According to the COT report, more and more NZD long positions were added in the futures market. However, that was possibly in anticipation of NZDUSD's performance as it touched a May, 2013 trend-line. NZDUSD hit a July, 2011 high and is on its way back down...
Fundamental Forecast for Pound: Bullish British Pound shows important risk of reversal Solid Q2 UK economic growth figures encouraging for GBP Upcoming UK CPI data could drive important volatility in the British currency...
1. Indicators for Metatrader 5 AwesomeModPips - indicator for MetaTrader 5 - this indicator is a modification of classical Awesome Oscillator indicator. It computes the smoothed difference of two exponential moving averages...
Good afternoon to everybody. This is my first post on EUR/USD and I would like to start this blog with this neophyte analysis of this chart. In my opinion, the trend of EUR/USD is still bearish however we are assisting to a lateral phase. I expect that a breach under 1...
Trading for a Living: Psychology, Trading Tactics, Money Management by Alexander Elder Trading for a Living Successful trading is based on three M's: Mind, Method, and Money...
US housing data, Inflation data in the UK, the US and Canada, FOMC Meeting Minutes, Philly Fed Manufacturing Index, Janet Yellen’s speech are a few of the major events on Forex calendar. Follow along as we explore the Forex market movers for this week...
Due to the tensions in the Middle East affecting surrounding countries most notably the Euro and Yen, the Dollar appreciated big time. With that in mind, U.S. economic data in general were pretty positive, which further drove up the prices over the last few weeks...
Sunday morning train reads: • Europe’s Greater Depression is worse than the 1930s (WonkBlog) see also Markets Are Making a Sucker’s Bet on Europe (Bloomberg View) • 8 Money Mistakes to Avoid on Your Way to Being Wealthy (Yahoo Finance) • How One “Sack of Shit” Mortgage-Backed Security Came to Def...
EURUSD is in consolidation mode above the 200% extension of the June/July advance near 1.3325 Our broader bias is negative in the euro while under 1.3560 A close under 1.3300 is needed to confirm that a new leg lower is underway A turn window is eyed early next week A weekly close back over 1...
Friday marked a very strong sell-off after a supposedly very quiet week. The electronic auction-based trading replaced the silver fixing...
We had a video about iPhone application for Metatrader 5 so for now it is MetaTrader 5 Android Tablet App Review. This is similar video of about 3 minutes but it may be good to watch in case you are having this device for example...
Overview The Renko charting method is thought to have acquired its name from "renga" which is the Japanese word for bricks...
Most traders have a limited knowledge of trading’s fundamental rules, either from a psychological or a methodological point of view. This can lead to increasing loss probabilities on the markets, as well as deep and constant psychological damage...
Gold has been consolidating in a descending triangle this week after it found resistance at about 1322. Note the bullish bias in the 1H chart. Price was bullish at the end of last week, so the prevailing trend in the 1H chart is bullish before it consolidated this week...
NZD/USD Technical Strategy: Flat Support: 0.8470, 0.8401, 0.8350 Resistance:0.8509, 0.8571, 0.8621 The New Zealand Dollar edged higher against its US counterpart after putting in a bullish Piercing Line candlestick pattern, hinting a double bottom may be forming. Initial resistance is at 0...
How to use the currency pairs correlation to predict the direction of the market? When I have a signal with a pair, but I need confirmation to take the position, I refer to the correlated currency pairs or cross currency pairs and look for the confirmation...
1. Price Action is not a System One thing that many beginning price action traders get confused about is that price action is not a trading ‘system’...
USDJPY Stays Range Bound R3 Resistance Sits at .9320 Market Breakouts Signaled Over .9335 USDJPY 30min Chart In the event that momentum subsides, the USDJPY may produce an environment conducive for a false breakout...
Every trader needs one. Do you know what it is. Many times it's the difference between success and failure in the market. Watch the fifth episode of the "Traders Whiteboard" series and learn from master trader Adam Hewison on how to incorporate this key element into your own trading...
