Posts Tagged by forex nitty gritty
Forex Trading Method Evaluation
| November 24, 2011 | Posted by admin under Intro to Trading, Techncial Analysis Tutorials |
The following is a guest post from the creator of the Forex Nitty Gritty trading method, Bill Poulos. One of the questions I’m often asked is what constitutes a good forex trading method (or how do I know if a trading method is really worth buying). In this article, I’ll show you what most methods…
Technical Indicators for Forex Trading
| November 23, 2011 | Posted by admin under Forex Technicals, Intro to Trading, Techncial Analysis Tutorials |
Did you know there are currently more than 100 technical indicators that you can use when trading Forex? Most charting software programs and packages available will provide all of these indicators to you — but the most confusing question is always: which ones should I use? There is no magic in technical indicators in and…
Trading Forex: The best pairs to trade
| April 13, 2011 | Posted by admin under Intro to Trading, Techncial Analysis Tutorials |
Trading Forex: The best pairs to trade Many people find trading forex simpler than trading stocks for example, because they only focus on a few forex pairs. While there are many forex pairs, only a handful are traded heavily. When first learning to trade Forex, you should focus on the best Forex pairs for trading.…
EUR/USD testing intra-day resistance
| September 4, 2010 | Posted by admin under Day Trading Ideas, Forex Technicals, Stock Market Analysis, Swing Trading Ideas |
The EUR/USD is pushing at resistance between 1.2900-1.2930 – this level was tested multiple times intra-day between early and mid-August. During the mid-August push higher the highest close remained below 1.2850 therefore this weeks close at 1.2894 indicates buying pressure in this region. A close above the intra-day highs would confirm the strength and could see the…
EUR/USD Resistance at 1.3100 holds
| May 11, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
What a time to take a few days off! Noteworthy action in the EUR/USD as it tested 1.3100 but could not penetrate it on the pullback. The pair once again trades lower at 1.2775 on a wide ranging day. A rise above 1.3100 would indicate some strength and forewarn of a further pullback, but the downtrend is…
EUR/USD: More Downside Targets Hit on Continued Slide
| May 5, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
The Euro saw another very weak day against the USD as the primary target at 1.2800 was penetrated, putting in a low of 1.2788 so far. Trend remains down on all time frames with further targets at 1.2700, 1.2650 and 1.2550 and 1.2500. The aggressiveness of these targets simply account for increase volatility over the last two days. There…
EUR/USD: Mother of False Breakouts (at least right now)
| April 25, 2010 | Posted by admin under Stock Market Analysis, Swing Trading Ideas |
I used to include a caption below my name when I wrote an analysis, that caption was: “Remember, False Breakouts are Tradable Too!” It was meant to be a reminder that just because a trade looks like it may not be working out, does not mean there isn’t money potential there. In fact, false breakouts…
EUR/USD: On Support at 1.3420 2 Days in a Row
| April 20, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
After managing to climb above 1.3500 the pair quickly retreated and has found support once again in the 1.3420 region. If the pair manages to get below 1.3420. Support below is at 1.3380 and 1.3340. If the latter level is penetrated it means a likely test of the lows at 1.3280 with minor support along…
EUR/USD: Analyzing the Daily Chart
| April 17, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
In this weekend look at the EUR/USD currency pair we will be looking at the daily chart. It provides a longer term perspective than the time frame looked at in the analysis I publish each night. No major levels were broken during the week, namely 1.3800 or 1.3265. If 1.3800 is breached in the upcoming…
How to “Safely” Trade a Breakout
| March 25, 2010 | Posted by admin under Intro to Trading, Swing Trading Ideas |
There are several methods for trading a breakout, but I have a favourite. I bring this up only because it is the exact strategy that I have discussed using for the EUR/USD when it broke out – which it did on Wednesday, March 24. If you have read my daily analysis, I talk about waiting…
EUR/USD – Consolidates Near Range Lows
| March 23, 2010 | Posted by admin under Stock Market Analysis, Swing Trading Ideas |
The following is your daily EUR/USD outlook for March 24. After you are done here, you can check out a potential trade set up in the AUD/CAD (it is a longer term potential trade, not yet triggered). Tuesday saw some whipsaw actions in the pair, but ultimately the movement was contained within 100 pips and…
EUR/USD-Finally Breaks 1.3800. Next.
| March 17, 2010 | Posted by admin under Stock Market Analysis, Swing Trading Ideas |
The following is your daily EUR/USD outlook for March 18, 2010. The pair finally did break above 1.3800 Wednesday, did a quick stop clear to just below 1.3820 and then retreated, currently trading at 1.3735. As I pointed out yesterday the break of 1.3800 was almost inevitable, and the bias remains to the upside. Targets…
EUR/USD-Edges Closer to Breakout, But Not Yet
| March 16, 2010 | Posted by admin under Stock Market Analysis, Swing Trading Ideas |
The following is your EUR/USD outlook for March 17. Even on a Fed day the pair could not get above 1.3800 on Tuesday. That said, it does appear that it will happen. Since early march the EUR/USD has continually put in higher and higher swing lows. 1.3800 does need to be moved through, but barring…
EUR/USD Outlook for Feb 24
| February 23, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
A Return to Volatility… Tuesday saw a turn of volatility relative to the quietness of Monday. The break above 1.3660 was short lived, and collapsed back through the former resistance level, erasing the possibility that a minor uptrend (within the larger downtrend) was emerging. If we zero in the last two weeks, we see a…
EUR/USD Outlook for Feb 18
| February 17, 2010 | Posted by admin under Day Trading Ideas, Stock Market Analysis, Swing Trading Ideas |
The EUR/USD could not not get above 1.3800 after making attempts earlier this week. There is a resistance band running above 1.3800 and it was said in previous posts that not being able to climb above that point is bearish for the EUR. On Wednesday the EUR fell apart, falling close to 200 pips after…
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