Oct

Sunday’s Setup

EUR/USD 4HR 10/29/10

to the forex coach… it looks like the Euro has peaked even though all the news is saying the the US government is doing more to devalue the dollar than any other country is doing to there currency.

No matter what….. Don’t blindly follow the news. Get in front of the trade in the direction it is moving even if it against the news or against reason.

So, I will be looking to trade this currency pair short after the Sunday open if it gaps up to the upper trend line.

Have a good weekend.

Posted by RUSS Daily Forex Blogs Subscribe to RSS feed

Trade Setup

Check daily chart, Stock Market and 15 minute chart for the trend, the 15 & 5 minute to trade and the 1 minute or tic for best entry. Trade only with the trend. Check birds, trendlines-support-resistance lines. Do not trade within 15 minutes of news or before 11PM. Enter in front of move w/buy or sell stop. Set stops past resistance or at bird. Take profits at s/r, latitudes and reversals.Stop trading with 5% profit or 10% loss. CONFIDENCE in Bird Support Resistance Trend Heiken Ahsi MACD Trade Cover Trail Tic Entry..

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Sunday’s Setup

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