Trading for a living

Good oportunities at the European opening

David Aranzabal — Fri, 19 Mar 2010 09:17:34 +0000

The GBPUSD has been in 75 pips range during the Asian session.
FIRST entry:
- At Frankfurt opening the price broke the ascending trendline, short entry opportunity. Price reaches 50% retracement Fibonacci and made a MACD divergence, time to leave.
SECOND entry:
- At European window the price broke the descending trendline, long entry opportunity. Price reaches the main descending trendline, time to leave.

Post edited by Ignacio Hernández Fradejas, technical analyst at fxforaliving.com

Post reviewed by David Aranzabal, CEO at FX for a living.com

Roller coaster today…

David Aranzabal — Thu, 18 Mar 2010 10:48:22 +0000

The GBPUSD has been in 50 pips range during the Asian session.
FIRST entry:
-   Just before the Frankfurt opening the price broke the descending trendline, long entry opportunity. Price reaches the Asian resistance, time to leave.
SECOND entry:
-   At European window the price broke the ascending trendline, short entry opportunity. We had other different opportunity to go short (THIRD entry) taking profits on the way down. Price made a MACD divergence, time to leave.
FOURTH entry:
-   At London opening the price broke the descending trendline, long entry opportunity. Only money management techniques can minimize a loss on situations like this.

Post edited by Ignacio Hernández Fradejas, technical analyst at fxforaliving.com

Post reviewed by David Aranzabal, CEO at FX for a living.com

Good opportunities at the European opening

David Aranzabal — Wed, 17 Mar 2010 11:04:43 +0000

The GBPUSD has been within a tigh 35 pips range during the Asian session.
FIRST entry:
-   Just before the Frankfurt opening the price broke the descending trendline, short entry opportunity. At European window, the price made a MACD divergence, time to leave.
SECOND entry:
-   At European window, the price broke the Asian resistance, short entry opportunity. We had other different opportunity (THIRD entry) to go short taking profits on the way down. Price reaches the main descending trendline, time to leave.
FOURTH entry:
-   At London opening the price broke the ascending trendline, short entry opportunity. Price reaches the Asian support, time to leave.

Post edited by Ignacio Hernández Fradejas, technical analyst at fxforaliving.com

Post reviewed by David Aranzabal, CEO at FX for a living.com

Nice run at the European window

David Aranzabal — Tue, 16 Mar 2010 10:07:26 +0000

The GBPUSD has been within in a tigh 30 pips range during the Asian session.
FIRST entry:
-    Just at Frankfurt opening the price broke the descending trendline, long entry opportunity. Only money management techniques can avoid a loss on situations like this.
SECOND and THIRD entry:
-    At the European window the price broke the ascending trendline, short entry opportunity. We had other different opportunity to go short, taking profits on the way down. Price reaches 1.5000, round number, time to leave.
FOURTH entry:
-    Just at London opening the price broke the descending trendine, long entry opportunity. Price reaches the main descending trendline, time to leave.

Post edited by Ignacio Hernández Fradejas, technical analyst at fxforaliving.com

Post reviewed by David Aranzabal, CEO at FX for a living.com

Start of the week: Start of the volatility…

David Aranzabal — Mon, 15 Mar 2010 09:59:54 +0000

The GBPUSD has been in 50 pips range during the Asian session.
FIRST entry:
- Just before the Frankfurt opening the price borke the descending trendline, long entry opportunity. We had other different opportunity (SECOND entry) to go long taking profits on the way up. Price reaches the Asian Resistance, time to leave.
THIRD entry:
- At European window the price broke the previous swing low, short entry opportunity. Price reaches the Asian support, time to leave.

Post edited by Ignacio Hernández Fradejas, technical analyst at fxforaliving.com

Post reviewed by David Aranzabal, CEO at FX for a living.com

Cable takes off at the London opening

David Aranzabal — Fri, 12 Mar 2010 10:44:24 +0000

The GBPUSD has been within a tight 40 pips range during the Asian session.
FIRST entry:
- Just before the Frankfurt opening the price broke the ascending trendline, short entry opportunity. The price reaches the Asian support, time to leave. At 7.36 GMT the price made new low with MACD divergence.
SECOND entry:
- At London opening the price broke the descending trendline, long entry opportunity. The price reaches the round number, 1.5100 and 161.8% Fibonacci retracement (1.5015/1.4871) time to leave. At 9.30 GMT the price made a new high with MACD divergence.

Post edited by Ignacio Hernández Fradejas, technical analyst at fxforaliving.com

Post reviewed by David Aranzabal, CEO at FX for a living.com

Today: low volatility but clear entries

David Aranzabal — Thu, 11 Mar 2010 10:20:33 +0000

The GBPUSD has been within a tight 40 pips range during the Asian session.
FIRST entry:
- At 6.30 GMT the price broke the ascending trendline from the Asian support, short entry opportunity. At Frankfurt opening the price made a MACD divergence, time to leave.
SECOND entry:
- At European window the price broke the ascending trendline, short entry opportunity. Price reaches the Asian support, time to leave.

Post edited by Ignacio Hernández Fradejas, technical analyst at fxforaliving.com

Post reviewed by David Aranzabal, CEO at FX for a living.com

Nice run at the pre Frankfurt opening (II)

David Aranzabal — Wed, 10 Mar 2010 15:38:46 +0000

The GBPUSD has been in 90 pips during the Asian session.
FIRST entry:
-   Just before the Frankfurt opening the price broke the ascending trendline, short entry opportunity. The Stop Loss was on the double bottom. At the European window the price made a MACD divergence, time to leave. Just at London opening the price made a new low with MACD divergencia, it was the best time to leave.
SECOND entry:
-   At 8.35 the price broke the descending trendline and the Asian support, long entry opportunity. The Stop Loss was below previous swing. Price reaches the main descending trendline, time to leave.
THIRD enty:
-   At 9.30 (Manufacturing and industrial production) the price broke de ascending trendline and the Asian support, short entry opportunity. Price reaches the previous low, time to leave.

Post edited by Ignacio Hernández Fradejas, technical analyst at fxforaliving.com

Post reviewed by David Aranzabal, CEO at FX for a living.com

Nice run at the pre Frankfurt opening

David Aranzabal — Tue, 09 Mar 2010 09:59:21 +0000

The GBPUSD has been in 65 pips range during the Asian session.
FIRST entry:
-   Just before the Frankfurt opening the price made a MACD divergence and it broke the ascending trendline, short entry opportunity. Price reaches the Asian support and MACD divergence, time to leave.
SECOND entry:
-   At the European window the price broke the descending trendline, long entry opportunity. We had two different opportunities to go long taking profits on the way up. Price reaches the previous high, time to leave.
THIRD entry:
-   At 8.40 GMT the price broke the ascending trendline, short entry opportunity. Price reaches the Asian support, time to leave.

Post edited by Ignacio Hernández Fradejas, technical analyst at fxforaliving.com

Post reviewed by David Aranzabal, CEO at FX for a living.com

Testing the Asian resistance…

David Aranzabal — Mon, 08 Mar 2010 10:59:27 +0000

The GBPUSD has been in 60 pips range during the Asian session.
FIRST entry:
-   At 6.30 GMT the price broke the ascending trendline, short entry opportunity. Just before the Frankfurt opening the price didn´t break the main trendline, time to leave. Only money management techniques can avoid a loss on situations like this.
SECOND entry:
-   At Frankfurt opening the price broke the descending trendline, long entry opportunity. The price made a MACD divergence, time to leave.
THIRD entry:
-   At London opening, the price broke the descending trendline, long entry opportunity. The price made a bottom formation, time to leave.

Post edited by Ignacio Hernández Fradejas, technical analyst at fxforaliving.com

Post reviewed by David Aranzabal, CEO at FX for a living.com