Tradency gives you a vast database about strategies that you can use to trade for you. The problem is how to wring the best out of this database. The first 2 months were an utter disaster, but in the last four months of successive demos I have gone from $4,027 to over $28,000. Is anyone interested in my method?
What Forex Target Traders See: We are currently sitting @ 1.3216. Structure could use a small run back to the trend to cement it is place before the resumption to the downside. We are waiting to see since the structure says we should short to the S5@ 1.3078. The average (14 day) daily true range (ATR) for the pair currently is 82 pips. …Continue
Added by Scott Barkley on August 31, 2013 at 2:54pm — No Comments
USDCHF – The pair may have halted its weakness the past week to close higher but continues to maintain its broader downside bias. Unless we see a follow through higher on the back of its past week gains, risk of returning to the 0.9130 level is a possibility with a violation aiming at the 0.9050 level. Bears may come in here and turn USDCHF higher but if this fails to occur, expect further decline towards the 0.9000 levels. Its weekly RSI is bearish and pointing lower supporting this view.…Continue
Added by fxtech on August 31, 2013 at 11:33am — No Comments
The EURUSD this week was massively bearish after failing to break above the key resistance level. In our analysis on the 26th of August, we explained that price would have to break above the key resistance level before we see any significant bullish move.…Continue
1- Those levels are strong support and resistance levels on short term , the market usually respects those levels strongly.
2- If the market rallies into resistance levels , a sell-off is expected.
3- If the market sells-off into support levels, a rally up is expected.
4-I highly recommend using divergences techniques, to find possible turning point during the week!
5- The recommended time frame , the 1 hour and below.
6- In trending market, to…
Added by Francesc Riverola on August 30, 2013 at 2:24pm — No Comments
India is liaising with other emerging-economy countries on a plan to co-ordinate intervention in offshore currency markets blamed for fuelling a currency rout over the past three months.
For more click on the bills.
(c) The Economic…Continue
Added by Ron Schelling on August 30, 2013 at 2:07pm — No Comments
Currently we are at 0.9304 and testing the break north of the trend. A couple of different scenarios. 1: Bullish: a move to the R4 resistance @ 0.9382 area 2: Bearish : A break down here back to the R2/0.618 Fibo @ 0.9242. The average daily true range (ATR) for the pair currently is 84 pips.…Continue
Added by Scott Barkley on August 30, 2013 at 12:56pm — No Comments
In today's lesson, we would be discussing on how traders can use dynamic support and resistance to improve their trading tremendously. Dynamism as the name implies means something that is not constant, something that changes with time. Bringing it to this contest, it is safe to say that dynamic key levels(support or resistance) are those key levels that change with price movement.
I personally use the EMA's(exponential moving average) to determine dynamic levels and they work well for…Continue
Added by Henry nnalue on August 30, 2013 at 12:36pm — No Comments
Added by Jason Sen on August 30, 2013 at 11:57am — No Comments
Added by Francesc Riverola on August 30, 2013 at 11:50am — No Comments
After days of waiting & observation, EU price drop from 1.33xx to 1.32xx. Our map of waves structure clearly showing that direction last week (http://www.forexstreet.net/profiles/blogs/my-analysis-of-eurusd-230813?xg_source=activity). From last week point of view, when i check on the corrective waves move i assumed the particular wave are reaching in a wave…Continue
Added by Abdul Rehman on August 30, 2013 at 8:33am — No Comments
By Jaya Matta
European stocks edged lower Friday as investors looked ahead to key economic releases, at the same time concerns over military action in Syria and the timeline over when the U.S. Federal Reserve will move to reduce stimulus weighs on sentiment.
At 0748 GMT, the DAX traded 0.4% lower, the FTSE 100 down 0.5% and the CAC-40 slipped 0.5%.
Market participants refrained from making any major commitments ahead of the release of euro-zone…Continue
Added by Damian Leu on August 30, 2013 at 8:06am — No Comments
Added by Carol Harmer on August 30, 2013 at 7:55am — No Comments
SYDNEY--The Australian dollar held within a narrow range in Asia Friday with traders unsure of what to do as the U.S. ponders military action in Syria in the face of dwindling international support.
U.S. officials Friday said the country is still seeking international support in responding to Syria's alleged chemical weapons attacks on its own civilians. Overnight, the U.K. voted not to support military action.
A major commodity currency, the highly-liquid Australian dollar…Continue
Added by Damian Leu on August 30, 2013 at 7:32am — No Comments
EUR has finally dropped down after some weeks of waiting and consolidating at the top. Now it stopped at the diagonal support and the bottom line of the ascending channel at 1.3220. A break lower will target 1.3140 and 1.3100. Breaking below the last is less possible this week. Seems that the war in Syria will start Saturday night, when all the UN inspectors are gone, but USA doesn't care about them so much, the main reason is that all markets will be closed. Remember the money move the…Continue