I have used the WM/Reuters benchmarks before. I have to admit that they do provide traders with an opportunity to analyse the market from a wider perspective. However, for the short-term trades I cannot say they were much helpful. Using the normal ...

Using WM/Reuters Benchmark Rates in trading

If the signals are from the same time frame, say the daily chart, the it would probably be better if you bring into play more time frames, say hourly, 4-hourly, weekly etc. Now if you still have more than one strong signal, then I suggest the best ...

How to pick which pair to trade when getting multiple signals?

In Forex trading, when we talk of long-term fundamental trading, the picture is different from the time frames involved in investing in stocks and bonds. in currency trading, six months is such a long time to hold on to a position. However, there ...

Long term fundamental trading

News trading draws different opinions from Forex traders. Some believe that it is one of the best ways of engaging in the Forex market, while others view it as a very risky approach. I believe that both are right. With news trading, you do not have ...

News trading discussion - continuation

I totally concur with you there. There us no certain method that will guarantee you profits in Forex trading. People say that some strategies do work on multiple occasions. I do not dispute that, but if you really want to be a successful trader, ...

$13K to over $1M in 3 months

Exactly my view on the Cable. I have a strong conviction that 1.5000 will be achieved next week. However, below that am not sure. Also today GBP/USD breached 1.53 and looks also to test 1.54, but with the Stoch RSI and CCI well above 80 and 200 ...

Cable Update (GBPUSD)

I do not see EUR pushing the JPY any further. 137 seems too much to ask, therefore, a short targeting 132 looks realistic. image

EUR/JPY

Another surprise move today by Nikkei 225, creating a price gap from 17650s to 17970s. Am not picking sides yet, but what happens tomorrow will give me a clear picture of where we are headed with the NIKKEI 225. image

Nikkei 225 Index

I would say at the moment, Crude seems very unpredictable, but I still think that it carries a bearish bias for now. Personally, I doubt whether the price of Crude Oil will go anywhere close to $55 again in the near future. But $44 or even $40 seems ...

Trading Crude Oil with price action + indicator

Things beginning to look south now. It appears the turn I had anticipated earlier is just about to happen. Closed today at 17652. Nonetheless it is still too early to conclude anything. Will watch over for the next couple of days and see how things ...

Nikkei 225 Index

Gold just broke through S1 $1,230. Now S2 $1,200 looks well within reach.Not turning out as I expected, but still remain bullish on the long-term. image

Simple Gold Trading EA for more profits

Interesting view there, I bet sometimes it does feel that way especially when the unexpected happens. Personally, I try to monitor institutional traders activities by looking at the major swings. That's how I identify my price action points, but as ...

Cable Update (GBPUSD)

I really do not think the Euro meeting will have a significant impact on the EUR. It is likely to be one of those days because I am sure they won't be announcing another round of QE. In other words most of what they are likely to say is already out ...

EUR/JPY

Despite the recent positive economic data from Japan, the Nikkei 225 index appears to have posted a devil's run, illustrated by three red candles, with each of the last two opening and closing above the previous opening price, thereby creating a ...

Nikkei 225 Index

I have not yet made the decision on owning Bitcoin denominated account. However, I have realized that investors and a section of analysts do somehow think that this could be the currency of the future. But again, Bitcoin is quite volatile at the ...

Accounts for trading Bitcoin

The EUR/JPY appears to have hit a dead leg plunge as it now seems well settled to move sideways between 132 and 135 for the next few days. As for the next trade, a downward movement appears more likely. image

EUR/JPY

Since the beginning of the year, the S&P 500 has maintained weekly periodic shifts rallying and plunging almost after every five days of trading. at the moment, the index seems to have found support and resistance zones at 1980-2000 and 2060-2080 ...

S&P500 trading

Right now, I wouldn't gamble with Crude oil on a short-term perspective. It's been very edgy over the last two weeks and certainly looks very unpredictable. A lot of fundamentals affecting the commodity too, which makes it technically challenging to ...

Trading Crude Oil with price action + indicator

GBP/JPY bull run appears ripe for the momentum trader with a profit target at 188-190 and a stop loss at 175-176. image

Cable Update (GBPUSD)

The big picture on the daily Chart suggests that the German DAX-30 faces an inevitable pullback despite breaking a major resistance zone at 10000 just last month. image

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