Thought I'd share some of the most interesting articles of the week regarding the markets and trading:
Jesse Livermore - the trials, successes and lessons from one of the greatest traders of all time
GDP grows at 1.3% - worse than…
Added by 2ndSkiesForex on July 29, 2011 at 3:16pm — No Comments
After pretty much doing what we said it would last week bouncing to the 20ema and the look for sells after the price touches it, the pair sold off after retracing and rejecting off the 20ema and 50% fib of the last major down-move.
The pair did not dis-appoint as it sold off 233pips from high to low and was selling from market open with not even a wink higher…
Added by 2ndSkiesForex on July 27, 2011 at 8:53pm — No Comments
I just posted my new weekly article on forex price action and ichimoku setups.
To view the article, click on the link Forex Price Action and Ichimoku Trade Setups.
I also love feedback and comments so feel free to write yours and comment on this post.
For the latter part of 2011, the CHF has been beating up any currency inside the G8 and taking absolutely no prisoners. Just look at these facts;
-All time low printed in the last month for EURCHF
-All time low printed against GBP in last 30 days
-Clocked in an all time low against the USD (well - maybe this is not that special since even the Uruguayan Peso is gaining against the USD. When a country of barely 3+ million people has their currency appreciate 33% against the…
Added by 2ndSkiesForex on July 20, 2011 at 12:22am — No Comments
Added by 2ndSkiesForex on July 13, 2011 at 2:37pm — No Comments
After chopping around in a 700pip range for the last two months, the EURUSD has once again returned home to its lower ground at the previous low from May this year, the 1.4000 level. It actually pierced the level last May by about 30pips and has done a small shave below it today with the massive selling the EURUSD today as it lost 240pips from high to low, closing just 30pips of the big figure.
The real question on traders minds is 'can I buy here since its held before or is it…
Added by 2ndSkiesForex on July 12, 2011 at 12:42am — No Comments
NFP Came in at 18,000 jobs added for the month of June, way less than expected as some analysts were coming in at +125,000 to be added - and people get paid to predict stuff like that?
Small gains in the private sector barely outweighed govt job losses.
Unemployment gained slightly to 9.2% and is the highest level sinec Dec. 2010. 14.1million americans are actively seeking work but cannot get jobs. And banks are complaining about a cap in ATM fees when they are posting…
Added by 2ndSkiesForex on July 8, 2011 at 1:00pm — No Comments
Added by 2ndSkiesForex on July 7, 2011 at 12:24am — No Comments
Added by 2ndSkiesForex on July 6, 2011 at 1:00pm — No Comments
Added by 2ndSkiesForex on July 6, 2011 at 1:22am — No Comments
Silver has been an interesting metal as of late, with the massive sell off after the Hunt bros. failed attempt in the spring this year to corner the market, to the strange consolidation for the last two months. After making a parabolic run to $50, the metal sold back in a jiffy to $33.55 per oz. which was the 50% fib of the major upswing from $17.50 - $50 which was the all-time high. In a peregrine falcon dive…Continue
Added by 2ndSkiesForex on July 1, 2011 at 5:30pm — No Comments