Monthly Archives: May 2009
May was a good month for these traders…!
| May 28, 2009 | Posted by admin under Intro to Trading, Site Info, Techncial Analysis Tutorials |
Here is an interesting video on some technology which can be used to trade multiple markets. The video looks at at trade in each - forex, ETFs and metals. Worth checking out. http://www.ino.com/info/369/CD3784/&dp=0&l=0&campaignid=3 Cheers.
USD/JPY Day Trade or Swing Trade Idea – May 27
| May 27, 2009 | Posted by admin under Day Trading Ideas, Forex Technicals, Swing Trading Ideas |
May 27, 5:46 PM GMT The pair is in a ascending trend channel on the hourly chart which provides several possible trade alternatives. Trades can be entered near the upper or lower trend lines, with profit targets just beyond the half way point of the channel (approx. 30-40 pips), or the more aggressive target is…
Chart Patterns Ebook Release
| May 25, 2009 | Posted by admin under Site Info |
My apologies! The Buy Now buttons are now working. I got a few emails that they were not working. The issue should be fixed now. Again, my apologies and have a great day! ———– For a limited time I am releasing my new ebook “Profiting From the Forex Market Using Chart Patterns.” The price right…
My Forex Trading Ebook to Be Released Soon!
| May 25, 2009 | Posted by admin under Intro to Trading, Site Info, Techncial Analysis Tutorials |
Hello All, My trading ebook “Profiting From the Forex Market Using Chart Patterns” will be available for purchase over the next 24 hours on this site! The book will be available for a limited number of copies on this first run, so check back soon to get yours. Chart patterns provide a complete trading system…
GBP/USD Forex Day/Swing Trade Idea – 1 Hour, May 24
| May 24, 2009 | Posted by admin under Day Trading Ideas, Forex Technicals, Swing Trading Ideas |
May 24, 8:00 PM GMT The markets are currently closes at the time of the this writing. A wedge has formed in the GBP/USD currency pair. This provides for potential day trades or swing trade set ups. The wedge is providing resistance in the 1.6000 area and support can be found at 1.5900. These these…
Forex Educational Videos- Analyzing the Dollar Index
| May 22, 2009 | Posted by admin under Forex Technicals, Intro to Trading, Techncial Analysis Tutorials |
Below is an interesting video which traders should check out. In an effort to diversify I will be posting more videos, as they are an easy and enjoyable way to learn new things. Enjoy the video. To your trading success, Cory Mitchell, CMT ————— How we analyze the Dollar Index Is the Dollar in trouble?…
GBP/USD Forex Day Trading Idea -May 22
| May 22, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
May 21, 5:39 PM GMT The GBP/USD is marching sideways over the last hour, possibly as traders await Ben Bernanke speech at 6 PM GMT. A very small ascending triangle has formed within a larger ascending triangle. Prices have just broken down out of the small triangle, but a break of the larger formation would…
GBP/USD Forex Day Trading Idea – May 21
| May 21, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
May 21, 6:45 GMT The GBP/USD is likely to break out of the current range as we head into the London session. This range is easily seen on a 15 minute chart. Current patterns indicate a continuation of the uptrend. A move above the recent high at 1.5815 offers an initial profit target of 1.5870. …
GBP/USD Forex Day Trade Idea – 30 Min Chart
| May 20, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
May 20, 5:07 AM GMT After a strong push upwards by the GBP against the USD in the earlier European session, the pair consolidated through the US session and is currently range bound. The breakout of this range offers a profit target of 100 pips +/- the breakout price. Currently the short term trend line…
USD/JPY Forex Day Trading Signal – 15 Min Chart
| May 19, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
May 19, 6:32 AM GMT The USD/JPY has consolidated, narrowing its range over the last several hours. This has created a triangle formation. Currently the upper trend line is offer resistance at 96.45, although this will decrease over time as the line is downward sloping. A break above this level will offer a profit target…
USD/CHF Forex Day Trade Idea – 15, 30 Min Chart
| May 18, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
May 18, 6:58 AM GMT The USD/CHF pair has consolidated after a relatively large run-up on Friday. This consolidation provides us with a trading opportunity and several profit targets. A break above the upper trend line, currently at 1.1270, would offer a an initial target of 1.1320 and beyond that 1.1370. A break below the…
AUD/USD Forex Day Trading Idea – 1 Hour Chart
| May 18, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas |
Try to fill out the survey in the prior post below. May 17 6:30 AM GMT The AUD completed a double top against the USD, rallied back to the breakout point (common) and then fell off once again hitting new lows for the last nine days. The pair now sits at 0.7510. The main point…
USD/CHF Forex Day Trading Signal – 15 Min Chart
| May 15, 2009 | Posted by admin under Day Trading Ideas, Swing Trading Ideas, Techncial Analysis Tutorials |
May 15 3:30 AM GMT After the USD fell earlier today versus the CHF, the USD has recovered coming off the lows and setting up a flag pattern. The flag pattern is a small sloping trend channel in the opposite direction of a recent aggressive move. The flag often signals a move in the direction…
EUR/USD Forex Trade Analysis – Daily Chart
| May 14, 2009 | Posted by admin under Forex Technicals |
May 14 9:05 PM GMT The EUR/USD, Currently trading at 1.3639, is closing in on a strong resistance level at 1.3700. This level has been tested and penetrated, but has so far failed to close above it. A close about the 1.3700 would signal an uptrend in the pair, with a profit target of 1.4500…
Bond Market to Feds: Drop Dead!
The following is a newsletter article from Larry Levin of www.secretsoftraders.com and it touches on the ice berg of a major issue. Some of this is opinion, although opinion from a successful trader who understands the markets. That said, always read between the lines as numbers can be made to look pretty much any way…