Obsidian

AUD Chart (Weekly CFTC Commitments of Traders Report)

CAD Chart (Weekly CFTC Commitments of Traders Report)

CHF Chart (Weekly CFTC Commitments of Traders Report)

JPY Chart (Weekly CFTC Commitments of Traders Report)

GBP Chart (Weekly CFTC Commitments of Traders Report)

EUR Chart (Weekly CFTC Commitments of Traders Report)

imvho placing stop-loss is not a very good idea for every trade/trader. your timing entering the trade, your strategy, s/r levels, trendlines etc, there are too many factors to consider. I also agree what smmatrix said: "Trading is a business of probabilities, and we can only put the odds in our favor using our skills and tools, but still, nothing is assured. Not even close!"

NFP Jobs data is better than expected but the trade deficit widened...anyway seems like "buy $, wear diamond" next week

What is moving the markets: U.S. Trade ($ bln) January 2012 -52.57 vs. -49.0 exp. vs. -50.42r prev. Canada Trade (C$ bln) January 2012 +2.18 vs. +2.00 exp. vs. +2.69 prev.

I have a feeling that today will be an interesting day most pairs are around s/r levels...lets see how the week will end...

EUR/USD: The pair was pretty bullish yesterday and managed to close above daily moving average(100). The latest news about Greece was positive and The ECB signaled that it won’t cut interest rates further. The euro is being bought because Greece is overcoming a hurdle but of course we need to see the announcement and more details before making any decisions. Today, there is a good chance that markets will turn their focus to the U.S. economy. I expect today’s range will be between 1.3320 and 1.3240 ahead of the release of U.S. employment data. If the pair can stay above 1.3240 there is a strong possibility that we will test 1.3320 resistance. Above that level, I will look for 1.3390 and 1.3480. However, if the bears take over the control and bring the pair below 1.3240, we will head to 1.3160 again. GBP/USD: The cable climbed yesterday after it passed the first barrier at 1.5765. It is quite possible that the pair will continue its bullish tendencies (if it can stay above 1.5790) and try to test the next resistance at 1.5880. But if the pair falls below that line, we will head back to 1.5765/35 zone. AUD/USD: The latest report released by the Bureau of Statistics showed Australia's trade balance unexpectedly turned to a deficit. AUD/USD needs to pass 1.0690 level in order to continue rising but it may be hard. I think we will spend some more days between 1.0690 and 1.0550. USD/CAD: USD/CAD fell back to 0.9900 line after it failed to stay above the parity. If the pair can’t move above 0.9930 during London session, I think it is highly possible that the pair will test 0.9850 support today. If the bulls can push the pair above 0.9930 level again, we will test 1.00 level next week.

Very nice summary for beginners

hi and welcome to the TL community...

don't believe everything you heard...

it is my pleasure visiting this thread:) I use ichimoku clouds on 4h to follow the trend and look for breakouts. My time frame is between 4h and 30mins

Nice and informative

I don't have any open positions now but I think we may see 1.0640 or 1.0690 before another dive

it would be more informative for readers if you would share your idea and show the real deal... not impossible but still depends on your broker imo

EUR/USD: The EUR/USD has managed to stay above 1.3100 and climbed slowly but the pair couldn’t pass 1.3160 resistance. There are important events today so the market may stay calm during the Asian session. Investors will focus on the ECB policy decision and participation in the Greek debt swap. Reports about Greece's debt restructuring efforts made some progress stopped the euro from falling deeper. A positive outcome should clear the way for the next aid package and help Greece avoid a messy default. However, any suggestion the deadline might be extended would probably disappoint the markets. It is quite possible that the pair will continue its bullish tendencies on hopes but the bulls have to move above 1.3160 first. If the pair can pass and stay above this level, the pair may test 1.3240 resistance first, next though resistance will be waiting the bulls at 1.3220. If the pair fails to stay above 1.3160, we will eventually go below 1.3100 and test 1.3000. GBP/USD: It seems that the bearish action on the GBP/USD ended temporarily. The pair was able to stay above 1.57 support but it is still below an important resistance at 1.5765. BoE policy decision today will probably send the cable either above 1.5765 or below 1.5700. If the bulls can pass 1.5765, 1.5810 and 1.5880 will be the next resistance levels ahead of them. If the pair falls below 1.5700, we may see 1.5640 in a short time. 1.5560 is the next support below that. AUD/USD: Even though employment figures were worse than expected, AUD/USD managed to stay 1.0550 level so far today. This level is also the 23.6% fibonacci level based on the bullish run from 09662 to 1.0850. As a result I think that the pair will make an attempt to pass 1.0600 resistance first. If the pair can break this level, the bulls may have a chance to test 1.0690 resistance. If the pair closes today below 1.0550, then it will head to 1.0440. USD/JPY: After failing to break the 82 line the pair fell back and found support at 80.60. The pair may consolidate between 81.85 and 80.60 this week before we see a breakout. If the pair makes a close above 82, look for 94. On the down side, watch for support at 80.60 and 80.25.

it depends on time frame I think...Besides trends usually refer to longer time frames

trading platform and offering trade copy service are different things but feel free to call it whatever you want;)

if you are a beginner, do not use leverage at all

EUR/USD: The pair continued its bearish trend yesterday. The market is nervous ahead of the key March 8th deadline for Greece's PSI debt exchange. The Greek debt issue and eurozone’s weaker growth figures fueled a drop on the euro. The pair paused its decline by the 1.31 resistance zone. Today the price is slightly bullish during the Asian session and likely to make one more push at least to break 1.3160. If the bulls manage to pass this level, look for resistance at 1.3200 and then 1.3240. The market will be favoring “sell on rallies” until the pair trades above 1.3270 again. Today’s support levels are located at 1.3100, 1.3055 and 1.3000. GBP/USD: GBP/USD fell hard yesterday and found some support at 1.5700 level. We see that price has been rising slowly so far today. I would expect to see some retracement before falling further. On the way down the pair will encounter more support at 1.5700 and 1.5650 while the upside will see resistance at the daily pivot level of 1.5763 and daily resistance at 1.5810. If the pair makes a daily close above 1.5810, the scenario would turn to bullish. USD/CHF: USD/CHF reached 0.9200 level again but it may take some time break that level. Previously the pair had traded within 0.9250-0.9100 range for 3-4 weeks. Now we are back to the same levels. I am neutral on this pair until it closes above 0.9250 or below 0.9100. USD/CAD: 1.00 level should be supportive for the bears at this point. It is possible that we will retest 0.9960 as a support before the pair turns north and try to break 1.0050 resistance. If the bulls take over and push the pair above 1.0050, 1.0130 will be the next target. To the downside, there will obviously be support at 0.9960 and 0.9900.

majority of personal traders don't have any programing skills

Ivey PMI historical chart: