Hey Testers! Thanks so much for your partnership in making this software a success. If you have a question that needs answered and has not been taken care of yet, please leave a comment with enough detail for our programmer to answer it adequately. Once again, I am very excited that you have joined us [...] Read more »
The World of a Forex Newbie? Bearish Wombats and Bullish Aardvarks? Oh my!
Coffee in one hand, cigarette in the other, I watch the candles move. They blur, taking on a life of their own as the monster breathes. Uptrend, downtrend or ranging; the candlesticks remain in continuous motion as this beast meanders along its path. Regardless of the speed, volume or movement, rest assured (or not) the market makers are pulling the strings, because it is they who control this beast. Read more »
Wisdom from a Future Forex Millionaire
I received this email today from a valuable member of our trading room. I've seen him in the room go from asking "newbie" questions to providing his own (accurate) pair analysis. He will reach the seven figure level in due time as long as he keeps up this kind of progress and discipline. With his permission, I'm sharing this because I really feel this will be of value to others. Read more »
Trader’s Tech #8 – Futures and the Dollar Index
As many of you already know, as currency traders it's very important for us to keep abreast of the US Dollar index, equity and futures prices. Over the years, I've used several web sites to keep track of these (quote.com, bigcharts.com, etc.) and all of them have been helpful, but rather inconvenient. My search finally came to an end with help from a couple Winners Edge Trading trading room members (thanks Jack & Cycling Bear.) Read more »
EUR/JPY Trade Opportunity
Well, here you go. Two trade opportunities in one weekend. I guess you just have to do what the market requires and EUR/JPY seems to be requiring a trade. ;) Read more »
EURGBP Trade Opportunity
Well it looks like the EUR/GBP pair is going to give us a nice opportunity this week. As most of you know, I like to start at the weekly or monthly chart and drill down from there. It gives me much better perspective on the possible direction of a pair. Read more »
CAD/JPY – Let’s Try It Again
So I guess you can tell that I REALLY want to get long on the CAD/JPY, right? Well, here's another attempt to take advantage of this heavy duty support on the weekly chart. Read more »
Trader’s Tech #7 – Synergy
Have I mentioned that I was a total geek? Well, I use three to four computers when I trade and spread the charts and other apps (Twitter, email, browser, etc.) around between them. As you can imagine, this means I had a herd (or is it a gaggle) of keyboards and mice cluttering my desk. Having at one time been in the ISP business, I have several hardware KVM (Keyboard, Video, Mouse) switches lying around gathering dust and have considered using one of those to reduce the clutter. But the more I thought about having to press buttons to switch between computers, the less I liked the idea of using those. Read more »
USD/CHF Hourly 123 Reversal
ForexLive is reporting big bids near 98.25/50 on USD/CHF. The pair hit a low of 98.37 and is now showing a 123 low reversal pattern on the hourly chart: Read more »
