2011 January | Day Trading Forex Live

Non-Farm Payroll Reversal On The GBP/USD 7/1/2011

January 10, 2011 by Sterling Suhr · Leave a Comment

Friday was Non-Farm Payroll day. This release was a bit mixed overall. The number came out -47K worse than expected, however the unemployment rate came out .3% better than expected. Usually +/-50K usually creates a sustained move, but this month there was conflict between the headline number and the unemployment rate.

Filed Under: Recent Forex Trade Setups ·

Intra-day Trend Continutation Short On The EUR/USD 6/1/2011

January 10, 2011 by Sterling Suhr · Leave a Comment

By Thursday the forex market had already established an aggressive trend to the downside in the EUR/USD. Going into the Thursday morning’s NY session because of the already established trend it was a fairly straight forward trade but it required some patience.

Filed Under: Recent Forex Trade Setups ·

GBP/USD Short After A Triple Top Reversal Candle Formation 4/1/2011

January 9, 2011 by Sterling Suhr · 1 Comment

After making a large run to the upside during the London session on Tuesday the market hit a level and simply ran out of steam. It’s been said you never want to be the first one in on a trend nor the last one out. Keeping that principal in mind we were very patient on this one.

Filed Under: Recent Forex Trade Setups ·

EUR/USD Intra-day Reversal Candle Formation Off Resistance 03/01/2011

January 9, 2011 by Sterling Suhr · Leave a Comment

On Monday we had a nice reversal candle formation in the direction of the already established trend. Sunday the forex market opened up slightly lower and came up to test previous support that turned into resistance. After setting this high the EUR/USD worked down through the London session on Monday.

Filed Under: Recent Forex Trade Setups ·

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