Tuesday, June 9, 2009

Forex Blog (6 сообщений)

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My Forex experience and some Forex related information that might be useful to other traders
http://www.earnforex.com/blog
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  • Greek Forex Broker

    I’ve uploaded the basic details about FXGreece broker to my site today. I guess it’s the first Greek Forex broker that I’ve seen. There were many from Cyprus, but though culturally related Cyprus isn’t Greece. Is there anything else interesting about this broker? Not much, they are quite average and in some properties — below the average. FXGreece offers web-based, standalone and mobile trading software, but the minimum account size is quite high even for mini — $2,000. Other features of this broker include:

    • Necessity to send the initial account opening documents via postal mail
    • Wire transfer as the only mean to upload and withdraw funds
    • Gold and silver trading
    • 3 pips spread on EUR/USD

    (...)
    Read the rest of Greek Forex Broker (17 words)

    Posted on Forex blog.
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  • How Much Time Do You Spend on Forex Trading?

    The majority of the professional Forex traders spend full working day on trading. I spend no more than an hour a day to trade. Usually even less. Some traders that I know trade during London/U.S. sessions’ intersection (four hours). Actually I don’t think that the time spent on the market can proportionally increase the amount of profit you get from trading. So, in my opinion, it’s very important to find a balance here. Where have you found this balance?

    Note: There is a poll embedded within this post, please visit the site to participate in this post's poll.
    (...)
    Read the rest of How Much Time Do You Spend on Forex Trading? (26 words)

    Posted on Forex blog.
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  • Forex Chart Patterns — EUR/CAD, CHF/JPY and Gold

    This is my second post with some interesting chart patterns that were spotted during the past week and that can still be played out by the traders. EUR/CAD, CHF/JPY and Gold charts are presented. To me, those patters look extremely profitable and constitute great positions. I hope that you are familiar with the pattern trading and can figure out how to use them. Anyway, trade at your own risk. As always, you click the images to get a full chart picture with the complete pattern visible.

    1. EUR/CAD, Daily, Falling Wedge:
    EURCAD, D1, 2009-06-07

    2. CHF/JPY, Daily, Ascending Triangle:
    CHFJPY, D1, 2009-06-07

    3. Gold (XAU/USD), Weekly, Rising Wedge:
    XAUUSD, D1, 2009-06-07
    (...)
    Read the rest of Forex Chart Patterns — EUR/CAD, CHF/JPY and Gold (14 words)

    Posted on Forex blog.
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  • Forex Technical Analysis for 06/08—06/12 Week

    EUR/USD trend: sell.
    GBP/USD trend: hold.
    USD/JPY trend: hold.
    EUR/JPY trend: sell.

    Floor Pivot Points
    Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
    EUR/USD 1.3533 1.3663 1.3909 1.4039 1.4285 1.4415 1.4661
    GBP/USD 1.5487 1.5631 1.5909 1.6054 1.6332 1.6476 1.6754
    USD/JPY 91.27 92.84 94.08 95.66 96.90 98.48 99.72
    EUR/JPY 128.17 129.82 132.38 134.03 136.59 138.24 140.80

    Woodie’s Pivot Points
    Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res
    EUR/USD 1.3692 1.3968 1.4068 1.4344 1.4444
    GBP/USD 1.5665 1.5976 1.6087 1.6398 1.6510
    USD/JPY 92.76 93.92 95.58 96.74 98.39
    EUR/JPY 130.04 132.83 134.25 137.04 138.47

    Camarilla Pivot Points
    Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
    EUR/USD 1.3949 1.4053 1.4087 1.4122 1.4190 1.4225 1.4259 1.4363
    GBP/USD 1.5955 1.6071 1.6109 1.6148 1.6226 1.6264 1.6303 1.6419
    USD/JPY 93.78 94.55 94.81 95.07 95.59 95.84 96.10 96.88
    EUR/JPY 132.62 133.78 134.17 134.55 135.33 135.71 136.10 137.26

    Tom DeMark’s Pivot Points
    Pair EUR/USD GBP/USD USD/JPY EUR/JPY
    Resistance 1.4350 1.6404 97.69 137.41
    Support 1.3974 1.5982 94.87 133.20

    Fibonacci Retracement Levels
    Pairs EUR/USD GBP/USD USD/JPY EUR/JPY
    100.0% 1.4168 1.6199 97.23 135.68
    61.8% 1.4024 1.6037 96.16 134.07
    50.0% 1.3980 1.5987 95.82 133.57
    38.2% 1.3936 1.5938 95.49 133.07
    23.6% 1.3881 1.5876 95.08 132.46
    0.0% 1.3792 1.5776 94.42 131.46

    (...)
    Read the rest of Forex Technical Analysis for 06/08—06/12 Week (16 words)

    Posted on Forex blog.
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  • Dollar Gains on Unexpected Employment Data

    EUR/USD declined today as the unexpected data on the May employment market situation surprised and confused the Forex traders. After growing during the early trading session, EUR/USD is now trading at its June’s low near 1.3965.

    Nonfarm payrolls decreased by 345k in May after sliding by 504k in April (revised positively from -539k change). That was a complete surprise to the market participants as it was almost twice as low as the average decline during the past 6 months. The forecasts also showed 520k decrease of the payrolls. Meanwhile, the unemployment rate rose unexpectedly fast — from 8.9% to 9.4%, and appeared to be above the forecast value of 9.2%.

    Consumer credit declined by $15.7 billion in April, following a drop by $16.5 billion in March (revised negatively from $11.1 billion drop). Forecasts showed a prediction of $6 billion decline.
    (...)
    Read the rest of Dollar Gains on Unexpected Employment Data (12 words)

    Posted on Forex blog.
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  • EUR/USD Down for a Second Day as Productivity Grew

    EUR/USD continued to fall today as the ECB kept interest rate unchanged and the U.S. productivity in the first quarter of 2009 rose faster than expected. The currency pair is now trading near 1.4121.

    Initial jobless claims were at 621k last week, down from 625k reported for a previous week, almost the same as the traders have expected (620k).

    Nonfarm productivity in the business sector rose by 1.6% in the first quarter of 2009. The growth was revised from 0.8%. Market participants expected an increase by 1.2%.
    (...)
    Read the rest of EUR/USD Down for a Second Day as Productivity Grew (12 words)

    Posted on Forex blog.
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Thursday, June 4, 2009

Forex Blog by Lloyd - Long EUR/USD, AUD/USD & Short USD/CAD

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Scouting for Success in the Currency Market
http://www.scoutforex.com/
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Monday, June 1, 2009

Forex Blog by Lloyd - May 2009 Daily Subscriber Signals +640 pips

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Scouting for Success in the Currency Market
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Forex Blog (3 сообщения)

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My Forex experience and some Forex related information that might be useful to other traders
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  • EUR/USD Rises for Third Day as GM Goes Bankrupt

    Euro continued to advance sharply against the U.S. dollar today as the U.S. are witnessing their biggest bankruptcy case in history. Economic indicators that came out from the United States today (other than GM bankruptcy) were better than expected. EUR/USD is now trading near 1.4209.

    Personal income rose by 0.5% in April after decreasing by 0.2% in March (revised up from -0.3%). Personal spending decreased by 0.1% in April, following 0.3% drop in March (revised down from -0.2%). Forecasts for both indicators showed -0.2%.

    Construction spending at seasonally adjusted annual rate rose by 0.8% in April after 0.4% gain in March (revised up from 0.4% growth). Median forecast by the analysts pointed at 0.8% decline.

    ISM in manufacturing sector rose from 40.1% to 42.8% in May — almost the same as expected (42%).
    (...)
    Read the rest of EUR/USD Rises for Third Day as GM Goes Bankrupt (12 words)

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  • Some Interesting Chart Patterns as of May 31st 2009

    I’d like to share 5 interesting chart patterns that I’ve spotted on the market recently and some of them I currently use in my trading. I won’t give any recommendations regarding their usage here, but if you are familiar with pattern trading then you’ll know how to interpret these images. You can click on any image for a much better and clear picture. Use them on your own risk.

    1. EUR/USD, Weekly, 2 Falling Wedges:
    EUR/USD, W1, 2009-05-31

    2. EUR/JPY, Daily, Ascending Wedge (Triangle):
    EUR/JPY, D1, 2009-05-31

    3. GBP/JPY, Daily, Ascending Triangle:
    GBP/JPY, D1, 2009-05-31

    4. USD/CHF, Daily, Falling Wedge:
    USD/CHF, D1, 2009-05-31

    5. NZD/JPY, Daily, Ascending Triangle:
    NZD/JPY, D1, 2009-05-31
    (...)
    Read the rest of Some Interesting Chart Patterns as of May 31st 2009 (14 words)

    Posted on Forex blog.
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  • Forex Technical Analysis for 06/01—06/05 Week

    EUR/USD trend: buy.
    GBP/USD trend: buy.
    USD/JPY trend: hold.
    EUR/JPY trend: buy.

    Floor Pivot Points
    Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
    EUR/USD 1.3533 1.3663 1.3909 1.4039 1.4285 1.4415 1.4661
    GBP/USD 1.5487 1.5631 1.5909 1.6054 1.6332 1.6476 1.6754
    USD/JPY 91.27 92.84 94.08 95.66 96.90 98.48 99.72
    EUR/JPY 128.17 129.82 132.38 134.03 136.59 138.24 140.80

    Woodie’s Pivot Points
    Pair 2nd Sup 1st Sup Pivot 1st Res 2nd Res
    EUR/USD 1.3692 1.3968 1.4068 1.4344 1.4444
    GBP/USD 1.5665 1.5976 1.6087 1.6398 1.6510
    USD/JPY 92.76 93.92 95.58 96.74 98.39
    EUR/JPY 130.04 132.83 134.25 137.04 138.47

    Camarilla Pivot Points
    Pair 4th Sup 3rd Sup 2nd Sup 1st Sup 1st Res 2nd Res 3rd Res 4th Res
    EUR/USD 1.3949 1.4053 1.4087 1.4122 1.4190 1.4225 1.4259 1.4363
    GBP/USD 1.5955 1.6071 1.6109 1.6148 1.6226 1.6264 1.6303 1.6419
    USD/JPY 93.78 94.55 94.81 95.07 95.59 95.84 96.10 96.88
    EUR/JPY 132.62 133.78 134.17 134.55 135.33 135.71 136.10 137.26

    Tom DeMark’s Pivot Points
    Pair EUR/USD GBP/USD USD/JPY EUR/JPY
    Resistance 1.4350 1.6404 97.69 137.41
    Support 1.3974 1.5982 94.87 133.20

    Fibonacci Retracement Levels
    Pairs EUR/USD GBP/USD USD/JPY EUR/JPY
    100.0% 1.4168 1.6199 97.23 135.68
    61.8% 1.4024 1.6037 96.16 134.07
    50.0% 1.3980 1.5987 95.82 133.57
    38.2% 1.3936 1.5938 95.49 133.07
    23.6% 1.3881 1.5876 95.08 132.46
    0.0% 1.3792 1.5776 94.42 131.46

    (...)
    Read the rest of Forex Technical Analysis for 06/01—06/05 Week (16 words)

    Posted on Forex blog.
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Saturday, May 30, 2009

Forex Blog (3 сообщения)

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My Forex experience and some Forex related information that might be useful to other traders
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  • EUR/USD Demonstrates Fastest Gain in 3 Weeks

    The dollar fell at a fastest pace in 3 weeks against the euro today as the Q1 GDP decline was reported to be not so bad as expected. EUR/USD is now trading near 1.4114 and technical analysis shows that it will probably continue to grow at least until 1.4350 in the next few weeks.

    Preliminary GDP report for the first quarter of 2009 showed a decline by 5.7% — better than the 6.3% drop that was reported in the advance report a month ago. Market analysts expected a revision to -5.5%.

    Chicago PMI index unexpectedly decreased from 40.1 to 34.9 in May. The traders expected a growth to 42.

    Michigan Sentiment index rose to 68.7 in May from 65.1 in April. It was expected to be reported at 68.0.
    (...)
    Read the rest of EUR/USD Demonstrates Fastest Gain in 3 Weeks (12 words)

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  • Blogging About Forex for 3 Years

    Today is the 3rd anniversary of the EarnForex blog. 3 years ago I’ve made my first post (which was less than anything meaningful) to this blog. Many posts have been made since then and I hope that the quality of the content has also improved since 2006. The process of blogging about something as commercial as Forex is far from trivial. Keeping the reader’s interest is one thing, but being useful to the traders that risk their own money is completely another. I hope that my blog is still both interesting and useful to the readers, and Forex traders of all categories find something here that makes them return again and again. In the near future I plan to start posting more materials that are related to the actual Forex trading — most probably it will be some sort graphical chart analysis. So, stay tuned for some new interesting content :-).
    (...)
    Read the rest of Blogging About Forex for 3 Years (19 words)

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  • Euro Surges on Better Economic Indicators

    EUR/USD posted a sharp gain today after declining for three days in a row as the markets gained on the better fundamental conditions. The  U. S. statistics was mixed today, but still positive enough for EUR/USD to rise. It’s now trading near 1.3937.

    Durable goods orders rose by 1.9% in April after decreasing by 2.1% in March (revised down from 0.8% drop). The median forecast was at 0.5% gain.

    Initial jobless claims decreased from 636k to 623k last week. A drop to 628k was expected.

    New home sales rose from 351k to 352k seasonally adjusted annual rate in April. But the March value came out revised down from 356k. Traders expected a growth to 360k.

    Crude oil inventories decreased by 5.4 million barrels last week, following 2.1 million barrels decline during a previous week. The overall inventories are now at 363.1 million barrels.

    Yesterday the existing home sales report showed a gain from 4.55 million to 4.68 million in April compared to March. The March value was negatively revised from 4.57 million. The April growth according to the average forecast should have been to 4.66 million.
    (...)
    Read the rest of Euro Surges on Better Economic Indicators (12 words)

    Posted on Forex blog.
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