Added by cristotrading on November 23, 2012 at 8:26pm — No Comments
Nice job Richard!
Be Ready: 6 Economic Releases You Don't Want to Miss
by Richard C. Lee at FXstreet.com
With the US Thanksgiving holiday behind us, market conditions are expected to return to normal – and so is the economic calendar. Given the return to normalcy, here are 6 major releases that will ensure plenty of opportunity…
Added by Francesc Riverola on November 23, 2012 at 6:58pm — No Comments
I have heard this sentiment from several traders. Or rather they say that unless you hedge through other instruments such as Options, you cannot succeed long term as a trader since the forex market is so unpredictable. Traders in the USA are not allowed to place trades in different directions in the same pair, so using Options makes sense. I would love to hear opinions and comments from traders in this community.
THanks on the tips ro chat room very usefull thanks
Added by xpensive on November 23, 2012 at 5:10pm — No Comments
I wanted to post a few trades I took recently on AUDUSD and Silver. You can see the entry and exit points for each trade which I did just using price action strategies.
Here they are below;
Royal Bank of Scotland - "EUR/USD - The market did manage to break out of the short term range I had anticipated on Wednesday, by breaking through the 1.2806 level but I am still confident that ranges are going to continue to hold into the end of the year and the next level that looks to be the important one to hold the next is 1.2906 which is the 76.4% retracement of the July – Sep rally. So look to begin to fade again today around the 1.2906 level. Stop losses can be tight through the…Continue
Added by Francesc Riverola on November 23, 2012 at 2:00pm — No Comments
HSBC - "The UK has been AAA since the late 1970s when its longterm debt was first rated. The top-notch rating has survived the ‘winter of discontent’ and industrial strife of 1979, the turmoil of sterling crashing out the Exchange Rate Mechanism in 1992 and, so far, the recent financial crisis.
That could be about to change. With weaker-than expected growth, and still large budget deficits, it is becoming…
Added by Francesc Riverola on November 23, 2012 at 1:31pm — No Comments
The IMF and the Eurogroup clashed over Greece’s long term targets and it seemed inevitable for the IMF to either cave in…Continue
Added by Yohay Elam on November 23, 2012 at 11:00am — No Comments
Added by 50Pips on November 23, 2012 at 9:47am — No Comments
Added by 50Pips on November 23, 2012 at 9:47am — No Comments
As shown on the daily chart below, strong bullish bias is under development now, falling from 1.3171 was contained by the daily 100 SMA , so current development suggestes that correction from 1.3171 has already finished , stronger rally should be seen for a test on 1.3138/71 resistance zone, break will confirm resumption of whole rally from 1.2042 and target 1.3500 levels.
On the downside, a daily close below 1.2735 - 21…Continue
UBS - "We expect the dollar to be the best-performing major currency next year. UBS expects the US to grow by 2.3% in 2013 while the Eurozone, UK and Japan suffer stagnation or weak growth at best. Financial markets have largely priced in the Federal Reserve's third round of quantitative easing, while the European Central Bank, Bank of England and Bank of Japan are likely to undertake further balance-sheet expansion in 2013. Dollar diversification over the past decade by US fund managers,…Continue
Added by Francesc Riverola on November 23, 2012 at 8:25am — No Comments
Positive expectations that holiday spending could provide the US economy a lift in the fourth quarter is seen to boost market sentiment today as Black Friday, traditionally the busiest shopping day in the US, gets underway. A report by research firm comScore suggested that holiday season shopping got off to a strong start, incited by rising consumer confidence and earlier promotions by retailers.
According to comScore, from November 1 through November 18, Americans spent $10.1…
Added by Aviv Shapiro on November 23, 2012 at 8:00am — No Comments
EURO is holding high and GBP is near low since yesterday US session to make upward stop hunt in EURO/GBP.
During japanese session they are expected to swing and firm up.Early European session rise followed by slide during late European session may be seen.
Swing and quick rise moves may be seen during US session.
Added by Dr. Sivaraman on November 23, 2012 at 7:00am — No Comments
Recommendations: SHORT positions below 1.2898 with 1.2840 & 1.2805 as next targets.
Alternative scenario: The upside breakout of 1.2898 will open the way to 1.2955 & 1.2985..
Comment: As long as 1.2898 holds the pair is bearish, only a 30 min close above 1.2898 will reverse risk to the upside and target 1.3000 levels..…Continue
GMT 3:10 – EURO @ 1.2885 – Foreign exchange market is waiting to pick direction from Brussels summit that ended without providing a firm note about the terms and conditions and agreement reached with Greece. This is quite an important development that will provide direction for Euro-zones next move. The delay is caused on disagreement between Euro-zone finance ministers and IMF, as they will be meeting on Nov 26 to discuss their unresolved issue.
I think Germany…
Added by Ron Schelling on November 22, 2012 at 6:47pm — No Comments
JP Morgan - "EUR Risk bias: Balanced risks in Q1, downside in Q2
Scenarios: Bearish: Below 1.25 in Q1/Q2 if (1) Italian election campaign generates concerns about structural reform and budget discipline in 2013; if non-traditional parties such as Five-star Movement, which advocates a referendum on EMU membership, gains in polls; or if process of forming coalition post-election is protracted; (2) Spain refuses to apply…
Added by Francesc Riverola on November 22, 2012 at 12:41pm — No Comments
Views on eurusd, gbpusd, eurjpy, usdjpy and audusd. Price action and chart levels.
Video uploaded for our members the other day. For live trades, price action ideas and more visit us here or on twitter @cristo1 or @cristotrading