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GBPUSD is a highly lucrative pair only if you know how to trade it correctly. GBPUSD is a roller coaster and you suffer huge losses if you don't take risk management seriosuly. Read this new blog post in which I analyze a recent GBPUSD swing trade that made 250 pips with a 10 pips stop loss...
EURUSD: The pair continues to retain its upside pressure on correction. On the down, support lies at the 1.0700 level where a violation will aim at the 1.0650 level. A break of here will aim at the 1.0600 level. Conversely, on the upside, resistance comes in at 1...
Simply put: I'm an American, born in America, live in America, speak American English ( only ), and have what is considered the "ideal American accent...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, December 7th The Aussie fell sharply this morning in the pair with American peer as Australian economy provided the market with extremely disappointing data...
Dynamic trend: Turned up Background: W1 – very weak; D1 – weak Phase: Markup Support: 1.066 Resistance: 1.079...
FOMC is an important meeting that decides each month the Federal Fund Rate and the money supply. FOMC stands for Federal Open Market Committee of the Federal Reserve Bank of USA (FED). Fund Rate is the short term overnight interest rate that banks charge each other for making the deposit with FED...
<img src="https://charts.mql5.com/13/393/gbpjpy-m1-fxpro-financial-services-2.png" width="1133" height="409" alt="Chart GBPJPY, M1, 2016.12.07 10:36 UTC, FxPro Financial Services Ltd, MetaTrader 4, Demo" title="Chart GBPJPY, M1, 2016.12...
NFP Report is released once a month. All USD pairs violently react when NFP Report is released. Sometimes the market moves big time in one direction. Most of the time it whipsaws. Always use pending orders when trading NFP Report...
50% Probability That USD Index begin a New Down Trend. After rising to a 13 years high USD Index formed a Complex Head-and-Shoulders Top. The pattern appear with one Left Shoulder [SL] and two Right Shoulders [RS1 - RS2]. Neck Line slope to the down side...
R is a powerful open source software for machine learning and data science. There are many things that you cannot do on MT4 or for that matter MT5. That includes machine learning artificial intelligence algorithms to predict price...
EUR/AUD Approaching Decision Zone Ahead of Aussie GDP, ECB Talking Points EUR/AUD eyeing near-term support ahead of Aussie GDP, ECB Updated targets & invalidation levels Live Weekly Trading Webinars on Mondays on DailyFX at 13:30 GMT (8:30ET...
On 05 Dec 2016 10:00 AM UTC, COSMOS4U AdMACD Indicator triggered a successful buy signal for EURJPY currency pair at 121.437 under 18, 52, 10. The position closed on 06 Dec 2016 01:00 PM UTC at 122.261 and the profit was 0.68%. AdMACD parameters for EURJPY on close were 18, 52, 10...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, December 6th Having faced resistance near yesterday highs, marked in 0.75 region, the AUD/USD pair has come under renewed selling pressure stepping down to its comfort zone located near 0.7450 level...
Trading recommendations Sell in the market. Stop-Loss 0.7170. Take-Profit 0.7110, 0.7075, 0.7050, 0.6975, 0.6930, 0.6900, 0.6860 Buy Stop 0.7170. Stop-Loss 0.7130. Take-Profit 0.7200, 0.7240, 0.7380, 0.7485, 0...
The joke doing the rounds is that it took three days for the market to recover from Brexit, three hours to recover from Trump and three minutes to recover from Italy. After some brief sharp weakness, as the referendum result came out, global markets have bounced back stronger than ever...
One Left In the past 8 months the political world has experienced what can only be called a shit storm...
Mondays not always but sometimes give you very good trades. This Monday, EURUSD opened up with a huge gap down. Whenever there is political uncertainty in Europe, EUR/USD will start showing nervousness...
On 05 Dec 2016 09:00 AM UTC, COSMOS4U AdMACD Indicator triggered a successful buy signal for EURUSD currency pair at 1.06389 under 6, 27, 21. The position closed on 06 Dec 2016 06:00 AM UTC at 1.07545 and the profit was 1.09%. AdMACD parameters for EURUSD on close were 6, 27, 21...
On 02 Dec 2016 02:00 PM UTC, COSMOS4U AdMACD Indicator triggered a successful sell signal for USDZAR currency pair at 14.0024 under 42, 80, 5. The position closed on 06 Dec 2016 05:00 AM UTC at 13.77692 and the profit was 1.61%. AdMACD parameters for USDZAR on close were 6, 39, 34...
Candlestick patterns are vague and imprecise. You never know which candlestick pattern is significant. You see an inside bar and open a sell trade later to find price hitting the stop loss and going up...
