FOREX.TODAY

Tag: 5 min chart

Higher Highs and Lows on the EURAUD Chart
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-10-26_21-03-26euraud
This chart might not be every mens cup of tea but if forced to trade even if this chart is messy one can see that higher highs and lows are provided. Price action is so near together that it mkes it less visual but I hope that with the numbers and the stochs cycles you…
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EURJPY Chart
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-10-26_20-45-16eurjpy
This chart was a little bid more volatile with clearer swings but moved also much sideways. A divergence on the stochatik can be spotted at the low of the day. If you like you can trade it as long as you are aware that you go against the 200ma. This would have been the best…
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Range Market for the EURUSD Pair
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-10-26_19-45-18eurusd
Today would have been a taugh day to trade. The market moved the whole day pretty sideways. We already know that the easy pips are made when trends occur so when spotting that the trading session takes its course without providing any trend try to avoid big losses. It is always better to admid that…
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An Outbreak for the EURAUD Currency at Market Open
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-10-22_00-38-28euraud
Trading in the direction of the trend as seen easily with the 200 MA. Two trades with higher probability could have been taken as seen with the green arrows. If in doubt stay out but if the indicators and price alligns take the trade. BEST OF PIPS
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Sideways market for the EURGBP
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-10-22_00-16-49eurgbp
When a trader sits infront of his screen at the beginning of the market open he does not know if the market will trend or not. If price explodes up or down you might expect a trend and more participants playing the market at the current time. If price on the other hand just moves…
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A challenging Price Action
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-10-21_23-47-25eurusd
The market may trend or not. When it trends the moves are easier to understand but when not then the trader should be careful. He or she should not expect moves of 100 pips if the price action is erratic. It also means that traders are concentrating on another currency that is probably trending hence…
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An easy Day Trading Approach
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-10-20_17-58-24eurgbp
Again a euro chart for our analysis. We look for a bullish Macd and for price to be over the 200 moving average. We will surely be more lucky when trading always in direction of the 200 ma. When Stochstik is oversold and crossing up in a bullish trend it is then that we  trail…
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Trend Trading
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-10-09_00-25-37euraud forex.today
Price moves below all the moving averages which is a very bearish sign. Therefore we wait for bullish retracements to take our short trades. Three red arrows are provided for an easy understanding on when the trades could have been taken. I aide myself also with the help of MACD as a confirming indicator. These…
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High Probability Trade Setups
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-10-09_00-02-48eurusd forex.today
AC Today I would like to share to fine tradesetups. The first green arrow shows a bullish candle closing over the cloud with MACD crossing over the zero line . Price is also over all the moving averages meaning a trend can develop which it in fact did. Then you may note the yellow lines…
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Head and Shoulders Pattern
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-10-06_17-59-03euraud forex.today
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EURJPY Currency
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-10-05_21-08-58eurjpy
In very simplistic terms if we use moving averages then we really might be willing to use them. They represent: 200 MA = Trend 21 and 55 MA = Market Direction 5 and 8 MA = Momentum of price So let us allign all the moving averages to profit from high probability moves trading short…
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EURGBP Day Trading Chart
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-10-05_18-15-47eurgbp forex.today
A trader needs to avoid every possible draw down to keep his powder dry to be able to trade. Psichological if losses are kept small the trader is able to better make up for them and return his account back into positive territory. Technically if the 55 moving average alligns with the 200 ma then…
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Trade Entry
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-10-02_01-34-07eurusd forex.today
This eurusd chart shows one very clear entry. We wait for price to be over all the moving averages aligning momentum with the major trend. We then pull the trigger on the 5/8 cross. I hope this example helps you to formulate your own trading strategy or system for you to be profitable. BEST OF…
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Specific Trade Entries
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-10-02_00-32-26euraud forex.today
On this chart there are two blue arrows displayed. They have the purpose of showing the easier trading. Price is over all the moving averages on the chart. This means that the momentum of price is alligned with the overall trend. You may use the 5/8 cross for your entry and choose always to trend…
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Todays Trading Session Explained
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-09-30_23-40-38eurusd forex.today
Before us lies the eurusd 5 min chart. The 200 MA is pointing down so our prefered trades are the bearish ones. The other thing that comes to mind is the angle and seperation between the 200 and the 55 moving averages. This information reenforces our belief to take short trades only and that we…
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Trading the EURAUD Chart
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-09-29_19-35-37euraud forex.today
This currency pair chart is quite similar to the eurusd chart. You may have noticed that the euraud provided you with a high at number one right at the beginning of the UK session. The purple 200 MA stayed practically flat the whole day. What this says is that we can expect a relatively sideways…
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EURUSD Chart for Day Traders
Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2015-09-29_18-46-03eurusdforex.today
Good afternoon beautiful people. Let us concentrate on this chart and extract the information we need to trade it. The analysis should be quite the same for this chart or any other and that includes also the timeframe. Nmber 1 is the start of the UK session. Price comes down and provides us with a…
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