Beware of USD shorts, Bitcoin, EUR, Gold, Equities are going to new lows
Beware of USD shorts, Bitcoin, EUR, Gold, Equities are going to new lows
Forex speculators all around the world are participating in the movements of Trillions of Dollars within the Foreign Exchange Markets. Forex Traders monitor the news, inflation reports, central bank talks, NFP, FOMC, Trade Balance, CPI, Retail Sales and political events.
The news is therefore constantly measured to gauge the market sensitivity. A nations Government actions for inflation along with other news can impact upon an economy and other nations economies. Geo-Political news such as wa
Is there such a thing as insider trading and insider information?
Perhaps to begin with, we should examine what this means and then decide whether or not it is possible.
An insider is a person who can access an organisations non-public information.
This could be employees handling or accessing valuable data, ranging from the accountants, solicitors, directors, CEO’s and anyone else connected in some way.
This includes friends, acquaintances and even Government officials. Furthermore, if the in
There is probably an issue with photo posts as they do not display in activity feed, so I will use this blog for that purpose ;)
I entered two trades today on GBPCAD and AUDCAD. The plan was to cover some previous days loosing trades and so I cashed in too early.
GBPCAD - long
AUDCAD - long
I have recently been helping a friend with his market outlook and approach, i have only helped a small few as we all know there are many factors in this game, and when one learns that simplicity is the route to succes it becomes much easier.
When giving guidance in the form of answering good questions with really good answers i have come to realise, it still is difficult in the beginning stages for new people in the markets to grasp the difference between a security and the market, reading up on
A New Forex Trader - "I'm Like a Dog Chasing Cars"
What would a dog do if it actually caught a car? Lets paws for thought for a few moments and then look into this a little deeper and gain some understanding of how this can perhaps be cured in a Forex Trader or avoided altogether. Forex Traders are naturally wired to chase moving objects like price action and attempt virtually every pip throughout the trading session. Mainly due to lack off knowledge, training, experience and patience which as
EURUSD Rise and Fall
I have added the video above to this post since writting it to provide completeness of information for the reader.
Needless to say, the video was inspired by these trades, I hope this post helps folk how to trade.
How to Trade Forex:
Technical Analysis Forex Trade EURUSD 1,370 Pip Long
Using Forex Chart Patterns and other Forexmospherian Trading Techniques like JBCB, CBA and FPA
Trading in a place called ForexLand
The Rabbit hole of thinking and raising Trading awareness with Market savvy can be explained away in a wide range of intricate FX scenarios. Luckily though and just a short hop away are some interesting Forex facts along with a short punchy story to share. Which should not go beyond the scope of reasonable thinking for some FX folk. After all, other folk can and will make life and Foreign Exchange trading as technical and or as complicated as they like.
First of all I would like to recommend a great document out there - "DB Guide to Exchange-Rate Determination" which was written by Deutsche Bank in 2002 and is overfilled with FX rate determination, forecasting methods which can be used for all short term, mid-term and long term trading. If you haven't read it, look for it, download to your Kindle and take the time. It is worth reviewing. :)
In the documents several FX trading strategies are described with reference to many academical papers
Dead Cat Bounce.
How to identify Live Forex Chart Patterns and Market Direction - Tip: Patterns Tend to be true.
Price Action Data Translation of the Line. The life cycle of this Currency Pair set out in stages as above so below:
M15 The following information is highlighted in the Chart above and in sequence:
Head and Shoulders identified = Resistance = Bears Sighted = Market Reversal = Bear Market
MC = Minor Continue = Continuatio
The 6 Most Traded Forex Currencies in the World
Trillions of dollars can be traded on any given day between millions of investors and interested parties which makes the forex market the most liquid market by far and thus securing it to be the largest market place in the World. So, for the beginner and those researching the forex markets for the first time, then it is imperative to gain a firm grasp and familiarize themselves with the more commonly traded currencies and Forex pairs, along with t
The idea of Trading a single Forex Time Frame can be effective while analysing one chart but there are some alternatives which may reveal a more in-depth and thorough understanding of Forex market analysis for all currency pairs. A wider perspective can be gained from taking advantage of the different and wider angles involved. In essence, entering a Forex trade could be comparable to crossing a street. Taking into account conditions and risk assessing the hazards, we can put in place some c
Day One: The Smart Forex Trader Takes the Trade.
Day Two: The Semi-smart Forex Trader Takes the Trade.
Day 3: The Forex Suckers are in !!!
Day Four: The Forex Market Ranges !!!!!
Day Five: Forex Trading Account Margin call !!!!!!!!!
A guy I knew a few years ago could ride a unicycle whilst juggling 6 oranges . He said it was easy - although he admitted he had been riding unicyles for many years from when he was a teenager.
I tried it in 2 stages - first of all trying to ride a unicycle - that was very difficult and although I did manage to stay on a few times - I could not even juggle 2 oranges at the same time - even though I could juggle 4 or more when I was just focusing and concentrating on just that part and not try
The standard use of the term "Day Trading" refers to short term market positions where the trader opens and closes a position within the same day. Rather unfortunately, this term along with the original concept received bad press in the 1990's when it earned the reputation of liquidating many beginners Trading accounts. However, the fact remains that no one whether beginner or seasoned trader, should simply jump into the markets wit
If you send out one sonar ping or drop a rock in a pond the first ripples are fast precise , edges clearly defined sharp in and out. As the ripples or waves expand they become wider slower less precise and mere reflections of the original price action. To explain how those edges that you so casually define, use, move on to the next , like chaff from your harvest are so helpful to me I must share something that may or may not be helpful to you.
As I realize waiting hours for 100 Forex pips is
At the Start of this Millennium, Currency Trading / FX / Forex was been sold to potential newbie traders as one of the best ways to make your millions from just a small capital base and a few hours of work a week. We had all heard about all the money Hedge Fund and Bank Traders had been making during the 80's and 90's and now with the availability of the world wide web and access to the markets - it was time to get involved.
All you had to do was spend a few weeks or months learning how to tra
In a "nutshell" - it could be looked upon as being true - the trouble is though - you are going to end up kissing a lot of frogs before you end up meeting your prince or princess ;-)
Nobody really wants to waste money on their learning journey - but unfortunately it happens to so many newbie traders
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Share a Trading Tip, Trick, Knowledge or Technique with the Community. Try to avoid just simply posting a link or video and saying this is great. Explain what makes it great or how this was useful. Sometimes things are simply entertaining but still useful and so explain in detail with diagrams, photos or charts. Descriptions with as many details are always interesting to read and so say what could be useful to know here. Community members are welcome to comment, ask questions or add to a post.
Rejection of market and weekly pivot at ema confluence.
Complete and broken head and shoulders on 1hr time frame.
Broadening formation on daily with test and rejection of 200 day ma
Bull hinge on daily and Renko stochastic.
Positive momentum on 5min, 1hr, 4hr and daily chart"
Technical Forex Market Analysis views the data on a chart and considers that the News and Data is built into the Price already (economic, political, social, sentimental and psychological). Various tools and indicators will be used by technical traders, for instance MACD, Bollinger Bands, Moving Averages and more.
Fundamental Forex Market Analysis also uses indicators, for instance reports, Gross Domestic Production (GDP), Retail sales, Consumer spending, Industrial Production, Consumer Price Index, Commodities, Economic Calendars, Balance of Trade levels which could identify Trends between other Nations and more."
"Short rapid bursts and quick glimpses of an entry, trigger activated, trail in place and exit strategy and plan already set. Within a blink of an eye, instinctively the buy/sell button is pushed. The hammer falls and clanks decisively, echoing, sparking, like steel upon steel and the trade is executed. A Traders heart beats on with perfect set up, closely aligned with strict parameters, ready to continue the attack or recoil on a wire. Wrap the profit and then stand down, ready for the next hunt"
"When we are talking about sentiment it is very hard to say that this sentiment will prevail another 6, 9, 13 hours. Sentiment is not a constant line. Main trend is bearish, tech picture on daily is bearish, even intraday neutral. Nobody restrict to play long eur short usd position with the target at 1.12 or even 1.1361, this is every traders individual choice as always"