a WordPress rating system

EURO technical chartEURUSD is really in problem with its continuing downside correction. Issues like Ireland problem, and latest Korea problem can give severe jerks to it in coming days. But who cares for fundamental issues when we can analyze technical chart in simple way.

 

Here is EURUSD chart on time frame H1 for 24 Nov. 2010

EURUSD Technical Chart

 

I'm using here Doda-Donchian indicator posted earlier few days back. The price closes below Doda-Donchian line on 22-Nov-2010 at 13:00 and that was signal for short-selling. The result is around 300 pips profit in 2 days. Not bad at all.

Just want to add one more line here. Investors are generally afraid of using higher time frame like H1 or H4 and stick to M15 or even M5 chart. The result, you very well know, is loss of money and confidence. Just open your mind and try to learn something new. You can always try these on your demo account before you apply them on real account.

Got any queries. Ask now and I'll be happy to answer them.

Technical Chart of EURUSD - 24 Nov 2010, 9.5 out of 10 based on 2 ratings

 




Subscribe Updates, Its FREE!

Email ID:



+Admin

admin November 24, 2010

Those who found this page were searching for:

300 pips oscillator,forex best donchian prices channel,donchian price channel web,gann square of 9 24 all mt4,adx buy sell target and stop loss mt4,300 Pips Forex Oscillator,DONCHIAN FILTER mql4,charts 24 11 10,300 pips on stock chart,mq4 and market equilibrium
(Visited 18 times, 1 visits today)