Featured Blog Posts – June 2012 Archive (44)

EUR/USD Leaps on EU Summit Decisions as Quarter Ends

EUR/USD leaped around 200 pips on the announcements made in the EU Summit. The decision to give an equal status to the bailout funds and avoid the scenario of the Greek subordination is definitely good news. The direct bank recapitalization decision is still full of holes, big ones. There are quite a few indicators on the agenda, but the EU Summit digestion and another topic rule…


Added by Yohay Elam on June 29, 2012 at 10:26am — No Comments

Forget All The Crap and Just Follow Me... The New Forex Guru of the 21st Century

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Then forget all the crap around our industry - gurus, EAs, indicators, education, discipline, risk management.... forget it all!!!!

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I'm the best trader in the world, even though I have not placed a single trade in my life... how do I do it?

I just travel from time to time with my family... so the only thing you have to do is to follow…


Added by Francesc Riverola on June 29, 2012 at 8:00am — 13 Comments

Forex Price Action Setups - AUD/USD Squeeze Happening? June 27th


After bouncing and continuing higher from the pin bar we mentioned yesterday, the 1hr chart on the Aussie looks like the bulls are squeezing out the bears trying to take out the short term resistance at 1.0089.  Although the bounce off the oversold lows the other day has the presence of being more…


Added by 2ndSkiesForex on June 27, 2012 at 10:48pm — No Comments

$GBPUSD- Breakdown?

Currently the pair is @ 1.5598  after breaking down from the wedge.  Look for the move to go to the S4 @1.5546 and then the support area @1.5527.  

Added by Scott Barkley on June 27, 2012 at 1:17pm — No Comments

EURO Summit 28 and 29 June ! What's Next ?!!!

As you all know (think), the most important event that will be discussed tomorrow is debt crisis , but I believe European Council will be  focusing on something completely different , which is the situations in the middle east , especially Egypt after the victory of Islamic parties in the presidential election ...

I think one of the dangerous things that might happen , and It might effect the EURO directly ; There is fear about the future of the European…


Added by Haitham653 on June 27, 2012 at 12:15pm — 6 Comments

Treat others the way you like to be treated

Hi everyone

I've received many comments lately regarding our decision to ban a well-known user from the network for misbehavior.... some of you fully support the measure, some just do not care some are pretty angry to us.

I would like to share with you all what I told those that approached me through private messages: This is a community of Forex traders... we all share a passion here, that it is Forex trading.... some of us are newbies, some have some experience, some are very…


Added by Francesc Riverola on June 26, 2012 at 8:15am — 11 Comments

Ichimoku Trading Setups - Possible Tenkan-Kijun Cross - June 25th


After climbing for almost two sections (17 in ichimoku number theory), the Euro failed to continue gaining, telling us this recovery had little underpinning to it.  The Chikou not only found resistance at the price line (bearish), but also found resistance at an area where it once held as support.  It still has yet to clear the price line, which is one of the few majors failing to do so.  That plus the strong Kumo ahead, along with the…


Added by 2ndSkiesForex on June 25, 2012 at 10:00pm — 3 Comments

Next Monday early European Opening Range Breakouts

Next Monday early European opening range breakouts based on the previous week data.

Added by Ron Schelling on June 24, 2012 at 11:09am — No Comments

EUR/USD Outlook June 25-29

Euro/dollar reached out to new highs after the Greek elections but couldn’t hold on to them, eventually ending lower.  The EU summit is the main event of a busy week, and hopes are high. Will we see another disappointment that will send the pair lower? Here is an outlook for the upcoming events and an updated technical analysis for EUR/USD.

Spanish yields made new records and they…


Added by Yohay Elam on June 23, 2012 at 6:04pm — No Comments

EUR/USD Falls as Market Digests FOMC, European Issues

EUR/USD fell to support and stalled for a while. It now resumes the downfall. It took the markets some time, but they finally digested that the Federal Reserve is no rush to print. This is also felt in a breakdown of oil price. The global slowdown is helping the dollar. In Europe, the assessment about Spanish banks’ needs seems short of mark, and so does the highly discussed German…


Added by Yohay Elam on June 22, 2012 at 7:35am — No Comments

Improving Trader Psychology Through Neuro-Feedback

I was planning on continuing with part 2 of the Best Support & Resistance levels article, but someone came to me with the following question just yesterday;

"Dear chris,

Do you know about 'binaural beats' and if so, would you comment on their possible uses regarding…


Added by 2ndSkiesForex on June 21, 2012 at 11:24pm — 7 Comments

Forex Price Action Setups - Bearish Engulfing Bar for Kiwi - June 21st


After forming an inverted pin bar on approach to .8000, the Kiwi followed with a large bearish engulfing bar giving a kiss off the round number, then selling off over 140pips for 8hrs straight. This single engulfing bar took out the last three days of gains, reminding us the downside still has far more teeth then the…


Added by 2ndSkiesForex on June 21, 2012 at 10:55pm — No Comments

Ichimoku Trading Signals - Tenkan Supports on Dips - June 19th


The beast (otherwise known as the GBPJPY pair) has gained 10 out of the last 12 days communicating the bounce off the lows has some decent buying behind it.  What is interesting to me from an Ichimoku perspective is how 3 of the last 8 days the dips touched to the pip the daily tenkan line, finding support there and closing higher off each…


Added by 2ndSkiesForex on June 19, 2012 at 10:34pm — No Comments

EUR/USD At Strong Resistance on Hopeful Greek Polls

EUR/USD continued its gradual rise and is now battling strong resistance. There are reports about secret polls in Greece which point to a victory of the pro-bailout New Democracy party. This speculation could eventually turn into a short opportunity as results emerge early on Sunday. Yet again, US figures weren’t so good, but not enough for QE3. Also the ECB isn’t likely to move.…


Added by Yohay Elam on June 15, 2012 at 8:44am — No Comments

EURUSD 20120615

I feel eurusd has regular bearish divergence and strong resistance @1.2680 and support@1.2550

below 1.2680 resistance,my main bias is downside towards 1.2350 and 1.22

and if eurusd pair breaks above 1.2680 then pair may test targeting level @1.30

above analysis complete technical . greece election is on 17 th jun, 2012…


Added by nidhi mistry on June 15, 2012 at 7:54am — No Comments

How To Trade This Weekend & What To Watch Out For

Instead of writing my usual post about trade setups, I thought I'd write something different for two reasons;

1) I really didn't like anything going into the Friday before the Greek elections which could get really ugly

2) I wouldn't want to be holding any Spot positions going into tomorrow's London session since the markets now rumor driven

So what I decided was to talk about an alternative to playing a spot position going into this…


Added by 2ndSkiesForex on June 14, 2012 at 10:42pm — 1 Comment

HAVE YOU GOT THESE SYMPTOMS? You may be suffering from Forexitis

SYMPTOMS (some or all of the following):














Added by Gill on June 14, 2012 at 1:48pm — 3 Comments


I feel   audusd has formed head and shoulder pattern and elliott wave counting shown in below charts.

pair is in correction abc and strong resistance drawn in 4hr chart

4 hour charts…


Added by nidhi mistry on June 14, 2012 at 7:38am — 4 Comments

The Best Support and Resistance Levels Part 1

Today I am going to give a lesson on how to find some of the best support and resistance levels in the market.  If I had to say - I think there are three types which are the best support and resistance levels you could find.  But it would take a long time to go into each type, what are the characteristics of each, what they mean from an order flow perspective, and how to trade each type.

So I am going to cover in today's lesson, what are some of the most critical variables to…


Added by 2ndSkiesForex on June 13, 2012 at 11:34pm — 5 Comments

EURUSD Daily Outlook 13 Jun 2012

The EURUSD continued its unclear direction yesterday, topped at 1.2528 , bottomed at 1.2441 and closed at 1.2500...

Today I assume a bearish move testing the key support 1.2470, a clear break below this level would lead for more loses testing 1.2440/400 zone...

Immediate resistance is seen around 1.2520 where bounce back to downside is expected , stability below the key resistance 1.2570 is indeed to keep the bearish move suggested for today valid, breaking of 1.2570 might…


Added by Haitham653 on June 13, 2012 at 7:30am — 10 Comments


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