Forex Day Trading Signals

Coming to an end!!!

Editor — Sat, 12 Jul 2008 08:10:19 GMT

Hi Traders,

Regrettably, due to unfavourable market conditions, we are discontinuing
the Forexlivepro service from 21 July 08. The market
environment is just not conducive to our strategies at this time, and we
expect this to continue throughout the summer, when volatility drops.

We may return in the autumn, but that is still undecided.

We hope you enjoyed our trades and commentary over the last few months.

Forex Trading Signals - June 29th 2008 - Round-up

Editor — Sun, 29 Jun 2008 16:13:55 GMT

Hi Traders,

Due to the range-bound nature of the market, we have taken few trades recently. We made +39pips on the EU/USD from a long held over from last tuesday, but lost -50pips on a GU/USD on a trade held over the FOMC release. This has left us in a small negative position in June.

The week ahead we have the Non-Farm Payrolls on a friday, and also the EU rate decision, which will stir up the market. We feel the $ will depreciate until then.

Forex Trading Signals - June 16th 2008 - Round-up

Editor — Mon, 16 Jun 2008 12:45:51 GMT

Hi Traders,

We took no trades today. We were anticipating a stronger CPI release from the Eurozone. YoY came out stronger, but we didnt feel comfortable going long prior, as the price already had 50pips movement in the price prior to release.

The rest of the session was muted, we look forward to tomorrow with the UK CPI release and German ZEW which should make a volatile UK session.

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Forex Trading Signals - June 13th 2008 - Round-up

Editor — Mon, 16 Jun 2008 12:42:34 GMT

Hi Traders,

We took no trades today, due to the G8 weekend risk. They finally came out with a message insisting on the concern over commodity prices, but nothing specifically currency related.

If you wish to develop your forex trading and to join our room, please sign up below:

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Forex Trading Signals - June 12th 2008 - Round-up

Editor — Mon, 16 Jun 2008 12:40:39 GMT

Hi Traders,

We went long Eur/usd prior to the US retail figs. These came out stronger than expected at 1.2% on the core Retail figure vs 0.7% expected. We were stopped out for a 23pip loss.

We later longed the Eur/usd later in the session at 1.5405, but despite moving up to 1.5445 it retraced back and hit our stop at break even.

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Forex Trading Signals - June 11th 2008 - Round-up

Editor — Wed, 11 Jun 2008 13:52:31 GMT

Hi Traders,

We were on the sidelines for the majority of the day, as a lot of the pairs we trade were in the mddle of their ranges, and this is a rangebound market.

In the afternoon session, we closed out our ucad short for +38pips, as we felt a bounce was imminent as there wasnt a lot of follow through since yesterday. We'll look to sell this again when the price is right.

At the moment, the market is being lead by what is happening in oil. So we are watching this market closely.

More updates tomorrow.

If you wish to develop your forex trading and to join our room, please sign up below:

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Forex Trading Signals - June 10th 2008 - Round-up

Editor — Wed, 11 Jun 2008 13:48:09 GMT

Hi Traders,

In the UK Session, we had Industrial Production out of the UK. We sold GU prior to the data. The data was better than expected, however, the trend at that time was for a down trending £.

We only netted 8pips on this trades as with post-news moves they are unpredictable.

In the afternoon session, The CAD bank didnt raise rates as expected. This was a big surprise. We took the opportunity to sell UCAD at 1.0201, on the assumption of some profit-taking following the run up in this pair.

More updates tomorrow.

If you wish to develop your forex trading and to join our room, please sign up below:

http://www.forexlivepro.com/members/signup.php

Forex Trading Signals - June 9th 2008 - Round-up

Editor — Tue, 10 Jun 2008 01:54:57 GMT

Hi Traders,

We have no trades to report during this day.

More updates tomorrow.

If you wish to develop your forex trading and to join our room, please sign up below:

http://www.forexlivepro.com/members/signup.php

Forex Trading Signals - June 6th 2008 - Round-up

Editor — Tue, 10 Jun 2008 01:53:44 GMT

Hi Traders,

We went short on UCAD prior to the CAD employment report at 1.0200. The report came in slightly negative to the CAD and we were stopped out at 1.0212.

We held are NZ short throughout the NFP report but unfortunately were stopped out at .7700. Some traders held the trade who had wider stop losses, and it continues to do well.
So not a great day, we hope for better times next week.

More updates next week.

If you wish to develop your forex trading and to join our room, please sign up below:

http://www.forexlivepro.com/members/signup.php

Forex Trading Signals - June 5th 2008 - Round-up

Editor — Fri, 06 Jun 2008 04:31:19 GMT

Hi Traders,

After indications from Bollard that the RBNZ will cut rates later in the year (66bps) we felt this was a good short, based on interest rate dynamics. We sold at .9631, and things were going our way, until the ECB meeting, when Trichet put the cat amongst the pigeons by announcing they might raise rates at their next meeting. 2nd Tapebomb of the week.

Amazingly, the high CPI he was warning about, just got worse, as oil spiked over $3, the Euro/usd by 250pips. So you have to question the logic of his thoughts.

Anyway, we'll hold this trade for now.

Tomorrow we have CAD employment, and US Non-farm payrolls. Two rumors are circulating with regards to the NFP report. The 1st is that last months NFP was miscalculated and will be revised down. Secondly that this month the payrolls will be stronger (this would tie in with better jobless claims & ADP report). So more fireworks expected, as always.

More updates tomorrow.

If you wish to develop your forex trading and to join our room, please sign up below:

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Forex Trading Signals - June 4th 2008 - Round-up

Editor — Wed, 04 Jun 2008 14:33:16 GMT

Hi Traders,

We waited for the ISM non-manufacturing to place a trade. We felt that the release will be stronger than expected. So we sold GU at 1.9552. We were correct, the ISM cam out at 51.2. But we only managed only to gain 8pips, as the GU was oversold. It would of been a great trade if the pre-release was 1.9600, but c'est la vie.

Quite a disappointing day really, not much movement. We feel things will be the same tomorrow too. Coiling into NFP friday.

More updates tomorrow.

If you wish to develop your forex trading and to join our room, please sign up below:

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Forex Trading Signals - June 3rd 2008 - Round-up

Editor — Tue, 03 Jun 2008 11:00:29 GMT

Hi Traders,

The £ was bullish today after the poor news yesterday that british banks are to release a variety of rights issues and profit warnings.

Therefore we sold a bounce at 1.9720. Shortly after we sold, Bernanke spoke, basically saying all of the USA's problems were caused by a weak dollar (implying they'll raise rates/verbal intervention). This caused massive US dollar strength, and our TP was hit for +50pips or 12.5pips as it was a 1/4 trade. The EU moved 200pips on this statement. Wow.

We are still in bounce-selling mood, and will look to sell GU or GY higher.

More updates tomorrow.

If you wish to develop your forex trading and to join our room, please sign up below:

http://www.forexlivepro.com/members/signup.php

Forex Trading Signals - June 2nd 2008 - Round-up

Editor — Tue, 03 Jun 2008 10:50:15 GMT

Hi Traders,

We longed the E/Usd at 1.5516 prior to the ISM manufacturing report. The report came out bullish for the US dollar. However, we played the news with a tight stop, but were stopped out at 1.5496 for -20pips or 5pips as it was a 0.25% trade. Only after stopping us out did Traders read between the lines, and the EU put on 100pips.

It was our first news trade, which didnt unfold as we wanted, but alas, our stops were honored in the process.

We have more news trades lined up later in the week.

More updates tomorrow.

If you wish to develop your forex trading and to join our room, please sign up below:

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Forex Trading Signals - May 30th 2008 - Round-up

Editor — Fri, 30 May 2008 12:40:06 GMT

Hi Traders,

We stayed on the sidelines today, market again had low volatility, so as soon as you saw a move, it was over. Up down, choppy.

We hope for better things in June. We ground out just +60pips in May, which is better than a loss, as this environment has been tough & tricky, as prices have skewed away from fundamentals and a lot of the inter-market relationships have become decoupled. So, where once it was a wave of prices, now its a lot of different markets without a general theme, and no general idiosynchrony. A lot of the price action have left us scratching our head. Some questions remain unanswered: why is the £ so strong? Will the Euro go to 1.60 or collapse to under 1.50? Interesting, yet frustrating times.

We feel that oil is driving the mkts at the moment. Yesterday, there was a massive drawdown in crude, which led to a fall in the crude price. Which is a bearish sign. So it could lead to bigger falls i the days to come. What this will mean is a strengthening dollar and a falling CAD. So that could be a dynamic which unfolds in the days and weeks to come. If oil falls, it will drag the rest of the commodity sector with it too.

Next week we launch our Pre-News Trades system, which forward tested 180pips in May, so we are excited about that.

More updates on Monday

If you wish to develop your forex trading and to join our room, please sign up below:

http://www.forexlivepro.com/members/signup.php

Forex Trading Signals - May 29th 2008 - Round-up

Editor — Thu, 29 May 2008 13:10:38 GMT

Hi Traders,

Our GU short was closed at 1.9740 for +72pips or 18pips at 0.25%. We wanted to sell GU again, but never quite got to high levels to short.

We feel very gloomy on the £, especially after todays housing figures. They came out at -2.5% m/m which is -26% annualized. So a lot of pain in store for the UK economy, and the £ at these levels is chronically overvalued.

More updates tomorrow.

If you wish to develop your forex trading and to join our room, please visit us at www.forexlivepro.com

Forex Trading Signals - May 28th 2008 - Round-up

Editor — Wed, 28 May 2008 13:18:14 GMT

Hi Traders,

Early in the UK Session we sold EU at 1.5729 and closed at 1.5692 for +37pips or 9.25 full pips at 0.25%.

The Durable goods release came out dollar positive in the US session. We wanted to sell a bounce on GU . The price bounced 125pips so we sold short at 1.9812 and hold overnight.

Its still a crazy rangebound environment at the moment, where its prudent to get a) a good price, b) have a mental stop c) not be too greedy.

May has been a challenging month, we hope for better things in June.

More updates tomorrow.

If you wish to develop your forex trading and to join our room, please visit us at www.forexlivepro.com

Forex Trading Signals - May 27th 2008 - Round-up

Editor — Wed, 28 May 2008 06:59:08 GMT

Hi Traders,

There were no trades to report today.

More updates tomorrow.

If you wish to develop your forex trading and to join our room, please visit us at www.forexlivepro.com

Bank Holiday Monday - May 26th 2008

Editor — Sun, 25 May 2008 14:49:48 GMT

Hi Traders,

Due to the Memorial Day holiday in the US and the Bank Holiday in the UK, there will be no sessions on Monday May 26th. Our trading week will start on Tuesday May 27th. Decreased liquidity and being a Public Holiday could make trading difficult this Monday.

Have a great long weekend,

Team Forexlivepro

Forex Trading Signals - May 23rd 2008 - Round-up

Editor — Fri, 23 May 2008 15:06:17 GMT

Hi Traders,

Arrghh! Is the best way to describe this environment. Our long term view, was stopped out by short term noise, more or less to the pip...again.

We sold GU in the UK session at 1.9777 with a stop at the previous day's highs. It managed to crawl up there only to retrace late in the day. So we were stopped at 1.9850, which on a 0.25% trade was -18.25pips. In fact, reducing our trade size has been our only saving grace in this environment.

A lot of our propriety indicators are screaming sell, but the timing is just out. And in this environment, timing is everything. So if GU follows our other trades, we expect GU to be 1.9600 by the end tuesday!

On a positive note, we are still beta testing our pre-news trades, and again these have worked out, for this week. We plan to launch this in June after a full month of forward testing.

We hope for an end of this choppiness soon.

More updates on Tuesday (Bank holiday on Monday)

If you wish to develop your forex trading and to join our room, please visit us at www.forexlivepro.com

Forex Trading Signals - May 22nd 2008 - Round-up

Editor — Fri, 23 May 2008 05:32:43 GMT

Hi Traders,

After a slightly more positive UK Retail figs, we sold the 65pip bounce, but were stopped out at 1.9772 for a loss of 18pips, or 4.25pips at 0.25% trade. Usually there would of been a retracement but unfortunately the £ was strong today.

We do feel the pounds rise is coming to an end as it hit 1.9850 yesterday on GU, and this was the top of the recent price channel.

More updates tomorrow.

f you wish to develop your forex trading and to join our room, please visit us at www.forexlivepro.com