New age traders are least afraid of experimenting with their trading styles. CFD trading has often been considered as a potent means of diversifying one’s trading strategies. However, even the practice of CFD (Contract for Differences) is plagued by a set of myths—or for that matter unfounded perceptions which often deter budding traders to consider it as a possible investment style. Experts believe that as much as it is easy for these myths to develop, shrugging them off is…Continue
Added by FXstreet.com Promotions on October 23, 2014 at 12:07pm — No Comments
GBP USD 15 Min:
Price fell from the open forming a large bear trend candle which pulled back at the last moment to form a tail larger than the body, almost a Pin. It then formed a flag, specifically an outside inside outside complex. Technically the…Continue
Added by Constantine on October 23, 2014 at 10:38am — No Comments
The EURUSD continued its bearish momentum yesterday , printed resistance at the 1.2740 levels .This development leaves the pair targeting the 1.2570 levels , a halt is likely , but losing the 1.2570 levels will turn focus on the 1.2485 levels , further downside will aim the 1.2389 levels.
On the upside , resistance comes at the 1.2740 levels , break of the 1.2740 levels on a daily closing basis , will turn outlook neutral towards the 1.2886 levels , If this resistance is taken out ,…Continue
Added by Haitham653 on October 23, 2014 at 9:05am — No Comments
USD Index is moving higher, now threatening the 86.10 swing after recent rally out of a downward channel. We assume that market already accomplished a corrective retracement in wave 4 and that current leg up can be wave three as part of a new impulsive cycle heading above 87.
USD Index 4h Elliott Wave Analysis…Continue
Added by Gregor Horvat on October 23, 2014 at 7:55am — No Comments
Sterling prices lowered against the US dollar yesterday, it seems that this pair has loosed its bullish stamina but today important factory data at 1.30pm. This pair is strongly consolidated below the price level 1.6060.
Technically this pair is in bearish trend because SMA 100 and 200 are indicating a clear bearish trend and acting as a resistance in h1 graph. Ichimoku cloud signal is also bearish in h1 graph. Alligator and parabolic SAR signal is also bearish in h1…Continue
Added by Usman Ali on October 23, 2014 at 7:00am — No Comments
Gold prices consolidated below the price level 1250. The yellow metal is in a side waves since two days and did not show any clear direction. The yellow metal gained more than 70 dollars in last two weeks, gained in the first two days but range bound since yesterday. Technically this metal is in side wave.
SMA100 is indicating bearish trend but SMA200 is indicating strong bullish trend in h1 graph. Ichimoku cloud signal is bearish in h1 but bullish in h4 graph. Bollinger…Continue
Added by Usman Ali on October 23, 2014 at 6:13am — No Comments
NZDUSD is my top priority at the moment. After having dropped more than 1,100 pips in 4 months, the pair began forming a bear flag pattern on October 6th. It does appear that the pair has now completed the pattern with a close below channel support on the 4 hour chart.
From here we can look for a resumption of the downtrend. If the market can get passed the recent low around .7710, we could see a push to the next key support level at…Continue
Added by Justin Bennett on October 23, 2014 at 2:45am — No Comments
VIT Daily Analysis
Review of British Pound / US Dollar (GBPUSD)
as of 22/10/14
On 22/10/14, British Pound / US Dollar closed down -0.0067 at 1.6043
Period Statistical Change
10-period 9.7639 …Continue
Added by Martin Kay on October 23, 2014 at 1:55am — No Comments
EUR/USD: Already (LONG) bought the pair from 12715 ADD 12625 with TSL 12590 & TP 12874.
GBP/USD: Already (LONG) bought the pair from 16078 TSL 15964 & TP 16220.
USDJPY: sell the pair from 107.84 with TSL 108.75 & TP on 105.20.
EUR/JPY: previous order closed with 104 pips profit, sell the pair from 136.04 with TSL 137.10 & TP on 13380.
GBP/JPY: today there is no trading order for the…
Added by Pierre Chahine on October 23, 2014 at 1:43am — No Comments
Gold: Already (SHORT) sold the precious metal from 1246 with TSL 1257 & TP on 1238 THEN/OR buy it from 1238 with TSL 1220 & TP 1257 & 1264.
Silver: Already (SHORT) sold it from 17.62 with TSL 17.58 & TP is open.
Oil DEC: Already (LONG) bought the black liquid from 81.18 ADD 80.10 with TSL 79.50 & TP on 85:40.
Added by Pierre Chahine on October 23, 2014 at 1:40am — No Comments
UK100 FTSE CFD: close the previous order with 24 pips profit .sell the index from 6484 TSL 6560 & TP is open.
GER30 DAX CFD: close the previous order 55 pips profit .sell the index from 9030 with TSL 9140 & TP is open.
SPX500 CFD: Already (SHORT) from (AV 1895) ADD 1956 with TSL 1968 & TP is open.
DJ30: close the previous order with 120 pips profit. sell the index from 16747 with TSL…
Added by Pierre Chahine on October 23, 2014 at 1:38am — No Comments
Added by Loser on October 22, 2014 at 5:20pm — No Comments
EURUSD: Risk Turns Lower, Extends Weakness
EURUSD: With EUR turning lower on Tuesday and following through lower on Wednesday, further bearishness is now envisaged. On the other hand, support lies at the 1.2600 level where a break will expose the 1.2550 level. Below here will pave the way for a move lower towards the 1.2500 level. If this continues, expect further downside to occur towards the 1.2450 level. On the upside, resistance lies at the 1.2733 level where a break will aim at…Continue
Added by fxtech on October 22, 2014 at 4:53pm — No Comments
Before anything, I would like to thank our friend and member of this community Oasis for contacting me to propose this initiative we are starting today.
A BIG THANKS Oasis!
Today, we have a fun exercise where you can participate and have a chance to win a GREAT Prize!
All you have to do is read this short EURUSD analysis from FXStreet's…
USD CAD 5 Min:
Here you can see the short I took off the failed signal which I described in detail in my previous post.
Here you see that after the spike down price pulled back then reached a new low then pulled back in two waves High 1 Low1…Continue
Added by Constantine on October 22, 2014 at 3:30pm — No Comments
USD CAD 5 min:
Today was a super major news release as opposed to just major expected to move the market news releases as GBP and USD were earlier.
The key here is to understand you CANNOT go in with the…Continue
Added by Constantine on October 22, 2014 at 2:00pm — No Comments
GBP USD 15 Min:
I called the first of the these two trades on the forum saying it was a 5 pip scalp.
Today there were two major news releases the first GBP news…Continue
Added by Constantine on October 22, 2014 at 1:42pm — No Comments
The EURUSD failed to hold gains above the 1.2825 levels yesterday , declined below the 1.2735 levels and printed resistance at the 1.2760 levels ahead of 1.2840 levels .As a result ; Intraday outlook in EURUSD has turned neutral with risk to the downside as long as resistance 1.2760 holds on a 4 hour closing basis , support comes at the 1.2705 levels , losing this level would open 1.2640/1.2624 next , a cut will resume fall from 1.2840 levels and pave the way towards the 1.2500 levels…Continue
Added by Haitham653 on October 22, 2014 at 11:00am — No Comments
OIL: buy near 81.20 with Sl 79.91.
DowJones Future: sell near 16560 with Sl 16686.Or buy it from 16240 with Sl 16164.make sure you re trading DJ future.
Eu: buy near 1.2672 Sl 1.2637
Added by Arslan Shaukat on October 22, 2014 at 10:16am — No Comments
USDCHF has made a nice extended leg up from July lows that we see it as wave (3) that is part of a five wave rally. This rally should then continue after a corrective pause and it seems that new one is already here. We are talking about wave (4) that can look for a support at 38.2% retracement in days ahead.
USDCHF Daily Elliott Wave Analysis…Continue
Added by Gregor Horvat on October 22, 2014 at 8:43am — No Comments