Blog Roll

Target Trading in the Forex upcoming week of April 20, 2014
Target Trading in the Forex upcoming week of April 20, 2014
Target Trading in the Forex upcoming week of April 20, 2014
Target Trading in the Forex upcoming week of April 20, 2014
Saturday, April 19, 2014 - 08:54

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3813.  We were unable to even get the gap closed so we are looking for a continued move DOWN to the 1.3723 area and a breakout would target the 1.3665.  We may still have one higher move to fill the gap.  The average daily true range (ATR) for the pair currently is now down to only 64 pips.

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$USDJPY                                                                                                                   

What ProAct  Forex Target Traders See:  We are currently @ 102.44.  The market is really ranging with a bullish bias. The current price is at a significant resistance which will need to be broken to get to the  to  the 103.55 area.  The average daily true range (ATR) for the pair currently is 62 pips.

 

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$GBPUSD                                                                                                                   

What ProAct  Forex Target Traders See:  Cable is currently sitting @ 1.6791  and in a channel to the upside.  A couple of different scenarios:  1:  bullish: a move to the 3rd wave R5/1.618 Fibo @ 1.6920-30 area).  2: Bearish : The may be the head of a head and shoulders pattern at which case a right shoulder and failure above 1.6823 we will look to the downside trend wall @ 1.6698. The average daily true range (ATR) for the pair currently is 72 pips.

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$AUDUSD – A great smooth currency for Newbie’s! 

What ProAct  Forex Target Traders See:  Aussie is @ 0.9328  and in a correction of the day chart up trend. We are looking for a continuation down to the 0.9200 area and then a bounce.  The average daily true range (ATR) for the pair currently is 65 pips.

 

Forex Trading Software and Live Forex Trade Room

 

CAUTION IS URGED - TRADE WITH STOPS!!!!!


IMPORTANT NOTICE: These comments are for information purposes only. The information contained on this document does not constitute a solicitation to buy or sell by ProAct Traders, LLC., www.proacttraders.com Forex Target Trading www.forextargettrading.com and/or its affiliates, and is not to be available to individuals in a jurisdiction where such availability would be contrary to local regulation or law. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. We monitor multiple indicators as well as established chart analysis in our Forex trading software.

There is No “Holy Grail” in Forex trading systems. Do not use our research or any other trading system without proper research on the asset.

This is an opinion ONLY - and not a trade call, but a study that may lead you to a trade. I do not know whether this will transpire or not so use your own judgment. 

$GBPCHF- Channel Top?
Friday, April 18, 2014 - 07:34

Currently we are at 1.4219 in a channel.  We are looking for a bullish continuation to the Wave 1 R5 @ 1.4851 and maybe Wave 3 R4 @ 1.4869.  The average daily true range (ATR) for the pair currently is 83 pips.

Interview with Jerry
Thursday, April 17, 2014 - 18:31

Most of you know that we are in Holy Week.  My partner Jerry is a Pastor and he was interviewed on a major station and his interview is below.  We hope that it blesses you on this very special weekend for Christians around the world.

 

http://www.kingdompoint.org/site/audiodownloads.asp?sec_id=180010380

 

Oh yea - he does NOT look like a Pastor

 

AUDJPY trade result
Tuesday, April 15, 2014 - 15:47

Nice when a plan comes together to the pip

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