Owner: Practical trader URL:http://practical-trader.com Join Date: Tue, 24 Jul 2007 14:45:13 -0500 Rating:0 Site Description: Blod about trading Forex currencies. Ideas, notes and tips from practical trader as well as free real time forex trading signal for daily trading. Site statistics:Click here
Forex Free Video 2007-07-24 08:23:22 I love watching video about Forex
trading.
Some free Forex video is very good and informative. Other video is just teasers (they tease you with little info and then try to sell you the rest or offer paid subscription). But both of the video: complete and teasers are a perfect studying resource that I use to my advantage.
How do I use those incomplete Forex lessons and previews - I look at setups, charts that were used for video and the topic introduction, in other words I try to take all the information from that very little piece of video and use it to my advantage - to study the possible trading outcomes, figure out some hidden ideas or sometimes Google the topic and see what printed resources I can find about it.
Many many times teasers actually gave a good inspiration and food for thought to tryout some other techniques and ideas.
This all creative process I’m talking about may probably not be suitable for a very Forex newbies… They need to start with full lessons and
Forex trading signals 2007-07-22 17:39:07 In the category called “Live Forex
Signals” I will be posting my Daily Forex trading signals. I trade daily charts and spend only 10-15 minutes each morning to check my open trades and make decisions about adding or closing some of them.
I’m going to be honest with you, reader. I will not be posting my system here anytime sooner or later. I can only say that it is a daily system that uses several common for every trading platform technical indicators. I developed it, tested it and now to me it worth a whole million, so I’m not going to sell it or talk about it here. Sorry. But I will post my free real time signals for daily trading for every Forex trader who decides to take the same trades as I do.
Also my first posts will probably be looking like some sort of testing attempts as I have to figure out the best way to deliver my Forex daily signals.
Good luck to everybody and let’s the trading begin!
Forex trading Blog — a new kid on the block 2007-07-22 17:02:17 Hi, I’m a Practical trader. I would like to open this blog as I’m opening my first real Forex
account after a year of demo trading. Do you think I will fail or become successful? I worked hard on my trading system, my discipline and my trading attitude. Now it is time to put my skills to the test.
What can be found at this Blog?
A lot of good and absolutely free material about Forex trading that I found to be useful in my everyday learning, demo trading and of course developing my own Forex trading system.In this blog I will post links to free Forex ebooks, tutorials, strategies and systems, forums and all other useful resources about Forex trading.
Are you new to Forex and want to learn about it? I’m sure this blog can help you big time! Make sure you bookmark it and return often to read my newest posts, trading ideas, notes and free real time trading signals.
Yes, that’s right, REAL TIME Forex trading signals. I’m willing to post my real time daily trading signals for every Read more:mdash
, block
Forex daily trading comments Friday July 27, 2007 2007-07-27 05:53:55
EUR-USD
1.3746. It should test 1.3774 area after which a sell off down to 1.3702 or extended to 1.3659 area is expected.
GBP-USD
2.0490. Current fall is near an end of wave around 2.0375 - 2.0483 zone, a rally should then proceede to above 2.0526 or 2.0560. Fall below 2.0355 would cancel this scenario.
USD-CHF
1.2038. While below 1.2070 - 1.2094 it might drop to 1.1989 or below 1.1941 zone.
USD-JPY
118.68. Overall structure is bearish. Decelerating momentum could attract it towards supports at 118.31 or 117.88. Major support is clustered around 116.79 limit.
EUR-JPY
163.15. Market should not go lower than 161.72. After this move down it should go up to 163.01 - 163.84 area.
EUR-GBP
0.6709. It should trade lower to 0.6689. Resistances are at 0.6711 and 0.6721. A break of 0.6735 is bullish.
EUR-CHF
1.6548. Market should meet resistance at 1.6581. Expect then an extended move down to 1.6526 -1.6450 area.
AUD-USD
0.8711. Market should meet resistance at 0.8761. Expect then Read more:Forex
, Friday
Forex daily market comments Wednesday August 1, 2007 2007-08-01 04:42:10 Wednesday August
1, 2007
EUR-USD
1.3684. Decline should be supported around 1.3666 - 1.3649 zone for rally to above 1.3745. A clear break of 1.3649 will damage this expected rally.
GBP-USD
2.0313. Strength can extend to 2.0346 or even higher than 2.0382 as declines are expected to find support at 2.0275 or 2.0240. A fall below 2.0167 could turn it bearish.
USD-CHF
1.2011. We prefer to see an attempt to below 1.1990 or below 1.1968 in extension. A clear break of 1.2038 is bullish.
USD-JPY
118.61. Current move should be supported in 118.53 zone for a rise to above 119.90. A break below 117.80 opens the way down.
EUR-JPY
162.31. It looks more likely that it would rise to above 163.06 or 163.40 from 162.18 or 161.63. After which a downside move to below 160.95 is expected.
EUR-GBP
0.6736. There is bearish potential for a fall to 0.6719 while 0.6742 - 0.6751 resist. After this fall a recovery up to 0.6751 or 0.6760 is expected.
EUR-CHF
1.6436. Prefer a fall to 1.6434 or 1.6403 Read more:Forex
, Wednesday
Forex daily market comments Tuesday July 31, 2007 2007-07-31 07:15:26 Tuesday July 31, 2007
EUR-USD
1.3697. It should test 1.3776 area after which a sell off down to 1.3636 or extended to 1.3576 area is expected.
GBP-USD
2.0247. It should test higher than 2.0298. Entry point are at 2.0215 and 2.019. A break of 2.0132 is bearish.
USD-CHF
1.2028. There is bearish potential for a fall to 1.199 or 1.1951 while 1.2065 - 1.2084 resist. After this fall a recovery up to 1.2065 or 1.2084 is expected.
USD-JPY
119.06. It looks set for gains to above 119.48. Supports at 118.54 and 118.75. A break of 118.33 will damage this bullish structure.
EUR-JPY
163.09. Market should hold major support at 161.43 before rising towards 163.97 or even 164.86 limit.
EUR-GBP
0.6764. A correction down to 0.674 followed buy a move up to 0.6767 or 0.6778. A break above 0.6793 would accelerate this bullish move.
EUR-CHF
1.6477. It should stay in a range trading between 1.6429 and 1.6509 for a while.
AUD-USD
0.8563. Is expected to fall lower than 0.8415. Entry sell point a Read more:Forex
, Tuesday
Forex daily market comments Monday July 30, 2007 2007-07-30 00:30:28 Monday July 30, 2007
EUR-USD
Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.3617 or 1.3594. Major support is clustered around 1.3528 limit.
GBP-USD
Market should not go lower than 2.0145. After this move down it should go up to 2.0253 - 2.0333 area.
USD-CHF
It should be subject to more sell off towards 1.203 or 1.1973. Corrective upward swings should face resistance around 1.2107 area. A break of 1.2165 is bullish.
USD-JPY
It should test 119.13 area after which a sell off down to 118.12 or extended to 117.42 area is expected.
EUR-JPY
Current fall is near an end of wave around 160.43 - 160.71 zone, a rally should then proceede to above 162.91 or 163.35. Fall below 160.31 would cancel this scenario.
EUR-GBP
Currently uptrend should end around 0.6758 - 0.6744 area. A correction down to below 0.6714 is expected. A rise above 0.6754 will abort the expected correction.
EUR-CHF
It may meet resistance in 1.6486 - 1.6507 zone for Read more:Forex
, Monday
Forex daily market comments Friday August 3, 2007 2007-08-03 04:20:17 Friday August
3, 2007
EUR-USD
1.3703. Market looks set for gains towards 1.3722 or above in extension. Dips should find support at 1.3686 - 1.3677 zone.
GBP-USD
2.0373. It should trade lower to 2.0247. Resistances are at 2.0344 and 2.0376. A break of 2.0407 is bullish confirmed by a close above 2.0460 limit.
USD-CHF
1.2046. Preferred view is for a drift down to 1.2019 or below 1.1991. Resistances is at 1.2030. A rise above 1.2079 would delay but not abort this expected fall.
USD-JPY
119.21. It should trade higher to 119.61 while 118.97 or 118.77 offers support. Stop loss below 118.57 zone.
EUR-JPY
163.36. It should trade higher to 164.05 while 162.81 or 162.46 offers support. Stop loss below 162.11 zone.
EUR-GBP
0.6726. It looks set to visit further lower territory down to below 0.6713. Its corrective attempts should fail around 0.6728 area.
EUR-CHF
1.6506. Current up move should be over between 1.6512 and 1.6481. A correction down to 1.6384 is anticipated. A break of 1.6 Read more:Forex
, Friday
Forex daily market comments August 2, 2007 2007-08-02 04:57:46 Thursday August
2, 2007
EUR-USD
1.3667. It is likely to fall towards 1.3633 as its corrective rally could falter in 1.3688 - 1.3671 area. Stop above 1.3705 zone.
GBP-USD
2.0324. It should be subject to more sell off towards 2.0234 or 2.0145. Corrective upward swings should face resistance around 2.0418 area. A break of 2.0412 is bullish.
USD-CHF
1.2044. It should be subject to more sell off towards 1.1999 or 1.1954. Corrective upward swings should face resistance around 1.2101 area. A break of 1.2083 is bullish.
USD-JPY
118.95. It should test 120.26 area after which a sell off down to 118.04 or extended to 117.12 area is expected.
EUR-JPY
162.58. It should test 164.34 area after which a sell off down to 161.05 or extended to 159.51 area is expected.
EUR-GBP
0.6725. We prefer to see an attempt to below 0.6715 or below 0.6704 in extension. A clear break of 0.6740 is bullish.
EUR-CHF
1.6462. It should test 1.6571 area after which a sell off down to 1.6384 or extended to 1.63 Read more:Forex
Forex daily signals Wednesday August 15, 2007 2007-08-15 05:57:31 Wednesday August
15, 2007
EUR-USD
1.3533. It should register further gains to 1.3595 while 1.3501 caps downside attempts. Stop loss below 1.3469 zone.
GBP-USD
1.9968. Support at 1.9966 or 1.9853 should hold the downside for a correction to above 2.0079 zone.
USD-CHF
1.2110. Uptrend is still intact. It should continue to rally to 1.2159 or 1.2175 if support around 1.2086 hold. After which a pullback to 1.2086 - 1.2070 zone is possible.
USD-JPY
117.57. Overall structure is bearish. Decelerating momentum could attract it towards supports at 117.42 or 117.25. Major support is clustered around 116.63 limit.
EUR-JPY
159.11. Support at 159.10 or 157.82 should hold the downside for a correction to above 160.39 zone.
EUR-GBP
0.6777. A correction down to 0.6757 or lower is now expected from 0.6777 or 0.6787. A break above 0.6816 is needed to turn bullish.
EUR-CHF
1.6388. Preferred outlook is for a drift down to below 1.6337. Resistances are at 1.6388 and 1.6403. A rise above 1.6429 Read more:Forex
, Wednesday
Forex daily market comments Tuesday August 14, 2007 2007-08-14 02:40:42 Tuesday August
14, 2007
EUR-USD
1.3613. Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.3600 or 1.3575. Major support is clustered around 1.3527 limit.
GBP-USD
2.0125. Overall structure is bearish. Decelerating momentum could attract it towards supports at 2.0077 or 2.0054. Major support is clustered around 2.0031 limit.
USD-CHF
1.2053. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2090 or 1.2123 if support around 1.2031 hold. After which a pullback to 1.2031 - 1.2014 zone is possible.
USD-JPY
118.25. It should trade higher to 118.65 or above 119.05 in extension. Supports at 117.97 and 118.17. Stop loss below 117.77 zone
EUR-JPY
160.97. It might hold above 160.79 or 160.30 for a rise towards above 161.93. Stop loss below 160.30 zone.
EUR-GBP
0.6764. There are initial signs of a good corrective recovery towards 0.6787 or even 0.6809. Supports at 0.6761 and 0.6750 zone.
AUD-USD
0.8422. It sho Read more:Forex
, Tuesday
Forex daily market comments Monday August 13, 2007 2007-08-13 02:50:18 Monday August
13, 2007
EUR-USD
1.3690. Is expected to fall lower than 1.3619. Entry sell point are at 1.3701 or 1.3720. Stop loss above 1.3720.
GBP-USD
2.0229. It should test higher than 2.0281. Entry point are at 2.0192 and 2.0166. A break of 2.0102 is bearish.
USD-CHF
1.1987. A corrective/consolidation activity between 1.1939 and 1.2013 is likely for a while.
USD-JPY
118.53. It should test 119.62 area after which a sell off down to 117.58 or extended to 116.64 area is expected.
EUR-JPY
0.6771. Is expected to fall lower than 159.00. Entry sell point are at 162.47 or 163.30. Stop loss above 163.30.
EUR-GBP
0.6771. It should trade higher to 0.6786 while 0.6768 or 0.6761 offers support. Stop loss below 0.6753 zone.
EUR-CHF
1.6418. It should test 1.6493 area after which a sell off down to 1.6333 or extended to 1.6248 area is expected.
AUD-USD
0.8449. It may meet resistance in 0.8449 - 0.8453 zone for a drift down to 0.8438 zone, after which bounce to 0.8479 is anticipated. Read more:Forex
, Monday
Forex Market Hours Monitor 2007-08-19 06:52:51 Forex MarketHoursMonitor
— a freeware program to monitor forex trading market. I would recomend it to anyone who wants to have markets timetable on their hands. Very handy tool and is very essential in every aspect of Forex trading, at least until you memorize the markets timing.
read more | digg story Read more:Forex
Forex Video lessons 2 2007-08-18 10:50:16 Here comes the second part of free video tutorials on trading.
You may notice that sometimes it is about trading stocks, not Forex
. I would say, it does not matter, it is still about price fluctuations and majority of indicators and techniques used for trading stocks are used to trade Forex.
Enjoy!
Trader training videos. These videos use [...]
Forex daily market comments Friday August 17, 2007 2007-08-17 00:13:47 Friday August
17, 2007
EUR-USD
1.3426. It should test higher than 1.3462. Entry point are at 1.3393 and 1.3375. A break of 1.3324 is bearish.
GBP-USD
1.9829. It may meet resistance in 1.9829 - 1.983 zone for a drift down to 1.9827 zone, after which bounce to 1.9860 is anticipated.
USD-CHF
1.2164. It looks more likely that it would rise to [...] Read more:Forex
, Friday
Forex daily signals Thusday August 16, 2007 2007-08-16 02:43:48 Thursday August
16, 2007
EUR-USD
1.3441. It should register further gains to 1.3507 while 1.3407 caps downside attempts. Stop loss below 1.3373 zone.
GBP-USD
1.9887. Structure is bearish to 1.9871 or 1.9837 limit but slowing momentum suggests a correction first to 1.9930 or 2.0022 zone.
USD-CHF
1.2191. Currently uptrend should end around 1.2258 - 1.2225 area. A correction down to below [...] Read more:Forex
Forex currency volatility hurts carry trade 2007-08-22 05:34:26 Mid July 2007 has caught many carry traders off-guard. Currency investors are suffering their biggest losses in years as wider swings in Forex
currency market knock the carry trade off the rails.
Carry trade, the most profitable strategy in foreign exchange, thrives when exchange rates are stable since the technique involves buying and investing currencies of [...]
Forex daily market comments Wednesday August 22, 2007 2007-08-22 02:47:37 Wednesday August
22, 2007
EUR-USD
1.3466. Preferred outlook is for a drift down to 1.3441 or below 1.3417. Resistances are at 1.3466 and 1.3481. A rise above 1.3505 would delay but not abort this expected fall.
GBP-USD
1.9818. It is likely to fall towards 1.966 unless a corrective rally breaks the 1.9863 resistance. Stop above 1.9902 zone.
USD-CHF
1.2062. It should [...] Read more:Forex
, Wednesday
Forex daily market comments Tuesday August 21, 2007 2007-08-21 02:05:46 Tuesday August
21, 2007
EUR-USD
1.3474. Decline should be supported around 1.3453 - 1.3433 zone for rally to above 1.3529. A clear break of 1.3433 will damage this expected rally.
GBP-USD
1.9877. It should trade lower to 1.9718. Resistances are at 1.9850 and 1.9890. A break of 1.9929 is bullish confirmed by a close above 1.9959 limit.
USD-CHF
1.2058. It may [...] Read more:Forex
, Tuesday
Forex daily market comments Monday August 20, 2007 2007-08-20 02:14:38 Monday August
20, 2007
EUR-USD
1.3492. A corrective/consolidation activity between 1.3392 and 1.3647 is likely for a while.
GBP-USD
1.9818. It should trade higher to 1.9952 or above 2.0086 in extension. Supports at 1.9735 and 1.9802. Stop loss below 1.9668 zone
USD-CHF
1.2053. It is likely to attempt to go below 1.1891 while below 1.2053 - 1.2076 area. Rise above 1.2157 [...] Read more:Forex
, Monday
Forex daily market comments Friday August 24, 2007 2007-08-24 02:36:26 Friday August
24, 2007
EUR-USD
1.3565. Current rise should end around 1.3562 or 1.3591. Objectives of this down move are 1.3537 or 1.3508. A rise above 1.3616 is again bullish.
GBP-USD
2.0058. A correction down to 1.9952 followed buy a move up to 2.0076 or 2.0129. A break above 2.0200 would accelerate this bullish move.
USD-CHF
1.2072. Decline should be supported [...] Read more:Forex
, Friday
Forex daily market comments Thursday August 23, 2007 2007-08-23 02:20:18 Thursday August
23, 2007
EUR-USD
1.3542. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.3555 or 1.3615 if support around 1.3514 hold. After which a pullback to 1.3514 - 1.3496 zone is possible.
GBP-USD
1.9928. It should trade higher to 1.9971 while 1.9887 or 1.9865 offers support. Stop loss below 1.9843 zone.
USD-CHF
1.2064. While [...] Read more:Forex
, Thursday
Forex daily market comments Thursday August 30, 2007 2007-08-30 03:08:01 Thursday August
30, 2007
EUR-USD
It looks set for gains to above 1.3717. Supports at 1.362 and 1.364. A break of 1.3599 will damage this bullish structure.
GBP-USD
It should trade higher to 2.0251 while 2.0107 or 2.007 offers support. Stop loss below 2.0032 zone.
USD-CHF
Preferred outlook is for a drift down to below 1.195. Resistances are at 1.1997 and [...] Read more:Forex
, Thursday
Forex daily market comments Wednesday August 29, 2007 2007-08-29 03:15:03 Wednesday August
29, 2007
EUR-USD
There is bearish potential for a fall to 1.3577 while 1.3628 - 1.3642 resist. After this fall a recovery up to 1.3642 or 1.3655 is expected.
GBP-USD
Market should meet resistance at 2.0053. Expect then an extended move down to 1.9977 -1.9916 area.
USD-CHF
It may attempt a test higher to 1.2024 - 1.2044 after which [...] Read more:Forex
, Wednesday
Forex daily market comments Tuesday August 28, 2007 2007-08-28 01:43:56 Tuesday August
28, 2007
EUR-USD
Decline should be supported around 1.3627 - 1.3606 zone for rally to above 1.3704. A clear break of 1.3606 will damage this expected rally.
GBP-USD
Decline should be supported around 2.0097 - 2.0071 zone for rally to above 2.0217. A clear break of 2.0071 will damage this expected rally.
USD-CHF
It should test 1.204 area after [...] Read more:Forex
, Tuesday
Forex daily market comments Monday August 27, 2007 2007-08-27 02:57:36 Monday August
27, 2007
EUR-USD
1.3667. Uptrend is still intact in a triangle configuration. It should continue to rally to 1.372 or 1.3762 if support around 1.3634 hold. After which a pullback to 1.3634 - 1.3611 zone is possible.
GBP-USD
2.0134. Uptrend is still intact in a triangle configuration. It should continue to rally to 2.0171 or 2.0243 if [...] Read more:Forex
, Monday
Forex daily market comments September 3, 2007 2007-09-03 03:03:52 Monday September
3, 2007
EUR-USD
While below 1.3654 or 1.3671 it could fall towards below 1.3588 or 1.3555. After which a corrective/consolidation activity is expected.
GBP-USD
While below 2.0136 or 2.0168 it could fall towards below 2.0104 or 2.0045. After which a corrective/consolidation activity is expected to 2.0198 zone.
USD-CHF
Market looks set for gains towards 1.2122 or above in extension. [...] Read more:Forex
Forex daily market comments Friday August 31, 2007 2007-08-31 01:23:06 Friday August
31, 2007
GBP-USD
Current up-move should continue up to 2.0187 or 2.0257. Any correction should find support in 2.0116 - 2.0081 zone.
USD-CHF
Current rise seems to be over near 1.2058 or 1.2082 for a retracement towards 1.2033 - 1.2017 area.
USD-JPY
Strength can extend to 116.05 or even higher than 116.33 as declines are expected to find support [...] Read more:Forex
, Friday
September 27, 2007 Forex daily market signals 2007-09-27 04:21:13 EUR-USD
Support at 1.4105 - 1.4083 area should hold allowing the price to develop a rally towards 1.4185. Violation and break of 1.4083 will put rally in question.
GBP-USD
Nearest, but not very strong support is at 2.0103, the market can move further down towards 2.0048, resistance at 2.0158 - 2.0188 zone should hold. Breaking above 2.0215 would [...] Read more:September
, Forex
Forex daily market signals September 25, 2007 2007-09-25 01:07:09 EUR-USD
The price is expected to fall below 1.4059 / 1.4031 Current resistance levels - 1.4086 and 1.4094. A break up and above 1.4122 should postpone the down move.
GBP-USD
Currently the price may attempt to challenge support at 2.0175. If it holds the price may rise up towards 2.0295, if support fails expect a dip below 2.0126 [...] Read more:September
, Forex
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