Saturday, January 31, 2015

Swing Trading Forex Markets

 Always take note of the risks involved and what you are particularly risking in the exchanges. Always trade in reasonable sizes.  Some markets inside exchanges are able to make it possible for individuals to trade very large amounts of leverage. And so, a lot of people trade in large quantities in order to assure larger profits. However, doing this may also open up the possibility of losing money in such large quantities as well. It is always wiser to scale your trades in order to lessen risks. Never trade sizes that can wipe you out of all your money. And you would have nothing to lose if you actually start small, and grow your trading transactions from there.

Learn step by step how a successful forex trader makes consistent money trading trends on the forex market and how you can copy that success. The basic system was first unveiled on a public forum a few years ago and this book takes it to the next level. Put your trading on turbo with this updated version of an already profitable system. Learn how to predict when a trend will start. Discover the methods the pros use to suck the money out of the trend. Give yourself a head start against the 90% of traders who consistently lose. This book is written for every trader who is failing to make consistent money trading forex. Whether you have just started trading and want to make money from day one or you have been trading for a while but just can't seem to get the hang of it this book is for you.
Swing Trading Forex

Friday, January 30, 2015


USD/CHF  Daily
13::40 GMT -Earlier strength was capped near the 0.9285 target and     prices have levelled off last several hours. This is first res. while a new high should target 0.9330 next. To the downside, initial sup. is at today's low at 0.9197 then the 0.9115/45 band.  N.I.
R4: 0.9550/55  projection
R3: 0.9400/20  figure/projection
R2: 0.9330 * projection
R1: 0.9284  today high
S1: 0.9197  today low
S2: 0.9115/45  intraday level
S3: 0.9075  intraday level
S4: 0.9040 * Thurs low
S5: 0.8970/80  intraday level/Wed lo


Summary : Target Level : 1.5224Target Period : 3 days
Analysis :
Inverse Head and Shoulders identified at 30-Jan-07:00 2015 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.522 within the next 3 days.

Resistance Levels :
( B ) 1.5224Last resistance turning point of Inverse Head and Shoulders.

Support Levels
( A ) 1.5019Last support turning point of Inverse Head and Shoulders.

Thursday, January 29, 2015


Summary : Target Level : 118.4126Target Period : 16 hours
Analysis :
Falling Wedge has broken through the resistance line at 29-Jan-03:00 2015 GMT. Possible bullish price movement forecast for the next 16 hours towards 118.413.

Resistance Levels :
( B ) 118.227Last resistance turning point of Falling Wedge.

Support Levels
( A ) 117.253Last support turning point of Falling Wedge.

Tuesday, January 27, 2015

Candle Stick Charts Stock Forex Trading

To make money in the stock or other markets you need to keep your trading or investing techniques simple. Traders with all of the tools and indicators that are out there, the best traders keep it simple and focus on price movement itself for their buys and sells. Take price candles stick charts they give you plenty of information that can be made into profits if you know how to use them. Each candle is usually based on a period of time.  As the stock or Forex trader you are responsible for deciding what period you want to assign for your candles. A day trader may use five minute candles  every candle shows price movement for five minutes of time while a swing trader may choose a sixty minute candle. Investors want a larger perspective of price movement so they may use a weekly candle chart.
Candle Stick Charts

Wednesday, January 21, 2015

GBP's Weakened again today

 GBP/JPY  Daily
14::15 GMT - GBP's Weakened again today from short of 181 : market     remains held off the Nov-Dec top, filling out the wide end-Oct rally  range. We'd lean lower from here for range extension into 174.62, and a general decline into 172.00/ the 2014 range pivot. [NR]
R5: 188.15-55   9-Dec sell accel
R4: 187.75 * 29-Dec high
R3: 187.30 * 2-Jan high
R2: 181.05  early Nov-13 lows
R1: 180.92 * 8, 9-Jan highs
S1: 175.75 * 16-Jan low
S2: 175.00~   Jan & Jul tops
S3: 174.62 * 31-Oct low
S4: 172.00 * 2014 high volm
S5: 171.02   22-Oct low

Friday, January 16, 2015

trade with pivot points

A thorough trading guide from a professional trader. The Complete Guide to Technical Trading Tactics can help the new individual investor understand the mechanics of the markets. Filled with in-depth insights and practical advice, this book details what it takes to trade and shows readers how they can broaden their horizons by investing in the futures and options markets. The Complete Guide to Technical Trading Tactics outlines a variety of proven methodologies-pivot points, candlesticks, and other top indicators-so readers may use those that work best for them as well as make their own trading decisions without a second thought.
How to trade with pivot points

Thursday, January 15, 2015

EUR/USD continues to lose ground on Thursday

EUR/USD continues to lose ground on Thursday, as the pair trades at the 1.17 line in the European session. The euro slipped as low as 1.1580, its lowest level since November 2003. On the release front, Eurozone Trade Balance improved to EUR 20.0B, but this was short of expectations. Later in the day, the German Bundesbank President Jens Weidmann will deliver remarks in Berlin. It’s a busy day in the US, highlighted by Unemployment Claims. We’ll also get a look at PPI and the Philly Fed Manufacturing Index.
EUR/USD was flat in the Asian session. The pair has posted losses in the European session, breaking below resistance at 1.1734 and testing support at 1.1634.
1.1734 has switched to a resistance role as the pair has dropped to lower levels.
1.1634 is an immediate support role. EUR/USD is pointing to gains in short positions on Thursday, reversing the direction seen a day earlier. This is consistent with the pair’s movement, as the euro continues to post more losses. The ratio is showing a split between long and short open positions, indicative of a lack of trader bias towards where the pair is headed next.

Wednesday, January 14, 2015


 EUR/USD   Daily
13::40-GMT - Decent reversal underway with prices moving above the important res. at 1.1820. Next focus is the 1.1850/70 band. Sup.  should be higher now at 1.1765.  N.I.
R5: 1.1968 * 6 Jan high
R4: 1.1920  intraday level
R3: 1.1896 * 7 Jan high
R2: 1.1870  Mon high
R1: 1.1850/60  intraday level
S1: 1.1765  intraday level
S2: 1.1726  today low
S3: 1.1720 * projection
S4: 1.1700  figure
S5: 1.1640  2005 low

Monday, January 12, 2015

Gold has posted slight losses on Monday

Gold has posted slight losses on Monday, trading at the spot price of $1219.73 per ounce in the European session. Gold posted strong gains to end the week, as the metal trades comfortably above the key line of $1200. On the release front, the only data release out of the US is the Labor Conditions Market Index. As well, FOMC member Dennis Lockhart will deliver a speech in Atlanta.
XAU/USD posted gains in the Asian session. The pair has reversed directions in European trade and given up the earlier gains.
1215 is a weak support line. The round number of 1200 is next.
On the upside, 1240 an immediate resistance line. XAU/USD ratio is almost unchanged on Monday. This is not consistent with the pair’s movement, as gold has posted slight losses. The ratio remains a split between open and short positions, indicating a lack of trader bias as to what direction the pair will take next.

Friday, January 9, 2015


 EUR/JPY   Daily
13::50 GMT - Small dip just traded has been recovered, making for a modest excess low/ a potential bottom marker this week. Run on   through 141.35/ the overnight high would boost that call. EUR otherwise risks fading again and remaining  on the week's sell offlow, with steep further downside to 137.50 or so. [NR]
R5: 148.42  15-Dec high
R4: 147.15~  fr 22-Dec highs
R3: 146.75 * 30-Dec high
R2: 145.30 * 2-Jan high
R1: 141.70~  Wed, Thurs highs
S1: 141.22 * 19-Sep high
S2: 140.50~   this week lows
S3: 137.62 * 31-Oct low
S4: 137.00 * 30-Oct low
S5: 135.15   23-Oct low

Wednesday, January 7, 2015

EUR/USD has posted slight losses on Wednesday

EUR/USD has posted slight losses on Wednesday trading in the mid-1.18 range. The euro has lost 150 points so far this week, as the common currency continues its move downward. On the release front, it’s a busy schedule in the Eurozone and in the US. Eurozone CPI disappointed with a decline of 0.2%. German data was positive, as Retail Sales jumped 1.0% and Unemployment Claims dropped by 27 thousand. In the US, today’s key releases are the ADP Nonfarm Payrolls and Trade Balance. As well, the Federal Reserve will release the minutes of its last policy meeting.

Eurozone inflation numbers remain mired at low levels. Eurozone CPI dipped to -0.2% in December, its first decline since September 2009. German Preliminary CPI remained stuck at 0.0% in December, unchanged from the November report. This missed the very modest estimate of 0.1%. The readings come at a crucial time, with the ECB holding a policy meeting on January 22. With the threat of deflation hanging over the Eurozone like a dark cloud, the ECB could respond with quantitative easing, which would mean buying large amounts of Eurozone bonds. QE worked well in the US, but the Federal Reserve was calling the shots and was able to implement and then taper QE as it pleased. It’s a far different story in Europe, as the powerful German Bundesbank has voiced its opposition to such a move and ECB head Mario Draghi will find it difficult to take such a dramatic step without a strong consensus. If the ECB does pull the ECB trigger, the shaky euro is likely to fall even further early in 2015.

Monday, January 5, 2015


USD/JPY has started the first full week of 2015 with losses. Early in the North American session,  the pair trades just below the 120 line.  It’s a quiet start to the new trading week. In Japan Final Manufacturing PMI remained unchanged at 52.0 points. Monetary Base slipped to 34.3%. Over in the US, there is just one minor release on the schedule, Total Vehicle Sales. As well, FOMC Member John Williams will speak at an event in Boston. The US dollar has enjoyed broad gains against its major rivals, and the yen is no exception, as USD/JPY is trading close to the 120 line.
USD/JPY ratio is unchanged on Monday. This is not consistent with the pair’s movement, as the yen has posted slight gains. The ratio has a majority of long positions, indicative of trader bias towards the dollar posting gains.