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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.
Articles: 1, 2, 3, 4, 5

Articles

GBP/USD Forex weekly analysis for May 19-23, 2008
2008-05-19 12:47:00
GBP/USD bias this week is bearish. Bouncing off the support last week price faces first minor resistance at around 1.9600 level. We will be looking closer at trend line (2), which holds pair to the downside. If the trust up at the beginning of the week is going to be large, then we may as well observe ...
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Forex signals for the week ahead May 5-9, 2008
2008-05-05 13:09:00
EUR-USD is showing distinctive downward bias. First targets for Sellers are clustered at 1.5225 and 1.5045, which are Fibonacci 50% and 61.8% retracements levels. Recent re-test of the support level at 1.5040-1.5060 area has brought currency slightly up also encouraged by 38.2% Fibonacci retracement. Stochastic remains in oversold area but is obviously having troubles rising ...
More About: Forex , Week , Ahead , 2008
Free Forex video on YouTube
2008-04-28 19:57:00
Let’s see what trading tips we can fish out for the next Forex videos. As I have mentioned earlier, Forex traders in their majority won’t reveal you their very profit yielding best system, but they can share something and we can learn from it. I watch videos closely and besides the words I hear from narrator I ...
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Forex signals update Apr 10-2008
2008-04-10 15:07:00
EUR-USD => tested the highs for the third time. Now requires to clear 1.5925 for a try at 1.6000, buying potential remains while trading above 1.5830, trading below signals reversal to 1.5660 AUD-USD => pullback within overall move higher while trading above 0.9235-45 rising trend line support, forming strength over 0.9325 call for a move higher later GBP-USD => retracement ...
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Forex signals update Apr 09-2008
2008-04-09 16:02:00
EUR-USD => sideways range, risk is for a dip down to 1.5660-70 if trading below 1.5700, requires over 1.5750 for gains to extend to 1.5780-90 AUD-USD => pullback within overall move higher while trading above 0.9235-45 rising trend line support, forming strength over 0.9325 calls for a move higher GBP-USD => consolidation below main 1.9730-60 resistance, buying corrective preference while ...
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Forex signals update Apr 08-2008
2008-04-08 15:27:00
EUR-USD => sellers dominance sets up test of rising hourly trendline support at 1.5690, trading below calls for decline extend to 1.5640-50 at least, preference lower while trading below 1.5740 AUD-USD => testing hourly lows at 0.9240-50 after failure trading below 0.9300, trading below calls for decline to 0.9200-10 at least, preference lower while trading below 0.9275 GBP-USD => breakout ...
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Forex trading signals update for April, 07-2008
2008-04-07 15:11:00
Forex technical overview EUR-USD => Sideways market conditions prevail. Requires above 1.5730-1.5740 to promote itself higher, while trading below 1.5670 would shift preference lower. AUD-USD => Strong buying potential remains while trading above 0.9220, requires over 0.9275-80 for gains to extend to 0.9310-20 later. GBP-USD => Testing hourly down channel resistance at 1.9900, trading above calls for potential back to 1.9960-80 ...
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Forex trading video - continued
2008-04-06 21:29:00
Well, lets continue on useful videos I bookmarked some time ago. Tech analysis video - excellent free video on Fibonacci retracement; another video on entries, exits and trailing stops and additional comments and video on 200 moving average for hourly charts. Real good educational video to improve own trading. And then you’ve got so much video ...
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Forex signals update March 17-2008
2008-03-17 12:36:00
Today watching closely US fundamental indicators in Forex , as they will determine a strength of retracements on USD/xxx pairs, in particular: 8:30 AM EST US Empire State Business Conditions Index 9:00 AM EST US Treasury International Capital (TIC) Transactions 9:15 AM EST US Capacity Utilization Rate 9:15 AM EST US Industrial Production In all economic indicators, rising values would ...
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Forex signals update March 10, 2008
2008-03-10 11:24:00
Forex technical analysis EUR-USD => While 1.5345 - 1.5380 level resists a dip to 1.5285 is possible. Breaking above 1.5435 sets it on a bullish path. GBP-USD => While trading below 2.0145 price may test support at 2.0080, which if holds will provide an opportunity for a move up to 2.0215, otherwise we will see a dip to ...
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Forex signals update March 07-2008
2008-03-07 09:42:00
Forex technical analysis EUR-USD => Expecting an up move pause at 1.5460 - 1.5430 with a pullback down to 1.5295 and lower. Rising above 1.5480 cancels pullback forecast. GBP-USD => Up move is expected to pause at 2.0185 - 2.0175 with a pullback down to 1.9950. Rising above 2.0255 cancels pullback forecast. USD-CHF => While bears are ...
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Forex signals update March 06-2008
2008-03-06 11:13:00
Forex technical analysis EUR-USD => While 1.5240 and 1.5205 provides support the pair should move higher to 1.5330. Stops slightly below 1.5170. GBP-USD => Support at 1.9870 and then at 1.9820 should hold all downside corrections. Expecting additional attempt higher to 1.9945 - 2.0020. Falling below 1.9770 sets downside prospectives. USD-CHF => Expecting an attempt to reach ...
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Forex signals update March 05-2008
2008-03-05 09:24:00
Forex technical analysis EUR-USD => Expecting the end of an uptrend at 1.5250 - 1.5290. Further pullbacks will be supported at support in 1.5215 - 1.5195. GBP-USD => Falling below 1.9820 turns on sellers mode. USD-CHF => Another attempt to reach in a fall 1.0330 or even 1.0285 levels will most likely be replaced by a move ...
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Forex signals update March 04-2008
2008-03-04 09:09:00
Forex technical analysis EUR-USD => Resistance at 1.5210 - 1.5240 may push the price lower to 1.5150 or even 1.5090. Later we should see a consolidation for some time. GBP-USD => Expecting a dip to 1.9820 or even to 1.9785 with a following correction to 1.9890. Breaking below 1.9730 is in favor of sellers. USD-CHF => Main ...
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Forex signals update March 3, 2008
2008-03-03 10:13:00
Forex technical analysis EUR-USD => Expecting a fall to 1.5136 with a help of resistance at 1.5180 - 1.5185. Breaking above 1.5232 will propel the pair further up. GBP-USD => While 1.9860 - 1.9890 resists we should see lower prices to 1.9795 or even 1.9720. Breaking above 1.9930 will set uncertainty into bears success. USD-CHF => Resistance at 1.0415 - ...
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Forex signals update is closed for this week
2008-02-25 23:04:00
I’ll be away this week and most likely won’t be able to post signals updates. Happy and profitable week in Forex !
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Forex signals update Feb 22-2008
2008-02-22 12:46:00
Forex technical analysis EUR-USD => 1.4850 - 1.4870 should mark the end of an uptrend with a following pullback to 1.4730. Rising above 1.4920 cancels pullback. GBP-USD => 1.9635 if not then 1.9710 will end the uptrend with a pullback to 1.9560 - 1.9520. USD-CHF => While 1.0965 - 1.1000 resists we may see another dip to 1.0830 ...
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Forex signals update Feb 21-2008
2008-02-21 14:26:00
Forex technical analysis EUR-USD => While support at 1.4690 holds, we should see a move up to 1.4760. Stop Loss is placed slightly below 1.4570. GBP-USD => 1.9330 - 1.9390 should mark the end of a fall starting an up move to 1.9460 or even 1.9495. Breaking below 1.9290 cancels those expectations. USD-CHF => Targeting 1.1035 or higher. Support at ...
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Forex signals update Feb 20-2008
2008-02-20 11:03:00
Forex technical overview EUR-USD => 1.4740 - 1.4775 should mark the end of a current up move, expecting a pullback to 1.4700 - 1.4685. GBP-USD => 1.9485 - 1.9490 is a resistance area that can be tested prior to a dip down towards 1.9460. Later we could see another rising to 1.9515 level. USD-CHF => While 1.0960 - 1.0985 offers resistance ...
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Forex signals update Feb 19-2008
2008-02-19 12:25:00
Forex technical analysis EUR-USD => Further down progress to 1.4615 or even 1.4575 should be seen. Resistance at 1.4675 should hold all upward pullbacks. Breaking above 1.4715 signals of buyers’ rising strength. GBP-USD => Support at 1.9455 is at watch for a test, if broken will allow a sell to 1.9385. Rising above 1.9615 cancels those expectations. USD-CHF => 1.1035 ...
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Forex signals update Feb 18-2008
2008-02-18 11:07:00
Forex technical analysis EUR-USD => While trading below 1.4695 - 1.4715 we can expect another dip to 1.4635 or even 1.4595. S/L is placed slightly above 1.4750. GBP-USD => A dip to 1.9550 is expected presuming that 1.9635 - 1.9665 holds upward pressure. Later a pullback to 1.9665 or even 1.9695 is anticipated. USD-CHF => Targeting 1.0990 for ...
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Forex signals update Feb 15-2008
2008-02-15 08:10:00
Forex technical analysis overview EUR-USD => Targeting 1.4675. Support at 1.4615 - 1.4595 area should hold all pullbacks. GBP-USD => While 1.9745 resists we may see further sell offs to 1.9655 or even 1.9625. Breaking above 1.9745 can boost price to 1.9805 and higher. USD-CHF => While 1.1010 - 1.1035 offer resistance we may see a fall to ...
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Forex Valentine
2008-02-14 11:41:00
Although we all love Forex , today is a day for our beloved ones! In fact, they are our inspiration, happiness and blessing! Happy Valentine s day, everyone! Lots of Love, smiles and joy! Practical Trader
Forex signals update Feb 13-2008
2008-02-13 14:13:00
Forex technical overview EUR-USD => Uptrend in progress, targeting 1.4615 or even 1.4685 presuming that support around 1.4565 holds. Later a correction to 1.4565 - 1.4540 is expected. GBP-USD => 1.9615 / 1.9675 levels should mark the end of an uptrend with a following correction to 1.9560 - 1.9520. USD-CHF => While 1.1015 offers support the pair should ...
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Forex signals update Feb 12-2008
2008-02-12 09:28:00
Forex Technical report EUR-USD => Expecting breakout and acceleration either above 1.4575 or under 1.4480. GBP-USD => The pair will coil between 1.9430 and 1.9610 for a while. USD-CHF => Attempting to reach 1.1075. Later a dip to 1.0965 or even 1.0905 should take place. USD-JPY => A dip to 106.35 is expected with a possible correction to 107.30 - 107.00. Stop ...
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Forex signals update Feb 11-2008
2008-02-11 14:10:00
Forex technical analysis EUR-USD => Expecting a test of 1.4540 with a following sell off to 1.4460 or even to 1.4405. GBP-USD => Expecting a test of 1.9445 with a following sell off to 1.9400 or even 1.9350. USD-CHF => Supports are at 1.1015 and 1.0995. Possible pullback to 1.1050 or 1.1065. USD-JPY => Supports are at 107.25 and 107.10. Preferred outlook is ...
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Forex signals update Feb 08-2008
2008-02-08 09:03:00
Forex technical update EUR-USD => Support at 1.4400 should hold allowing a move up to 1.4460 - 1.4525 level. GBP-USD => Support at 1.9310 should hold making an opportunity for an up move to 1.9405 - 1.9475. USD-CHF => No trading is advised today. Expecting most likely consolidating activity between 1.1025 - 1.1200. Breaking above 1.1075 would signal for an uptrend ...
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Forex signals update Feb 05-2008
2008-02-05 11:20:00
Forex technical analysis EUR-USD => Additional sell offs are expected targeting 1.4800, possibly 1.4770 levels. Resistance at 1.4845 should hold all upward attempts. Breaking above 1.4870 is in favor of buyers. GBP-USD => The level of 1.9790 should hold a test and send the price lower to 1.9645 or even 1.9555. USD-CHF => Support levels are 1.0875 and 1.0855. ...
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Forex signals update Feb 04-2008
2008-02-04 09:30:00
Forex technical overview EUR-USD => Resistance zone of 1.4845 - 1.4875 may provoke another dip towards 1.4740 and possibly below 1.4680. GBP-USD => Expecting further sell off towards 1.9660, possibly 1.9565 presuming that resistance around 1.9755 holds. Breaking clearly above 1.9755 will make perspectives bullish with a pullback to 1.9800 and possibly 1.9850 level. USD-CHF =>Support levels - ...
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Forex signals update Feb 01-2008
2008-02-01 08:25:00
Happy February everyone! Let’s see what Forex has baked for us today. Forex technicals EUR-USD => Aiming further up towards 1.4885 and possibly 1.4915. Support at 1.4830 and 1.4805 should hold all pullbacks. Breaking below 1.4745 may provide an opportunity to sellers. GBP-USD => While 1.9880 - 1.9910 resists we may see another dip towards 1.9815 or possibly 1.9760. USD-CHF => Main ...
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