Blog – Page 46 – The Plot

January 4
2016

2015 Trading Results Poll

All my 2015 trades are already closed and there is no pending orders carried over into 2016, so it is time to draw a line to look at where I end another year of trading. My profitability in 2015 was way worse than in 2014. 0.2% gain is nothing to be proud of, yet it is not a loss either. In 2015, I have made 17 trades vs. 11 trades […]

January 2
2016

Weekly Forex Technical Analysis (Jan 4 — Jan 8)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0672 1.0762 1.0812 1.0902 1.0951 1.1042 1.1091 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0752 1.0791 1.0892 1.0931 1.1031 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

January 2
2016

Forex Brokers Update — January 2nd, 2016

No new brokers for the first update in 2016, but there were some minor changes to the already listed companies during the week: ActivTrades lowered the typical and minimum spreads in all accounts by 0.1 pip. ForexMart now supports deposits via Skrill, UnionPay, Paxum, and MegaTransfer. Finexo is now a part of Markets.com. Forex.com no longer offers Arabic and Russian websites. If you have any questions or comments regarding any […]

January 1
2016

Forecast for 2016 — Forex, Gold, Oil, Interest Rates

Looking back at my forecast for 2015, I see that I am quite accurate at predicting what happens to the USD, EUR, and commodities. At the same time, my long-term forecast for GBP/USD, USD/JPY, EUR/CHF, and Canadian, Australian, New Zealand interest rates turned out not as good. Contents 1 EUR/USD 2 GBP/USD 3 USD/JPY 4 EUR/CHF 5 USD/CAD 6 Oil 7 Gold 8 Interest rates 9 Final words Here I will […]

December 31
2015

EUR/USD Down in Shallow Trading Before New Year

The market had been very slow today during the early trading session but sprang to life after London opening. Although there were no economic reports in Europe today, EUR/USD had declined a little before the US reports came out. The latter were rather negative but failed to stir the currency pair. Initial jobless claims were at the seasonally adjusted value of 287k during the week ending December 26. […]

December 30
2015

EUR/USD Declines Despite Poor US Home Sales

The dollar rose against the euro today in spite of a rather poor fundamental background coming from the US and minor economic improvements reported in the eurozone. Overall, the trading range is very narrow today due to the upcoming New Year holiday. Pending home sales fell by 0.9% in November after rising by 0.4% in October (revised up from 0.2% growth). A growth of 0.6% had been predicted by the market strategists. (Event A on the chart.) US […]

December 29
2015

EUR/USD in Decline Before US Reports

EUR/USD began its decline shortly before the series of reports coming from the United States. For the most part of the day, the currency pair was trading in a rather narrow range. Although, the fundamental indicators released today were quite good, the euro started rising versus the US dollar after their release. S&P/Case-Shiller home price index added 5.5% in October from the same month a year ago. September’s growth has been […]

December 28
2015

Biggest Forex Scam Pt. VII (Trevor G. Cook and Patrick J. Kiley)

The Forex market stands apart from other financial markets in terms of liquidity, capital requirements, trade timings and leverage. However, much like other businesses, scammers do operate in FX markets as well and always look for an opportunity to prey on unsuspecting investors. Even though authorities continue to expose extensive and long-runningPonzi schemes regularly, the scammers are able to find newer methods to con investors out of their life savings. Contents 1 […]

December 26
2015

Weekly Forex Technical Analysis (Dec 28 — Jan 1)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.0733 1.0789 1.0871 1.0927 1.1009 1.1066 1.1147 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.0795 1.0883 1.0934 1.1021 1.1072 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

December 26
2015

Forex Brokers Update — December 26th, 2015

One new Forex company has been listed during the Christmas week: MTI Markets — an offshore (Belize) broker with mini STP, standard STP, and ECN accounts. Mini accounts start from $100, and all their account types support MetaTrader 4 platform. MTI Markets Another broker was previously listed in the Russian section only but now is available for English visitors too as the company had launched […]