Blog – Page 325

December 8
2007

Forex Technical Analysis for 12/1012/14 Week

EUR/USD trend: sell.GBP/USD trend: sell.USD/JPY trend: buy.EUR/JPY trend: hold. Floor Pivot Points: Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4286 1.4405 1.4531 1.4650 1.4776 1.4895 1.5021 GBP/USD 1.9598 1.9889 2.0096 2.0387 2.0594 2.0885 2.1092 USD/JPY 108.01 108.78 110.23 111.00 112.45 113.22 114.67 EUR/JPY 158.77 159.83 161.76 162.82 […]

December 7
2007

EUR/USD Unconcerned with U.S. Employment Data

EUR/USD was mainly ranging today as the markets were undecided whether it is going bullish or bearish expecting the release by U.S. BLS on the November employment situation. After quite optimistic release came out dollar bulls took their ride for a while, but then euro bulls started to push EUR/USD back up keeping it slightly above the average daily range. Nonfarm payrolls — the main indicator of the U.S. employment […]

December 6
2007

Offset Trading Strategy E-Book

Another Forex strategy e-book can now be downloaded from my site, it is Offset Trading by Dana Martin. This e-book isn’t very bright, but describes one of the most potentially profitable Forex trading strategy — range breakout trading on news releases. After 2–3 pages of actually describing the strategy it becomes a some sort of advertisement for MB Trading broker and their trading platform. But I can assure […]

December 5
2007

Dollar Stronger Against Euro, Pound

Dollar started to trade higher today against euro after the productivity report by the Bureau of Labor Statistics came out, as it was trading against pound sterling earlier in the morning after some bearish data on United Kingdom PMI and housing were released. Nonfarm productivity (revised value) in third quarter of 2007 increased unexpectedly well — by 6.3%. Previous value was 4.9% and the analysts’ expectations averaged at 5.8% growth. This indicator […]

December 4
2007

New MetaTrader Indicator

I’ve added a new MT4 indicator — Var Mov Avg — based on the varying period moving averages crosses. It can be used as a current trend indicator and can be very good on the trendy markets. On the flat market it will show some bad picture, but it can be filtered out. This indicator also produces a sound alert every time it detects a trend change.

December 3
2007

MetaTrader 4 Expert Advisors and Indicators

I’ve reworked the MetaTrader expert advisors page significantly, removing more than a half of the expert advisors that were poorly tested earlier and aren’t profitable according to my new test results. I’ve been testing all the expert advisors on the period from 11/19/2006 to 11/19/2007 and EAs that were successful on this period I also tested on a 11/19/2004 to 11/19/2007 period to confirm their results stability. All backtests had 90% testing quality. […]

December 2
2007

Carnival of Forex Trading December 2, 2007

Welcome to the December 2, 2007 edition of Carnival of Forex Trading. ATradeADay presents What kind of trader are you? posted at A Trade A Day, saying, “Does your method have an edge? Are you a swing trader because it works? Or do you day trade because it sounds cool…” Sagar presents 7 Countries Considering Abandoning the US Dollar (and what it means) posted at Currency Trading.net. GiselleS presents […]

December 1
2007

Forex Technical Analysis for 12/0312/07 Week

EUR/USD trend: sell.GBP/USD trend: sell.USD/JPY trend: buy.EUR/JPY trend: hold. Floor Pivot Points: Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4258 1.4443 1.4537 1.4722 1.4816 1.5001 1.5095 GBP/USD 2.0154 2.0343 2.0453 2.0642 2.0752 2.0941 2.1051 USD/JPY 104.52 105.87 108.53 109.88 112.54 113.89 116.55 EUR/JPY 155.66 157.51 160.13 161.98 […]

November 30
2007

FXcast Offers Corporate Accounts

FXcast Forex broker announced today that it is now starting to accept corporate Forex trading accounts, providing full array of required paperwork. A legal company trading account can allow some successful Forex traders to create managed pool accounts based on FXcast brokerage. So, if you think you are good at Forex trading and view yourself as an entrepreneur you can try opening your own […]

November 30
2007

Another Day of Weak U.S. Statistics

Euro tried to regain some of its strong positions against U.S. dollar today after some new weak economical statistics regarding personal income and spending were released to the financial market traders. But after construction spending and very optimistic PMI reports were released dollar started to press on euro and EUR/USD returned to its daily open value. The most notable are the personal income and personal consumption expenditures (PCE) […]