March Non-Farm Payroll

Charts courtesy of eSignal

Are you ready to rumble?

Tomorrow's Non-Farm Payroll report looks like it is going to have some extra juice since the U.S. and European equity markets are going to be closed for the Good Friday holiday. The Euro saw positive price action today with the continued hawkish stance by the ECB.

Key Technical Levels to look at:

EURUSD closed above the 1.3411 resistance level setting up a run at the 1.3472 Fibonnacci expansion level at the top of our channel for dollar negative payroll numbers or return to the trendline for positive data.

The real test will come from the revision figures which could provide the fuel to challenge our support and resistance levels. Either way it looks like this is going to be a volatile report which means .... opportunity!

Happy Trading!!

March Non-Farm Payroll

Charts courtesy of eSignal

Are you ready to rumble?

Tomorrow's Non-Farm Payroll report looks like it is going to have some extra juice since the U.S. and European equity markets are going to be closed for the Good Friday holiday. The Euro saw positive price action today with the continued hawkish stance by the ECB.

Key Technical Levels to look at:

EURUSD closed above the 1.3411 resistance level setting up a run at the 1.3472 Fibonnacci expansion level at the top of our channel for dollar negative payroll numbers or return to the trendline for positive data.

The real test will come from the revision figures which could provide the fuel to challenge our support and resistance levels. Either way it looks like this is going to be a volatile report which means .... opportunity!

Happy Trading!!

Here and Now

Trading is for real and like I have said on numerous occasions, trading is a business. Why then do so many traders treat their activities like a hobby? True, we all have different levels of commitments and goals, but it is our money and that alone should lend a bit more seriousness than a hobby!

As a trader and a success coach to other traders, I see the full range of errors. I am just as guilty as all the other traders and must be constantly monitoring my activities to keep my trading demons at bay. It is all about awareness.

One of the common mistakes I see traders make is not staying in the present. What I mean by that is that when you are sitting down in front of your computer you must stay in what I call the here and now. Being present and focused on the task at hand (trading) is a big part of your trading edge. Just like a golfer preparing for golf shot, I spend the first 15 minutes of trading day getting my mind in the here and now. I start by reading my personal mission statement (out loud), followed by my trading rules and affirmations. I end this preparatory time by saying the following statement:

What time is it? Now
Where am I? Here

Now I am ready to open up my charts!

Happy Trading!!

Here and Now

Trading is for real and like I have said on numerous occasions, trading is a business. Why then do so many traders treat their activities like a hobby? True, we all have different levels of commitments and goals, but it is our money and that alone should lend a bit more seriousness than a hobby!

As a trader and a success coach to other traders, I see the full range of errors. I am just as guilty as all the other traders and must be constantly monitoring my activities to keep my trading demons at bay. It is all about awareness.

One of the common mistakes I see traders make is not staying in the present. What I mean by that is that when you are sitting down in front of your computer you must stay in what I call the here and now. Being present and focused on the task at hand (trading) is a big part of your trading edge. Just like a golfer preparing for golf shot, I spend the first 15 minutes of trading day getting my mind in the here and now. I start by reading my personal mission statement (out loud), followed by my trading rules and affirmations. I end this preparatory time by saying the following statement:

What time is it? Now
Where am I? Here

Now I am ready to open up my charts!

Happy Trading!!

The Final Countdown

THE COUNTDOWN IS ON!!

We are pleased to announce that coming soon is the launching of the Forex Journey Website which features:

Live Market Training

One-on-One Coaching

Personal Self-Mastery in Trading to Your Strength

Live Workshops

Online Webinars and much more...

I have seen so many traders look for the "Holy Grail" of trading inside the latest and greatest strategy without realizing that the true path to success in the market lies within.

The goal of our website is to teach traders to manage 3 Key Elements: their trade through sound strategies and approaches, themselves through identifying their true trading personalities and trading to their individual strengths (no one size fits all here!) and lastly, through strong money management principals.

What makes us different? We put the trader at the center and craft success around the individual student.

Stay Tuned for our April Launch!!Join us in our Forex Journey!

The Final Countdown

THE COUNTDOWN IS ON!!

We are pleased to announce that coming soon is the launching of the Forex Journey Website which features:

Live Market Training

One-on-One Coaching

Personal Self-Mastery in Trading to Your Strength

Live Workshops

Online Webinars and much more...

I have seen so many traders look for the "Holy Grail" of trading inside the latest and greatest strategy without realizing that the true path to success in the market lies within.

The goal of our website is to teach traders to manage 3 Key Elements: their trade through sound strategies and approaches, themselves through identifying their true trading personalities and trading to their individual strengths (no one size fits all here!) and lastly, through strong money management principals.

What makes us different? We put the trader at the center and craft success around the individual student.

Stay Tuned for our April Launch!!Join us in our Forex Journey!

Free Forex Signal 30/03/2007

Gbp/Jpy
GJ is currently going to shitf from uptrend to downtrend. Currently at 2nd swing. Hopefully this swing will be the last before a new trend emerge. Possible entry for GJ:

Short GJ @ 231.65 or better
Possible ceiling for GJ is @ 232.35
Entry window = 231.65 - 232.35
Stop Loss: Own your own.

Eur/Jpy
Possible entry for EJ:
Short EJ @ 157.43 or better
Possible ceiling @ 157.55
Entry window = 157.43 - 157.55
Stop Loss: Own your own

Gbp/Usd
GU is not in full swing mode for the past 8 days. Uptrend already broken but currently refuse to go down. Most probably it will go down but there is a possibility that it will gain momentum after the drop to create another uptrend. Trade with care. Possible entry:
Short GU @ 1.9646
Possible ceiling @ 1.9733
Entry window = 1.9646 - 1.9733
Btw, it looks like GU is going to swing up one more time before finally going down. Watch out.

Eur/Usd
This is a difficult one since Euro is getting strong lately. If EU is going down it will not be by that much compare to GU. Possible entry:
Short EU @ 1.3347 or better
Possible ceiling @ 1.3378
Entry window = 1.3347 - 1.3378

Happy trading. I cannot be held responsible for any loss.