All Blog Posts Tagged 'trading' (577)

Eur/Usd : 27/02/2015 Technical Analysis Report From Centreforex

Our Preference: Sell positions below 1.1270 with stoploss of 1.1350 and target upto 1.1100 in extension

Alternative Scenario: Nill

Technical Commentary: In Weekly chart Eur/Usd was broken last week low & weekly key support level now its…

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Added by CentreForex on February 28, 2015 at 10:08am — No Comments

Eur/Jpy : 27/02/2015 Technical Analysis Report From Centreforex

Our Preference: Sell below 134.20 With tight Stoploss of 135.20  for the target of 133.00 & 132.00 levels.

Alternative Scenario: Nill

Technical Commentary: In daily chart :- Eur/jpy was broken the triangle pattern on lower trend…

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Added by CentreForex on February 28, 2015 at 7:30am — No Comments

Usd/Chf : 27/02/2015 Technical Analysis Report From CentreForex

Our Preference: Buy above 0.9480 with target of 0.9550 & 0.9600 in extension

Alternative Scenario: Nill

Technical Commentary: In daily chart,Usd/Chf was trading in the Equidistance channel lines and its broken key resistance levels and now…

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Added by CentreForex on February 28, 2015 at 7:16am — No Comments

Gbp/Usd : 27/02/2015 Technical Analysis Report From Centreforex

Gbp/Usd : 27/02/2015 Technical Analysis Report From Centreforex

Our Preference: Sell below1.5450 with target of 1.5360  in extension

Alternative Scenario: Nill

Technical Commentary: In daily chart :- Yesterday Gbp/Usd was broken lower trend line and also broken key support line So its confirming that for down :- We have shown in image.

In 4 hours chart & 1 hour chart Gbp/Usd was broken the equidistance channel lines on lower side…

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Added by CentreForex on February 28, 2015 at 7:11am — No Comments

Xau/Usd ( Gold ) : 27/02/2015 Technical Analysis Report From Centreforex

Our Preference: Buy  positions Above 1203 with target of 1218 & 1226 in extension.

Alternative Scenario: Nill

Technical Commentary: In Weekly chart and Daily chart Gold was tested lower trend line and its bounced back from the lower trend line and closed above the lower trend line and its trading in the triangle pattern so we got a good support levels.

In 4 hours chart,Gold was trading in Equidistance channel lines and yesterday its broken…

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Added by CentreForex on February 28, 2015 at 6:58am — No Comments

Target Trading in the Forex upcoming week of February 22, 2015

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.1377 in a range.  A couple of different scenarios:  1:  bullish: a move to the 0.618/R6 @ 1.1660 area before resumption down,  2: Bearish : A break down here or at the 1.2996 area would set up a nice move back to the bottom @ 1.1102. 3: a range trade is it goes sideways . The average daily true range (ATR) for the pair currently is 124 pips.

 …

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Added by Scott Barkley on February 21, 2015 at 3:39pm — No Comments

Target Trading in the Forex upcoming week of February 15, 2015

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.1399 after breaking through the trend wall.  We are looking to continue now to the upside to the R5 @1.1650.  Watch for it to end there.  The average daily true range (ATR) for the pair currently is 125 pips.

 …

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Added by Scott Barkley on February 14, 2015 at 2:56pm — No Comments

Rules Based Forex Trading

A good forex trading system should have some basic rules for trade entries and money management. Simple rules like trading in the direction of the primary trend. Then there should be some additional rules if the trader wants a more strict system to reduce the number of trades taken. Check out this complete rules based system that has instructions any trader can follow and…

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Added by Mark Mc Donnell on February 14, 2015 at 3:46am — No Comments

Target Trading in the Forex upcoming week of February 8, 2015

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.1320 after bouncing on the trend wall.  We are looking to finish the correction to 1.1660 and maybe a continued down move after the correction.  The average daily true range (ATR) for the pair currently is 167 pips.

 …

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Added by Scott Barkley on February 7, 2015 at 9:02pm — No Comments

Target Trading in the Forex upcoming week of February 1, 2015

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.1300 after bouncing on the trend wall.  We are looking to finish the correction to 1.1381.  We could get the turn here.  If not, look to the square up and the S7 @ 1.1583 as the target.  If we head back down we are looking for the double bottom @ 1.1100.  The average daily true range (ATR) for the pair currently is 142 pips.

 …

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Added by Scott Barkley on January 31, 2015 at 3:55pm — No Comments

Forex Trading Strategy Session - FOMC Day

 FOMC press conference later today.  Will Yellen's team be less hawkish with oil prices dragging CPI data so low?  Only time will tell.  In today's forex trading strategy session, we go through all the charts and apply technical analysis: EUR/USD, GBP/USD, AUD/USD, USD/JPY, CAD/JPY, NZD/JPY, NZD/USD, AUD/JPY, GBP/JPY, EUR/JPY, OIL, GOLD,…

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Added by FX BOOTCAMP on January 28, 2015 at 2:22pm — No Comments

Target Trading in the Forex upcoming week of January 25th, 2015

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.1208.  Looking to see how strong the reaction we get here. We are looking for a bounce back to the 0.382 fibo @ 1.1468 and maybe higher to 1.1564. The average daily true range (ATR) for the pair currently is 142 pips.

 …

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Added by Scott Barkley on January 24, 2015 at 3:00pm — No Comments

It's Not For Everyone! Online Currency Trading

Money trading is a trade of currencies from various countries. Currency

trading may seem very complex and risky. But, we must understand that

the medium of exchange is a very simple system and can be performed by

anyone. First, you should understand that bargaining chip (also known as

Forex) is having most money in the world's market. This currency

trading generates an exchange of more than one billion dollars in one

day.

Traders, or…

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Added by Forex Maxims on January 11, 2015 at 1:03am — No Comments

Target Trading in the Forex upcoming week of January 11th, 2015

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.1843.  Looking to see how strong the reaction we get here. A break down here would set up a nice move to the 4.236 Fibo @ 1.1699.  A bounce - look for the 1.1998. The average daily true range (ATR) for the pair currently is 80 pips.…

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Added by Scott Barkley on January 10, 2015 at 3:53pm — No Comments

Target Trading in the Forex upcoming week of January 4th, 2015

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2004.  Looking to see what reaction we get here. A break down here would set up a nice move to the S6 @ 1.1883.  A bounce - look for the 1.2260. The average daily true range (ATR) for the pair currently is 97 pips.…

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Added by Scott Barkley on January 4, 2015 at 1:23am — No Comments

New Revenue Stream - Currency Trading

It is also about buying foreign currency, the most traded in the

international market such as the US dollar, UK pound or the Euro, on a

daily basis from the open market. It is sold either the same day or

two-three days later when the demand for the particular currency is

higher. Though the fluctuation in the currency rates is marginal, the

earnings can be on the greater side since currency trading is carried

out in the form of bulk. Only registered organizations and…

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Added by Forex Maxims on January 2, 2015 at 2:40am — No Comments

USDCAD Looks to Channel Support

As the markets come out of the holiday lull, I'll be watching this ascending channel on USDCAD. The area highlighted in green could produce bullish price action as a signal to get long. The absence of a bullish signal there and a break of channel support would send the market to the next area of support around 1.1260.

Summary: Wait for a pullback to channel support and then watch for bullish price action. Key resistance comes in at 1.1660 and 1.1810…

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Added by Justin Bennett on December 30, 2014 at 1:24am — 4 Comments

Creating a Trade Journal

A complete guide to creating a trade journal should include many items:

1. Setting up demo and real micro lot  trading accounts.

2. When to scale up to full scale lots.

3. Following up on trades you took and especially trades you did not take.

4. Are you able to effectively manage your money and pofit.

5. Taking notes.

6. Evaluation of the effectiveness of your trading system

Check out this…

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Added by Mark Mc Donnell on December 28, 2014 at 11:00pm — No Comments

4 Parts Of A Complete Trading Journal

Successful traders will agree that keeping a trading journal is one of

the crucial factors in achieving forex trading success. Not only does a

good trading journal contain the trade plan or profit and loss

components, it should be complete with risk management plans and

psychological details. Here are the four important parts of a complete

trade journal:









The first part is all about analysis. Some traders rely on technical

analysis while others…

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Added by Forex Maxims on December 28, 2014 at 7:23pm — No Comments

Target Trading in the Forex upcoming week of December 28, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2178.  Looking to see what reaction we get at the 2.618 Fibo @ 1.2109.  A break down here would set up a nice move to the S6 @ 1.1993. The average daily true range (ATR) for the pair currently is 97 pips.…

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Added by Scott Barkley on December 27, 2014 at 3:40pm — No Comments

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