Trading is a business. A business must have business plan. Therefore, trading must have a trading plan too! A trading plan include: 1. Entry level 2. Target level 3. Stop Loss level 4. Position Sizing To get 400 pips in a trade is not easy. One way
Read more →Big moves in the major pairs and crosses were made between Thursday and Friday (26 – 27 Nov 2009). This is a worthy incident to look at and learn from. Lets recall the incident: The pairs involved made moves that exceeded their usual daily range They show
Read more →Continuing our discussion of a reversal using EURJPY, here is another illustration where we can see the recurring patterns. A look at the weekly chart of the Loonie shows that a reversal pattern can be found between October 2008 and March this year. There recurring patterns we
Read more →A good signal usually combines a number of qualities: Price follows the path of least resistance; therefore a roadmap that forms support or resistance is a good reference for a turning point. When the price chart prints a chart pattern, the pattern itself provides plenty of clues.
Read more →Recently our students have been doing plenty of trades on the AUDUSD for one reason. Many chart patterns have been spotted and these have given traders a hint at the action to come. Starting on the daily chart, a failed break of the October high with an
Read more →Fibonacci ratios are remarkable when applied to FX trading. The recent consolidation of EURUSD on its intraday 1- and 4- hour charts display its tendency to follow fibs. Captured on the 4-hour charts, we can see the following: Point C is the 76.4% retracement of A-B Point
Read more →The Euro remains on an uptrend in the daily charts although it is on retracement mode for Week 47. Based on the 4-hour charts, this week is a 76.4% fibonacci retracement of the rally last week. Some levels that might be tested this week is last week’s
Read more →1.6660 ~ proves to be elusive for the Sterling. A 3-day fling in early November adds another failed breakout to that level based on the daily chart. For now, traders have found a support in the 1-hour chart so there might be another attempt.
Read more →Traders will be looking for clues to where the EURGBP will go. While it has apparently found support at .8900 recently (50% retracement of August to October rally), the direction is unclear if we look at the action from week to week. Movement out of the supports
Read more →This level is the high of the October rally. For now, the hour candles show tentativeness although conclusions can only be drawn when the daily chart give us a significant candle signal. October high: .9326 Level reached today: .9343 Exceeded by: 0.16% Traders might be on the
Read more →1. CITIGROUP GLOBAL MARKETS SINGAPORE PTE LTD 2. CITY INDEX ASIA PTE LTD 3. CMC MARKETS SINGAPORE PTE LTD 4. CUSTOM HOUSE CURRENCY EXCHANGE (SINGAPORE) PTE. LIMITED 5. DBS VICKERS SECURITIES (SINGAPORE) PTE LTD 6. GFT GLOBAL MARKETS ASIA PTE LTD 7. GOLDMAN SACHS (SINGAPORE) PTE 8.
Read more →It is however still inside the boundaries of the October rally. If we continue to see higher highs and higher lows, then the trend may remain intact. Otherwise a consolidation may take place.
Read more →Thanks to Erwin for pointing out how relevant this song is to us. Feist\’s appearance in Sesame Street\’s 39th season. * 1-2-3-4 is a special setup taught in the FX Tflow® System. As a price-based setup, it is faster and superior to indicator based strategies. The setup
Read more →87.00 may be a psychological level for the USDJPY. That’s because it is a prominent level after the global crisis. In the December 2008, the USDJPY reached 87.12. Once we go below this level, there is no guidance until the next level – 79.75 in the year
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