Breaking News
May 13
2007

Serious Take on the Market Behavior

Today I’ve added a e-book that describes the influence of the Forex traders’ behavior, beliefs and psychology on the Forex market itself. The results of the study which is performed in this book indicate that: About 30% of Forex traders use mostly technical analysis. Macroeconimic news is reacted very fast to. Importance of individual macroeconomic parameters varies over the time. Fundamental economic parameters generally have a long term influence on Forex […]

Read more
May 12
2007

EUR/USD Technical Analysis for 5/14—5/18

General trend: slightly bearish or ranging.Floor pivot points:3rd Sup__2nd Sup__1st Sup__Pivot____1st Res__2nd Res__3rd Res1.3282___1.3372___1.3447___1.3537__1.3612___1.3702___1.3777Woodie’s pivot points:2nd Sup__1st Sup__Pivot____1st Res__2nd Res1.3368___1.3441___1.3533___1.3606__1.3698Camarilla pivot points:4th Sup__3rd Sup__2nd Sup__1st Sup__1st Res__2nd Res__3rd Res__4th Res1.3432___1.3478___1.3493___1.3508__1.3538___1.3553___1.3568___1.3614Tom DeMark’s pivot points:Resistance: 1.3574Support: 1.3409 Fibonacci retracement levels:100% — 1.362661,8% — 1.356350,0% — 1.354438,2% — 1.352423,6% — 1.350000,0% — 1.3461

Read more
May 10
2007

EUR/USD Reaches 1 Month Low

EUR/USD reached its one month minimum level today during a fast dollar rally that has been influenced strongly by the yesterday’s FOMC statements. Is it a bull trend break, or just a small correction before the new heights? The answer will lie in the next 2 weeks — the next one can be ranging, while the second — bearish, which will show Forex traders a new medium term trend for EUR/USD, […]

Read more
May 10
2007

BunnyGirl Forex Trading Strategy E-book

BunnyGirl — is one of the most popular technical Forex strategies. Although it may look simple — a system utilizing WMA cross, it has a lot of additional conditions and tricks that are necessary for a trader to succeed with this strategy. You can download a quite short e-book describing BunnyGirl strategy rules along with some most important FAQ about this system:BunnyGirl Forex Trading Strategy Rules and FAQ

Read more
May 9
2007

EUR/USD Ranging Before FOMC Meeting Today

After retreating back down to under 1.3550 yesterday, EUR/USD is now slightly ranging while waiting for the FOMC statement (today, 19:15 GMT) — one of the most important and anticipated fundamental events in the Forex trading community. There is almost no doubt that the interest rates will be left intact (5.25% currently). But there are many speculations about what FOMC will say about U.S. economics, […]

Read more
May 8
2007

EFX Group and Hotspot FX ECN Forex Brokers

I’ve added another two ECN Forex brokers which might be interesting for traders focused on scalping strategies: EFX Group — good for mini Forex trading, since they allow accounts from $400. Hotspot FX — big ECN broker for big Forex traders, no mini Forex, but excellent trading platform and services.

Read more
May 5
2007

EUR/USD Technical Analysis for 5/7—5/11

General trend: bearish.Floor pivot points:3rd Sup__2nd Sup__1st Sup__Pivot____1st Res__2nd Res__3rd Res1.3379___1.3457___1.3523___1.3601__1.3667___1.3745___1.3811Woodie’s pivot points:2nd Sup__1st Sup__Pivot____1st Res__2nd Res1.3454___1.3518___1.3598___1.3662__1.3742Camarilla pivot points:4th Sup__3rd Sup__2nd Sup__1st Sup__1st Res__2nd Res__3rd Res__4th Res1.3511___1.3550___1.3564___1.3577__1.3603___1.3616___1.3630___1.3669Tom DeMark’s pivot points:Resistance: 1.3634Support: 1.3490 Fibonacci retracement levels:100% — 1.367861,8% — 1.362350,0% — 1.360638,2% — 1.358923,6% — 1.356800,0% — 1.3534

Read more
May 4
2007

Forex Strategy Books

New Forex strategy e-books are available for download from my site. Both books are more suited for Forex newbies than advanced traders, but are worth reading for both: Microtrading the 1 Minute Chart — it’s about scalping on the shortest term chart and it won’t mean a lot of new reading for experienced Forex traders. ICWR Forex Trading Strategy — this strategy e-book covers Impulsive/Corrective Waves Retracement strategy […]

Read more
May 3
2007

3 New Forex Articles

Three new articles covering two different Forex trading aspects have been added to the Forex article section today. These aspects are getting Forex education and Forex technical analysis. All three articles are written by the same author — Sacha Tarkovsky and are very professional pieces of Forex information:FOREX Education — Thinking Of Buying FOREX Advice? Read This First — about how to stop yourself from buying something […]

Read more
May 1
2007

Euro Unsure in Front of New Records?

Euro is floating in a rather tight range since it hit its new long term high at 1.3688 on 04/27. The corridor for EUR/USD seems to be established between 1.3670 and 1.3590 levels. Even poor fundamental data seen on Monday hasn’t provided any help for Euro in breaking the new record. Possible reasons for this I see in two factors. First — French elections, although their outcome is known with almost […]

Read more