Forex Day Trading - Pounding by USD on all the currency pairsDid you notice what happenned to forex market in last 4-5 days? Yes..The big USD has hit back on all the currencies..No exceptions (There is one - JPY).EUR/USD dropped by 350 pints, GBP/USD dropped by 450 and so on and so forth. This was an excellent opportunity to make some great forex pips. I placed trade on EUR/USD and made 155 pips. The market was really great trend wise.The technical indicators were all holding up - there was a massive MACD divergance on daily chart, the EMA, the stochastic and RSI, all were confirming USD bullishness.

The only thing left to be done was to follow a strong trading system and make good profit using good entry and exit points.


NFP today impacted the EUR/USD

Today Non Farm Payroll were announced. As always it caused some ripples in the market and that set the market in motion. EUR/USD especially broke out of the range which it was in for last 2 days.If you llok at today's NFP announcement, it led to a partial bullish candle on 1 hr chart. After the candle closed at 9 AM EST, the next candle closed outside the highest of the 8 AM candle.

That was a huge bullish signal to trade.Also this forex signal can be considered to be even more stronger considering that the currency pair broker the 200 EMA.Thats the point when I entered the trade with a very conservative target of 30 pips which is because this is Friday and market will close very soon. With in next candle my limit order was reached and I ended with 30 pips profit.Though not very popularly followed, the candlestick analysis is very important and useful.

Thanks all in this session.. Visit again to learn more on forex trading.

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