Day by Day, hourly analysis of EUR/JPY currency cross on the foreign currency market (FOREX). Sell and Buy signals on a technical basis Use signals at your own discretion.

Thursday, September 30, 2010

9/30/2010 Mid-Noon Update

PA/volume has slowed down some, but not enough to prevent new trade opportunities! I have been away since late morning, but the 100 EMA break @ 1 AM proved to be worth upto 30 pips (if you are off my recommended 10 pip TPs). I wouldn't recommend trading the mid-afternoon session, as PA has essentially plateaued and won't be going anywhere until later tonight. Watch for a breakout move to test yesterday's high of "114.176" tonight.

Summary:
Detailed Long entry point @ "113.559" and break of 100 EMA

Market has plateaued, recommend a no-trade until tonight

Watch for breakout "Friday" moves later tonight into tomorrow morning. Expecting a test/break of yesterday's high of "114.176"

29 comments:

  1. Very useful tips my friend! Thanks a million.

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  2. Hi there, I read about PIPS on the train and was wondering if you could provide a site where I could read some basic information on it.
    Cheers

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  3. Thanks for the informative post bro
    supporting and following~

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  4. this is useful in my life. thanks! post more please

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  5. I like the way you designed your blog :)

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  6. thanks for the tips bro

    oh and thanks for the link in my comments. but my dad is a marathon runner and my uncle is a pharmacist so they get the stuff for free so they send it to me lol.

    followed

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  7. this is something to watch carefully...

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  8. You need to watch Mad Money. That's a good show.

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  9. some big troffs! can you let me know how to do that left side bar on linkbucks? =]

    I'm an avid reader of yours so I'd appreciate it if you headed over to my blog and voted in my poll and stuff =)

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  10. I didnt think it'd get that high so quickly

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  11. I'm gonna start following every piece of advice you got, sir

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  12. nice quality info man, i can see myself being rich in no time following your info...keep it up

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  13. very interesting, cant wait for more :D

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  14. Yes a lot of currency is now gaining ground and some are going over the currency of America.
    Business in exports will now increase!
    Mesty =)

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  15. We need more blogs like this lol

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  16. Thanks a lot for the tips my friend.

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