The construction of the Ichimoku shows that we don’t have to use the MA of the close price. In fact if you think about what the moving average really is, it is simply a look at a series of data and smooths them out. Therefore, another use of the MA is to smooth out not only price data, but indicator data. For example, the stochastic oscillator uses a smoothing out process in its calculation…
Rule 1: When in Doubt, Stay Out – Sure, you can’t ever get rid of all uncertainty. However, if you are going to do the research and come up with a trade idea, you need to have confidence in the reason you are entering the trade. Otherwise, you will not have the conviction to stick with a trade and might get “shaken” out by noise. On the other hand if you do have a sound reason to enter the trade…
Traders new and seasoned deal with many common emotions while trading. These might even linger when they are not trading. The experts differ from the rest by recognizing these emotions and developing methods for dealing with them. Let’s take a look at some common emotions. See if you can recognize them during your trading…
How to Trade Forex on News Releases If you choose you trade on the forex market, then you are committing your money to an extremely volatile and unpredictable past time. It is also a financial environment with high levels of liquidity and opportunity, however, and one that can deliver significant returns to investors. There…
Here is the latest trade I put on several days ago that got filled yesterday. The chart below highlights a candle that served as a powerful reversal signal; we see a long wick, on a bearish candle, bouncing off a 50% Fibonacci level. The strong bounce made it less than favorable, in my opinion, to…
This week NY Times did a profile of Martin Brodeur the New Jersey Devils inimitable goalie who has been minding the nets for the hockey team for the past twenty years. When I was young I used to play goalie in hockey and it was one of the more brutal physical experiences of my life….
Join Fan Yang CMT, as he presents a webinar on FXStreet on his breakout and trend following strategy.
Time: 12:00PM EST, 17:00GMT
link: http://www.fxstreet.com/webinars/sessions/session.aspx?id=b32b980e-2743-40a6-9c07-d1af141c9ac6
The stochastic oscillator belongs to a group of technical indicators known as moment indicators. The underlying philosophy here is that when prices are in an uptrend, the closing price should be near the day’s highest trading level – reflecting the strong upward momentum in the price. In a bear market the price should close near the day’s lowest trading level, which will in turn reflect the downward sentiment in the market…
Support and resistance levels are key levels where it is possible for the price of a currency pair to experience reversals. As such, they should always be considered whenever a trader wished to make trade entries and ex…
Volume on yen futures was 471K contracts - that is the second highest (after 6/7) on record. Tentative support on $USDCHF; but after that huge swing, I don't take it seriously. http://t.co/BhCgRaaLSx
"The End of Day #Forex Report. A look at the new trading day ahead."( http://t.co/gpwgsWvEC1 ) Biggest pip-based drop for $USDJPY since 5/6/2010: http://t.co/pUgdbhoHEY "#USDTRY off highs as riots on the streets in Istanbul"( http://t.co/kVKcgOsGIY )
And guess what happened after the +4% sell off in USD/JPY in March 2011? = G7 intervention
“@daytradersfx: Well not a bad morning, closed two trades for a total of 138 pips, thanks $EURUSD and $GBPJPY” And one for charity too! Found this really old article I wrote on USD/JPY: Top 10 Largest Moves and How the BoJ Responded http://t.co/lTepJjIoMW If $EURJPY keeps up this pace, I may be jumping in again faster than expected... http://t.co/0VKEIS3Mv7 Biggest one day sell-off in USD/JPY since March 11, 2011 - aftermath of the earthquake & tsunami that hit Japan What does it take to break gold from this wedge... http://t.co/6FWE9xvkM5 "#USDJPY moves below 100 day MA and the price plunges another 50 pips"( http://t.co/n6tuqQcVZJ ) Alright, I need to take another portion of my $USDJPY short off (+385). If it breaks 95 convincingly, I'll re-up. Next level of escalation for the $USDJPY's gradual turn: breaking this trendline at 95: http://t.co/CA9BDM2VU1
$USDJPY Stutter-Step Sell Targets Last Week’s Low - http://t.co/qAOs1KDe3P #forex #USDJPY
And if you don't like what you see, let me know--appreciate the feedback either way. If you like what you see, sign up for my reports via e-mail in PDF format: http://t.co/2AocNzIh9g (I really hate spam, I'm sure you do, too) Fed's June rate decision scheduled for next Wednesday. Keep it in mind as the 'Taper' debate rages on Is today the start of a major Australian Dollar bounce? I think so. Here's why: http://t.co/RGWFdsBLDT Decelerating pattern back into former support as new resistance for $SPY. Watching 1,600: http://t.co/tlRF8QPhYm ...falling demand and higher yield on med-duration debt not a good sign for a Fed contemplating an exit. Treasury sells 3-year paper with a yield of 0.581% (highest since 7/15/2011), bid-to-cover of 2.95 (lowest 12/10/2010). How many times in the past 3 decades has $AUDUSD moved in over 5 straight weeks in one direction: http://t.co/PRbNvwHPoq
RT @Fibarchie: @ForexStopHunter Thanks Dale for the #fxstreet interview. catch it here http://t.co/Wyn8FBQ60Y $es $cl $gbpusd Your Welcome:) This was the $EURJPY chart I was looking at yesterday. Played well, but more places to jump back on http://t.co/ob6OyMTWjz Argument that AUD could weaken on RBA cuts is valid, but look at key interest rates/differentials: http://t.co/OqqsS9mg2u
Who on my stream called AUDUSD down to 9330about 10 days ago to end a trend sequence? Kudos.. Asmussen earlier touched on a critical question most overlook:what if a country didn't meet OMT conditions? Either EZ exit or program revamp
@DRodriguezFX good looks...this feels like one of those that has had so many false bottoms that when the bottom does form-few will trade it Bundesbank Weidmann said that monetary policy is not meant to buy time for fiscal efforts. That has been a key Fed and BoJ effort... That analysis is the brainchild of @JamieSaettele, by the way. He did a great writeup on newspaper/magazine headlines in his book. .@KKerrFX pointed out lack of irony in sensationalist BI headlines, but really I posted that bc "The Australian" said "Plummets" in title. Australian Dollar bounce might be start of bigger recovery. One clue: sensationalist newspaper headlines: http://t.co/IWIIr7gnF5 Ouch. Paulson Gold Fund dropped 13% in May and down 54% since the start of the year - Bberg RT @NicTrades: It's Tuesday. We whacked it down so you could buy it. You are welcome America > Class.. I took a $EURJPY short at 130.75 before I got on my plane yesterday - before it was delayed for hours. Now +200. I'm going to book. Patience kept me with my $USDJPY short. Not back to last week's spike low at 95, but I'm still +300 in the money on the remaining exposure
Information and opinions contained on this page are for educational purposes only and do not constitute trading recommendations.
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