Archive for 'Random Noise'
Trading Forex – Perfect 1.3440 Retest – Now What?
Posted on 29. Nov, 2011 by Jakob.
For those of you who read today’s outlook had an idea I was looking for a possible short around the 1.3440 level. Unfortunately I wasn’t able to place a trade today once the level was reached but if you did, this would have been close to a perfect trade. The level was spot on as solid resistance, and the pair is now trading back down at the 1.3330 level. So basically the pair is right back at the same level as where it started the day. So where do we go from here?
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Forex Arbitrage – New System Coming Up
Posted on 29. Nov, 2011 by Jakob.
Forex Arbitrage is the name of a new system from Jason Fielder. The system hasn’t been launched as of yet, but we should see it live in a matter of days. If you head over to this site, you can watch a short video about the system, or grab the pdf file which explains the idea of Forex Arbitrage. Actually we don’t get a whole lot of information about Forex Arbitrage in this video, but more about the concept in general. However, I am sure the idea of this will be new for a bunch of traders out there.
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Trading Forex – A bit of Possible Upside
Posted on 29. Nov, 2011 by Jakob.
In yesterdays post, I mentioned a possible setup for a short trade. We took a short trade at 1.3374 and if you got in on this trader, there was a possibility to grab around 90 pips in total. As we did have an initial 50 pip stop loss, I was hoping for a bit more and chose to move my stop loss to break even, but we had a strong pullback during the Asian session, and the trade is now close to the entry level. I hope you had a chance to grab some pips from this trade.
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Trading Forex – EUR/USD – Upcoming Week
Posted on 27. Nov, 2011 by Jakob.
Trading Forex can be a tough challenge and specially in days where volatility seems to be over the top. During such times, we need to remind ourselves how important it is to plan your trade and trade your plan. Read todays outlook and know what to look for in tomorrow’s trading session.
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Spread Betting on MT4 – Alpari UK
Posted on 23. Nov, 2011 by Jakob.
Alpari UK is a well-known forex broker who has been around in the industry for a long time. I have an account with Alpari UK, and I have been very pleased with it so far. They offer tight spreads, fast execution and good customer support.
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Storm Warning In Effect
Posted on 23. Nov, 2011 by Jakob.
Two days ago, I received an email from Oanda with the following subject: Forex Market Volatility Advisory.
“Prior to the 2008 recession there was a sharp increase in exchange rate volatility. Three years later we are witnessing another dramatic uptick in currency price instability—this time triggered by the eurozone debt crisis.”
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Million Dollar Pips – Live Test Running
Posted on 15. Nov, 2011 by Jakob.
It was my intention to start this live forward test some time ago but due to a busy schedule, I simply haven’t had the time to set everything up the way I wanted it. I have spent the last week London with a very tight schedule. Now I finally had some hours to get things started.
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EUR/USD – Rate Cut and NFP Later today
Posted on 04. Nov, 2011 by Jakob.
If you followed the idea on EUR/USD posted here on the latest post, you should have been able to lock-in somewhere around 100 – 140 pips as the price action of EUR/USD on the day of FOMC played out well in accordance with technical key levels. Yesterday however, I tried to short EUR/USD, and in spite of the fundamentals released yesterday, the pair continued to rally throughout the end of the US session so we took a hit on that one.
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Trading Forex – EUR/USD Before FOMC
Posted on 02. Nov, 2011 by Jakob.
As mentioned in yesterday’s post, we do have a bunch of high impact fundamental news releases scheduled for the rest of the week, so we are likely to see a very volatile market. It can definitely be argued that this is not the right week to focus on technical setups but nonetheless, we do have a couple of key levels to pay attention to. With this being said, make sure that if you do take any trades, keep your risk level low and make sure to use hard stop losses!
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Market Leder – FxStat, Currensee or MyFxBook?
Posted on 22. Oct, 2011 by Jakob.
FxStat has been around for some time and their popularity is increasing, which is not surprising. The first time I went to the site I thought of it as a completely copy of MyFxBook. Although there are many similarities, the two sites still follow their own trajectory. I have had a very solid opinion of my preferred “social” forex website (which has been reflected on here on TradeProfits) but I am starting to lean a bit more to the other side. With the recent addition to FxStat of Market Leader, I thought it would be a good idea to look closer at the main three social forex websites.
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7 Tips & Tricks For Trading Forex
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Trading Forex – EUR/USD Up or Down?
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mt4pips.com – A new Site from the BabyPips family
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Kerry Kormos: Oh and in addition to my last comment....my wife h...
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sree: www.forexpeacearmy.com website is scam site, no he...
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Joel: Hi, i started out great with Million Dollar Pips o...
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Joan: Think about http://www.fxbook.org/ if you want to ...
