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CADjpy short it !

Wedge Posted 19 July  in #Trader's blog
though it is ranging from past 15days, i think it will go down, to confirm that i have used pitchfork channel as it is my favorite indicator.
to make it clear for sellling
Sell @ 88.355; SL @ 89.00 ; TP@ 86.724
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AUDusd

Wedge Posted 18 July  in #Trader's blog
What is observed in AUDUSD is Ascending triangle break out. Which is clear bullish strength.
buy @ .7952; SL@ .7800 ; TP@ 0.8256
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EURGBP Short

Wedge Posted 17 July  in #Trader's blog
using pitchfork set up, possible sell signals
Sell @ 0.8759, SL @ 0.8950, TP@0.8518..
Keep watching fundamentals using Dukascopy TV, which is very useful
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Fibonacci Fans - Importance & use

Wedge Posted 15 July  in #Trader's blog
I believe Fibonacci ratios are known to most of people here, it is interesting how well re-tracements fit into those ratios.
Fibonacci Fan lines indicator is one of the best indicator available in Jforex platform. successful trader definitely uses it.
please study attached image which i have drawn the use of the indicator, it shows that after touching 61.8 ratio prices start moving up.
do you need any other indicator than this ? it is also leading indicator.
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CADjpy short it !

Wedge Posted 14 July  in #Trader's blog
this pair has formed triple top as per my opinion, so nearest to resistance zone. hence it can be shorted.
Sell @ 87.105; SL@ 89.865; TP@75.156. , if you stay patience this profit can be easily achieved, dont get distracted by short period of range trading. I have also used Gann angle to identify possible resistance.
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USD JPY Short

Wedge Posted 13 July  in #Trader's blog
It seems pair touched triple top, chances that short term bearish sentiment, Sell@ 112.656, SL@ 114.4, TP@ 109.993.
breaking moving average 50 will confirm the downtrend
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GBPCHF short term trade

Wedge Posted 3 July  in #Trader's blog
GBP CHF looks like ranging and bearish bias, as per price pitch fork price theory, prices touches median line 80% of the time.
SELL @ 1.2461, Stoploss @ 1.2510, Takeprofit @ 1.2375
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Hii introducing myself

Wedge Posted 1 May  in #Trader's blog #Forex #Forex Signal
Dear All tradersI am already a 1st prize winner in Ducascopy trading contest on Sept. 2012.I am proud to be part of this trading contest & with you all.Today is most volatile price movement day due to NFP data release.All USD pairs will be volatileNovice trader better not to risk their equity.Jobless claims has reached lowest level, equal to year 2000.I expect positive data today and bullish momentum.Happy trading.
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