Check out our Ichimoku Trade Setup
on EURJPY for today.
Added by 2ndSkiesForex on September 29, 2011 at 12:32am —
After struggling to break the 1.3550 level for a little over two days, the EURUSD finally broke the 1.3550 level and closed above the 38.2% fib (of the 1.3950 - 1.3362 downmove) and has held the level.
However, it did form a… Continue
Added by 2ndSkiesForex on September 27, 2011 at 11:54pm —
Our weekly report on Forex Price Action and Ichimoku Trade Signals is now available with trade setups on GBPUSD and Silver.
Added by 2ndSkiesForex on September 27, 2011 at 12:40am —
Earlier this week I was talking to a student who is starting his private forex mentoring with me. He was actually referred to me by a previous student I spent time mentoring two years ago. This former students name is Tony and had no prior experience in trading, nor a degree in business or finance. But he had a serious desire to learn how to trade successfully while putting in the work and study. Continue
Occasionally he writes me an email to tell me he is still trading and doing well. He…
Added by 2ndSkiesForex on September 25, 2011 at 8:35pm —
GBPUSD - 4hr Chart
As we've blogged about in our post this week with the GBPUSD's 20ema rejections giving us a great trade signal to get into the trend, the pair hasn't disappointed, doing a classic rejection off the 20ema, but this time starting a massive sell-off shedding over 400pips in a matter of 1.5days following this most recent rejection so hopefully you got to…
Added by 2ndSkiesForex on September 22, 2011 at 10:29pm —
As this market has been feeling like a bubble waiting to find a pin as the wheels come off Fast and Furious, everything across the board is getting hammered from pillar to post and starting to scream out a major sell-off is coming to a market near you. Continue
When the 2007/08 global recession started, the DJIA led the declines with the DAX following suit after. But this time those across the pond seem to be the dying canary in the coal mine. Today, the DAX is down 4.64% on the day and…
Added by 2ndSkiesForex on September 22, 2011 at 4:57pm —
We are just getting to the charts this morning and are noticing a possible Kumo Break
on the $USDINX with a nice flat bottom and 38.2% fib lining up.
Take a look a the chart below.
At the… Continue
Added by 2ndSkiesForex on September 20, 2011 at 12:51pm —
We have just posted our weekly Forex Price Action Trade Setups
. To learn more about what we are watching, click on the link above.
Added by 2ndSkiesForex on September 19, 2011 at 9:26pm —
We have posted our weekly Forex Price Action and Ichimoku Trade Signals
for the week which you can learn more about by clicking on the link above.
Added by 2ndSkiesForex on September 12, 2011 at 11:55pm —
Upside Technical Break Looks Set to be Coming Soon
Looking at the weekly chart on Gold (vs. USD), the sell-off from two weeks ago at the rejection of $1900 was impressive not so much in how much it dropped in a single week, but on how well it recovered. The following act in the next week was a solid weekly gain of 3.4% from an opening price of $1822 – 1864 closing towards the highs suggesting buyers were holding into the weekend and thus not taking profits. The following week was… Continue
Added by 2ndSkiesForex on September 11, 2011 at 10:45pm —
Tis not surprising the EURUSD is getting hammered today.
The Greek Fin. Min. has been playing defense today (oh wait, they've been doing that for months now)about the rumors spreading around Greece will default over the the weekend.
"Chancellor Angela Merkel’s government is preparing plans to shore up German banks in the event that Greece fails to meet the terms of its aid package and defaults, three coalition officials said. The emergency… Continue
Added by 2ndSkiesForex on September 9, 2011 at 4:12pm —
Added by 2ndSkiesForex on September 8, 2011 at 2:01pm —
Wanted to share this from Economic Collapse giving some of the most scary quotes from inside the European financial and political leadership suggesting they all see the writing on the wall and the Eurozone is about to collapse.
The following are 20 quotes from European leaders that prove that they knowthat the financial system in Europe is doomed....
Added by 2ndSkiesForex on September 8, 2011 at 12:27am —
Anyone who happened to be watching $Gold over night during the Asian session might have noticed something odd when it dropped $45 in a matter of 12 minutes from $1875 to $1830. Not only is this an abnormal drop over such a short period of time, it happened during the Asian session which makes it a little stranger.… Continue
Added by 2ndSkiesForex on September 7, 2011 at 3:31pm —
We have just posted our weekly Forex Price Action Trade Signals and Setups
. To learn more about what trade setups we are watching, click on the link above.
Added by 2ndSkiesForex on September 7, 2011 at 1:29pm —
Anyone waking up to look at the charts without seeing the news first might have had quite a surprise look on their faces when seeing the EURCHF price jump over 9% and 1000pips in a matter of 3 hours. Continue
Today, the SNB intervened in an unprecedented, sudden and aggressive move by setting a minimum rate for the Franc vs. the Euro in what they stated was to “achieve a substantial and sustained weakening” of the Franc which has been appreciating against the entire basket of G8…
Added by 2ndSkiesForex on September 6, 2011 at 12:20pm —
In what may be the most drastic move by a Central Bank in the last decade, the SNB has moved overnight and announced a commitment to set a base on the EUR/CHF exchange rate to 1.20. This saw the EUR/CHF cross rate jump 1000pips or 9% (see chart below) overnight in a period of 3hrs, while the CHF gained 1100pips against the GBP (8.7%) and 750pips vs. the USD (9.5%). … Continue
Added by 2ndSkiesForex on September 6, 2011 at 10:00am —
Back from vacation and a well needed rest, I wanted to post some key articles I've been reading which I thought you might enjoy before the week starts (its actually started but with Labor Day in the states, US markets were closed so not a full week).
Here is the hit-list for now and we'll be back to full posting on Tuesday with our weekly report out early tomorrow morning before NY wakes up.
The list;… Continue
Added by 2ndSkiesForex on September 6, 2011 at 12:19am —
*I am on vacation now and not taking any new trades Pre-NFP tomorrow which could have a large impact on the markets. However, I did have a newer trader email me with some questions they had about trading a few days ago. Continue
His comments and experiences of a mistake he made was something I feel a lot of traders go through so I wanted to post his comments and then share my response which you may find valuable.
I also appreciate your comments on my response below and welcome your…
Added by 2ndSkiesForex on September 1, 2011 at 12:41pm —