Blog – Page 305

August 6
2008

Statistical Forex Systems

Statistical Forex system is a system that relies on the information which was previously collected from the market and the amount of this information is proportional to the period of time, on which the market is analyzed. Common input parameters optimized over the period of time arent considered as the statistical information, thus not every optimized system or expert advisor is statistical. Statistics is collected into a special file in a format that […]

August 5
2008

Dollar Stronger Before FOMC Decision, Gave Up Somewhat After

EUR/USD had a very big drop today as the stock markets grew in U.S. and the Forex traders expected positive decision from the FOMC monetary policy. ISM report also supported the greenback today with an increase in its index, but the main news was the interest rate decision and (more important) the statement released by the Federal Reserve. After the release […]

August 4
2008

EUR/USD Trading Mostly Sideways Before FOMC Meeting Day

EUR/USD is little changed today even as some important statistical indicators are released in U.S., because traders are waiting for the FOMC interest rate policy statement that is scheduled for tomorrow. The currency pair opened at 1.5574 and is currently trading near 1.5603. Personal income rose 0.1% in June after 1.8% (revised down from 1.9%) growth in May. The consensus forecast for June was […]

August 3
2008

A Set of New Forex Articles

Three new articles from the author that is well-presented on my site were uploaded today. Marquez Comelab writes mostly about obscure topics related to the Forex trading. I can recommend the following articles for both experienced and beginning Forex traders: The Power of Small Consistent Returns — Explains the difference between earning small and large consistent returns over the long periods of time. […]

August 2
2008

Forex Technical Analysis for 08/04—08/08 Week

EUR/USD trend: sell. GBP/USD trend: hold. 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 1.5210 1.5363 1.5463 1.5616 1.5716 1.5869 1.5969 GBP/USD 1.9422 1.9575 1.9663 1.9816 1.9904 2.0057 2.0145 USD/JPY 106.09 106.69 107.18 107.78 108.27 108.87 109.36 EUR/JPY 164.05 […]

August 1
2008

Dollar Strengthens Despite Continued Decline in Employment

EUR/USD declined today from 1.5596 to 1.5560. Although the early decline was strong, the U.S. employment report disappointed many traders who bought dollars and it corrected almost a half of its earlier gains. But even after the report dollar is still trading higher against euro than it closed yesterday. Nonfarm payrolls declined by 51,000 in July — at the same rate as in May (revised up from 62,000 decline). The […]

July 31
2008

Dollar Slides on Disappointing GDP Data

EUR/USD soared up today immediately after the report on advance GDP figures for the second quarter of 2008 came out in U.S. It disappointed the investors and is currently pressing on the greenback. Employment data also came out much worse than the majority of the traders expected today. EUR/USD is currently trading near 1.5633 level after reaching as high as 1.5700 in early trading after GDP report. Advance GDP growth […]

July 30
2008

Dollar Continues to Beat Euro on Forex

EUR/USD continued to fall today after a very sharp decline yesterday. Many traders got surprised by the ADP employment report, which helped to strengthen the dollar, but the greenback gained even before the report release. This is the second day this week when EUR/USD falls. Monday gave some uprise to this currency pair, but its nothing compared to the current decline. EUR/USD is currently […]

July 27
2008

Trend vs. No Trend by Brian Dolan

I uploaded a new ebook to the Advanced Trading Books part of the site today. Its actually a rather small article than a real book — Trend vs. No Trend by Brian Dolan. It was originally published in TRADERS Magazine in 2005. It describes the advanced methods of the trend detection that would work in the undetermined trend conditions. Brian describes the trend/no trend paradox that occurs often with the standard methods of trend […]

July 26
2008

Forex Technical Analysis for 07/28—08/01 Week

EUR/USD trend: sell. GBP/USD trend: buy. USD/JPY trend: buy. EUR/JPY trend: buy. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.5261 1.5444 1.5577 1.5760 1.5893 1.6076 1.6209 GBP/USD 1.9538 1.9677 1.9797 1.9936 2.0056 2.0195 2.0315 USD/JPY 104.66 105.35 106.59 107.28 108.52 109.21 110.45 EUR/JPY 165.48 […]