Here's another NYTime trading system update, now that we're at the end of October. I wasn't able to grab the figures for the last day (31st) because the day hadn't been closed off yet. Apart from that though, the month has seen moderate profits of around 8.3% return. Read more »
Usd/Cad: Upcoming Entry
Yesterday I shared a possible trade setup on the Eur/Usd, today I thought I would write about the Usd/Cad. The price in this pair has been trending up and is about to break the downward trendline. If this trendline is broken on the daily chart that will be a good entry point long for the Usd/Cad. Read more »
Eur/Usd: Euro Ended Week Down, Possible Trendline Break
The Euro lost some major ground this week because of a downturn in the U.S. Stock market. The fear is coming back and it appears as if the recovery that everyone was so excited about is not happening as expected. Read more »
Don’t Throw Good Money After Bad!
To say I was unprepared for the Forex business would be an understatement. I spent my professional life working with trees! I figured that Forex couldn't be too different, right? Wrong! Let me say that again: WRONG. Yes, it deserves to be capitalized. Read more »
Eur/Usd: Dollar Rebound Due To Fear
The risk aversion on Dollar has moved the Eur/Usd back and trading in action the Dow dropped 1% today due to fear. The pair moved to 1.4700 which is over 300 pips from the high reached earlier this month. Read more »
Eur/Usd: Euro Correction Today
The eur/usd has had a major correction falling over 100 pips in Monday's trading session. The price dropped quickly and the fall stopped just as quickly halting at a strong resistance level of 1.4842. This trading area was tested 3 times previously and the price did not break through. Read more »
One That Got Away
When reading articles from experienced forex traders trying to teach you something, you normally only hear about how this one was a winner and that one made you 500 pips. Well, here's a spanner in the works - here's how things can go wrong too, because it happens to all of us and it's part of trading. Read more »
I Thought I Could Be A 4x Trader?
Tony is an average working man that thought he would give Forex Trading a try. It was not easy for Tony he has traded for 4 years and has been through many forex guru programs and has the empty bank account to prove it. Read more »
Eur/Usd: Crossed The All Important 1.5000 Level, What’s Next?
The Eur/Usd has finally hit 1.5000. I actually mentioned this quite a while back in this post here. So now we are finally here, what happens from here? The current up trend has been very strong and that could continue for a long, long time. However I recently heard one person comment and say that the war is not over yet. It appears that every one and everything is against the Dollar right now. So how could the Dollar make a comeback? Read more »
Currency Correlations
There's a buzz around the forex world at the moment in regard to correlations between currency pairs and how you can use them to your advantage in your trading. While I haven't personally downloaded or read any of the "secret" reports on this subject, I thought it might be useful to discuss this topic and to give some examples of how I use currency correlations in my own trading... Read more »
