Intra-day Trading Opportunities

Friday, Mar 23, 2012

Hello,

This is the kind of day we like in the forex markets. We have moves, counter-moves and counter-counter-moves. So instead of a 80 pip range and then sideways action, we had 80 pips up, 80 pips down and then another 60 pip move to the upside to give us DOULBE FALL LINE trading opportunities.
The GBP/USD with Fibonacci's is followed by the EUR/USD:

Past performance is not indicative of future results


Past performance is not indicative of future results

We should see more and more of this intraday trading as equities hopefully start to provide some intraday movement of their own. Remember, all of the markets are inter-related and the more you are able to use other markets, the more you may be able to find relationships and thus trading edges. As always, with the DOUBLE FALL LINE TRADE or any other strategy, please remember to use a trading plan with pre-determined stops and targets.

For an update on equities and next week's calendar, see yesterday's post.
Happy Trading and Be Environmentally Cool
Coach Brian

Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.