Blog

October 28
2008

Dollar Allows EUR/USD to Go Up and Pare Yesterday Gains

EUR/USD rose today for the first time after two days of decline as the decline of risk-aversion in the global economies caused the break in the current Forex trends. The fundamental from U.S. were very pessimistic today and probably won’t allow this break in the dollar and yen appreciation to hold for long. Consumer confidence dropped significantly in October — from 61.4 to 38.0 — that’s 38% drop in a single month; […]

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October 27
2008

Protecting Yourself from Financial Crisis with Forex

During the ongoing global financial crisis traders and investors leave behind the question «How to make money?» and start asking another question — «How to save money?». In my opinion, the current situation on the Forex market allows combining those two question into the one, because with the right strategy you can start earning on the crisis — earning enough to protect yourself from […]

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October 26
2008

Range Pull-Back Expert Advisor for MetaTrader 4

Now you can download a new free profitable expert advisor for MT4 platform. I had received it by e-mail from one of my site’s visitors and after making some minor changes (the initial version had OrderSend Error 130 popping up on too many brokers) I’ve uploaded it to the site. This expert advisor was created by some Russian-speaking developer and is called Otkat (which, if translated to English, means Pull-Back). This EA is based on the intraday range pull-backs. It checks for the entry points […]

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October 25
2008

Forex Technical Analysis for 10/27—10/31 Week

EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: sell. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.1204 1.1850 1.2237 1.2883 1.3270 1.3916 1.4303 GBP/USD 1.2697 1.3983 1.4945 1.6231 1.7193 1.8479 1.9441 USD/JPY 77.85 84.38 89.34 95.87 100.83 107.36 112.32 EUR/JPY 84.23 […]

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October 23
2008

EUR/USD Slows Down in Its Fall

EUR/USD is currently down at an unusually slow rate after declining for four days at a rather fast pace. It looks like the markets aren’t yet ready for a stronger growth of dollar and need to wait a little time before continuing a strong bearish trend on EUR/USD currency pair, which is now trading near 1.2807 level — such rate was unimaginable to the Forex traders just 3 months ago. Initial jobless claims […]

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October 20
2008

$30 Bonus from InstaForex Broker

InstaForex announced last Friday that it has started a new promotional campaign for the new and old customers, offering free $30 to the newly open trading accounts. That so called «$30 Welcome Bonus» can be given to anyone who opens a new account — both old and new customers are allowed to open an account to participate in this campaign. The bonus can be received only once in 3 month by every trader. […]

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October 19
2008

Money Management Strategies for Serious Traders

Money Management Strategies for Serious Traders by David Stendahl is a new addition to the money management Forex books listed on my site. The importance of the money management is often underestimated by the traders irrespectively to their proficiency level. What this short ebook is trying to explain, is the necessity of the integration of the money management principles into your trading system. Money management can’t be left unnoticed, the risk/reward ration […]

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October 18
2008

Forex Technical Analysis for 10/20—10/24 Week

EUR/USD trend: hold. GBP/USD trend: hold. USD/JPY trend: hold. EUR/JPY trend: hold. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.2823 1.3084 1.3246 1.3507 1.3669 1.3930 1.4092 GBP/USD 1.6233 1.6580 1.6930 1.7277 1.7627 1.7974 1.8324 USD/JPY 95.83 97.55 99.61 101.33 103.39 105.11 107.17 EUR/JPY 124.69 […]

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October 16
2008

EUR/USD Slightly Down after a Series of U.S. Macroeconomic Releases

EUR/USD went down slightly today after several important macroeconomic reports were released in the United States. With the indicator values being more negative for the dollar, the decline of the EUR/USD currency pair was more probably caused by the growth of the risk-aversion among the Forex traders. Consumer price index remained unchanged in September after declining by 0.1% in August. It was expected […]

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October 15
2008

EUR/USD Down a Bit in Sideways Trend

EUR/USD went down slightly today after the bad fundamental data was released in U.S. The currency pair is still trading in a sideways daily trend that started on October 6. Dollar grows despite the poor macroeconomic statistics from U.S., because any bad market information is actually good for dollar in the time of crisis. EUR/USD is currently trading near 1.3613 level. NY Empire State Index that measures […]

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