As mentioned in the members Weekly forecast we have to see if we have hit a bottom as we have possibly an uptrend starting here again. In any event prices arnt really moving much right now so similar to yesterday watch for a break of A followed by a failure to break back above A […]

We had a couple of nice candlestick alerts today on the USDJPY and the GBPUSD so I’m posting the charts below to show the candlestick formations and the Alert Window of the Traders Edge. Firstly the GBPUSD  : Above is the Alerts Window in the members part of the website and shows the alert for […]

For the short term we have 2 places to watch A and B on the chart. the downtrend line and 1.36. As i type this the market has just opened below 1.36 so we need to watch to see if this move is going to be sustained . in other words watch to see what […]

Lovelly drop today  for those who were short , congrats to those who were. For today look for a retracement before going short ,back up to the sloping downtrend line B. also look at 1.3950 as a possible retracement point , however I would want to get in higher as your stops are going to […]

Candle Stick signals again paved the way today with 3 bearish engulfing candles and a failure to break back above A on the chart. The price action had a go with the bullish hammer as shown but even though there was spikes above prices did not close back above after the first bearish engulfing candle. […]

As marked on the 4hr chart, yet again the sloping trendline  (A) and the 1.41 level (B) held the price below it not once but twice today .Tricky to actually trade off that though but on the 1hr chart we see some trade signals marked by a couple of candle stick patterns. So looking at […]

Hope everyone got on ok with yesterdays signal and made some pips on that drop. Onto today.On the 4 hr chart Ive put a downward trendline in and as you can see all the tops line up nicely . So in theory we will drop back down again off that trendline . Before we go […]

Classic candlestick action a short while ago on eurusd. Signal this morning was to short down from 1.42 on a candlestick alert. As shown in the  live alert feed  (pic below) there was a bearish englufing  alert on the 30 min to go short , you should also have spotted the additional failure to break […]

This pair continued to fall today pretty much in tune with the stock market but not at the same rate. Todays signal is to look for shorts on rallies , if we have come to the end of the 5th wave on the 4hr chart then place to look is either 1.41 but preferably 1.42. […]

Looking like 5 waves down on the 4hr chart . If we have finished the 5th wave between here and 1.41 look for a rally then a short down from the 1.42 to 1.4250 zone. Which would be following the 4hr downward trend. We seemingly have also broken the longer term uptrend marked B on […]