Forex Market News FX charts.

Monday, February 22, 2016

EUR/JPY Chart

Summary : Target Level : 128.1745
Target Period : 3 days
Analysis :
Falling Wedge identified at 22-Feb-01:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 128.174 within the next 3 days.
Resistance Levels :
( B ) 128.1745Last resistance turning point of Falling Wedge.
Support Levels
( A ) 125.0195Last support turning point of Falling Wedge.

Saturday, February 20, 2016

Learning to Trade

There are several keys to trading an early morning breakout. First, you need to wait for a trading range to develop between 9:30 and 9:50 in the morning. This is the crucial “after the bell” period where most activity is seen. Second, you need to buy or short the trend between 9:50 and 10:10, after you see the range develop. Third, you need to have a clear price target in mind and a stop loss order in place in case your target isn’t reached.

Friday, February 19, 2016

Trader Simulator

A day trading breakout is an influx of high volume trading that occurs right after the open. First thing in the morning, there is usually an influx of trading activity, due to the fact that most traders are putting in their first orders of the day. As a result, we tend to see higher momentum earlier in the day, even in a market that’s generally going sideways.Trader Simulator looks to address the weaknesses of beginner traders by providing access to the markets at a level you’re comfortable with.

Wednesday, February 17, 2016

AUD/USD Chart

Summary : Target Level : 0.6984
Target Period : 2 days
Analysis :
Channel Up identified at 16-Feb-17:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.698 within the next 2 days.
Supporting Indicators :
Downward sloping Moving Average
Resistance Levels :
( B ) 0.7182Last resistance turning point of Channel Up.
Support Levels
( A ) 0.6984Last support turning point of Channel Up.

Monday, February 15, 2016

USD/ JPY

Summary : Target Level : 114.4755
Target Period : 3 days
Analysis :
Channel Down has broken through the resistance line at 14-Feb-23:00 2016 GMT. Possible bullish price movement forecast for the next 3 days towards 114.476.
Supporting Indicators :
Upward sloping Moving Average
Resistance Levels :
( B ) 117.527Last resistance turning point of Channel Down.
Support Levels
( A ) 110.9825Last support turning point of Channel Down.

Learning to Trade

We will be posting trading opportunities , trade at your own risk. Most of the charts have a 70 percent of being right but some can go the other way,that is the nature of trading.Forex market trading the fear of losing If you are a trader in the stock market losing trades are part of trading. One of the biggest emotional aspects in trading is to overcome the fear of losing. Having a losing trade causing you to have feeling of fear and pain from the loss. All good stock traders will except small loses and learn from the experience.Forex traders need to realize that they will have small loses its part of the trading game as they learn to play to win.Looking For a Set-and-Forget Strategy? They will adjust their trading strategy to keep losses small and their winning stock trades big. As a forex trader you need to learn what the successful traders are doing and study their trading style. This way you will limit your losses and keep them manageable. You need to work on your mind set that you will have losses in stock trading. Learning to trade with a mind set of not to lose is good to a certain point. Small losses are the price to be paid to be a consistence winner in the stock markets.

With this course you will master the success factors that will make you a winner in the markets. Then you can limit your time trading to just 90 minute per day, using methodology that’s been continually profitable since it was first developed it in the mid-1990s.