forex4noobs

PRO
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About me Full time Forex trader specialising in Price Action analysis.
Joined United Kingdom forex4noobs
Markets Allocation
100 % forex
Top Mentioned Symbols
EURUSD 57% | 4 EURJPY 14% | 1 GBPAUD 14% | 1 GBPUSD 14% | 1
forex4noobs forex4noobs PRO EURJPY, 480, Short ,
EURJPY: Potential short @ 123.96, Stop @ 124.68, Target @ 122.10
1172 15 24
EURJPY, 480 Short
Potential short @ 123.96, Stop @ 124.68, Target @ 122.10

If sellers push down to 123.96 on EUR/JPY I will likely enter short. This is a basic price action reversal setup. I may change my entry, target, and stop before this trade triggers.

forex4noobs forex4noobs PRO EURUSD, D, Short ,
EURUSD: Potential short @ 1.0990
1103 20 27
EURUSD, D Short
Potential short @ 1.0990

I see potential for a short if price breaks the 1.0990 There are a few requirements that need to be met before I would consider this trade. The current candle needs to close as indecision, it looks like indecision now, but it has yet to close. The new daily candle should not push higher than 1.1055 .

forex4noobs forex4noobs PRO GBPAUD, D, Short ,
GBPAUD: GBP/AUD Daily Chart Short @ 1.5550
1495 2 5
GBPAUD, D Short
GBP/AUD Daily Chart Short @ 1.5550

This is a test trade. I have never traded GBP/AUD so I am testing this short with a very small position. This short is based on a bounce from resistance. It appears sellers are entering the market at this point. The target is subject to change at any time. As this is a new pair for me I may need to adjust my target several times during the trade.

forex4noobs forex4noobs PRO GBPUSD, D,
GBPUSD: Possible bullish reversal on GBP/USD Daily
1431 2 7
GBPUSD, D
Possible bullish reversal on GBP/USD Daily

We could possibly see a bullish reversal if the current GBP/USD daily candle closes like this. We have indecision forming on top of support. This indicates buyers are entering the market. It is too early to discuss entries right now, will update if the current candle closes well. Nick forex4noobs.com

forex4noobs forex4noobs PRO EURUSD, 240,
EURUSD: EUR/USD 4H Analysis
2783 0 4
EURUSD, 240
EUR/USD 4H Analysis

For more analysis visit my blog at http://www.forex4noobs.com/forex-blog Some updated analysis for Monday the 17th of December 2012 If buyers manage to break this weeks high at 1.3187 we should see a nice rally on EUR/USD. ----Spelling mistake on the red text at the top. I mean't to write 'short reversal'.---- ----Please note this is analysis, not a trade ...

forex4noobs forex4noobs PRO EURUSD, D,
EURUSD: Possible EURUSD Short
1946 2 7
EURUSD, D
Possible EURUSD Short

Possible short reversal from resistance coming up on EUR/USD. Keep in mind resistance can break. I am not saying I will definitely short. I am saying IF the right set up forms I will consider entering a short. We have seen several bounces from the 1.3130-1.3150 recently. It is important to note that each bounce has been progressively lower than the last. This ...

forex4noobs forex4noobs PRO EURUSD, 240,
EURUSD: EUR/USD 4hr
1082 3 5
EURUSD, 240
EUR/USD 4hr

Possible short reversal forming on $EURUSD depending on 4hr close. http://bit.ly/UcQ0PJ

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