omboua

Omboua... The trend in EURUSD is deffinately downward until further notice... so short is the way to go in that pair, but just be careful of any whips upward in price, be tentative and cover yourself if you happen to see price moving against you. If it moves up.. Sell it again at a higher price !

As for GBPJPY, that pair is also in a major bearish trend in a large wave 5 down on the monthly chart, regardless if you see a bullish reversal on the shorter time frames, keep in mind the bigger picture and do not get bullish ! Let price run to the up side if you think it's going to go up, sell it at higher prices this way you're in the direction of trend and not taking on excess risk trying to fight the trend.

thank you so much for what you said:)
i took a position right now on eur/dollars at 1.3652 for a break of 2004 peak on weekly chart
my first target is 1.3365 ( decembre 2006's high).
what do you think ?

If you have any questions I'm always glad to help. ;)

I don't even know what IFR forex watch is.. LOL So I can't help you there.. All my analysis is done for me, by me, and I trade based off my analysis. I would never trade off any kind of computer generated signal if thats what IFR forex watch is. In order to be successful I believe you must do your own analysis, have greater patience than most people, and believe that you are right ! Always try to trade in the direction of the longer term trend direction too !

I wish you good luck with your first live account ! Don't be greedy ! Riches will come in time ! Trade small and have patience, and only add to a winning position once you have a stop at break even or better on any exsisting positions ;)