Thursday, March 13, 2008
Have you heard of Forex Assassin?
Forex Assassin - Have you heard of this forex trading system?
I received a newsletter yesterday from a forex trading expert who recommended a new trading course called Forex Assassin.
I went to the website of this product. The site mentions that this strategy can be used by anyone, even by people with no experience. Also it mentions that you don't need more than a minute per week to analyse the forex chart.
This looks to be interesting, however I am not sure how is this feasible. For me, I need to use the charts atleast 2 hrs a day to find any available entry/exit points. So thats why I am very curious about this system.
Have you used this system? What are your thoughts on Forex Assassin?
One thing to be noticed about this system is that it is Price Driven trading. Basically what this means is that the trade will be dependent on the current price of the currency pair. I guess, this strategy will primarily work with any USD based currency pair such as GBP/USD.
Looks to be a good system. But please let me know what is your feedback on Forex Assassin
I received a newsletter yesterday from a forex trading expert who recommended a new trading course called Forex Assassin.
I went to the website of this product. The site mentions that this strategy can be used by anyone, even by people with no experience. Also it mentions that you don't need more than a minute per week to analyse the forex chart.
This looks to be interesting, however I am not sure how is this feasible. For me, I need to use the charts atleast 2 hrs a day to find any available entry/exit points. So thats why I am very curious about this system.
Have you used this system? What are your thoughts on Forex Assassin?
One thing to be noticed about this system is that it is Price Driven trading. Basically what this means is that the trade will be dependent on the current price of the currency pair. I guess, this strategy will primarily work with any USD based currency pair such as GBP/USD.
Looks to be a good system. But please let me know what is your feedback on Forex Assassin
Labels: Forex Assassin, Forex Assassin review, Forex trading strategy, GBP/USD, price driven system
Monday, October 29, 2007
Forex Day Trading System - Where will the anti USD rally End?
Forex Day Trading System - Where will the anti USD rally End?
USD is taking some serious pounding from all the majors where EUR, GBP, JPY and CHF are prominent.
Though this is good for export and helps to get more foreign exchange, in a way it will keep inflation high.
Now, the biggest question that comes is how can you take advantage of this rally? To make some gains in this rally, what you have to do is trade only in the direction of trend which means don't open the currency trade that is bullish on USD.
This effectively means that buy only when the currency pairs are retracing. So, when EUR/USD is retracing and hits a pivot point, then open the trade on confirmation. The pivot point can be a major support resistance level such as 38.2/50/61.8 fibonacci level, a major support line, 200 EMA, double bottom pint etc.
Currently it just looks USD bearish. So use your forex system and enter the trade..:-)
Thats all in this short message..Keep visiting to learn more on online forex trading.
USD is taking some serious pounding from all the majors where EUR, GBP, JPY and CHF are prominent.
Though this is good for export and helps to get more foreign exchange, in a way it will keep inflation high.
Now, the biggest question that comes is how can you take advantage of this rally? To make some gains in this rally, what you have to do is trade only in the direction of trend which means don't open the currency trade that is bullish on USD.
This effectively means that buy only when the currency pairs are retracing. So, when EUR/USD is retracing and hits a pivot point, then open the trade on confirmation. The pivot point can be a major support resistance level such as 38.2/50/61.8 fibonacci level, a major support line, 200 EMA, double bottom pint etc.
Currently it just looks USD bearish. So use your forex system and enter the trade..:-)
Thats all in this short message..Keep visiting to learn more on online forex trading.
Labels: EUR/USD, forex day trading, GBP/USD, pivot points, support and resistance
Wednesday, October 10, 2007
Forex Day Trading System - Answers to your questions
Forex Day Trading System - Answers to your trading questions
Quite a few of you ask me some questions on trading the market better. Most of these questions are to find out which forex currency pair to trade and how to identify the entry and exit points. Few of the questions are on money management also.
I'll try to answer few of these -
Q - How should I identify the entry point when trading GBP/USD on a 15 min. chart?
A - Trading any currency pair will require he view at a high level. So in your case you need to see the trend on a 1 hr chart. If it is bullish, your forex trade entry direction should be long. After this, you should use your forex trading strtaegy to identify when should you enter. For. e.g. if you trade using support and resistance, then identify a major resistance on 1hr chart and one the market bounces from that level, open your trade.
Along with your entry, you should place equal emphasis on exit also.
Q. Which currency pair is best to day trading?
A. It depends on the time frame. If you are trading between 8 AM EST to 2 PM EST, you should only trade USD based pairs such as EUR/USD, USD/CHF, GBP/USD etc. But try to pick only those frex pairs in which the spread is low because in daytrading your profit levels are low (In range of 30-40 pips max.)
Q. Which forex trading strategy course should I be using?
A. 5 EMAS forex trading strategy and Forex Trading machine ..Hands down. I won't recommend any other. However use only one of them. Both are different is using.
While forex trading machine from Avi Frister is more automated type of trading system, 5EMAs forex trading by Adam Burgoyne requires to identify entry and exit signals..So on the basis of your trading style, select only one of them.
Thats all in this message..I'll answer your other questions in other messages. If you have any, please feel free to post in the comments.
Keep visiting to learn more in online forex mrket and trading.
Quite a few of you ask me some questions on trading the market better. Most of these questions are to find out which forex currency pair to trade and how to identify the entry and exit points. Few of the questions are on money management also.
I'll try to answer few of these -
Q - How should I identify the entry point when trading GBP/USD on a 15 min. chart?
A - Trading any currency pair will require he view at a high level. So in your case you need to see the trend on a 1 hr chart. If it is bullish, your forex trade entry direction should be long. After this, you should use your forex trading strtaegy to identify when should you enter. For. e.g. if you trade using support and resistance, then identify a major resistance on 1hr chart and one the market bounces from that level, open your trade.
Along with your entry, you should place equal emphasis on exit also.
Q. Which currency pair is best to day trading?
A. It depends on the time frame. If you are trading between 8 AM EST to 2 PM EST, you should only trade USD based pairs such as EUR/USD, USD/CHF, GBP/USD etc. But try to pick only those frex pairs in which the spread is low because in daytrading your profit levels are low (In range of 30-40 pips max.)
Q. Which forex trading strategy course should I be using?
A. 5 EMAS forex trading strategy and Forex Trading machine ..Hands down. I won't recommend any other. However use only one of them. Both are different is using.
While forex trading machine from Avi Frister is more automated type of trading system, 5EMAs forex trading by Adam Burgoyne requires to identify entry and exit signals..So on the basis of your trading style, select only one of them.
Thats all in this message..I'll answer your other questions in other messages. If you have any, please feel free to post in the comments.
Keep visiting to learn more in online forex mrket and trading.
Labels: 5 EMAs Forex Trading System, Adam Burgoyne, avi frister, currency pair, entry and exit, forex day trading, forex trading ebook, forex trading machine, GBP/USD
Friday, August 17, 2007
Forex Day Trading - Pounding by USD
Forex Day Trading - Pounding by USD on all the currency pairs
Did you notice what happenned to forex market in last 4-5 days? Yes..The big USD has hit back on all the currencies..No exceptions (There is one - JPY).
EUR/USD dropped by 350 pints, GBP/USD dropped by 450 and so on and so forth. This was an excellent opportunity to make some great forex pips. I placed trade on EUR/USD and made 155 pips. The market was really great trend wise.
The technical indicators were all holding up - there was a massive MACD divergance on daily chart, the EMA, the stochastic and RSI, all were confirming USD bullishness.
The only thing left to be done was to follow a strong trading system and make good profit using good entry and exit points.
Did you notice what happenned to forex market in last 4-5 days? Yes..The big USD has hit back on all the currencies..No exceptions (There is one - JPY).
EUR/USD dropped by 350 pints, GBP/USD dropped by 450 and so on and so forth. This was an excellent opportunity to make some great forex pips. I placed trade on EUR/USD and made 155 pips. The market was really great trend wise.
The technical indicators were all holding up - there was a massive MACD divergance on daily chart, the EMA, the stochastic and RSI, all were confirming USD bullishness.
The only thing left to be done was to follow a strong trading system and make good profit using good entry and exit points.
Labels: entry and exit, EUR/USD, forex day trading, forex ema, forex macd, GBP/USD, rsi
Sunday, July 01, 2007
Forex Day Trading System - GBP/USD is all about going long
Forex Day Trading System - GBP/USD is all about going long
The GBP/USD after a 2 month retracement is back to long ways again..It has broken the 2.0000 barrier once again. It briefly retraced on past wednesday and thursday, but on friday it zoomed up just like EUR/USD.
The technical indicators were perfectly lined up. I used the system specified by Adam Burgoyne in the forex trading system that he mentions in his ebook. I used the strategy and made nice little 65 pips..
Yes, I tried Adam Burgoyne's "5 EMAs forex trading system" for the 1st time on a real account and it worked great.. 65 pips is excellent return for a day and with a stop loss of only 33 pips. The system as the name suggests is using the most popular technical indicator of EMA. You should check out his system. Not only is the system good, Adam also offers some very cool bonuses.
Now how to take profit from the recent break by GBP/USD - Since it is over 2.0000, according to me I would wait for a retracement in the range of 2.0000 through 2.0025. If it comes in that range, I'll go long again and place my limit order at 2.10000.
Again, if EMA system as told by Adam also confirms the same, Its going all long on the GBP/USD currency pair. Click Here to find more about the system told by Adam.
Thats all in this post on foreex day trading..Visit again to learn more on currency trading.
The GBP/USD after a 2 month retracement is back to long ways again..It has broken the 2.0000 barrier once again. It briefly retraced on past wednesday and thursday, but on friday it zoomed up just like EUR/USD.
The technical indicators were perfectly lined up. I used the system specified by Adam Burgoyne in the forex trading system that he mentions in his ebook. I used the strategy and made nice little 65 pips..
Yes, I tried Adam Burgoyne's "5 EMAs forex trading system" for the 1st time on a real account and it worked great.. 65 pips is excellent return for a day and with a stop loss of only 33 pips. The system as the name suggests is using the most popular technical indicator of EMA. You should check out his system. Not only is the system good, Adam also offers some very cool bonuses.
Now how to take profit from the recent break by GBP/USD - Since it is over 2.0000, according to me I would wait for a retracement in the range of 2.0000 through 2.0025. If it comes in that range, I'll go long again and place my limit order at 2.10000.
Again, if EMA system as told by Adam also confirms the same, Its going all long on the GBP/USD currency pair. Click Here to find more about the system told by Adam.
Thats all in this post on foreex day trading..Visit again to learn more on currency trading.
Labels: 5 EMA forex trading system, 5 EMAs Forex Trading System, Adam Burgoyne, forex ema, forex pips, forex technical indicators, GBP/USD
Sunday, June 10, 2007
EUR/USD still looking bearish - More pounding to come from $$
EUR/USD still looking bearish - More pounding to come from $$
The EUR/USD has just now broken a trend support line on daily chart. The ideal way to trade now will be to use your forex trading systems of fibonacci retracements. Identify the next target the USD can go to on the daily chart and then identify the entry and exit points on the 1 hr chart if you do currency swing trading, or 15 min chart if you do the forex day trading.
By looking at the chart, 1.3250 seems to be the next targetwhere the currency pair of EUR/USD may rest. Similarly the GBP/USD is also looking as bearish for the coming week. Alot will depend on the fundamental announcements going tocome next week. There are lots of forex fundamental news on GBP and some on USD that are going to be declared next week. So, watch for their timings before you place a trade.
Thats all in this session...Visit again to learn more on the exciting world of online forex trading.
Labels: EUR/USD, forex day trading, forex Entry, GBP/USD, online forex trading, support and resistance
Saturday, June 09, 2007
A landmark post - USD in massive gains
A landmark post - USD in massive gains
There are 2 points I am trying to cover in this message. The 1st is personnal .. Here it is -
This is the 100 th post on this forex trading blog.. Yes, the overall count has reached triple digits. It started as a small journey with a quick introduction. Now it is a blog where people come regularly to get updates about happenning in Forex market from an angle they can understand very easily. 200+ RSS subscribers are a proof of that.
Out of the last 100 posts, 37 were on common technical indicators such as EMA, MACD, parabolic sar, pivot points. This category seems to be very popular among readers. However the most popular topic has been updates on NFP (Non Farm payroll) fundamental announcement and news.
During the 100 posts I have also mentioned quite a few trading strategy and system. Also, I have recommended the popular ebooks and courses..
The 2nd point I would like to cover in this topic is retaliation of USD against all majors ..USD has been on gaining spree for the last 2 days..It has already moved close to 200 pips against EUR and GBP.. Experts say that it is primarily because of strong rally in stock market or the DOW. However I feel that from technical standpoint also it was due.. The majors had a big run against USD for quite a while. Now the currency pairs will start falling back towards 200 EMA
Thats all in this session..Keep visiting to learn more on Forex day trading.
There are 2 points I am trying to cover in this message. The 1st is personnal .. Here it is -
This is the 100 th post on this forex trading blog.. Yes, the overall count has reached triple digits. It started as a small journey with a quick introduction. Now it is a blog where people come regularly to get updates about happenning in Forex market from an angle they can understand very easily. 200+ RSS subscribers are a proof of that.
Out of the last 100 posts, 37 were on common technical indicators such as EMA, MACD, parabolic sar, pivot points. This category seems to be very popular among readers. However the most popular topic has been updates on NFP (Non Farm payroll) fundamental announcement and news.
During the 100 posts I have also mentioned quite a few trading strategy and system. Also, I have recommended the popular ebooks and courses..
The 2nd point I would like to cover in this topic is retaliation of USD against all majors ..USD has been on gaining spree for the last 2 days..It has already moved close to 200 pips against EUR and GBP.. Experts say that it is primarily because of strong rally in stock market or the DOW. However I feel that from technical standpoint also it was due.. The majors had a big run against USD for quite a while. Now the currency pairs will start falling back towards 200 EMA
Thats all in this session..Keep visiting to learn more on Forex day trading.
Labels: EUR/USD, forex day trading, forex ema, forex macd, forex pips, forex technical indicators, GBP/USD, nfp
Saturday, May 19, 2007
This Forex Trading Blog!!
This Forex Trading Blog!!
Hello Everyone..It is a great feeling to tell you that your favourite blog has completed one year of running on 13-May-07.
Yes, on 13-May-06 I launched this blog and it took 7 days for the 1st visitor to visit this site. Today there are close to 200 visitors that come to this site on daily basis to learn more or share there experience about forex trading. More than 175 people have added the RSS feed of this blog to their newsreader page.
I thank you for making this blog so successful.
Want to know more stats and interseting facts about this site?? Well, I'll share with you tomorrow.
Just one more point, the USD is looking in a major up turn. The USD based major currency pair it seems may move 150 pips more in next 1 week. So look for good entry and exit points to place the trade. The good currency pairs to watch are - EUR/USD, GBP/USD and NZD/USD
Thats all in this edition..Visit again to learn more on the world of online forex trading.
Hello Everyone..It is a great feeling to tell you that your favourite blog has completed one year of running on 13-May-07.
Yes, on 13-May-06 I launched this blog and it took 7 days for the 1st visitor to visit this site. Today there are close to 200 visitors that come to this site on daily basis to learn more or share there experience about forex trading. More than 175 people have added the RSS feed of this blog to their newsreader page.
I thank you for making this blog so successful.
Want to know more stats and interseting facts about this site?? Well, I'll share with you tomorrow.
Just one more point, the USD is looking in a major up turn. The USD based major currency pair it seems may move 150 pips more in next 1 week. So look for good entry and exit points to place the trade. The good currency pairs to watch are - EUR/USD, GBP/USD and NZD/USD
Thats all in this edition..Visit again to learn more on the world of online forex trading.
Labels: currency trading, EUR/USD, GBP/USD, online forex trading, voltile currency pair
Thursday, May 03, 2007
Major currency pairs are showing the reversal pattern
Major currency pairs are showing the reversal pattern -
GBP/USD, EUR/USD, AUD/USD, USD/CHF, NZD/USD all are showing major reversal patterns after an extended run...
The GBP/USD after this extensive run where it broke above 2.0000 barrier is now heading down.. Considering that its a great time to go short or pro USD.
Use a forex trading system and identify an entry bpoint to go short.. There are quite a few popular suystems such as one by peter bain I recommend and also from Avi frister or Adam Burgoyne forex trading ebook ...
Aso,please note that tomorrow NFP (Non Farm Payrolls) are going to be declared..So watch out for this fundamental news before you place trade using technical indicators..
Thats all in this session..Visit again
Forex day trading system
GBP/USD, EUR/USD, AUD/USD, USD/CHF, NZD/USD all are showing major reversal patterns after an extended run...
The GBP/USD after this extensive run where it broke above 2.0000 barrier is now heading down.. Considering that its a great time to go short or pro USD.
Use a forex trading system and identify an entry bpoint to go short.. There are quite a few popular suystems such as one by peter bain I recommend and also from Avi frister or Adam Burgoyne forex trading ebook ...
Aso,please note that tomorrow NFP (Non Farm Payrolls) are going to be declared..So watch out for this fundamental news before you place trade using technical indicators..
Thats all in this session..Visit again
Forex day trading system
Labels: Adam Burgoyne, avi frister, EUR/USD, fundamental announcement, fundamental news, GBP/USD, nfp, non farm payroll, peter bain
Saturday, April 21, 2007
Forex Trading at its best when technical indicators work like they should
Forex Trading at its best when technical indicators work like they should -
A trader of currency market gets a lot of pleasure when the technical indicator s/he has analysed works the way analysis said. So, when someone feels that the currency pair should bounce of a fibonacci level or should bounce from EMA, and if that happens, its terrific.
The same happenned with AUD/USD. My analsis of this currency pair said that it should bounce from 200 EMA. Spot that happenned in forex day trading..I went in to trade as MACD also crossed up, and made 55 pips. Most of the times I use RSI as the trigger. But this time MACD turned out to be the trigerring indicator.
However, still I maintain that the most volatile currency pair is GBP/USD followed by USD/CHF and EUR/USD. They respond to technical indicators very well.
Thats all in this session..Thanks for visiting. Come again to learn more about currency trading.
A trader of currency market gets a lot of pleasure when the technical indicator s/he has analysed works the way analysis said. So, when someone feels that the currency pair should bounce of a fibonacci level or should bounce from EMA, and if that happens, its terrific.
The same happenned with AUD/USD. My analsis of this currency pair said that it should bounce from 200 EMA. Spot that happenned in forex day trading..I went in to trade as MACD also crossed up, and made 55 pips. Most of the times I use RSI as the trigger. But this time MACD turned out to be the trigerring indicator.
However, still I maintain that the most volatile currency pair is GBP/USD followed by USD/CHF and EUR/USD. They respond to technical indicators very well.
Thats all in this session..Thanks for visiting. Come again to learn more about currency trading.
Labels: aud/usd. voltile currency pair, currency trading, EUR/USD, forex day trading, forex ema, forex macd, forex technical indicators, GBP/USD, technical analysis
Tuesday, April 17, 2007
No stopping for GBP Pound
Milestone in the currency market - No stopping for GBP Pound.
Today the GBP/USD currency pair touched 2.0000 mark which means that 1 USD = 2 GBP.
The expert team is not sure till when will this run of pound going to continue. When I look at the daily chart I find the currency pair to be in 5th Elliot wave which means that the run can stop any time. My guess is that it will run till 2.150 or where abouts.
As per the hour chart the currency pair already has run 400 pips. So, I am not in favour of doing any trading at this point on this currency pair. No position or swing trading, nor even day trading.
MACD and RSI are also declining as I am writing. Instead, I have opened a forex trade on USD/CHF. This is currenctly in 35 pips profit. I'll keep you posted on the progress.
By the way, my last trade on AUD/USD ended in -45pips. It touched my stop loss. I was expecting the currency pair to go $$ bullish, but it went otherwise.
Thats all in this session of learning forex trading. Keep visiting to learn more.
GDFBCCC18210666
Today the GBP/USD currency pair touched 2.0000 mark which means that 1 USD = 2 GBP.
The expert team is not sure till when will this run of pound going to continue. When I look at the daily chart I find the currency pair to be in 5th Elliot wave which means that the run can stop any time. My guess is that it will run till 2.150 or where abouts.
As per the hour chart the currency pair already has run 400 pips. So, I am not in favour of doing any trading at this point on this currency pair. No position or swing trading, nor even day trading.
MACD and RSI are also declining as I am writing. Instead, I have opened a forex trade on USD/CHF. This is currenctly in 35 pips profit. I'll keep you posted on the progress.
By the way, my last trade on AUD/USD ended in -45pips. It touched my stop loss. I was expecting the currency pair to go $$ bullish, but it went otherwise.
Thats all in this session of learning forex trading. Keep visiting to learn more.
GDFBCCC18210666
Labels: currency trading, Elliott wave, forex trading, GBP/USD, MACD, usd/chf
Sunday, April 15, 2007
The week opens and so do the forex trader's trading station
The new trading week opens and so do the forex trader's trading station.
Today is sunday and the Australian and JPY market are open and I am alreading seeing a lot activity by the currenc traders. Typically this time of the day the volatility is very less. Today its a bit high.
The currency pair that is interesting me more is the GBP/USD. The currency pair is already making adouble top. To confirm the bearish tendency, the MACD is making a negative divergence. This is making me think to go USD bullish. So, I have gone short on GBP/USD.
I thought od using RSI or Stochastic to confirm my trade, however that would have made the trade bit more complicated.
Remember MACD convergence and divergence are very powerful technical analysis indicators for any sort of trading such as stock or forex. Day trading or swing trading.
I'll keep you posted on my progress on this trade..So far I am -15 pips.. Yes currently its in -ve.
Today is sunday and the Australian and JPY market are open and I am alreading seeing a lot activity by the currenc traders. Typically this time of the day the volatility is very less. Today its a bit high.
The currency pair that is interesting me more is the GBP/USD. The currency pair is already making adouble top. To confirm the bearish tendency, the MACD is making a negative divergence. This is making me think to go USD bullish. So, I have gone short on GBP/USD.
I thought od using RSI or Stochastic to confirm my trade, however that would have made the trade bit more complicated.
Remember MACD convergence and divergence are very powerful technical analysis indicators for any sort of trading such as stock or forex. Day trading or swing trading.
I'll keep you posted on my progress on this trade..So far I am -15 pips.. Yes currently its in -ve.
Labels: forex day trading, forex pips, forex traders, GBP/USD, MACD
