These 2 weeks, I started manual trade instead of using forex robot. I would very like to use forex robot but I didn't find any profitable forex robot. Some forex robots give me huge confidence but later discourage me.
It is time back to basics. I started to do revision on forex technical analysis. At the same time I also trade on forex using the techniques I learned.
At here, I would like to
Tuesday, July 27, 2010
Monday, July 26, 2010
Forex education : Important Chart Patterns
Other than technical indicator, we shall be able to recognize some important chart patterns to take profitcs.
Below are few of the important chart patterns. Mostly take advantage on the price breakout
•Symmetrical Triangles
(put pending order above and below, once price breakput, cancel the other one)
•Ascending Triangles
•Descending Triangles
•Double Top
•Double Bottom
•Head and
Below are few of the important chart patterns. Mostly take advantage on the price breakout
•Symmetrical Triangles
(put pending order above and below, once price breakput, cancel the other one)
•Ascending Triangles
•Descending Triangles
•Double Top
•Double Bottom
•Head and
Sunday, July 25, 2010
FOREXYARD Daily forex analysis on 26 July 2010
Headlines
Bank Stress Tests Fail Support the Euro Due To Questionable Reliability
After a long time waiting, the Euro-Zone's famous Bank Stress Tests results were finally published on Friday evening. The results failed to reassure investors regarding the stability of the European banking system as analysts claimed that the test weren't strict enough. As this week begins, the reliability of the
Bank Stress Tests Fail Support the Euro Due To Questionable Reliability
After a long time waiting, the Euro-Zone's famous Bank Stress Tests results were finally published on Friday evening. The results failed to reassure investors regarding the stability of the European banking system as analysts claimed that the test weren't strict enough. As this week begins, the reliability of the
Thursday, July 22, 2010
Forex Education : What is Forex Correlation ?
Correlation is the tendency of certain currency pairs to move in tandem with each other. Positive Correlation means that the pairs move in the same direction, Negative Correlation means that they move in opposite directions.
A correlation coefficient of 1.0 means the pairs move exactly in tandem with each other; a correlation of -1.0 means the pairs move in exactly the opposite direction.
A correlation coefficient of 1.0 means the pairs move exactly in tandem with each other; a correlation of -1.0 means the pairs move in exactly the opposite direction.
Wednesday, July 21, 2010
Forex Education : Make your buy sell decision based on reviewing 3 different time frame
I read this article before where it emphasizes on trading forex based on reviewing 3 different time frame on same currency pair.
I did read the article but I myself didn't practise it. Maybe this is the reason why I lose in forex trading.
Below is the suggested time frame set
•1 minute, 5 minute, and 30 minute
•5 minute, 30 minute, and 4 hour
•15 minute, 1 hour, and 4 hour
•1 hour, 4 hour,
I did read the article but I myself didn't practise it. Maybe this is the reason why I lose in forex trading.
Below is the suggested time frame set
•1 minute, 5 minute, and 30 minute
•5 minute, 30 minute, and 4 hour
•15 minute, 1 hour, and 4 hour
•1 hour, 4 hour,
Tuesday, July 20, 2010
Recommended Alerter - alert you on support/resistance/trendline breakout
Hi all,
I found an useful forex tool - it is Alerter.mq4. It will alert you whenever there is support/resistance/trendline breakout
I have tested and found out it is useful.
The author of this great forex tool is tesla
Please go to his post here to download and read how to use it.
**If you need vps, I would like to recommend VPSLand, USD$18 per month only. Sever is reliable and customer
I found an useful forex tool - it is Alerter.mq4. It will alert you whenever there is support/resistance/trendline breakout
I have tested and found out it is useful.
The author of this great forex tool is tesla
Please go to his post here to download and read how to use it.
**If you need vps, I would like to recommend VPSLand, USD$18 per month only. Sever is reliable and customer
Monday, July 19, 2010
Recommended VPS server - VPSLand
Last week or last 2 weeks I didn't trade any due to vps server hanged.
Initially I thought it was due to the vps server, then I restarted the vps server using the user-friendly control panel. However, it didn't help. The whole vps system didn't respond to my mouse click though I can log in to the system.
Then, I e-mailed to the VPSLand support team. Their customer support is very good in my
Initially I thought it was due to the vps server, then I restarted the vps server using the user-friendly control panel. However, it didn't help. The whole vps system didn't respond to my mouse click though I can log in to the system.
Then, I e-mailed to the VPSLand support team. Their customer support is very good in my
FOREXYARD Daily forex analysis on 19 July 2010
Headlines
Dollar Declines to 2010 Low Against Yen
The U.S currency dropped to its weakest level in 2010 against the Japanese Yen as signs the U.S. economic recovery is losing momentum supported speculation that the Federal Reserve will keep borrowing costs low for the rest of the year. The USD also declined versus the EUR for the first time since May as a gauge of U.S. consumer confidence
Dollar Declines to 2010 Low Against Yen
The U.S currency dropped to its weakest level in 2010 against the Japanese Yen as signs the U.S. economic recovery is losing momentum supported speculation that the Federal Reserve will keep borrowing costs low for the rest of the year. The USD also declined versus the EUR for the first time since May as a gauge of U.S. consumer confidence
Saturday, July 17, 2010
Forex Transporter again ?
Hi all,
If you followed my blog since January this year, you will know that I had used an EA called Forex Transporter
This EA gave me mixed emotions. First, it gave me happiness by doubling my account balance. Then, it broke my heart by causing losses 66% of my account balance.
I already gave up on it and focus on other EA.
Today while I am busy testing my programmed EA, I also tried back
If you followed my blog since January this year, you will know that I had used an EA called Forex Transporter
This EA gave me mixed emotions. First, it gave me happiness by doubling my account balance. Then, it broke my heart by causing losses 66% of my account balance.
I already gave up on it and focus on other EA.
Today while I am busy testing my programmed EA, I also tried back
Monday, July 12, 2010
Indicator Moving Average
Hi all,
I just made an indicator based on moving average crossover.
It will send e-mail to you if there is moving average crossover.
It is an improved version from
http://100k2.blogspot.com/2010/06/do-you-want-to-have-e-mail-alert-on.html
Here is the indicator. Click here to download
Hope you like it.
var AdBrite_Title_Color = '0000FF';
var AdBrite_Text_Color = '000000';
var
I just made an indicator based on moving average crossover.
It will send e-mail to you if there is moving average crossover.
It is an improved version from
http://100k2.blogspot.com/2010/06/do-you-want-to-have-e-mail-alert-on.html
Here is the indicator. Click here to download
Hope you like it.
var AdBrite_Title_Color = '0000FF';
var AdBrite_Text_Color = '000000';
var
Thursday, July 8, 2010
FOREXYARD Daily forex analysis on 8 July 2010
Headlines
* Euro Reaches 7-week High Against USD
EUR/USD has remained at or near its 7-week high throughout overnight trading, as investor confidence in the 16-nation currency continues to rise. Currently trading around the 1.2665 level, the pair's next major resistance line is around 1.2676. Should the pair break this level, it could see further gains throughout the day today.
Economic News
* Euro Reaches 7-week High Against USD
EUR/USD has remained at or near its 7-week high throughout overnight trading, as investor confidence in the 16-nation currency continues to rise. Currently trading around the 1.2665 level, the pair's next major resistance line is around 1.2676. Should the pair break this level, it could see further gains throughout the day today.
Economic News
Tuesday, July 6, 2010
FOREXYARD Daily forex analysis on 6 July 2010
Headlines
Volatility Expected in First Day Back Following Long Weekend
The EUR dropped some of its gains against the dollar and the yen in thin trading as U.S. markets were closed yesterday. A lack of high impact data on the economic calendar kept currencies in a tight range. However, this should change today with influential economic data expected to be released from the U.S. and European
Volatility Expected in First Day Back Following Long Weekend
The EUR dropped some of its gains against the dollar and the yen in thin trading as U.S. markets were closed yesterday. A lack of high impact data on the economic calendar kept currencies in a tight range. However, this should change today with influential economic data expected to be released from the U.S. and European
Friday, July 2, 2010
FOREXYARD Daily forex analysis on 2 July 2010
Headlines
* Markets Await the Release of Non Farm Data
Today's release of the Non Farm Employment Data, which is due to be announced at 12:30 GMT, follows a week of negative economic data which raised concerns that the U.S economic recovery is stagnating. It is expected that payrolls fell by 100K in May, which if true, would likely put further pressure on the USD.
Economic News
USD
USD
* Markets Await the Release of Non Farm Data
Today's release of the Non Farm Employment Data, which is due to be announced at 12:30 GMT, follows a week of negative economic data which raised concerns that the U.S economic recovery is stagnating. It is expected that payrolls fell by 100K in May, which if true, would likely put further pressure on the USD.
Economic News
USD
USD
Thursday, July 1, 2010
FOREXYARD Daily forex analysis on 1 July 2010
Headlines
* EUR/USD Spikes after European Banks Appear Stronger than Expected
The EUR/USD pair took off during yesterday's trading session. The rally was supported by low demand for loans offered by the ECB to European banks. Investors realized European banks might be in better financial conditions than previously thought and responded by buying the euro while selling other currencies. However,
* EUR/USD Spikes after European Banks Appear Stronger than Expected
The EUR/USD pair took off during yesterday's trading session. The rally was supported by low demand for loans offered by the ECB to European banks. Investors realized European banks might be in better financial conditions than previously thought and responded by buying the euro while selling other currencies. However,
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