How To

Profit Mongers – Tuesday Trading Signal 3-10-2010

Posted on10. Mar, 2010 by Sir Pipsalot.

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Hey folks,
The EUR/USD and GBP/USD have managed to dip back into their ranges deeper than I had anticipated, even without a clear top on stocks. For now I’m just going to turn more neutral on them medium term and wait for more clear technical evidence. If anything, I’m looking to go back to playing ranges [...]

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Profit Mongers – Tuesday Trading Signal 3-09-2010

Posted on09. Mar, 2010 by Sir Pipsalot.

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Hey folks,
Both the EUR/USD and GBP/USD have dipped somewhat Monday and seem to be good “buy on the dip” candidates to consider. EUR/GBP is in a strange spot of looking dangerously bullish, but with a major pullback long overdue, so it’s hard to read in my opinion to pick whether GU or EU is the [...]

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Non-Farm Payroll Tomorrow

Posted on04. Mar, 2010 by Jakob.

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Tomorrow is the first Friday of the month and Non-Farm payroll numbers will come out; the supernova of forex trading. Trading the Non-Farm Payroll can be very lucrative or it can blow up your account within a couple of seconds if you don’t know what you are dealing with. In the last couple of month [...]

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Daily Lesson # 3

Posted on27. Feb, 2010 by Jakob.

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Click this picture to see a chart of the USD/JPY pair (Weekly timeframe).

First of all we can clearly see that this pair is in a downtrend, and since November 22nd has started to form a triangle pattern which is identified by the two trend lines. This wedge-shaped pattern is known to produce strong breakouts and [...]

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What’s So Special About This Chart?

Posted on27. Feb, 2010 by David.

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This is a guest post by David Grandey from All About Trends – www.allabouttrends.net
It’s the NDX 100 Index off the 2007 peak. Does anything jump out at you? It should. Take a good look:

We’ve talked about ABC’s.
We’ve talked about Fibonacci levels.
We’ve talked about trend channels.
That’s a big picture chart. Now let’s zoom in and look [...]

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Daily Lesson # 2

Posted on25. Feb, 2010 by Jakob.

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Click on the small picture below to see a one-hour chart of the EUR/USD. As you can see there was a perfect chance to enter on a short trade this night at the break of the drawn trend line. There are two places where the trend line is broken (just around 1.3515 – 1.3525) but [...]

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It´s All About Lower Highs and Pullback off Lows Patterns

Posted on23. Feb, 2010 by David.

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This is a guest post by David Grandey from All About Trends – www.allabouttrends.net
As you can see Friday the indexes stopped cold on the 61.8% fibonacci level after an options expiration vertical assault up.

On Monday, the market may rise to fill the gap created in January and to retest that resistance level to see how [...]

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mt4pips.com – A new Site from the BabyPips family

Posted on21. Feb, 2010 by admin.

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mt4pips.com is a new site created by the owners of Babypips (and FreshPips, MeetPips, AskPips, ReviewPips). It was launched just a couple of days ago, and it is pretty cool. I have been beta testing the site for a month now, and it runs pretty smoothly. mt4pips.com is a site similar to MyFxBook; a site [...]

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Chat Room at TradeProfits

Posted on26. Jan, 2010 by admin.

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Yesterday I launched a new chat room here on TradeProfits, as attempt to improve my signal service. I sent a short email to all my subscribers, telling them about the room. The response was amazing, and although there are some small issues with the room, it seems to be working pretty good. The main reason [...]

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Optimize Trading Strategies

Posted on26. Jan, 2010 by admin.

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Traders often tend to look for highly complicated trading strategies, and end up with a cluttered screen which might make things more complicated than they truly are. Keeping things simple can be beneficial in many ways, but often simple trading strategies needs to be tweaked one way or another to be profitable. The owner of [...]