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Support and Resistance is one of the widely used concepts in Forex trading. Most traders plot horizontal lines to show support levels and resistance levels...
Trading Systems
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BlondieNews, 23 August 2014, 14:11 #resistance, support
The Double-Top and Double-Bottom formation show multiple tests of support (or resistance) at a particular price level. Traders can look to trade subsequent tests of these price levels...
Trading Ideas
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Patti, 23 August 2014, 10:11
Observing XAUUSD, the equivalent of gold, it looks like this pair is still wedging. However, it will be a long time before we see some real consolidation going on here. Gold closed higher for once after 5 days, or a week, of selling...
Forecasts
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Zheng He, 23 August 2014, 06:01 #xauusd, gold
There isn't much to tell here so treat it as a quick update on NZDUSD. We have already established the support zone defined on the daily chart. This pair closed higher yesterday, but ended with a lower close despite being very small. We can treat the candle as a doji...
Forecasts
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Zheng He, 23 August 2014, 05:52
If you get stuck paying out huge amounts to anyone, you want to ease the burden by writing it off. Bank of America may be smarting over the historic $17 billion legal settlement it reached over soured mortgage securities...
Currency
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EmmeMe, 23 August 2014, 03:17
USD/JPY Technical Strategy: Flat Support: 103.53, 103.05, 102.75 Resistance: 104.00-12, 104.30, 104.54 The US Dollar is hovering near the highest levels in five months against the Japanese Yen after rallying the most since mid-March earlier in the week. A daily close above the 104...
Trading Systems
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Lonny Strike, 22 August 2014, 23:23 #resistance, support
Home Depot announced Thursday that longtime CEO Frank Blake will step down on November 1. He will be replaced by Craig Menear, the company’s current U.S. retail president...
Events
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Peter Gervas, 22 August 2014, 22:22
Here are top 8 current list of candidates: Baxter International (NYSE:BAX) Berkshire Hathaway (NYSE:BRK.B) BlackRock Incorporated (NYSE:BLK) Coca-Cola (NYSE:KO...
Trading Ideas
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EmmeMe, 22 August 2014, 19:19
Top news of the week: What on earth is going on with Bitcoin...
Weekly Trends
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Alice F, 22 August 2014, 19:17 #Trading Strategies
The overall net profits of six out of seven Lebanese banks operating in Syria dropped 54 percent in the first half of 2014 to SYP 2.89 billion, down from SYP 6.35 billion during the same period last year...
Events
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News, 22 August 2014, 18:50
Richard 'Dick' Diamond has been trading the markets for over 35 years having started out on the floor of the American Stock Exchange working for his father's brokerage firm. JP (Justin Pugsley from mahifx.com): Can you tell me about your background and what got you into trading...
Market News
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Lonny Strike, 22 August 2014, 17:17
What is the secret of running a successful electronic FX business, and what are the most common pitfalls? You need a few different things I think...
Trading Systems
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Peter Gervas, 22 August 2014, 17:11
Jack Schwager is a recognised expert on markets and trading who has authored a number of very well known trading books...
Trading Systems
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Patti, 22 August 2014, 15:11
Martin is definitely the most unusual trader. It's not so much his background. Though he did get to work for a while for Sir James Goldsmith, the billionaire corporate raider who was feared in corporate boardrooms on both sides of the Atlantic during the eighties...
Weekly Trends
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Ray Steve, 22 August 2014, 13:13 #resistance
Subscription to my signals is now free. ElliottTargets 2014 HR : http://mql5.com/3rnt ElliottTargets 2014 LR : http://mql5.com/3dq1 ElliottTargets 2014 LR Demo : http://mql5.com/3rqn My strategy is based on Elliott Wave Theory and Glenn Neely Extensions...
Trading Systems
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Abdolreza Basirizadeh, 22 August 2014, 12:16 #Elliott Waves
There is more growth in the international market over time, but it will hurt Coca-Cola in the short term. This is a business that went public in 1919. Years later it was at a half price. Since then, there was also the Great Depression and WWII and sugar rationing...
Statistics
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Ivanov Evgeniy, 22 August 2014, 12:14 #investing
The percentage of winners in Forex is a mystery. Nobody knows it for sure. There is a theory that 50% of traders win since Forex is a zero sum game. In other words, for every dollar earned on FX someone else losses a dollar. So on average, there's no profit...
Weekly Trends
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Sergey Golubev, 22 August 2014, 09:09
Another day of solid buying and the sharp increase in housing starts gave the homebuilding stocks a boost, which helped the overall market. The A/D lines for the NYSE Composite, S&P 500, Nasdaq 100, and the Dow Jones Industrials have now broken their downtrends...
Market News
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Rachael Taylor, 22 August 2014, 07:11
EURGBP Technical Strategy: Flat Support: 0.7973, 0.7954, 0.7935 Resistance:0.8007, 0.8031, 0.8050 The Euro began edging higher against the British Pound as expected after prices produced in a bullish Morning Star candlestick pattern. A pullback now sees prices testing support at 0...
Trading Ideas
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Ray Steve, 22 August 2014, 03:03
What does the turn in price look like? In the following chart, a supply zone for a short entry was highlighted with the yellow box, and the blue arrow indicates where a good short trade could have been entered. This is the expected “turn in price...
Trading Systems
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Lonny Strike, 21 August 2014, 23:23