Finally, ECB left with no choice and had to slash its rates by 50 basis point. I had already mentioned in my weekly (Monday) outlook note that price stability is the key responsibility…Continue
Added by asad rizvi on May 3, 2013 at 8:12am — No Comments
Recently I have been studying currency pairs’ behaviors in different months and Im trying to see if there are any significant difference, decency and some other weird things ;) between the months in FX Market. Here Im simply considering EURUSD daily return in the month of January during 2002 - 2013. It should be added that daily return is counted base on the difference between Close Price Day2 and Day1, then Average of whole month, plus Standard Deviation (as the risk measure) and…Continue
After having its first weekly bearish close in six, the Euro ended the week posting an inverted pin bar that is also doubling as an inside bar. It has to be noted a bullish inverted pin bar in a bearish pullback is a failed attempt to rally. However, even though the rally failed, it indicates there is some buying…
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…Continue
As we wrote about in our forex market commentary yesterday, the AUDUSD formed both a pin bar and dueling swords pattern, initially rejecting off of parity. The markets gapped higher on the open from the Spanish Bank bailout of €100B, which has already seen its luster come off. Is it now to the point that €100B…
Added by 2ndSkiesForex on June 11, 2012 at 11:00pm — No Comments
Spain, Greece and the Horror with No End...For Now
Although markets were calm today from the US Memorial Holiday, Spain today asked the EU to act in providing support for fiscally frail gov'ts (read 'Spain is begging for help') as its fiscal gaps and banking system (but, but...Bankia is fully solvent you said) are getting pummeled with soaring yields which are punishing the rates on bonds. Again, Spain is 4x larger than Greece so if Spain…
I am going to start this article talking about one of the most important things developing traders will need to know - that is to 'Know Thyself'. This recently came up for me as a newer student sent me a few emails which made me realize how important this is for anyone starting on the learning process, but hasn't found the right trading system to trade from every day.
China Slowing Down, Fear & Loathing in Europe
Prior to the London open, the China HSBC Flash Manufacturing came out worse than expectated, alarming investors globally since the motherland slowing down is a big concern as the weakening output affects all. This initially sent the AUD and NZD lower but both recovered shortly after to hold modest gains throughout the day.
The situation did not get any better with German manufacturing also…Continue
Added by 2ndSkiesForex on May 24, 2012 at 11:00pm — No Comments
Euro Hits Near 2-Yr Low, Grexit Fears Persist
The Euro got hammered in NY trading dropping 120+pips in about 3 hours as the EU summit didn't really calm any fears of an eventual Grexit from the EZ. Of course EZ officials telling members of the currency bloc to prepare contingency plans for an exit are not helping.
Oh yeah, did we forget to mention European banks have the highest loan-to-deposit ratio in the world (3x that of the US banks)?…
In conjunction with FXStreet, I am doing a webinar whereby you get to choose the topic!
Just go to the facebook page for the webinar here;
Chris Capre FXStreet.com Facebook Webinar Choose the Topic
Choose from any subject related to trading so make sure to cast your vote.
You have from May 28th to vote so make sure to do it soon.
The webinar will be on Thursday June 7th…
Added by 2ndSkiesForex on May 21, 2012 at 2:58pm — No Comments
I am going to start this article with a question which could signify a major portion of your current level of success or failure in trading.
The question is;
Do you believe willpower (and specifically - your willpower) is a limited resource, and if so, what do you think it limits you to learn, achieve and accomplish?
A follow up question to this is:
If you work on a difficult task,…
In one of my most recent webinars on price action forex trading, I talked about a key method for detecting when a trend is over-extended, which is to look for a climax or exhaustion reversal bar. I had mentioned how from an order flow perspective why these exhaustion and climax bars tend to represent a high probability reversal coming based on the various…Continue
I have been working on a thought experiment for traders here that I will be doing a webinar on in about a month, but before that, wanted to ask all of you traders a question which I think will produce some interesting answers.
The question is the following;
What would you feel like if you were a highly successful trader?
Lately I have been spending a lot of time crunching data on some of the forex price action algorithms my programmer and I created, that the data can at times become overwhelming to digest. In times like these, in needing a break, I often enjoy reading something completely unrelated to forex so I can engage other aspects of my brain. Recently, the subject…Continue
One of the more popular price action forex reversal patterns people trade today is the engulfing bar reversal pattern which is one of many two bar reversal patterns or AB reversal patterns (AB as in it has an A bar and B bar as part of the pattern) available. Although this is a commonly traded pattern, many traders fail to find the best entry or are able to gauge a proper target using any…Continue
Here is a collection of some of my students recent price action trades across EUR/USD, GBP/USD, Gold, AUD/USD, etc.
All of these are trade setups from students in my price action course whom have been really turning it up lately finding some great setups.
The top winners of these are some nice 4 and 5+:1 R:R plays so congrats to all my students!
#1 Riga P.…
Tons of Aussie News in Today's Asian Trading Session. I forgot to post a reminder to attend the open webinar, but you can still review the video while its still fresh:Continue
Added by FX BOOTCAMP on February 22, 2012 at 12:49am — No Comments
I just wrote my newest article called Your Brain, Trading and Finding 'The Zone'.
In the article, I explore what you need to do to develop that…
Sometimes people shirk from the world of Penny Stocks, despite of the fact that it is a very profitable money earning prospect. Definitely it would be a challenge to know about what Penny Stocks to watch, for the new entrants in this game of money making. Nevertheless, as far as Hot Penny Stocks are concerned, it has great potential; although risks would be involved in Penny Stocks just like any other business. It is a matter of…Continue
Added by stockprofessors5 on January 17, 2012 at 11:25am — No Comments