Time:23 Aug 2010 14:21GMT

    EUROPEAN CLOSING EUR/USD OUTLOOK - +1.2690+

    Despite nr term choppy sideways trading, as euro
    has retreated after faltering below 1.2730/34 res
    area, consolidation with downside bias remains, how
    ever, breach of 1.2682 needed to confirm recovery
    fm 1.2664 is over n extend fall to 1.2640.

    Trade fm short side with stop now at break-even
    n only abv 1.2734 risks stronger bounce to 1.2772.

    Rate:+1.2690+ Strategy:+Target met+

    Position:Short at 1.2720 Objective:1.2690

    Stop-Loss:

    Resistance:1.2734/1.2772/1.2833 Support:1.2664/1.2640/1.2605

    ************************************************** *********************

    Update Time:23 Aug 2010 14:24GMT

    EUROPEAN CLOSING GBP/USD OUTLOOK - +1.5540+

    Despite cable's brief bounce fm 1.5521 to around
    1.5579, early strg retreat fm 1.5620 suggests reco-
    very fm last Friday's low of 1.5464 has formed a
    temp. top there n choppy trading with downside bias
    wud be seen but reckon 1.5498 wud contain weakness.

    Trade fm short side with stop as indicated, break
    wud risk stronger bounce but 1.5620 wud cap upside.

    Rate:+1.5540+ Strategy:+Target met+

    Position:Short at 1.5570 Objective:+1.5540+

    Stop-Loss:

    Resistance:1.5579/1.5620/1.5672 Support:1.5498/1.5464/1.5400
     

Share This Page