Indecision
If I had to describe today’s market in one word it would be: indecision. Although the market closed lower, it was mostly indecisive. There were many rumors concerning the Cypress situation – all indecisive in the end.
While the news/decision for Cyprus as a whole may be indecisive as of yet, the reality for its citizens is final: there is little-to-no-money in the ATMs. The news wires carried the following during the day…
*Cyprus Popular Bank…
ContinueAdded by Larry Levin on March 25, 2013 at 10:03pm — No Comments
Dear Trader,
As you may be already aware Forex trading is all about money management. If you trade without a goal in mind, then you're simply guessing the market. While guessing can sometimes be productive, it will not last longer.
Per our records so far this month we're positive on most of our trading portfolios. Per our money management guidelines, there will be a decrease on the number of alerts sent going forward for the rest of the week. Quite frankly, it's…
ContinueAdded by JDfn Administrator on March 25, 2013 at 11:30am — No Comments
Secret Trading Tip #15
Trailing Stops
The topic of trailing stops comes up on occasion in my Virtual Trading Room. They can often cause some confusion, so let’s take a bit of time to clarify what constitutes a trailing stop and how you can use it in futures trading..
Trailing stops are actually stop loss orders that you move according to certain parameters in your trading plan.
Why Move Stop Loss Orders?
Stop loss orders are stop orders…
ContinueAdded by Larry Levin on March 24, 2013 at 9:48pm — No Comments
EUR/USD: Consolidating, Downside Bias
This pair has moved sideways this morning so far giving no indication of future direction. Currently there is resistance above price at 1.2920 from the 50 and 100-hour MA's and strong support at 1.2815 from weekly and monthly pivots. The pair has drifted out of the down-sloping channel but there is no upside impetus. A break above 1.2995 would signal a move up to 1.3060,…
Added by Forex4you on March 22, 2013 at 8:00am — No Comments
EUR/USD: Sideways Market
The euro rebounded off its lows during Wednesday's session and found its way above the upper line of the down-sloping channel. This morning, however, it has started to fall once again and has now reached the upper channel line again where it is consolidating temporarily on the support offered. Given the bearish start to the day it is possible there could be a continuation lower, with a break of 1.2865…
Added by Forex4you on March 21, 2013 at 9:27am — No Comments
Added by JDfn Administrator on March 18, 2013 at 11:21am — No Comments
Secret Trading Tip #1
Trade with a Plan – Using a Stop Loss
In my opinion, every trade you consider should be laid out ahead of time with a roadmap. A complete map should have an “off ramp” or a place where it makes sense to enter the market. It should also have exits for your destination (profits) as well as off ramps for emergency exits. This part of your plan will likely include stop orders.
Stop orders placed to potentially close an open position are…
ContinueAdded by Larry Levin on March 17, 2013 at 10:29pm — No Comments
GBP/USD: bounce continues
The GBP/USD has bounced strongly from Wednesday's lows. It has continued rallying this morning and it may go even higher eventually, reaching resistance from the monthly pivot and the trend-line at 1.5310. Apart from the strength of the rebound there are no indication's yet of a reversal of the short-term down-trend: there are no price patterns and only a minor trend-line has been broken, therefore, it is still quite probable the down-trend…
ContinueAdded by Forex4you on March 15, 2013 at 6:38am — No Comments
EUR/USD: 1.29 still supporting
Eurodollar sold off yesterday reaffirming the short-term down-trend as it continues making lower lows and lower highs. It also retracted back into its descending channel after temporarily breaking out. Nevertheless it failed to break the key support level from the September and October '12 highs. The target from the H&S top is met so there is potential for a bounce. Volume on yesterday's spike-down was weak and a rise back up to the…
ContinueAdded by Forex4you on March 14, 2013 at 6:34am — No Comments
EUR/USD: channel breakout
We have now had a break out of the channel, although there has been limited follow-through. The bounce from Friday's lows continues to rise slowly and there is a possibility now – since the channel breakout - of a continuation eventually up to the target at 1.3180. The price pattern stretching back over a week looks potentially like a reversal enhancing bullish outlook. A bundle of resistance at 1.3115 impedes but a decisive break above…
ContinueAdded by Forex4you on March 13, 2013 at 7:00am — No Comments
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Added by JDfn Administrator on March 12, 2013 at 9:00am — No Comments
EUR/USD: reversal a possibility
Eurodollar is in a sideways consolidation with support in the 1.29s. The target for the head and shoulders top has pretty much been met so it is possible a reversal could develop, with a definitive break above 1.3055 signalling a breakout from the channel and possible resumption of mid-term up-trend and initial target at 1.3133. The pair remains in its down-sloping channel, however, so more weakness is also very possible, with a break…
ContinueAdded by Forex4you on March 12, 2013 at 8:00am — No Comments
Waiting Game
waiting
There was no action Thursday. Traders are waiting on Friday’s monthly employment situation report.
The way Chairman Ben has the market cornered, either a better than expected or worse than expected outcome can be spun like cotton candy into a bullish reaction. That is the normal course of business on Fraud Street; however, because the market has gone up almost every day this year without a pullback, traders are looking for a…
ContinueAdded by Larry Levin on March 11, 2013 at 10:17pm — No Comments
Secret Trading Tip #3
A Little Lesson in Lingo
The world of trading has many parts that seem a little foreign to new traders. There are plenty of catch phrases, symbols, and other banter that can be intimidating or even confusing at first. One of the biggest sources of confusion includes the shorthand that you see for many markets. Understanding what you are reading is important, and learning the basic lingo can come in handy.
Everything has a specified…
ContinueAdded by Larry Levin on March 10, 2013 at 10:08pm — No Comments
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Added by JDfn Administrator on March 7, 2013 at 10:00am — No Comments
EUR/USD: 'pulling-back'
EUR/USD pair is still recovering but less aggressively than it did yesterday. This morning's activity has been mixed and it is possible it will continue sideways. If we get a break above the key 1.3100 level then there is a chance of a rally up to the top of the channel at around 1.3140-50. The rebound is probably just a pull-back and the down-trend should resume eventually and probably reach the target from the head and shoulders top…
ContinueAdded by Forex4you on March 6, 2013 at 5:52am — No Comments
EUR/USD: rebounding
The EUR/USD pair has rebounded. If it breaks above the key 1.3100 level then it will probably reach the top of the channel at 1.3150 where the 100-day MA is also situated nearby. There are no strong signs of reversal and the current upside is probably just a pull-back. The down-trend should resume eventually and probably reach the target from the head and shoulders top at 1.2900.…
ContinueAdded by Forex4you on March 5, 2013 at 6:07am — No Comments
Barnyard Economics
Barnyard
Which came first - the chicken or the egg in the new world of Barnyard Economics???
If the first two months of 2013 market’s action could be compared to the farm, the crop would be poor and the animals unproductive, but the farmer would be enjoying a banner yea...except on Mondays. Because alas, for the eight Monday in a row, the S&P 500 closed lower. The farmer (and the markets) might opt for a three day weekend in…
ContinueAdded by Larry Levin on March 4, 2013 at 8:55pm — No Comments
Secret Trading Tip #29
Advanced Technicals – Moving Averages
In Tip #14, I talked about some of the basics for technical analysis. Trends and simple chart patterns are just the tip of the iceberg for technical analysis tools. There are many advanced tools that technicians use to try to find signals in the market price. One of the terms you might hear quite often is moving average.
The moving average for a market plots the result of a…
ContinueAdded by Larry Levin on March 3, 2013 at 8:53pm — No Comments
EUR/USD: hitting range lows
Eurodollar is consolidating in a range. Yesterday it reached 1.3160 before falling back down and it will probably fall further, given today's bearish start, with the 1.3018 lows now in focus. A decisive move below those would act as confirmation of a resumption of the down-trend down to 1.2900, the target from the head and shoulders pattern at the highs. Alternatively there is the possibility of a move higher back up to the range highs at…
ContinueAdded by Forex4you on March 1, 2013 at 7:00am — No Comments
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