Welcome all to my page, I trade Forex using Price-Action and Risk / Reward ratios to increase the probability of success.

I also use MT4 and custom EA's, Indicators and Scripts I have created to control my trades when not at my computer.  Since I do need to sleep sometimes! *smile*

I look forward to exchanging ideas and thoughts, good trading to all !…

Sending a Warm Hug To Valeria Bednarik For The Loss Of Her Father

I'm terrible sad to say that Valeria Bednarik, Head of Analysis at FXstreet.com, father passed away Wednesday March 30th 2011 in Buenos Aires, Argentina.

Valeria's father managed to recover from a heart attack he suffered a few months ago, but he couldn't make it this time after suffering a new attack.

We know Valeria was very attached to him and that she is suffering…

Hi everyone

More good news about Forexstreet.net, FXstreet's Forex social site

I just was told that the site reached today 3,000 members.

At the time of writing this blog post, we had 3,066 members

Thank you everyone!

Francesc

I just got a signal LONG EURUSD @1.4228, SL @1.4178, TP @1.4343 & 1.4438. 

I did not jump right in but instead entered a first lot LONG @1.4223, SL @1.4173, TP @1.4338 & 1.4433.

Will try to add the second lot for this trade lower if we get a pullback to the 1.4200 area.

Here is the hourly perspective for the US session:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2011/04/05/02/

Oustanding growth yesterday Monday April 4th 2011

Unique Visitors: 1,152

Visits: 1,474

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 …

Here is my first choice for today:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2011/04/05/

EUR 3 month LIBOR up to 1.2075%, next 1.25%

EUR 1 year LIBOR up 1/2bp, 2.00% target from March 2009

UK 3 month LIBOR up a fraction, new high.

US 3 month LIBOR down 0.3bp, below 0.30%

Moody's downgrades Portugal from A3 to Baa1

Euro Zone PMI highest since August2007

UK Serice PMI jumps to 13 month highs to 57.1 vs 52.5

Portugal CDS wider that Ireland for the 1st time since August

PBOC raises lending and deposit rate by 25bps

EUR/GBP down 1% on cables bullish reaction to PMI data

The pair continues to grind higher for a test of R3 in 136.98, currently down a few pips on profit taking. R2 now turns support in 136.55 and bullish trendline comes in at 136.10/05 area coinciding with the hourly 21EMA and daily R1.

 …

Hi all and welcome back! Leaving aside Pound, majors´prices are mostly unchanged compared to Asian opening. The Euro is slightly lower as quite negative Retail Sales data hit the euro zone, along with more Portugal jitters, sending yields back to the sky. Still, the downside remains pretty much limited: and educated guess would say buyers are not yet ready to give up or profit: we will probably remain on hold until Thursday ECB rate decision.

Pound soared over the last couple…

Portugal - Germany 5yr CDS spread 20bps wider at 600 (new record wide) while cash is a mere 5bps wider.

That means Portugal trades wider than Ireland for the first time since August.

The corrective sentiment shown on the Sector Financial Index  2.5bps wider at 132.

Hi everyone

New Zealand's Serious Fraud Office (SFO) has decided to close WSD Global Markets Limited and related companies investigation after riding the company's offices last October 2010 due the lack of evidences to support the laying of criminal charges.

Forex - New Zealand SFO Raids Offices Of WSD Group

In its…