Yesterday was the most interesting class at the range in the last year and a half.  Not because it was the last class before I move to another country, but because of the exercise we practiced for an hour and a half. It required an absolute sense of awareness with one's technique, feeling and positioning, but it required something else.  It required one to go against temptation.



 

The Exercise

After…

One subject I never read a lot about on blogs is about charts and how they can play such an important part in how we perceive and follow the market. From what I gather most retail traders use the charts supplied by their broker and simply rely on them and as long as they offer all the main well known indicators that’s all that’s needed? Well is it ??

I am sure most traders have heard of MT4 platforms and Ninja charts and anyone who as been trading over the last five…

The British pound shared the fate of the euro, and enjoyed a very strong ride. The upcoming week is very busy, with the first release of Q3 GDP being the highlight. Here’s an outlook for the upcoming events, and an updated technical analysis for GBP/USD.

The pound also enjoyed a relatively small current account deficit. This provided a boost for the pound.

GBP/USD daily…

The Aussie had another volatile week that provided quite a few opportunities and it eventually ended it on higher ground. The upcoming week is very busy, with the rate decision being the highlight of 12 events. Here’s an outlook for these events, and an updated technical analysis for AUD/USD.

The moderate rise in prices …

The last week of October was very turbulent in the financial markets as the EU summits came to a conclusion on Wednesday with an agreement on the EU debt crisis and the U.S GDP news also helped the prices of major commodities to soar. In the upcoming week there are many reports…

Gold and silver recorded a huge comeback during last week after they had slipped a week earlier. The EU debt crisis was the center of attention during last week as there were two EU summits and in the second one the EU countries reached and agreement. This agreement among EU leaders to deal with the debt crisis eased the concerns of many traders and helped push…

The oil market had a very volatile week as did most other commodities: the news of the EU summit agreement on debt resolution shock the financial markets and the report of the U.S. GDP growth rate may have also contributed to the sharp gains in the WTI. …

Euro/dollar had a very exciting week around the European summits. It managed to climb back up to the previous range. Will it stay there? The upcoming week features the first rate decision by Mario Draghi, as well as other important indicators. Here is an outlook for the European events, and an up dated technical analysis for EUR/USD.

The European leaders …

On the rise, above 1.42 EU flight may face lightning resistance @1.430.

If it manages to dodge, then at altitude of…

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

To view, click on the table below.

$EURUSD

WHAT ProAct Traders SEE:  We are currently sitting @ 1.4158 just above  the R7.  It is rare for the cross to go past this level but it is looking very bullish.  This means we could have  some more upside potential so will look for this to follow through this week.  Target to the upside is the 0.270 Fib Extension @ 1.4552.  On a break down look to break to the .382 Fibo @ 1.3830 area. The average daily trading range for the cross currently is 179…

For those of you seeking some full-time inspiration, I updated some wallpapers to my site.  A few of our more notable quotes.  There’s no branding on these…we’re not that lame.  Adobe Illustrator files found below the images so you can tweak to your content.

Here's the link: http://www.nobrainertrades.com/2011/10/nbt-wallpapers.html

Have a great weekend!

Hi everyone

Starting next Monday, you will discover the Curr€ncie$ Watch on FXstreet.com homepage!

Daily short videos presented by forex experts who analyze the market at the opening of the European and American trading sessions. Watch our…

HSBC launches 24-hour access to live FX trading for retail and SME investors

By iStockanalyst.com

(Source: Datamonitor)trackingHSBC has announced that the company is now providing 24-hour access to live foreign exchange, or FX, pricing and trading for retail and SME investors via online and mobile…

Gold and silver recorded additional sharp gains yesterday following the European Union debt agreement; the news of the U.S GDP growth in Q3 may have also helped push commodities up as the confidence in the markets grew. Today, U.S. Employment Cost Index will be published and U.S. Personal Income and Outlays report.

Gold rose on Thursday by 1.40% to $1,747.7;…

Currently the cross is @0.8621 after hitting our target yesterday.  The cross has built a bear flag and we should see an assault on the .786 Fib extension @ 0.8585  and then the 0.8551.  Further target is at the S6 @ 0.8459.…