FOREX Trading Strategy 2007-09-25 12:57:00 I ventured into the Forex market a little more than 1 year ago. I have tried and tested many different types of trading techniques and styles. Most were failures and some were successful. From my experience, traders making money in Forex will not reveal their trading system, simply because somebody has to lose money in order for you to make money. Currently I have two strategies working for me. I started with a demo account a little more than one year ago and used the obvious techniques such as technical analysis and fundamentals. Technical analysis seemed to be the easiest method for an inexperienced trader since it only required looking at charts as opposed to watching the news. I used indicators such as MACD, Fibonacci, and RSI to help assess the market and make a prediction on price movement. Needless to say I was successful in my demo account, however when I went live, fear set in and I could not trade using the same techniques I had developed over 4 months of trading with a de Read more:Trading
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Forex Forecasts - You Never Know What You Will Benefit From 2007-09-25 12:55:00 Possible risks and profits to be made can always be predicted if traders would only have more accurate Forex
forecast to base their trade and decisions upon. Forex forecasts are only one way of keeping up with the volatile Forex market. Success will depend the most in knowing what and who will affect the rate changes. The Forex market has already been through a lot of ups and downs that even fortune tellers would have difficulty guessing what will be its next movement. Making a Forex forecast can be helpful but can also be too risky. Besides, doing it is not that easy also. In Forex forecasts, nothing specific is given. The traders are not made to hope high and expect more. If you have seen or heard a Forex forecast, be sure to check on some projected rate fluctuations whenever and wherever possible so you would have an idea it the Forex forecast shows a likely possibility to be true or not. Staying in touch and up-to-date with the latest news and happenings around the globe and
Overview Of Forex Investing Strategies 2007-09-25 12:06:00 Forex
trading refers to an international, 24/7, over the counter, exchange market where currencies of different nations are bought and sold. Trading is always done in pairs assuming the price of currency bought to go up and that sold to fall down. It is the largest liquid financial market making it impossible for any single investor to influence the prices of currencies. There are two kinds of Forex investing strategies: TECHNICAL ANALYSIS FUNDAMENTAL ANALYSIS TECHNICAL ANALYSIS: Technical analysis is mostly undertaken by small and medium size investors. A technical analysis considers factors that are actually affecting the market rather than factors that can affect it. Thus the price quoted reflects all the factors that have influenced it. Only market generated facts and figures are taken into account and factors like fear, hope, expectations or other changes are not considered. Thus the analysis is generally based on these suppositions: * Price reflects all actual market mov Read more:Strategies
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Crown Forex Signal 25 Sept 2007 2007-09-25 03:06:00 Signal Forex
EURO The European currency started to depreciate yesterday, after it hit the all time high at 1.4130s resistance level, until the levels of 1.4060s. In the meantime, the currency is expected to move down today as well in order to make some correction.The trading range for today might be between the key resistance level at 1.4150 and the key support level at 1.3970.The general trend is up as far as 1.3600 remains intact targets now at 1.4500 and 1.4885. Support 1.4068 1.4033 1.4000 1.3975 1.3945 Resistance 1.4099 1.4125 1.4150 1.4175 1.4200 Recommendation We expect selling Euro below 1.4100 with a target at 1.4035, stop loss above 1.4040. Read more:Crown
5EMAs_forex_trading_system 2007-09-24 23:34:00 5EMAs Forex Trading System The 5EMAs Forex System reveals a secret method of predicting market movements, thanks to which you will understand how to potentially turn $1,000 into $1,000,000 in 24 months (or $10,000 into $1,000,000 in just 12 months). I will teach you - step by step - how to identify amazingly accurate trades that with unique Money Management techniques, developed especially for this system, will allow to you to earn huge returns from the Forex market. Important: This system has only recently been revealed! You will see screenshots illustrating actual trades which prove this fact. Depending upon the exit strategy selected, the system can generate monthly returns of between 30% and 55%. The following are just SOME of the many incredible benefits and highlights of the system: It uses an incredibly accurate formula (never before revealed to the public)
Forex Technical Analysis 25 September 2007 2007-09-24 22:30:00 GBPUSDWeekly Trend direction: Bearish Weekly trend reversal level: 2.0350 Key G7 Resistance levels: 2.0280 Counter-trend opportunities: None Strategy: Whilst below the weekly trend reversal level, sell rallies to resistance levels after an entry signal. Today's trade suggestion: Stopping abruptly at 2.0320, the pound has plunged lower to 2.0100 as expected. Allow for some backfilling from here back to 2.2000, and then another lunge lower to 2.0000. Summary: Sell near 2.0200 for another test of 2.000 and then on to 1.9600. GBP/USD Hourly chart: GBP/USD Weekly chart: By: Forex
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Forex Fundamental Analysis 25 September 2007 2007-09-24 22:20:00 Will EUR/USD Target New Highs Or Take A Dive On Tuesday's US Data?Consumer Confidence (SEP) (10:00 EST; 14:00 GMT) Expected: 104.2Previous: 105.0 Existing Home Sales (AUG) (10:00 EST; 14:00 GMT) Expected: 5.49M Previous: 5.75M How Will The Markets React?As if US economic data hasn't been bad enough, the release of consumer confidence and housing figures on Tuesday may only exacerbate the dour sentiment regarding the chances of a recession in the country. The Conference Board's consumer confidence survey is expected to fall to a 13-month low of 104.2 in September
amidst volatility in the financial markets and record high oil prices. Such a decline won't be entirely surprising, as the sentiment index has slowly edged down throughout the year as consumer become increasingly pessimistic about job prospects and spending plans. The other lynchpin of gloomy confidence reports: pronounced Read more:Forex
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Real Time Forex Signal 25 September 2007 2007-09-24 17:09:00 Forex Signal Tuesday September
25, 2007 EUR-USD 1.4086. Our preferred outlook is for a drift down to 1.4059 or below 1.4031. Resistances are at 1.4086 and 1.4094. A rise above 1.4122 would delay but not abort this expected fall. USD-CHF 1.1726. It should be subject to more sell off towards 1.1689 or 1.1653. Corrective upward swings should face resistance around 1.1733 area. A break of 1.17775 is bullish. USD-JPY 114.86. Prefer a fall to below 114.54. Then a correction to above 115.73 is anticipated. A clear break of 114.21 is again bearish. GBP-USD 2.0223. Should test support at 2.0175 while below 2.0223. If support at 2.0175 holds it can rise up to 2.0295, if not it should fall to below 2.0126 zone. EUR-CHF 1.6518. Our preferred outlook is for a drift down to 1.65 or below 1.6482. Resistances are at 1.6518 and 1.6525. A rise above 1.6543 would delay but not abort this expected fall. EUR-JPY 161.79. While above 161.65 - 161.31 zone a Read more:Forex
Forex Calendar 25 September 2007 2007-09-24 17:05:00 Forex Calendar
(GMT -5) Eastern Time (US & Canada) Tue Sep 25 2:00am EUR German Import Price Index m/m 0.0% 0.3% 2:45am EUR French Consumer Spending m/m 0.3% 1.6% 4:00am EUR German Ifo Business Climate Index 105.0 105.8 4:00am EUR German Ifo Business Expectations Index 99.5 100.4 4:00am EUR Italian Retail Sales m/m 0.1% 0.1% 4:00am CHF Consumption Indicator 2.261 4:30am GBP Business Investment q/q (r) 0.8% 0.8% 5:00am EUR Italian Trade Balance 1.43B 0.38B 9:00am USD National Home Price Index 199.2 Read more:September
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100_Hedging_Strategies 2007-09-24 11:16:00 100% HedgingStrategies
Hedging is defined as holding two or more positions at the same time, where the purpose is to offset the losses in the first position by the gains received from the other position. Usual hedging is to open a position for a currency A, then opening a reverse for this position on the same currency A. This type of hedging protects the trader from getting a margin call, as the second position will gain if the first loses, and vice versa. However, traders developed more hedging techniques in order to try to benefit form hedging and make profits instead of just to offset losses. In this page, we will discuss, some of the hedging techniques. 1. 100% Hedging. This technique is the safest ever, and the most profitable of all hedging techniques while keeping minimal risks. This technique uses the arbitrage of interest rates (roll over rates) between brokers. In this type of hedging you will need to use two brokers. One broker which pays or charges interest at end of
Crown Forex Signal 24 Sept 2007 2007-09-24 04:46:00 Signal Forex
EURO The European currency managed to move in an irregular movement last week to record and all time high. Today the euro is expected to continue the upside move as the euro couldn’t breach the major up trend line beside the technical parameters that indicate the upside potential until 1.4200 levels .The trading range for today might be between the key resistance level at 1.4250 and the key support level at 1.4050.The general trend is up as far as 1.3600 remains intact targets now at 1.4500 and 1.4885. Support 1.4068 1.4033 1.4000 1.3975 1.3945 Resistance 1.4099 1.4125 1.4150 1.4175 1.4200 Recommendation We expect buying Euro above 1.4100 with a target at 1.4175, stop loss below 1.4070. Read more:Crown
Real Time Forex Signal 24 September 2007 2007-09-24 01:02:00 Forex Signal Monday September
24, 2007 EUR-USD 1.4090. One move lower to 1.4048 or 1.4006 is anticipated while below 1.4105 - 1.4126 area. Stop loss above 1.4162 zone. USD-CHF 1.1721. Current fall is near an end of wave around 1.1645 - 1.1713 zone, a rally should then procede to above 1.1747 or 1.1769. Fall below 1.1630 would cancel this scenario. USD-JPY 115.38. It may attempt a test higher to 115.62 - 115.97 after which weakness may set it to a drift down to below 114.68 limit. GBP-USD 2.0203. Currently uptrend should end around 2.0302 - 2.0252 area. A correction down to below 2.0115 is expected. A rise above 2.0302 will abort the expected correction. EUR-CHF 1.6514. N/A EUR-JPY 162.58. It should trade higher to 163.24 while 162.19 or 161.86 offers support. Stop loss below 161.53 zone. EUR-GBP 0.6975. While below 0.6986 - 0.6997 it might drop to 0.6953 or below 0.6931 zone. AUD-USD 0.8647. Preferred view is for a fa Read more:Forex
Technical Analysis 24 September 2007 2007-09-24 00:45:00 Daily Forex Market CommentaryThe dollar remains under pressure versus the European currencies while dollar/yen made a mild recovery. Given that the pound rallied more and formed a bearish reversal against the euro, all eyes will be on this European cross. Elsewhere, shorting yen on the crosses remains in favor.Euro/dollar The euro/dollar edged up to a new all-time high the day on Friday. The overbought pair should see some pullback on profit taking before the next move higher. However, sell only on a stop loss basis. Above 1.4140, strong resistance is seen only at 1.4260. Next resistance is pegged at 1.4305. Below 1.4050, euro/dollar has support at 1.3980. The next level is 1.3895. Oscillators are rising. NEAR-TERM: Mixed with downside biasMEDIUM-TERM: BullishLONG-TERM: BullishDollar/yen Dollar/yen traded climbed up on Friday and long euro/yen and carry trades remain favored. Immediate resistance is seen at 115.50 from another 50-point pivot, which targets 115.00 and 116.00. The ne Read more:September
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Forex Fundamental Analysis 24 September 2007 2007-09-24 00:33:00 Forex Market Summary U.S. Dollar Trading (USD) once again traded near record lows against the Euro and continued to ease against a basket of majors having rebounded earlier, with ongoing views Federal Reserve will look to cut rates further in an attempt to stimulate the economy. In U.S. share markets the NASDAQ was up 16.93 points (0.64%) whilst the Dow Jones was also up 53.49 points (+0.39%). Crude oil moved away from its recent record highs, down US$0.48 a barrel to US$81.30. Looking ahead, Fed chairman Bernanke will be speaking in Washington on Monday at 1700 GMT. The Euro (EUR) traded at an all time high on Friday on a broadly bearish dollar. The Euro traded at a high of 1.4120 on Friday, reaching an all time peak since the inception of the currency. The Euro was able to gain 1.5% throughout the week versus the USD. Overall the EURUSD traded with a range of a low 1.4056 and a high of 1.4120 before closing the day at 1.4072 in the New York session. Looking ahead, data out of the E Read more:September
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Elliot Wave Signal 23 September 2007 2007-09-23 21:51:00 Elliot Wave SignalGBP/USD. TimeFrame = 4Hrs (Short Term Trade for Moderate High & Medium Risk) Signal = Buy at Market Price signal. Risk Reward Ratio = Between 0.8 ~ 1.5 (high-medium risk) We have three target profit for this signal.1st = 2.0300 , 2nd=2.0400 and Last = 2.0500 area. Stop at below previous low at wave ii at 1.9945 area. Great Britain Pound Elliott wave Analysis :- Our point of view of current GBP/USD market is still on the bullish side. We could see GBP/USD make new high this week, if it does then our first target will be at wave iii of Elliott Micro Wave Degree at 2.0300 area then 2.0400 for Subminuette wave iii and finally at 2.0500 for Subminuette extended wave iii. If Cable failed to pass previous week high and make a lower low then last week then we can assume the cable done with a-b-c correction and prepared for early impulsive wave i.Then we can start calculate for our new entry at wave ii. Below is our Elliott wave count for possible impulsive wave iii up Read more:September
, Elliot
Elliot Wave Signal 22 September 2007 2007-09-22 14:46:00 Elliot Waves SignalUSD/CAD Today I bring in one more currency to my Elliott wave signal.Its the Canadian dollar ( CAD) currency.CAD/USD Elliott Wave Signal. Elliott wave Signal for Medium term with high risk trade. TimeFrame = Daily. Signal = Limit Sell Signal when market retrace at price 1.0090-1.0080 area. Target Profit = First target is wave v at 0.9835 area Stop Loss = 1.0160 area. Risk Reward Ratio = between 0.0 and 0.5 (HIGH RISK) USD/CAD Elliott wave Analysis :- From our analysis USD/CAD just made an extended impulsive elliott wave iii down so we expect there is a retrace in market price in near term. This signal is triggered if market intend to continue its momentum to the lower low. Our Entry is open between 1.0080- 1.0090 area with the first target at moderate degree of elliott wave v between 0.9850-0.9830 area.And if market continue to expand our final target for extended wave v may archived. All our Elliott wave counts illustrated in below USDCAD daily chart:- From: Elliot Read more:September
, Elliot
Automated Trading Systems for Financial Markets and Recommendations for Their Usage 2007-09-22 12:52:00 1. Introductions Today, using information and trading platforms has become a de facto requirement for successful trading in the financial markets. Their advantages as compared to conventional trading schemes include, for example, an unprecedented speed of processing and delivery of information to end users, the level of integration with data providers, and a wide array of built-in technical analysis instruments. At the same time, an investor opening an account with a brokerage firm simply cannot simultaneously manage the real-time analysis and trade in more than 4-6 financial instruments in several markets 24 hours 7 days a week. This brings about the need to employ automatic trading systems in the form of runtime environment with client and server parts and the programs to control these systems (scripts). 2. Comparative Analysis of the Problem Area Various software components embrace the entire target sector of the market-from analytics and forecasting to complex trade and admini Read more:Financial
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Forex Fundamental Analysis 21 September 2007 2007-09-21 04:05:00 Will Canadian Retail Sales Push USD/CAD Below 1.0000 On Friday?Retail Sales (JUL) (08:30 EST; 12:30 GMT)Expected: 0.0%Previous: -0.9% Retail Sales ex Autos (JUL) (08:30 EST; 12:30 GMT)Expected: 0.3%Previous: -0.3% How Will The Markets React? Canadian retail sales growth excluding autos is expected to improve slightly during the month of July at a rate of 0.3 percent. However, the headline reading is anticipated to fall flat after plummeting 0.9 percent the month prior. Domestic demand has increasingly become a major contributor to broad expansion in the Canadian economy, though exports remain the most critical lynchpin of growth. With the national unemployment rate at 33-year lows of 6.0 percent and wage growth picking up as well, it's no wonder that retail sales have shown such improvements. If the overall export economy is to weaken expansion as expected as the Canadian dollar moves to pa Read more:September
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Elliot Waves Signal 21 September 2007 2007-09-21 03:34:00 EUR/USD Medium term trade. TimeFrame = 4Hrs Signal = BUY market price. Risk Reward Ratio =Between 0.0 to 0.5 Short term target for Extended SubMinutte Wave v at 1.4200 area for 1st target and 1.4400 for 2nd . Stop Loss at 1.3820 area. EUR/USD Elliot
t wave Analysis :- Euro has made a bullish rally since 1.3400 and just few days back it touched our previous EUR/USD target and break a new record high >1.4000 barrier.Since then market traded above that level. For our latest EUR/USD signal we expect a minimal expansion for the first target (1.4200) and if market still pushing Euro then we could see extended wave v reached at 1.4400 area. Still there is a BIG possibility of trader having their 1.4000+ earning pulled out.If that happen we could see first EUR/USD correction towards wave a , b and c as illustrated below :- By: Elliot Waves
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Technical Analysis 21 September 2007 2007-09-21 03:11:00 EUR/USD Daily Technical
Reports We booked a 71 pt profit on our long trade as prices faltered from a 1.4100 test with intraday charts overdue for a pullback. We remain bullish, and aggressively so, looking to buy bounces as close as 1.4050, or a 1.4085 breakout. 1.4160 and 1.4295, a 1.618 of 1.3365 to 1.3720 (Aug 16 low and Aug 31 high), are next upside targets. USD/JPY Daily Technical Reports We booked a modest but quick short profit after prices found support at 114.00, a 5 pip violation of the 61.8% retracement of 112.60 to 116.35. We remain bearish and looking to sell rallies or a break below 114.00. 114.85 is the next rally selling point. Hourlies are hugely o/s and rebounding so scope for a 114.85 test exists. GBP/USD Daily Technical Reports Continues to chop around this week alternating between strong up and down days. Today is the bull's turn with the pair showing well bid and rallying back towards recent range highs by 2.0175. Overall though our bias remains to the down Read more:September
, Analysis
Forex Fundamental Analysis 29 September 2007 2007-09-28 22:31:00 EUR/USD: Will The Weak USD Give ISM Manufacturing An Unexpected Lift? OCT 1 ISM Manufacturing (SEP) (10:00 EST; 14:00 GMT) ISM Prices Paid (SEP) (10:00 EST; 14:00 GMT) Expected: 52.5 Expected: 62 Previous: 52.9 Previous: How Will The Markets React?Conditions in the US manufacturing sector are anticipated to deteriorate for the third month in a row during September
, as the Institute for Supply Management index is estimated to fall to 52.5 from 52.9. Over the past few periods, we've seen that the weaker US dollar has helped contribute to the 'new export orders' component, as American products prove to be cheaper and more attractive, while the broader 'new orders' index has staged a strong recovery after falling below the 50 boom/bust level last November. Meanwhile, the highest readings we've seen in the ISM manufacturing report have consistently been in the 'prices paid' co Read more:Forex
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Elliott Wave Signal 29 September 2007 2007-09-28 20:18:00 EUR/USD Medium term trade. Time Frame = Daily Signal = Sell market price for limited wave iv. Risk Reward Ratio = equal or below 0.0 Short term target for SubMinutte Wave iv at 1.4050 area. Stop Loss at above 1.4300 area. EUR/USD Elliott
wave Analysis :- Again Euro vs US Dollars has made new record high at the end of last trading week.In my Broker Platform EUR/USD has traded above 1.4250 area.Others trading platform reached 1.4280 point high.That is 80+ point above our target for the previous Elliott wave EUR/USD signal.We expect continue of bullish rally but there could be a little retracement before higher target archive.That is where our short term signal come out. For this High Risk Short term trade, we target wave iv at 1.4050 area.Stop is above 1.4300 area.Remember our previous 2nd target for Medium Term - Medium Risk Signal?That is still our Major trend right now.So if you don’t have a good strategy for scalping than I do not recommend to take this high risk trades.Stay with Read more:September
The Perfect Forex Trading System 2007-09-28 06:28:00 Forex Trading
: The PerfectForex TradingSystem
Trading the Forex market has became very popular in the last few years. But how difficult is it to achieve success in the Forex trading arena? Or let me rephrase this question, how many traders achieve consistent profitable results trading the Forex market? Unfortunately very few, only 5% of traders achieve this goal. One of the main reasons of this is because Forex traders focus in the wrong information to make their trading decisions and totally forget about the most important factor: Price behavior. Most Forex trading systems are made off technical indicators (a moving average (MA) crossover, overbought/oversold conditions in an oscillator, etc.) But what are technical indicators? They are just a series of data points plotted in a chart; these points are derived from a mathematical formula applied to the price of any given currency pair. In other words, it is a chart of price plotted in a different way that helps us see other aspects Read more:Forex
A Sneaky Way to Steal Someone Else's Forex Trading System 2007-09-28 06:26:00 A Sneaky
Way to Steal
Someone Else's ForexTradingSystem
Anyone who is serious about trading needs to have a Forex Trading
System that is tailored to them, but there is no reason to start constructing your Forex trading system from scratch. Why try and reinvent the wheel when you can benefit from other traders years of experience and borrow your trading system's ideas and concepts? It's easy to do, and there are some pretty good Forex trading systems out there for you to work with. Some of them are free and some are very expensive, but the price tags don't always reflect the actual value of the Forex trading systems. But, many of these systems won't work for you, and I am not talking about out-right dishonesty here, which can be a big problem when trading. What I am talking about is your ability to effectively trade with the system that you may be considering using or buying. You need to use a system that matches your life style and personality. If you have a day job (not tr Read more:Forex Trading System
Crown Forex Signal 28 Sept 2007 2007-09-28 03:03:00 Signal Forex
EURO The European currency had tendency to move in an upside pattern after it made the suitable correction with some consolidation yesterday. Moreover, the euro succeeded in getting some new high records until the levels of 1.4180. Today we expect the euro to progress towards the upside as well. The trading range for today might be between the key resistance level at 1.4220 and the key support level at 1.4060. The general trend is up as far as 1. 3270 remains intact targets now at 1.4050 and 1.4220. Support 1.4140 1.4100 1.4078 1.4044 1.4000 Resistance 1.4162 1.4187 1.4200 1.4217 1.4237 Recommendation We expect buying Euro above 1.4135 with a target at 1.4190 stop loss below 1.4100. Read more:Crown
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