Market Forecast 03-16-12

Euro Analysis and Trade Setups

EURUSD Trade 1 = Buy at 1.3106 stop to open, use a stop loss of 1.3063, move the stop to break even at 1.3132, while exiting 1/3 to 1/2 position. Exit remaining positions on the pair at 1.3153 limit, or trail 1/2 to 1/3 of currency position up to a limit price of 1.3172 to exit.

EURUSD Trade 2 = Sell at 1.3063 stop to open, use a price of 1.3100 as the stop loss, move stop to break even at 1.3049, while exiting 1/3 to 1/2 position. 

Exit the remaining positions on Euro-US Dollar currency pair at a 1.3014-limit, or trail 1/2 to 1/3 of position down to a price level of 1.2998 limit exit. See the 4-Hour MT4 Chart below with the Euro Forecast.

EURUSD Chart and Trade Setups for March 16

Dow-US Stock Market

DJI: The daily-Dow (DJI) forecast chart below shows the index is likely in a Wave 5 advance, to be followed by a larger sell off shortly (pun intended). Look for intraday reversals on the trend on the 15-30 minute charts for shorting opportunities on Friday (03/16/12) or Monday (03/19/12).

Higher Risk Trade: DJI: sell at 13,098 stop to open,  use 13,251 stop loss, move stop to break even at a index price level of 13,029, while exiting 1/3 to 1/2 position. Exit remaining positions on the index at 12,903 limit or trail 1/3 of position down to 12,605 limit exit.

Dow Stock Market Forecast for March 16

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3 Responses to Market Forecast 03-16-12

  1. Talalas1943 says:

    Well should I consider my application [Talal yousef mohammad} in process

  2. Anonymous says:

    Hi Talal. I’m not sure which application you are referring to. In what part of Forex Day Trading did you complete the application and what happened when you pressed the button to submit it? Did another page come up?

  3. Talal Mohammad says:

    Is my application under process

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