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Practical trader

Practical trader
Blog about live Forex trading experience and challenges. New ideas, useful notes and tips from practical trader. A section of free real time Forex trading signals to trade currencies on the daily basis.
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Forex market comments September 18, 2007
2007-09-18 10:04:00
EUR-USD All in all the market should remain in downtrend. There is a possibility of a small correction up towards 1.3878 after a test of 1.3847 level. GBP-USD Resistance at 1.9947 - 1.9985 area. The lowest dip can reach 1.9832 level, after that a pull back up towards 2.0020 should take place. USD-CHF Active resistance levels at 1.187 / 1.1873 ...
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Forex market comments September 17, 2007
2007-09-17 11:21:00
EUR-USD Once main support at 1.3839 proven to hold, the market will rise to 1.3900 / 1.3923 levels. GBP-USD Support at 1.9974, should hold. the market then should revert and move up towards 2.0064 - 2.0127 zone. USD-CHF the uptrend will continue towards 1.1929 / 1.1969 levels, finding supports in case of a correction at 1.1884 - 1.1864 area. USD-JPY The market ...
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Forex market comments September 14, 2007
2007-09-14 09:49:00
EUR-USD Support at 1.3856 - 1.3828 area, after that a move up towards 1.3956 is expected. Violation and break of 1.3828 will cancel this bullish expectation. GBP-USD Support at 2.0244 / 2.0209 should hold, then a move up towards 2.0278 - 2.0300 zone is expected. USD-CHF Market should fall below 1.1812 level, before that it can make an attempt ...
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Forex daily market review September 13, 2007
2007-09-13 09:51:00
EUR-USD We still have an uptrend, which is expected to continue its progress towards 1.3945 - 1.3970 area. On its way up a support at 1.3880 should hold. After a rally to mentioned area a correction towards 1.3880 - 1.3864 level can take place. GBP-USD We look for support at 2.0263 - 2.0236 area for us to consider ...
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Forex daily comments for September 12, 2007
2007-09-12 10:58:00
EUR-USD Resistance is anticipated at 1.3859 - 1.3865 levels. Then a pull back down and below 1.3795 can take place. A break above 1.3892 will cancel this bearish expectation. GBP-USD Support levels are at 2.0301 - 2.0284 levels. The bullish tendency should continue, target - 2.0369. USD-CHF Support levels are at 1.1876 and 1.1864. Buyers are in charge with ...
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Forex daily comments September 11, 2007
2007-09-11 09:51:00
Tuesday September 11, 2007 EUR-USD Uptrend is expected to end near 1.3795 or 1.3823 price level. Rising above 1.3845 will be bullish. GBP-USD The price may find support around 2.025 - 2.0222 levels, if so, the rally above 2.0358 will be expected. A break through 2.0222 will cancel this expectation. USD-CHF The price should go higher than 1.1883. Entry points ...
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Free Forex video review
2007-09-10 12:30:00
Let’s continue on the topic of free Forex video, where traders can learn some new aspects about Forex trading. Piptopia Video These are mostly discussions, nevertheless worth viewing. FX Bootcamp video on YouTube Great educational video that actually discusses the resent charts in real time as they were traded, providing valuable clues to traders who seeks for ...
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Forex daily market comments September 10, 2007
2007-09-10 09:49:00
Monday September 10, 2007 EUR-USD 1.3768. Uptrend. It should continue to rise towards 1.3826 or even 1.3878 presuming that support at 1.3743 will hold. GBP-USD 2.0285. For now it is more likely to turn into consolidation activity between 2.0189 and 2.0369 for a while. USD-CHF 1.1886. The price should not go lower than 1.1814. After falling down it should go up ...
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Forex daily market comments September 7, 2007
2007-09-07 09:27:00
Friday September 7, 2007 EUR-USD 1.3691. A correction down to 1.3647 followed buy a move up to 1.3701 or 1.3722. A break above 1.3754 would accelerate this bullish move. GBP-USD 2.0239. Currently uptrend should end around 2.0271 - 2.029 area. A correction down to below 2.0165 is expected. A rise above 2.0341 will abort the expected correction. USD-CHF 1.2013. It may ...
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Forex daily market comments September 6, 2007
2007-09-06 10:09:00
Thursday September 6, 2007 EUR-USD It should trade higher to 1.3688 while 1.3629 or 1.3608 offers support. Stop loss below 1.3586 zone. GBP-USD It looks set for gains to above 2.0267. Supports at 2.012 and 2.0155. A break of 2.0084 will damage this bullish structure. USD-CHF Current fall seems to be over near 1.2032 or 1.1996 for a rebound towards 1.2067 ...
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Forex daily market comments September 5, 2007
2007-09-05 09:22:00
Wednesday September 5, 2007 EUR-USD Market should hold major support at 1.3548 before rising towards 1.3636 or even 1.3669 limit. GBP-USD It is likely to fall towards 2.0072 as its corrective rally could falter in 2.0163 - 2.0134 area. Stop above 2.0192 zone. USD-CHF A correction down to 1.2084 followed buy a move up to 1.2138 or 1.2159. A break ...
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Forex daily market comments September 4, 2007
2007-09-04 10:45:00
Tuesday September 4, 2007 GBP-USD Current rise is now over. Objectives of this down-move are at 2.0143 or 2.0104. A rise above 2.0254 is again bullish. USD-CHF Supports at 1.2073 and 1.2063 should hold the downward correction . After which a big up-move could occur. Stop loss below 1.2063 limit. USD-JPY Current up-move should be over between 116.04 and 115.91. A ...
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Forex daily market comments September 3, 2007
2007-09-03 10:03:00
Monday September 3, 2007 EUR-USD While below 1.3654 or 1.3671 it could fall towards below 1.3588 or 1.3555. After which a corrective/consolidation activity is expected. GBP-USD While below 2.0136 or 2.0168 it could fall towards below 2.0104 or 2.0045. After which a corrective/consolidation activity is expected to 2.0198 zone. USD-CHF Market looks set for gains towards 1.2122 or above in extension. ...
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Forex daily market comments Friday August 31, 2007
2007-08-31 08:23:00
Friday August 31, 2007 GBP-USD Current up-move should continue up to 2.0187 or 2.0257. Any correction should find support in 2.0116 - 2.0081 zone. USD-CHF Current rise seems to be over near 1.2058 or 1.2082 for a retracement towards 1.2033 - 1.2017 area. USD-JPY Strength can extend to 116.05 or even higher than 116.33 as declines are expected to find support ...
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Forex daily market comments Thursday August 30, 2007
2007-08-30 10:08:00
Thursday August 30, 2007 EUR-USD It looks set for gains to above 1.3717. Supports at 1.362 and 1.364. A break of 1.3599 will damage this bullish structure. GBP-USD It should trade higher to 2.0251 while 2.0107 or 2.007 offers support. Stop loss below 2.0032 zone. USD-CHF Preferred outlook is for a drift down to below 1.195. Resistances are at 1.1997 and ...
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Forex daily market comments Wednesday August 29, 2007
2007-08-29 10:15:00
Wednesday August 29, 2007 EUR-USD There is bearish potential for a fall to 1.3577 while 1.3628 - 1.3642 resist. After this fall a recovery up to 1.3642 or 1.3655 is expected. GBP-USD Market should meet resistance at 2.0053. Expect then an extended move down to 1.9977 -1.9916 area. USD-CHF It may attempt a test higher to 1.2024 - 1.2044 after which ...
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Forex daily market comments Tuesday August 28, 2007
2007-08-28 08:43:00
Tuesday August 28, 2007 EUR-USD Decline should be supported around 1.3627 - 1.3606 zone for rally to above 1.3704. A clear break of 1.3606 will damage this expected rally. GBP-USD Decline should be supported around 2.0097 - 2.0071 zone for rally to above 2.0217. A clear break of 2.0071 will damage this expected rally. USD-CHF It should test 1.204 area after ...
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Forex daily market comments Monday August 27, 2007
2007-08-27 09:57:00
Monday August 27, 2007 EUR-USD 1.3667. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.372 or 1.3762 if support around 1.3634 hold. After which a pullback to 1.3634 - 1.3611 zone is possible. GBP-USD 2.0134. Uptrend is still intact in a triangle configuration. It should continue to rally to 2.0171 or 2.0243 if ...
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Forex daily market comments Friday August 24, 2007
2007-08-24 09:36:00
Friday August 24, 2007 EUR-USD 1.3565. Current rise should end around 1.3562 or 1.3591. Objectives of this down move are 1.3537 or 1.3508. A rise above 1.3616 is again bullish. GBP-USD 2.0058. A correction down to 1.9952 followed buy a move up to 2.0076 or 2.0129. A break above 2.0200 would accelerate this bullish move. USD-CHF 1.2072. Decline should be supported ...
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Forex daily market comments Thursday August 23, 2007
2007-08-23 09:20:00
Thursday August 23, 2007 EUR-USD 1.3542. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3555 or 1.3615 if support around 1.3514 hold. After which a pullback to 1.3514 - 1.3496 zone is possible. GBP-USD 1.9928. It should trade higher to 1.9971 while 1.9887 or 1.9865 offers support. Stop loss below 1.9843 zone. USD-CHF 1.2064. While ...
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Forex currency volatility hurts carry trade
2007-08-22 12:34:00
Mid July 2007 has caught many carry traders off-guard. Currency investors are suffering their biggest losses in years as wider swings in Fore x currency market knock the carry trade off the rails. Carry trade, the most profitable strategy in foreign exchange, thrives when exchange rates are stable since the technique involves buying and investing currencies of ...
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Forex daily market comments Wednesday August 22, 2007
2007-08-22 09:47:00
Wednesday August 22, 2007 EUR-USD 1.3466. Preferred outlook is for a drift down to 1.3441 or below 1.3417. Resistances are at 1.3466 and 1.3481. A rise above 1.3505 would delay but not abort this expected fall. GBP-USD 1.9818. It is likely to fall towards 1.966 unless a corrective rally breaks the 1.9863 resistance. Stop above 1.9902 zone. USD-CHF 1.2062. It should ...
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Forex daily market comments Tuesday August 21, 2007
2007-08-21 09:05:00
Tuesday August 21, 2007 EUR-USD 1.3474. Decline should be supported around 1.3453 - 1.3433 zone for rally to above 1.3529. A clear break of 1.3433 will damage this expected rally. GBP-USD 1.9877. It should trade lower to 1.9718. Resistances are at 1.9850 and 1.9890. A break of 1.9929 is bullish confirmed by a close above 1.9959 limit. USD-CHF 1.2058. It may ...
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Forex daily market comments Monday August 20, 2007
2007-08-20 09:14:00
Monday August 20, 2007 EUR-USD 1.3492. A corrective/consolidation activity between 1.3392 and 1.3647 is likely for a while. GBP-USD 1.9818. It should trade higher to 1.9952 or above 2.0086 in extension. Supports at 1.9735 and 1.9802. Stop loss below 1.9668 zone USD-CHF 1.2053. It is likely to attempt to go below 1.1891 while below 1.2053 - 1.2076 area. Rise above 1.2157 ...
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Forex Market Hours Monitor
2007-08-19 13:52:00
Forex Market Hours Monitor — a freeware program to monitor forex trading market. I would recomend it to anyone who wants to have markets timetable on their hands. Very handy tool and is very essential in every aspect of Forex trading, at least until you memorize the markets timing. read more | digg story
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Forex Video lessons 2
2007-08-18 17:50:00
Here comes the second part of free video tutorials on trading. You may notice that sometimes it is about trading stocks, not Fore x . I would say, it does not matter, it is still about price fluctuations and majority of indicators and techniques used for trading stocks are used to trade Forex. Enjoy! Trader training videos. These videos use ...
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Forex daily market comments Friday August 17, 2007
2007-08-17 07:13:00
Friday August 17, 2007 EUR-USD 1.3426. It should test higher than 1.3462. Entry point are at 1.3393 and 1.3375. A break of 1.3324 is bearish. GBP-USD 1.9829. It may meet resistance in 1.9829 - 1.983 zone for a drift down to 1.9827 zone, after which bounce to 1.9860 is anticipated. USD-CHF 1.2164. It looks more likely that it would rise to ...
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Forex daily signals Thusday August 16, 2007
2007-08-16 09:43:00
Thursday August 16, 2007 EUR-USD 1.3441. It should register further gains to 1.3507 while 1.3407 caps downside attempts. Stop loss below 1.3373 zone. GBP-USD 1.9887. Structure is bearish to 1.9871 or 1.9837 limit but slowing momentum suggests a correction first to 1.9930 or 2.0022 zone. USD-CHF 1.2191. Currently uptrend should end around 1.2258 - 1.2225 area. A correction down to below ...
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Forex daily signals Wednesday August 15, 2007
2007-08-15 12:57:00
Wednesday August 15, 2007 EUR-USD 1.3533. It should register further gains to 1.3595 while 1.3501 caps downside attempts. Stop loss below 1.3469 zone. GBP-USD 1.9968. Support at 1.9966 or 1.9853 should hold the downside for a correction to above 2.0079 zone. USD-CHF 1.2110. Uptrend is still intact. It should continue to rally to 1.2159 or 1.2175 if support around 1.2086 hold. ...
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Forex daily market comments Tuesday August 14, 2007
2007-08-14 09:40:00
Tuesday August 14, 2007 EUR-USD 1.3613. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.3600 or 1.3575. Major support is clustered around 1.3527 limit. GBP-USD 2.0125. Overall structure is bearish. Decelerating momentum could attract it towards supports at 2.0077 or 2.0054. Major support is clustered around 2.0031 limit. USD-CHF 1.2053. Uptrend is still intact in a triangle ...
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