Blog – Page 6 – The Plot

June 19
2018

E-Book Review: Locked-in Range Analysis

Locked-in Range Analysis: Why most traders must lose money in the futures market (Forex) is the name of the e-book by Tom Leksey. It teaches the Locked-in Range Analysis (LRA) method developed by the author. The book is available for free download in two languages — English and Russian. The e-book was first published in 2017. There is little information on its author, but he calls himself “an expert, a consultant in the field of futures trading.” […]

June 18
2018

Interview with Alex Melkumyants from AMarkets

AMarkets (known as AForex before 2015) is one of the oldest “classic” MetaTrader brokers. By combining high leverage, low starting minimum, great variety of trading instruments, and multiple electronic deposit/withdraw methods, such brokers were aplenty in late 2000’s. Few have survived to our time though. AMarkets demonstrated the ability to evolve with traders’ changing preferences. Currently, the broker looks to expand its services in previously underserved parts of the world. […]

June 17
2018

Forex Brokers Update â June 17th, 2018

There were no new brokers added during the week that is ending today, just some minor updates: AMarkets opened an office in Indonesia and now also offers support service in Indonesian. 24option no longer offers binary options trading. AAATrade added MT5 platform in demo and real accounts. No longer supports deposits via PayPal, QIWI, WebMoney, and Yandex.Money. Minimum position size for currencies is now […]

June 16
2018

Weekly Forex Technical Analysis (Jun 18 — Jun 22)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1174 1.1358 1.1483 1.1667 1.1792 1.1976 1.2101 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1343 1.1453 1.1652 1.1761 1.1961 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]

June 15
2018

EUR/USD Recovers As US-China Trade War Intensifies

EUR/USD rebounded a bit following yesterday’s big slump, though the rally was not nearly enough to erase losses posted during yesterday’s session. The dollar was relatively weak today due to an intensifying trade war between the United States and China. The USA announced new tariffs on Chinese imports, and China promised to respond in a similar manner, imposing levies on US goods. NY Empire State Index climbed from 20.1 to 25.0 […]

June 14
2018

EUR/USD Crashes as ECB Promises No Rate Hikes in 2018

EUR/USD was gradually rising today but crashed after the European Central Bank signaled that it is not going to raise interest rates this year. (Event A on the chart.) US macroeconomic indicators released in the United States afterwards were good across the board, giving no reprieve for the currency pair. Retail sales rose 0.8% in May from the previous month, two times the forecast increase of 0.4%. The April increase […]

June 13
2018

EUR/USD Crashes Following FOMC Hike, Surges Afterwards

EUR/USD tumbled today after the Federal Open Market Committee hiked its main interest rate and updated its economic projections, predicting four hikes in total this year. Yet, surprisingly, the currency pair has recovered extremely quickly and is now trading far above the opening level. PPI rose 0.5% in May, seasonally adjusted, beating the average forecast of 0.3% and the previous month’s increase of 0.1%. (Event A on the chart.) US […]

June 12
2018

EUR/USD Higher Ahead of FOMC Meeting

EUR/USD rallied today as traders were anticipating that the Federal Open Market Committee will announce an interest rate hike tomorrow. Today’s strong inflation data supported such outlook. The European Central Bank and the Bank of Japan will also make policy announcement later this week. Meanwhile, the meeting between the US and North Korean leaders ended with a pledge of friendship and steps toward denuclearization of the Korean peninsula, putting markets […]

June 10
2018

Forex Brokers Update â June 10th, 2018

The last two weeks has brought in a new Forex broker listing: Equiti Global Markets — a regulated UK company with strong presence in the Middle East. They offer fixed spread trading in Forex, precious metals, and commodities via MT4 with a starting balance of $500. The leverage is capped at 1:500 for currency pairs and at 1:100 for CFDs. Equiti Global Markets Changes to the listed brokers during the period included: RoboForex now features […]

June 9
2018

Weekly Forex Technical Analysis (Jun 11 — Jun 15)

EUR/USD Floor pivot points 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res 1.1481 1.1567 1.1668 1.1754 1.1855 1.1941 1.2042 Woodie’s pivot points 2nd Sup 1st Sup Pivot 1st Res 2nd Res 1.1571 1.1676 1.1758 1.1863 1.1945 Camarilla pivot points 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd […]