Mike Dennis
Mike Dennis
Mike Dennis
EURCHF EUR/CHF has far surpassed USD/CHF bin terms in liquidity. EUR/CHF is probably one of the safest currencies pairs to trade because its moves are so orderly. It enjoys high volume, but trades in relatively predictable ranges since the Swiss and Euro zone economies are so closely linked...
Mike Dennis
EURJPY Actively traded 24-hours a day, the EUR/JPY is so popular that it has been called the fifth major! The EUR/JPY mostly trades in wide ranges, providing excellent opportunities for position (medium-term) traders...
Mike Dennis
Money you can afford to lose: Trading fx markets is speculative and can result in loss, it is also exciting, exhilarating and can be addictive. The more you are 'involved with your money' the harder it is to make a clear-headed decision...
Mike Dennis
Cycles are a unique kind of trading analytics, being one of the few types of market data that can be accurately measured. But understanding what the cycles mean and which trades to make based on them is an extremely complex process...
Mike Dennis
When markets move, particularly in Forex, they move fast. We all have witnessed breakouts and have had the occasion to lament a trade that got away. The beginning trader sees breakouts as a way of riding a strong wave of volatility and providing a quick profit...
Mike Dennis
USD/CHF Technical Strategy: Long at 0.9068 Support:0.9332, 0.9272, 0.9223 Resistance: 0.9429, 0.9526, 0.9586 The US Dollar soared to a 12-month high against the Swiss Franc after turning higher as expectedhaving put in a Bullish Engulfing candlestick pattern...
Mike Dennis
Here's what we all know. Forex is the biggest financial market in the world, with its daily volume of transactions dwarfing the US stock markets by 10 to 1...
Mike Dennis
This simple exercise will increase Forex profits 100% and works for 99% of all short-term FX traders - stop trading so much - widen out your stops - widen out your profit targets - and only trade in the direction of the trend indicated by 4 hour chart...
Mike Dennis
EUR/USD Monthly “Long term, a failed breakout and top would keep with the pattern of 3 year cycle tops. The break of 1.3476 completed a topping process with targets of 1.3294 (origin of diagonal), 1.3209 (2 equal legs), and 1.3012 (head and shoulders target...
Mike Dennis
Google is to pay at least $19m (£11.6m) to settle a formal complaint over unauthorised in-app purchases. The complaint came from the US Federal Trade Commission (FTC) which said Google should do more to warn people about how much they were spending...
Mike Dennis
A lesson on the structure of the Federal reserve for traders and investors in the stock, futures, and forex markets...
Mike Dennis
As hackers try to steal credit card data from Home Depot (HD) and naked pictures from Hollywood celebrities, cybersecurity companies are seeing big gains. Shares of both Palo Alto Networks (PANW) and FireEye (FEYE) -- two of the hottest stocks in the security world -- are on fire this week...
Mike Dennis
The Win Percentage If I had a strategy that has a win percentage over 90%, would you be willing to use it? If you quickly responded, “yes,” you should think a bit longer about what a 90% win rate actually means...
Mike Dennis
On Monday, August 25, 2014 the S&P 500 Index crossed 2,000 points for the first time ever more than 16 years after it hit 1,000. Take a look at the ten largest components then and now. #1 Then General Electric (GE) Market Value Then: $240.1 Billion % Index Then: 3.2...
Mike Dennis
Prices are aiming to extend upward after clearing resistance in the 1985.30-91.40 area marked by the 50% Fibonacci expansion and the July 24 high, with the bulls targeting the intersection of a formerly broken channel floor and the 61.8% level at 2006.80...
Mike Dennis
The USD/CAD pair tried to break above the 1.10 level during the course of the week, but failed yet again. This only tells us how important this area is, and that breaking above it does in fact send this market much higher...
Mike Dennis
Apple has created an iPhone 5 battery replacement program after it released a statement saying that it had discovered a “very small percentage” of units “may suddenly experience shorter battery life or need to be charged more frequently...
Mike Dennis
Monday (8/25) German Ifo Business Climate (August): Forecast: 107.1, July: 108.0 As economic data shows a slowdown in the Eurozone, businesses are feeling the pinch...
Mike Dennis
Prices broke support at 1297.82, the 38.2% Fibonacci expansion, to expose. the 50% level at 1290.15. A further push below that targets the 61.8% Fib at 1282.47. Alternatively, a reversal back above 1297.82 opens the door for a test of the 23.6% expansion at 1307.31...
Mike Dennis
Why You Should Support High-Frequency Trading RICK FERRI : High-frequency trading provides market liquidity, and that's good for individual investors. Some say it's unfair because a few very smart people are making money doing it. I disagree. Competition will take care of that...