Monday, July 23, 2012

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.