Blog – Page 284

April 16
2009

EUR/USD Forms a Doji Pattern

EUR/USD traded both down and up during todays Forex session. The U. S. fundamental reports didnt bother the Forex market much; it just continued to move with the current risk-averting trend. EUR/USD is now trading near 1.3204. Building permits in U.S. were at a seasonally adjusted annual rate of 513k in March — down from 564k (revised up from 547k) in February. Housing starts were at 510k compared to 572k (revised down […]

April 15
2009

EUR/USD Falls for 2nd Day as News Extend Recession Expectations

EUR/USD continued to trade in the negative zone today before and after the major fundamental reports in U.S. All reports showed either recession-signaling factors for the U.S. and the worlds economy or the purely U.S. dollar friendly values. EUR/USD is now trading near 1.3186. CPI (Consumer Price Index) fell by 0.1% in March after rising by 0.4% in February. It was expected to go up by 0.1% in March. Empire […]

April 14
2009

Euro Down as Dollar is Sought After Bad Fundamental Reports

EUR/USD declined for the first time since Thursday today before the fundamental reports from the U.S. showed that the American economy is still quite weak and isnt yet recovering from the recession. The currency pair is currently trading near 1.3265. PPI (Producer Price Index) decreased by 1.2% in March, following 0.1% gain in February. The analysts expected it to remain unchanged last month. […]

April 13
2009

New Broker for the List Wall Street Brokers

Wall Street Brokers is the new on-line Forex brokerage company that was added to the Forex broker list on my site today. Its a somewhat strange broker that is registered in the United States but isnt regulated by any institution there. It went on-line in 2008. Other highlights of this broker: Forex, CFD, gold, silver, oil and futures trading Credit card, Moneybookers or wire transfer for deposits and withdrawals […]

April 12
2009

Not So Squeezy Trading Manual and Indicators Package

Today I uploaded a trading strategy manual and the corresponding MetaTrader indicators for the Not So Squeezy Forex strategy. The manual is a 21-page long ebook that describes the method of the strategy and the indicators that are required for it. Its not a very complex strategy and I can even recommend it for the newbies traders. The indicators package consists of the the required indicators plus […]

April 11
2009

Forex Technical Analysis for 04/13—04/17 Week

EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: hold. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2497 1.2793 1.2990 1.3286 1.3483 1.3779 1.3977 GBP/USD 1.4132 1.4356 1.4511 1.4734 1.4889 1.5113 1.5268 USD/JPY 97.09 98.20 99.22 100.33 101.34 102.45 103.47 EUR/JPY 123.18 […]

April 10
2009

The Way to Trade Forex by Jay Lakhani

Jay Lakhani is a successful Forex and stock trader with a great experience as a mentor for the newbie Forex traders. He believes that the traders psychology and the money management basics should receive much more attention during the learning process than the usual market theory. His book «The Way to Trade Forex» is a good starters choice for the unexperienced Forex traders as it may put the […]

April 9
2009

Euro Posts Small Gain as Economic Conditions Improve

EUR/USD is currently trading with a small daily gain after a rather weird volatility demonstrated yesterday (it posted long spikes both up and down but closed near the open level). The U. S. fundamental released are quite optimistic. Although they should benefit U.S. currency more, the whole risk-aversion decrease favors such currencies as the euro more than such as the dollar. EUR/USD is now […]

April 8
2009

Dollar Grows against Euro for Third Day

EUR/USD is falling for the third day today. Its currently in the red zone but the most of the daily fall is in the past — in a form of a rather long downward spike. Traders expressed almost no reaction to the todays U.S. fundamental news. EUR/USD is currently trading near 1.3229. Wholesale inventories were down by 1.5% in February compared to Januarys level. A 0.7% decline was reported a month ago. Market participants expected a 0.6% […]

April 7
2009

Trailing Stop in MetaTrader 4

Trailing stop allows you to automatically protect the profits with your positions. It adjusts itself according to the current market rate and the amount of pips you give it to trail behind. Trailing stop is a great tool for the conservative and long term traders as it easily creates protective «airbag» for the trades. There are two basic ways to set the trailing stop in your MetaTrader 4 platform — use the built-in tool and attach a special EA that will apply a single […]