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Forex Market Update
2008-01-17 13:39:00 Largest net long JPY position since end of 2004 Posted: 16 Jan 2008 10:56 AM CST Investors increased their overall speculative positions in the week from 1 January to 8 January. ?Net short dollar positions saw a large increase to USD 17.9bn from USD 10.9bn.? Net long EUR positions were increased by USD 2.9bn to USD 9.5bn from USD 6.7bn.? Speculative investors also increased their net long JPY positions, which went from almost neutral to very long, as net positions rose by USD 4.2bn to USD 4.3bn from USD 0.1bn. This is the largest net long JPY position since November 2004.? Crude oil fell to its lowest in more than three weeks in New York Posted: 16 Jan 2008 10:32 AM CST Crude oil fell to its lowest in more than three weeks in New York after a poor retail sales data added to the concerns that the US is heading for a recession. Crude oil for February delivery was at USD 90.60 a barrel. (17.30 IST) Gold fell for the second day in London on speculation that the lower oil prices ... More About: Market , Forex , Update
Forex Market Update
2008-01-10 04:11:00 Fed Speak to Boost Risk Appetite, Yen Negative Posted: 08 Jan 2008 10:22 AM CST We expect the current improvement in risk appetite seen in the weakening yen, rising gold and strengthening equity futures to extend into the US session. Today's speeches from Federal Reserve officials are likely to be a source of further equity gains as they further increase chances of a 50-bp rate cut later this month. The fact that the speakers will be Fed's most hawkish (Plosser) and dovish (Rosengren) officials should have an effect on the market. A 25-bp rate cut is currently cemented in Euroland: Retail sales suffer strongly Posted: 08 Jan 2008 10:19 AM CST Euroland retail sales fell again in November ? this time by 0.5% m/m. Expectations were for a rise following the large disappointment last month. The series is volatile, and so this may partly reflect simple volatility. However, the yearly change is now the most negative it has been since the series began in 1996. The VAT boost to Germa... More About: Market , Forex , Update
Forex Forecasts
2008-01-02 15:14:00 Forex Market Outlook on Majors Posted: 01 Jan 2008 07:59 PM CST ----------------------------------------- ---------------- INTRA-DAY GBP/USD OUTLOOK : ; 1.9826 Updating time : 02 Jan 2008 01:38 GMT Cable's anticipated fall after meeting renewed selling at 1.9898 suggests recovery fm Monday's low at 1.9815 has ended n further weakness to 1.9825/30 is seen, however, below said sup needed to extend this week's decline fm 2.0103 to 1.9780/90 'later'. Sell again on recovery with stop +as indicated, EUR/USD daily outlook Posted: 06 Dec 2007 01:11 AM CST The Euro declined versus the US dollar on yesterday and it failed to find support in the lower 1.47 area, setting the daily lows around the 1.4600 mark. Support is now seen at 1.4590 backed by 1.4570, 1.4545 and 1.4520. Resistance starts at 1.4620 followed by 1.4670 and 1.4725. Daily sentiment is bearish, the hourly studies being bearish too at... More About: Forex , Forecasts , Forecast
Forex Market Update
2008-01-01 17:40:00 US Market s for Wednesday, Jan. 2 Posted: 31 Dec 2007 10:45 PM CST Currency Currents Posted: 31 Dec 2007 11:38 AM CST · &nbs p; U.S. November Existing-Home Sales Rise 0.4% to 5 Million Pace (Bloomberg) · &nbs p; Defaults on privately insured U.S. mortgages rose 35 percent in November from the same month last year, an industry report today showed, adding to evidence the U.S. housing slump is deepening. (Bloomberg) · &nbs p; The pound posted its first annual drop in three years against the U.S. Forex Market Commentary Posted: 31 Dec 2007 11:27 AM CST EURO The euro depreciated vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4580 level and was capped around the $1.4745 level. The common currency reached its highest level since 11 December before coming off. Many traders believe European Central Bank has... More About: Update
Forex Market Update
2007-12-14 20:18:00 Matsys D Trade Signals Posted: 14 Dec 2007 12:56 PM CST < USD/JPY Posted: 14 Dec 2007 11:21 AM CST Since July the USD/JPY daily chart has shown a gradual downtrend channel within a range of 700 pips. Although the pair got out of the the channel twice in August and in November, it immediately got back into the channel. The pair has climed up since the end of November corresponding to the oil prices and the US fundamental data. The strong bullish momentum is not likely to end soon. The resistance line of the downtrend channel (first line) would be the next target at the 114.00 region. 3 Automated Trade Signals Posted: 14 Dec 2007 10:52 AM CST Current Monthly P/L %: 11.70% Observations: All trades are generated automatically, for this reason we are unable to post complete performance. Due to human limitation to monitor the market, only portion of trades is posted. Central banks step up action Posted: 14 Dec 2007 10:46 AM CST The big news in the past week was... More About: Market , Forex , Update
Forex Market Update
2007-11-22 18:03:00 Yen Surges on Dollar, Equity Weakness Posted: 21 Nov 2007 01:20 PM CST The dollar hit new record lows versus the euro today, and sank to 2-year lows on the yen. As the credit crisis continues to unravel, banks keep announcing massive losses and oil pushes towards new records above $100, pervading sentiment has turned extremely negative towards the U.S. dollar. Traders claim their might be no end in sight to dollar weakness. The yen is also rallying versus the euro, on global equity unrest. The so-called carry trade has played a large hand in yen movements in the Daily Scalping Tip Posted: 21 Nov 2007 12:54 PM CST BUY EURUSD @1.4867, SL @1.4852, TP @1.4877 Signal Time: November 21, 2007 18:54 GMT STATUS: -ON - 50pips GBPNZD Mission has been completed Posted: 21 Nov 2007 10:13 AM CST 1 minute with Forex Survivor ***50pips GBPNZD Mission has been completed; reminder: check the last sentence of '21 Nov US.' (21 Nov US) Again, th... More About: Market , Update
Forex Market Update
2007-11-17 06:15:00 Daily Scalping Tip Posted: 16 Nov 2007 11:31 AM CST BUY EURUSD @1.4677, SL @1.4662, TP @1.4687 Signal Time: November 16, 2007 17:30 GMT STATUS: -ON - Technical Outlook Posted: 16 Nov 2007 11:17 AM CST See the table below for current bias (direction) as well as key Option Trade of the Day Posted: 16 Nov 2007 11:12 AM CST December E-mini S&P- We think that the craziness is over and that the market has weathered the storm based upon what we are seeing. Taking into account that the seasonal tendency in the stock market is to trade higher from November through March, we put together this credit spread. Buy the December 1475 call, sell the December 1525 call and also sell the 1400 put. This trade should be filled at a credit, but since you have to enter each leg separately, you cannot use limit orders. We are USD/JPY: Confidence level ? changed from low to moderate Posted: 16 Nov 2007 10:56 AM CST This report will be updated every Monday, Wednesday... More About: Market , Forex , Update
Forex Market Update
2007-11-14 08:49:00 Source Yen Sinks, Dollar Down on Euro Posted: 13 Nov 2007 01:12 PM CST The euro rallied against the dollar today, recovering roughly half of yesterday's losses versus the U.S. currency. The yen also slumped across the board, after the BoJ Governor Fukui kept rates at 0.5%, and said he was worried about the rate of the yen's advance in the last months. The yen has been gaining on a broad unwinding of the carry trade, as traders buy back previously borrowed yen. The dollar was up on the yen, despite weakness versus the euro. Overall, the big story of the day was Exceeding Strategies Posted: 13 Nov 2007 12:35 PM CST "Take advantage of the volatility" (Bank officials helping USD) ---Wide swings in price action will give us a chance to get grate profits--- Last week we saw the ECB keep the rates unchanged, however the important part was during the press conference. Trichet did not try to support th... More About: Market , Forex , Update
Forex Market Update
2007-11-14 08:39:00 Yen Sinks, Dollar Down on Euro Posted: 13 Nov 2007 01:12 PM CSTThe euro rallied against the dollar today, recovering roughly half ofyesterday's losses versus the U.S. currency. The yen also slumpedacross the board, after the BoJ Governor Fukui kept rates at 0.5%, andsaid he was worried about the rate of the yen's advance in the lastmonths. The yen has been gaining on a broad unwinding of the carrytrade, as traders buy back previously borrowed yen. The dollar was upon the yen, despite weakness versus the euro. Overall, the big storyof the day was Exceeding Strategies Posted: 13 Nov 2007 12:35 PM CST "Take advantage of the volatility" (Bank officials helping USD)---Wide swings in price action will give us a chance to get grateprofits--- Last week we saw the ECB keep the ratesunchanged, however the important part was during the press conference.Trichet did not try to support the Euro; in fact he spoke about thenecessity of a stronger USD in order to r... More About: Market , Forex , Update
Forex Market Update
2007-11-02 13:07:00 U.S. Forex Market Commentary Posted: 01 Nov 2007 01:45 PM CDT EURO The euro moved lower vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4410 level and was capped around the $1.4485 level. The common currency established a new lifetime high yesterday after the Federal Open Market Committee reduced the federal funds target rate by 25bps to 4.50%. Even though Kansas City Fed President Hoenig dissented and the Fed noted upside risks to inflation are "roughly balanced" with downside growth risks, the U.S. dollar U.S. Forex Market Commentary Posted: 01 Nov 2007 01:45 PM CDT EURO The euro moved lower vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4410 level and was capped around the $1.4485 level. The common currency established a new lifetime high yesterday after the Federal Open Market Committee reduced the federal funds target rate by 25bps to 4.50%. Even though Kansas City Fed ... More About: Update
Forex Market Update
2007-10-25 22:33:00 Dollar Worries on Negative Economic Sentiment Posted: 25 Oct 2007 01:10 PM CDT The dollar came close to new record lows versus the euro today, after a slew of disappointing results out of the U.S. Jobless claims grew last week, new home sales were lower than expected, and finally, durable goods orders dropped. The trifecta of lousy numbers helped to push the dollar to new depths. Most of the action today surrounded the dollar and euro. The yen was basically flat. The dollar fell slightly against the Canadian dollar, but rose slightly on the British pound. The FXrpm is U.S. Forex Market Commentary Posted: 25 Oct 2007 11:39 AM CDT EURO The euro appreciated vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.4345 level and was supported around the $1.4250 level. The common currency came within a couple of pips of establishing a new lifetime high and was pushed higher following a mixed bag of U.S. data. First, September building permits we... More About: Update
Forex Market Update
2007-10-25 05:07:00 U.S. Forex Market Commentary Posted: 24 Oct 2007 11:21 AM CDT EURO The euro depreciated vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4190 level and was capped around the $1.4265 level. Technically, today's intraday high and low were right around the 23.6% and 50% retracement of the move from $1.4015 to $1.4395. The common currency moved lower after U.S. financial giant Merrill Lynch wrote down US$ 7.9 billion from earnings on account of subprime mortgage problems and said the conditions remain U.S. Forex Market Commentary Posted: 24 Oct 2007 11:21 AM CDT EURO The euro depreciated vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4190 level and was capped around the $1.4265 level. Technically, today's intraday high and low were right around the 23.6% and 50% retracement of the move from $1.4015 to $1.4395. The common currency moved lower after U.S. financial giant Merrill Lynch... More About: Update
Forex Market Update
2007-10-24 09:58:00 Forex Carry Trades, Forex Trading Posted: 23 Oct 2007 01:31 PM CDT Hi Everyone, We had a Zero Line Cross exit/entry on the Conquer at 12:00 GMT. And we also have a buy Drop In entry at 16:00 GMT today on the Conquer. Conquer - Zero Line Cross: - GBP/JPY entry date: 10/23/2007 at 12:00 GMT entry price (long): 234.82 stop: zero line cross to the down side. targets: half position at 245.82 currently +47 pips Drop In: - GBP/JPY entry date: 10/23/2007 at 16:00 GMT entry price (long): 235.08 stop: 232.80* targets: 1st, 2nd, 3rd currently +21 pips *adjusted stop U.S. Forex Market Commentary Posted: 23 Oct 2007 11:58 AM CDT EURO The euro reversed course and appreciated vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.4280 level and was supported around the $1.4170 level. Technically, today's intraday low was just above the 23.6% retracement of the move from $1.3360 to $1.4395. The common currency recovered after yesterday's sharp mo... More About: Forex , Update
Forex Market Update
2007-10-23 04:30:00 FX Trading Posted: 22 Oct 2007 02:07 PM CDT Hi Everyone, Brad has helped any of those who are using a Mac be able to use MT4 along with the custom indicators and this has been added to the help-section. The 3rd piece of the aud/jpy True Trend was stopped out for +163 pips and the eur/uad True Trend was stopped out for -104 pips. Conquer - Zero Line Cross: - GBP/JPY entry date: 10/22/2007 at 01:06 GMT entry price (short): 233.13 stop: zero line cross to the up side. targets: half position at 222.13 currently +170 pips Drop In: - No open Yen, Dollar Rally on Equity Worries Posted: 22 Oct 2007 01:17 PM CDT The yen surged across the board, and the dollar also bounced back against the euro. On Friday, U.S. equity markets sold off hard, leading to a reversal of the carry trade. The yen shot higher as traders bought back borrowed currency, and continues to rise today. The dollar bounced against the euro, in line with the yen. The dollar rose against the Canadian dollar and the Briti... More About: Market , Forex , Update
Forex Market Update
2007-10-20 13:14:00 U.S. Forex Market Commentary Posted: 19 Oct 2007 11:34 AM CDT EURO The euro came off vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4245 level and was capped around the $ 1.4320 level. Today's intraday high represents a new lifetime high for the common currency. Traders drove the pair higher on expectations that today's G7 communiqué will not make explicit reference to the euro's relative strength. Countries like France and Italy are known to be critical of the euro's recent strength while Germany and the U.S. Forex Market Commentary Posted: 19 Oct 2007 11:34 AM CDT EURO The euro came off vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4245 level and was capped around the $ 1.4320 level. Today's intraday high represents a new lifetime high for the common currency. Traders drove the pair higher on expectations that today's G7 communiqué will not make explicit reference to the euro... More About: Update
Forex Market Update
2007-10-19 15:00:00 Preview Strategies for ASIAN SESSION 19/10/2007 Posted: 18 Oct 2007 04:15 PM CDT A) CALENDAR -18/10/2007 -GMT 23:50 JPN All-Industries Index (m/m), (Aug) EST 1.1% PREVIOUS -0.4% -GMT 23:50 JPN All-Industries Index (y/y), (Aug) EST 2.0% PREVIOUS 1.2% Definition The all-industries index adds data from the primary sector -- composed of fishing, farming, forestry and mining -- and from the secondary, or manufacturing sector, to data for the tertiary sector. -19/10/2007 -GMT 06:00 GER PPI (m/m), (Sep) EST 0.4% PREVIOUS 0.1% -GMT 06:00 GER PPI (y/y), (Sep) EST 1.8% PREVIOUS 1.0% U.S. Forex Market Commentary Posted: 18 Oct 2007 01:55 PM CDT EURO The euro appreciated vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.4310 level and was supported around the $1.4195 level. The common currency reached a new lifetime high as traders increasingly speculated the FOMC will be forced to reduce U.S. interest rates again. Weekly U.S. initial jobless cl... More About: Update
Forex Market Update
2007-10-15 08:56:00 Preview Strategies for ASIAN SESSION 15/10/2007 Posted: 14 Oct 2007 09:08 AM CDT A) CALENDAR -GMT 00:30 JPN BOJ Governor Fukui to Speak at Branch Managers' Meeting -GMT 04:30 JPN Indus. production (m/m), (Aug) EST 3.4% PREVIOUS 3.4% -GMT 04:30 JPN Indus. production (y/y), (Aug) EST 4.3% PREVIOUS 4.3% Definition Industrial production consists of the total output of a nation's plants, utilities, and mines. From a fundamental point of view, it is an important economic indicator that reflects the strength of the economy, and by extrapolation, the strength of a specific Weekly Technical Analysis Research Posted: 14 Oct 2007 06:21 AM CDT EUR/USD Technical View Euro didn't move that much this past week, it dashed lower on Monday and early Tuesday morning, but found support just above the 1.4000 round number where we can see also an up sloping trendline from 2006, from there it bounce higher on Tuesday, Wednesday and Thursday but ended up the week below the 1.4... More About: Market , Forex , Update
Forex Market Update
2007-10-14 06:03:00 Weekly S&P 500 Technical Outlook Posted: 13 Oct 2007 10:56 AM CDT 10/14/2007....1561.80... At the time of our last update two weeks ago, the market was struggling to overcome the 1533 resistance level. Once that level was penetrated, our bullishness was justified as the index rallied strongly and reached our projected target at 1570. Then, at the end of last week, the index retreated from its high at 1576 and the very short-term trend is now neutral. Thus, we expect some more consolidation to follow early this week below the 1570 level however as long as the Technical Outlook - Nasdaq Posted: 13 Oct 2007 10:54 AM CDT 10/14/2007....2805.68... Our recent bullishness was completely justified as the market rallied to as high as 2834 before pulling back at the end of last week. As seen from the chart, the market has not reached so far the 2857 Fibonacci level (the green line) and since the ST uptrend from the Aug 2007 low remains intact, we remain ... More About: Market , Forex , Update
Forex Market Update
2007-10-12 07:38:00 Euro Back Near Highs Posted: 11 Oct 2007 01:11 PM CDT The euro surged today, and the yen fell across the board. Today, the BoJ kept its interest rate at 0.5%. the lowest in the industrialized world. The low lending rates will continue to feed the carry trade, in which traders borrow yen cheaply, and invest the borrowed yen in more profitable assets to turn a quick profit. The carry trade has played a huge role in yen movement in the last months, as equity markets seem to be leading the yen around by its nose. The dollar was also up on the yen. Big MacDaddy Posted: 11 Oct 2007 11:43 AM CDT Open Positions All profit and loss calculations are based on a $35 round turn transaction cost. The Big MacDaddy as seen above is based upon an account size of $100,000, which is required to do all the trades listed. *There is a substantial risk of loss in trading futures and options. Placing contingent orders such as "stop loss" or "stop limit" orders will not necessaril... More About: Market , Forex , Update
Forex Market Update
2007-10-10 21:15:00 SignalZone trading recommendations Posted: 10 Oct 2007 01:57 PM CDT USD weakness extended after a somewhat dovish Fed Minutes released yesterday. Particularly damaging was the following passage from the minutes - "With economic growth likely to run below its potential for a while and with incoming inflation data to the favorable side, the easing of policy seemed unlikely to affect adversely the outlook for inflation". This suggests that the Fed is far less concerned with inflation and is rather pessimistic about the economic outlook going forward, Euro Up on Strong Reports, Momentum Posted: 10 Oct 2007 12:54 PM CDT The euro surged versus the dollar and the yen today, and the yen fell across the board on the carry trade dynamic. After some strong numbers out of members of the E-13, the euro jumped higher on speculation that hot European growth could lead to a rate hike sometime this year. Dollar weakness has been a major factor over the past f... More About: Market , Forex , Update
Forex Market Update
2007-10-10 10:28:00 Forex Market Update Matsys D Trade Signals Posted: 09 Oct 2007 02:19 PM CDT < Dollar Loses Jobs Momentum Posted: 09 Oct 2007 01:20 PM CDT The euro fell versus the dollar initially, but then rose today. The euro was basically flat against the yen. The euro initially fell on speculations that euro strength would lead to lower exports for Europe. Traders basically sold the euro off of extended highs, but underlying strength managed to keep the currency rising. The dollar was down moderately against the yen. The dollar fell against the Canadian dollar, but was up slightly versus the British pound. The FXrpm is showing mostly U.S. Forex Trading Strategies, Forex Trading System Posted: 09 Oct 2007 12:37 PM CDT Hi Everyone, Not too much going on today. We have our down price day on the gbp/jpy so we are not waiting for the next up price bar for a long True Trend entry on the Anomaly. The true trend crossed to the positive side on the gbp/chf and is barely above t... More About: Forex
Forex Forecasts
2007-10-09 14:20:00 EUR/USD daily outlook Posted: 09 Oct 2007 01:21 AM CDT The Euro declined on yesterday and got into the lower half of the 1.40 area, reaching 1.4015 on today's Asian session. Support is now formed at 1.4015 backed by 1.3960 and 1.3915. Resistance starts at 1.4055 followed by 1.4090 and 1.4135. Daily sentiment is bearish and a close above 1.41 is needed to confirm a potential reverse during the newxt few trading sessions. Hourly sentiment is slightly bullish at the time of this writing because of the minor Euro recovery of 20 points since reaching EUR/USD Daily Outlook Posted: 09 Oct 2007 01:13 AM CDT ***************************************** ** INTRA-DAY EUR/USD OUTLOOK: ; 1.4025 Updating time : 09 Oct 2007 06:05 GMT As long as 1.4032/36 (prev. sup) holds, euro's recent decline may yield marginal weakness twd 1.40 00/05, however, nr term 'loss of momentum' shud pre vent further steep fall n yield minor... More About: Forex , Casts , Forecasts , Forecast
Forex Forecasts
2007-10-09 05:46:00 FOMC cut rates as focus shifts to Fed speeches, Durable Goods and Euro CPI Posted: 08 Oct 2007 03:11 AM CDT last week's currency trading review The Dollar all focus was placed on Fridays NFP report, as markets awaiting eagerly to verify if the Jobs markets warrants further rate cuts out of the U.S. in light of recent market turmoil. With forecast at 94k new jobs, the figure surprised on the upside with 110k jobs created. Further more, an upward revision of the previous added to further USD strength, although traders returned to bets against the dollar shortly after. The Euro the biggest event in the EUR/USD Daily Outlook Posted: 08 Oct 2007 02:28 AM CDT ***************************************** ** INTRA-DAY EUR/USD OUTLOOK: ; 1.4111 Updating time : 08 Oct 2007 06:38 GMT Although euro has fallen at European opening after failure to re-test Friday's high at 1.4158 in Asia, as the early strg rebound fm 1.4032 signa... More About: Forex , Casts , Forecasts , Forecast
Weekly Market Review
2007-10-09 05:33:00 The dollar stabilized against the Euro last Monday despite desappointing ISM data on Sept.28th, as the stock market rallied. The euro was buying $1.4220USD and the yen was at 115.70. The traders ignored positive data in Japan, where the business sentiment was reported above expectations. BOJ is expected to leave rates on hold this month as well, and carry trades are once again in focus. The Greenback kept rising on Tuesday, after traders ignored weak home sales data, in an overall correction info@asesoriaforex.com (Asesoría Forex) Mon, 08 Oct 2007 16:33:28 GMT Source: http://www.fxstreet.com/fundamental/marke t-view/weekly-comment-on-currencies/2007- 10-08.html More About: Market , Review , Weekly
Forex Trading Strategies
2007-09-29 15:11:00 Forex traders almost always rely on analysis to make plan their Forex trading strategies. There are two basic types of Forex analysis ? technical and fundamental. Here you will find Forex Strategy for both type of analysis.Fundamental Analysis Strategy:Fundamental analysis refers to political and economic conditions that may affect currency prices. FOREX traders using fundamental analysis rely on news reports to gather information about unemployment rates, economic policies, inflation, and growth rates.Fundamental analysis is often used to get an overview of currency movements and to provide a broad picture of economic conditions affecting a specific currency. Most traders rely on technical analysis for plotting entry and exit points into the market and supplement their findings with fundamental analysis. Currency prices on the FOREX are affected by the forces of supply and demand, which in turn are affected by economic conditions.Technical forex trading strategy focuses on price... More About: Forex , Trading , Strategies , Forex Trading
Forex Trading Strategies
2007-09-29 15:11:00 Forex traders almost always rely on analysis to make plan their Forex trading strategies. There are two basic types of Forex analysis ? Technical and Fndamental. Here you will find Forex Strategy for both type of analysis. Technical Analysis Strategy:Latest: High Probability Trading Normal 0 MicrosoftInternetExplorer4 Even traders with limited experience start to realize that we are not trying to capture every market move. We want to improve our odds and reduce our frustration by filtering, for high-probability trades. The combination of trend and Fibonacci techniques can provide powerful signals for higher probability trading. We already know that trend-lines have some validity, and so do Fibonacci levels. Combine the two, to improve your chances. For more details, see the following web page High Probability Trading 1: Fibonacci TradingTraders usually study charts! Fibonacci ratios may be applied to the Price scale, and also to th... More About: Forex , Strategies , Forex Trading
Short Term Trade with good accuracy using Stochastic
2007-09-29 14:34:00 This Forex strategy is for extremely short term trades to capture small pips (20 +), but its accuracy is very good. Our trades are always depends on stochastic position over multiple time frames stochastic (15M, 1H, 4H). If you need an explanation of stochastic you will not find it here.In this Forex strategy 4H stochastic lead our entry and entry will depend on 15M stochastic.Here we are going to use elasticity concept. This occurs when 15M Stochastic stretches away from the other 2 Stochastic (1H and 4H) and then snaps back. Here 15M Stochastic goes against the trend and then join the trend. You will understand better you will see the below example with picture.What we require?1: Three Forex chart with different time frame (15M, 1H, 4H) or custom stochastic indicator on 15M chart (download link is below).2: Stochastic indicator with setting 14, 3, 3Entry for Long:Entry: When 4H and 1H are in uptrend, i.e. both are moving up. 4H and 1H stochastic should be above 61.8 level pointing... More About: Trade , Short-term , Good , Short , Term
Short Term Trade with good accuracy using Stochastic
2007-09-29 14:34:00 This Forex strategy is for extremely short term trades to capture small pips (20 +), but its accuracy is very good. Our trades are always depends on stochastic position over multiple time frames stochastic (15M, 1H, 4H). If you need an explanation of stochastic you will not find it here.In this Forex strategy 4H stochastic lead our entry and entry will depend on 15M stochastic.Here we are going to use elasticity concept. This occurs when 15M Stochastic stretches away from the other 2 Stochastic (1H and 4H) and then snaps back. Here 15M Stochastic goes against the trend and then join the trend. You will understand better you will see the below example with picture.What we require?1: Three Forex chart with different time frame (15M, 1H, 4H) or custom stochastic indicator on 15M chart (download link is below).2: Stochastic indicator with setting 14, 3, 3Entry for Long:Entry: When 4H and 1H are in uptrend, i.e. both are moving up. 4H and 1H stochastic should be above 61.8 level pointing... More About: Trade , Short-term , Good , Short , Term
Reverse Stochastic with Fibonacci
2007-09-29 06:28:00 Every Forex trader know the power of Fibonacci numbers and Stochastic in Forex Market, both are very popular and powerful indicator in the Forex market. Here we are going to combine both to make them more powerful.What we required?1) Two stochastic slow indicator with setting Red (14, 3, 3) and Green (5, 3, 3).2) Fibonacci with level 200, 176.4, 161.8, 150, 138.2, 123.6, 100, 76.4, 61.8, 50, 38.2, 0, -23.6, -38.2, -50, -61.8, -76.4, -100.3) Three different time Forex chart 30M, 1H and 4H. Set-up (use GMT 00:00 and 24:00)Draw Fibonacci line from the previous day's low to the high and draw it so the level lines extend into today (Yesterday is between 0:00 GMT and 24:00 GMT). Always Fibonacci level 0 should be at low and Fibonacci level 100 should at high. Don?t consider market trend while drawing Fibonacci line, just draw from low to high.Entry (Use 1H for identify Entry)Long: Look for the price to break the 100 level of the Fibonacci not just touches it. At the same time bo...
Reverse Stochastic with Fibonacci
More articles from this author:2007-09-29 06:28:00 Every Forex trader know the power of Fibonacci numbers and Stochastic in Forex Market, both are very popular and powerful indicator in the Forex market. Here we are going to combine both to make them more powerful.What we required?1) Two stochastic slow indicator with setting Red (14, 3, 3) and Green (5, 3, 3).2) Fibonacci with level 200, 176.4, 161.8, 150, 138.2, 123.6, 100, 76.4, 61.8, 50, 38.2, 0, -23.6, -38.2, -50, -61.8, -76.4, -100.3) Three different time Forex chart 30M, 1H and 4H. Set-up (use GMT 00:00 and 24:00)Draw Fibonacci line from the previous day's low to the high and draw it so the level lines extend into today (Yesterday is between 0:00 GMT and 24:00 GMT). Always Fibonacci level 0 should be at low and Fibonacci level 100 should at high. Don?t consider market trend while drawing Fibonacci line, just draw from low to high.Entry (Use 1H for identify Entry)Long: Look for the price to break the 100 level of the Fibonacci not just touches it. At the same time bo... 1, 2, 3 |
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