Forex Secrets

Forex Trading Indicators – Bollinger Bands Indicator

Bollinger bands is an indicator that plots a pair of lines on either side of a moving average. For example as seen in the weekly chart, we have a moving average in the center which is 20 period (20 weeks) and we have two lines that appear on either side which are two standard deviations. These two lines are average movement away from the moving average multiplied by two. The idea is that when price gets twice far away from the moving average as usual, its more than likel that it is going to revert back to the moving average. In this sense the Bollinger bands can be both trending and counter trending indicator. When the Bollinger bands tighten up it shows a lack of volatility in the markets. All traders know that the market cannot sit still forever. As seen in the chart, as the bands tighten up it eventually exploded to the upside.
Continue Reading… >>>

Ichimoku Basics

This video takes you through the basics of Ichimoku indicator. Designed by Japanese journalist in 1969, the original name of this indicator is “Ichimoku kinkou hyou”.
Continue Reading… >>>

Forex: EUR/USD Hovering Over 1.2700

After bottoming in the 1.2640 region, the single currency is paring early losses since the opening bell in London, trading back to the 1.2700 area and gaining traction as the risk aversion is taking a breather.
Continue Reading… >>>

Asian Markets Plunge On Greece, Moody`s Downgrades Spain Banks

The potential “Grexit” is killing the markets as they run for safety in the last day of the week. Uncertainty is all over, and regardless of the new elections being held in June 17, investors still don`t want to risk it.
Continue Reading… >>>

Forex: GBP/USD Lower As Investors Buy Dollars

The pound continues to decline against the U.S. dollar in early Asia, after closing down 0.7% on Thursday to 1.5794.

GBP/USD ended lower for a third consecutive session and reached its lowest levels since the 22nd day of March, as a weak read of U.S. business conditions coupled with a broadly risk-averse sentiment stemming from Europe fueled demand for safer assets.
Continue Reading… >>>

Forex Education: Learning The Basics

Trading currencies can be a great way to make money, unfortunately a lot of people are afraid to try it. The biggest reason that people are afraid of trading forex is that they are confused by how the process works. There is no doubting that if all of your trading experience is in stocks you will find things to be very different. However once you pick up the basics the rest will fall into place pretty quickly.
Continue Reading… >>>

Midday Snapshot – May 17th 2012

Natalie MacDonald brings you the Midday Snapshot in this video, which reviews and analyzes the trading activity in relation to the actual market movement. EUR/USD pair took a sharp slide all the way to the low of 1.2666 measuring a volatility of 84 pips, with price movement sharply down: -0.43%, trader’s sentiment is neutral—0% and traded volume is average: -18% short of the monthly average. Sharp downtrend makes profits likely for traders with short positions. Its bearish for the GBP/USD pair as well measuring a volatility of 108 pips, and the downtrend has resulted in a loss of 0.49% price movement, trader’s sentiment is neutral: -6% short and traded volume is average: 9%. Plenty of profit opportunities for bears, but losses are more likely for the bulls. USD/JPY took a slide but bounced back to cancel the loss. Trading has been passive measuring a volatility of 22 pips. Price movement is sharply down: -0.16%, trader’s sentiment is bearis: -34% short and the traded volume is extremely low: -57% low. GBP/JPY has been moving sharply lower from the early high of 128.00 measuring a volatility of 108 pips with price movement sharply down: -0.65%, trader’s sentiment is neutral: 3% long, and traded volume is extremely low: -59%. EUR/JPY has been trading passively measuring a volatility of 81 pips, with price movement sharply down: -0.59%, trader’s sentiment is neutral: 4% long and traded volume is extremely low: -43%. Profits are more likely for the bears as the rate has been moving sharply lower.
Continue Reading… >>>

Close(TP) Buy AUD/CAD @ 1.00606 By Signal Factory

Close(TP) Buy AUD/CAD @ 1.00606 By Signal Factory | Profit: 49 pips | 2012.05.17 01:14 GMT

Continue Reading… >>>

Sell NZD/USD @ 0.76557 By Signal Factory

Sell NZD/USD @ 0.76557 By Signal Factory | SL:0.77585 | TP:0.76185 | 2012.05.16 08:36 GMT

Continue Reading… >>>

Asian Market Update: Asian Equities Continued Their Decent With The Focus Remaining On Greece; China Banks Barely Making Loans In May

***Fixed Income/Commodities/Forex***
- (US) API PETROLEUM INVENTORIES CRUDE: +6.57M V +1ME; GASOLINE: -2.64M V 0E; DISTILLATE: -1.57M V 0E; UTILIZATION: 84.8% V 85% W/W
- (CN) China MoF sells 50-yr bonds at 4.25% v 4.48% May 11th, 2011
Continue Reading… >>>