Sunday, September 30, 2007
Forex Day Trading System - Exciting Info!!
There are quite a few exciting infos that I have to share.
First, my blog has reached 600 subscribers in the RSS feed list..Thanks to all of you for making it such a popular blog site..Keep visiting and I'll share lot of other useful information also on the world of forex trading.
Next exciting news is that I am in middle of creating a forex trading course which will be launched in next few weeks and guess what I am going to distribute it Free to about 50 people before I start selling it. Why? One reason is that this is a way for me to thank the loyal visitors of this site. The next is that their feedback will allow me to improve the curse before it full fledgedly gets launched in the market.
I'll put up an opt-in page very soon for you to register..As you know me I am against Spam!! So don't worry about your email ids..:-)
The next is about historic moment on USD/CAD!!!!! Yes, the balance has shifted to CAD. The canadian dollar has become more stronger than USD. As of today 1 USD is equal to 0.99 CAD
Though this is historic, it opens a whole lot of sell opportunities. If you look at the monthly charts, the USD/CAD currency pair has just now broken the strong support, so it is extremly bearish. So what hour time frame you trade, daily or hourly or even 15 min, look for good entry points!!
Also, do remember, this week the NFP (Non farm payroll) numbers are going to come out.
Thats all in this message..Keep visiting to learn on online forex trading
Labels: forex chart, forex Entry, nfp, online forex trading, support and resistance, USD/CAD
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, May 19, 2007
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.
Labels: currency trading, EUR/USD, GBP/USD, online forex trading, voltile currency pair
Monday, March 19, 2007
Forex Day Trading system - Quick chances of market reversel for EUR/USD
This currency pair is at a very high point as per the daily charts..So, it is at a very strong resistance area. If it breaks that, then the trading charts will show the forex market zoom.
If the market is high on daily charts, one still has the chance to do forex day trading by being bullish since in that case you are looking for a profit of 20-25 pips per trade. However, the swing trading is slightly risky since the swing trading is mostly done using an hour chart.
I currently have opened a buy trade at 1.3302 with a stop loss at 1.3268. I a expecting the currency pair to touch about 1.3345 types..which is a profit of 40 pips.. So you can consider this trade as more of a day trading.
Thats all in this message..Visit again to learn more on currency trading.
Labels: currency trading, EUR/USD, Forex day trading system, forex pips, forex technical indicators, online forex trading
Sunday, March 11, 2007
Forex Day Trading system: My results for the last NFP announcement
Few days back I mentioned in my post that I am going to trade Non Farm Payroll as a trial using Avi Frister 's system in Forex Trading Machine course..
Along with that I thought of trying another forex strategy that I came to my mind few days back..Its more of a hedging technique.
I cannot tell you the details about the strategy that "Forex trading machine" course tells or else Avi will sue me..:-)..However, I can share with you the results of my gains in the trades I placed -
I placed 3 forex trades on 3 currency pairs on my Demo Account -
a. Buy Trade on GBP/USD using Avi's forex day trading system for NFP fundamental announcement.
b. Long on EUR/USD on an entry price using my strategy
c. Long on USD/CHF on an entry price using my strategy
My target on trade b & c was 50 pips each and stop loss was 25 pips.
Here is what happenned -
a. Trade A went successfully and I acheived good amount of pips.
b. Trade b was loss of 25 pips
c. trade c was profit of 50 pips
In all, its still early to say about my startegy, however I can say that Forex trading machine is a nice course and contains good forex trading systems for day as well as swing trading..
I still would like to place few more trades using the cash cow startegy before I can say for certain..However, what ever trades I have placed have been profitable..
This week I am going to place trade on my mini trading account with real money using Avi's system..And, yes, I'll share the results with you.
For people looking for a book on startegy for currency trading, for now I'll recommend
Forex Trading Machine
Thats all in today's post on NFP which is more about my experience in this month's fundamental news.
Labels: avi frister, forex day trading, Forex day trading system, forex pips, forex trading machine, fundamental announcement, nfp, non farm payroll, online forex trading
