Archive for 'Random Noise'
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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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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7 Tips & Tricks For Trading Forex
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mt4pips.com – A new Site from the BabyPips family
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zenfx: 90 is clearly a strong level in AUD/JPY, however I...
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Charlie Clemett: We are still not able to connect with our IPhones ...
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Cliff: Just got an unauthorized charge on my MC from Glob...
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Andy: We have also been using PivotFarm now on our chart...
