All Blog Posts Tagged 'trading' (569)

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

How Does Forex Currency Trading Work? Forex Currency Trading

Forex currency trading (or Foreign Exchange trading) is one of the most

lucrative forms of stock trading today. The Forex market was once

limited to lending institutions and government banks, but is now open to

all investors. If you are currently a stock investor or are interested

in stocks, then you don't want to miss the amazing opportunity the Forex

market offers. More than $2 trillion dollars in currencies are being

traded daily with Forex currency trading! This…

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Added by Forex Maxims on December 26, 2014 at 6:41pm — No Comments

Target Trading in the Forex upcoming week of December 21, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.227. A couple of different scenarios:  1:  bullish: This could be starting a head and shoulders pattern for a move  above 1.2500 would target the R5 Resistance @ 1.2615 and then the R6 @ 1.2870). 2: Bearish : A break down here would set up a nice move to the 2.618 Fibo @ 1.2109. The average daily true range (ATR) for the pair currently is 115 pips.…

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Added by Scott Barkley on December 20, 2014 at 3:02pm — No Comments

Target Trading in the Forex upcoming week of November 30, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2440 in a 5th wave but still ranging.  We could get the turn here.  If not, look to the 1.618 Fibo @ 1.2193 as the target.  The average daily true range (ATR) for the pair currently is 107 pips.

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Added by Scott Barkley on November 29, 2014 at 3:19pm — No Comments

Target Trading in the Forex upcoming week of November 23, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2392 in a 5th wave.  We could get the turn here.  If not,  look to the 1.618 Fibo @ 1.2193 as the target.  The average daily true range (ATR) for the pair currently is 111 pips.

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Added by Scott Barkley on November 22, 2014 at 4:48pm — No Comments

Target Trading in the Forex upcoming week of November 17, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2577 in a 5th wave.  We are looking to finish this wave @ 1.2236-58 (1.270 Fibo and S6 of this wave).  Watch for the turn here. The average daily true range (ATR) for the pair currently is 107 pips.

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Added by Scott Barkley on November 16, 2014 at 7:22pm — No Comments

Target Trading in the Forex upcoming week of November 9, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2455 in a 5th wave.  We are looking to finish this wave @ 0.2258-87 ( 1.270 Fibo and S6 of this wave).  Watch for the turn here. The average daily true range (ATR) for the pair currently is 102 pips.

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Added by Scott Barkley on November 8, 2014 at 2:08pm — No Comments

Target Trading in the Forex upcoming week of November 2, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2524 in a 5th wave.  We are looking for the first target @ 0.2403 with an overall target in the S6/1.270 Fibo area @ 1.2423.  The average daily true range (ATR) for the pair currently is 112 pips.

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Added by Scott Barkley on November 1, 2014 at 2:08pm — No Comments

Target Trading in the Forex upcoming week of October 26, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2646.  We are looking for the finish of the correction in this resistance area then down to the S8/2.618 Fibo target  @ 1.2423.  The average daily true range (ATR) for the pair currently is 119 pips.

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Added by Scott Barkley on October 25, 2014 at 2:35pm — No Comments

Target Trading in the Forex upcoming week of October 19, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.2760.  We are looking for the finish of the correction in the 1.3000 area then down to the S8 target  @ 1.2422.  The average daily true range (ATR) for the pair currently is 131 pips.

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Added by Scott Barkley on October 18, 2014 at 4:35pm — No Comments

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