How to gain a profit on the EURUSD

The EURUSD is bearish. The currency rate has decreased about 55 pips from the of 1. July 2012. 

But is it still possible to gain a profit on the EURUSD at the moment? Yes, it is still possible. I went though the 5 minutes chart on the EURUSD the 19. of July 2012 from 10:30 in the morning until 14:45 in the afternoon. My trading tools were the Bolling bands as a primary trading tool and the stochastic as a secondary trading tool.

The first trading signal was at 10:45 until 12:00. The currency rate rose 47 pips from 1.2266  to 1.2313.  On the chart is 2 sell signals as the upper band crosses the price bar. But as the bars first turned red at 12:00 the trade lasted until 12:00.

The second trading signals was at 13:30. The trade lasted until 13:45. The currency rate rose 18 pips from  1.2284  to 1.2302.  

Is it possible to gain a profit on the EURUSD?

The EURUSD is under pressure. It has reached its lowest since June 2010. I was searching on the internet and saw the article EUR/USD Outlook July 9-13 written July the 11 (2012). At the end of the article is a technical analysis concluding that the market is bearish.

But is it possible to gain a profit on the EURUSD where the market is falling?

The answer is that traders have possibilities to find profit in the market on the EURUSD as Forex trading is to find fluctuations in the market. Just study the EURUSD charts and you will realize that the market is in a downtrend but the currency rate is also rising.

On my blog and in one of my articles I have written about the trading strategy BollingBands and the stochastic indicators as a trading strategy. On my blog is also a link to the Alligator trading strategy.  

I was at the PLUS500 trading platform July the 12 (2012). I went through the 5 minute chart using the Bolling Bands and the stochastic indicators as trading indicators. The two indicators showed that there was a trade between 9:25 to 10:25. The rate rose 12 pips from 1.2213 – 1.2225. There was another trade again from 10:55 to 11:30. The rate rose 7 pips from 1.2216 – 1.2223.

Watching the Alligator indicator shows that the first trade doesn’t meet the Alligator indicator but the second trade does meet the Alligator indicators rules.

Bullish and Bearish market illustrated in a video

Trends in the market can be Uptrend, downtrend and sideways movement.

In this video I found on Youtube.com is an Uptrend, downtrend and sideways movement illustrated. An Uptrend is also called a Bullish market and a downtrend is called a Bearish market.