Archive for 'Random Noise'
MyFxBook – ToolBar and More
Posted on 20. Oct, 2011 by Jakob.
MyFxBook, a social forex trading site / community is my preferred site for historical trading analysis, for one. I have mentioned MyFxBook on several occasions here on TradeProfits, simply because the site rocks. Signing up is free of charge, and you will have all the analytical details you need for your historical trading.
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Currency Strength Meter – New Version
Posted on 20. Oct, 2011 by Jakob.
Henry Liu has made an upgrade to his free Currency Strength Meter. The newest version is 3.0.4. This is a free tool and I find it very helpful when looking to enter a trade. I have been using Currency Strength Meter since it was released the first time (and actually before that as well; a commercial version) and I will continue to do so.
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Forex Income Maximizer – Tom Strignano
Posted on 12. Oct, 2011 by Jakob.
There has been a lot of buzz recently about Tom Strignano´s new service Forex Income Maximizer. Everyone is emailing about this and Tom has now launched the service, right here. I have written about Tom Strignano a couple of times before, here on the blog. First time I heard about him was when he released his ebook Forex Confident, which I thought was a good read.
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Currency Trader & Traders Magazine
Posted on 07. Oct, 2011 by Jakob.
This month’s Currency Trader and Traders Magazine are out. Currency Trader is, as always free of charge and contains some quality information. Traders Magazine is a paid magazine but in this month you can get it for free. Read more below.
This month in Currency Trader contains some interesting articles.
- Is there a forex end–of-year pattern
- Norwegian Krone: No safe haven
- FX volume and the Swiss franc
- The dollar and Treasury returns
Currency Trader is always a great read. Grab your free copy right here.
Traders Magazine is another great read, and usually not free of charge. However, you can grab this month’s issue free of charge right here. There is some really great content on correlation, market depth and more. Good for some weekend reading. Enjoy
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Trading Forex – Cable Upside?
Posted on 05. Oct, 2011 by Jakob.
As mentioned in yesterday’s post, I think we are likely to get a pullback on EUR/USD before we see continuation to the downside. One reason why this might be the place, is partially due to the USD index coming close to the 200 EMA which tends to hold as a strong level of support and resistance. Now if the USD index will bounce on this level, USD crosses are likely to be affected from this.
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Trading Forex – EUR/USD Continuation?
Posted on 04. Oct, 2011 by Jakob.
Trading Forex in a profitable manner requires patience and the ability to follow ones plan. Recent ideas shared here on TradeProfits should be a good indication of exactly that. Now as we are in the week which will end with NFP from US, and lots of other factors to take into consideration, we need to play things carefully. With the recent strong drop in EUR/USD, it can be argued that taking a long would be suicidal, but then again, with a drop like the one we have seen, a pullback is always a possibility.
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ZuluTrade with New Features
Posted on 29. Sep, 2011 by Jakob.
ZuluTrade is a social forex site which allows members to follow other traders free of charge, and get their trades auto-executed on your own account. This is a neat feature, and it is clearly getting more and more popular as we have seen a massive increase in the number of such sites recently.
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Trading Forex – EUR/USD More Downside?
Posted on 22. Sep, 2011 by Jakob.
Yesterday in the beginning of the US session we did see some upside on EUR/USD, trading all the way up to the 1.3800 level, which probably was partially due to some pre-sentiment before the rate decision and press conference, as well as recent talk about the next aid tranche for Greece.
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Alpari AutoChartist
Posted on 22. Sep, 2011 by Jakob.
Alpari is a well-known broker who has been in the business for a long time. They have recently made a new deal so they now offer all their live clients free access to AutoChartist. Alpari is not the first broker to implement this idea but nonetheless still a great addition to an already great broker.
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Trading Forex – EUR/USD & Greece Default
Posted on 13. Sep, 2011 by Jakob.
With the recent rumors about Greece Default we have seen some downside in EUR/USD. Currently the pair trades around the 1.3675 level. Now as always, after a move down like the one we have seen here, there is a good chance of a fairly strong retracement before we see further downside.
















