Archive for August, 2007

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Forex Video lessons 2

Posted in Forex Video by Practical trader on August 18th, 2007

Here comes the second part of free video tutorials on trading.

You may notice that sometimes it is about trading stocks, not Forex. I would say, it does not matter, it is still about price fluctuations and majority of indicators and techniques used for trading stocks are used to trade Forex.

Enjoy!

Trader training videos. These videos use stock trading examples for educational purposes.

T2Wlesson. Psychological trading scenario for intra day trading.

Additional Trading strategy. Trading 15 and 60 minute chart GBP/USD in a trending market, UK and NY sessions.

A Breakout strategy explained. Very nice informative video.

More links coming…


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Forex daily market comments Friday August 17, 2007

Posted in Daily market comments by Practical trader on August 17th, 2007

Friday August 17, 2007

EUR-USD 1.3426. It should test higher than 1.3462. Entry point are at 1.3393 and 1.3375. A break of 1.3324 is bearish.
GBP-USD 1.9829. It may meet resistance in 1.9829 - 1.983 zone for a drift down to 1.9827 zone, after which bounce to 1.9860 is anticipated.
USD-CHF 1.2164. It looks more likely that it would rise to above 1.219 or 1.2208 from 1.2149 or 1.2126. After which a downside move to below 1.2089 is expected.
USD-JPY 113.88. It is likely to attempt nearer support at 111.67 for extending further to below 109.47 while below 113.88 - 115.31 area. Rise above 116.41 would dampen this bearish expectation.
EUR-JPY 152.88. It is likely to attempt nearer support at 149.68 for extending further to below 146.48 while below 152.88 - 154.82 area. Rise above 156.42 would dampen this bearish expectation.
EUR-GBP 0.6770. It may attempt a test higher to 0.6774 after which weakness may set it to a drift down to below 0.6752 limit.
EUR-CHF 1.6331. It should test 1.6344 area after which a sell off down to 1.6259 or extended to 1.6188 area is expected.
AUD-USD 0.7912. It is likely to attempt nearer support at 0.7754 for extending further to below 0.7596 while below 0.7912 - 0.8057 area. Rise above 0.8136 would dampen this bearish expectation.
USD-CAD 1.0762. While below 1.0718 or 1.0768 it could fall towards below 1.0573. Rise above 1.0816 could activate some bullish pattern.

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Forex daily signals Thusday August 16, 2007

Posted in Daily market comments by Practical trader on August 16th, 2007

Thursday August 16, 2007

EUR-USD 1.3441. It should register further gains to 1.3507 while 1.3407 caps downside attempts. Stop loss below 1.3373 zone.
GBP-USD 1.9887. Structure is bearish to 1.9871 or 1.9837 limit but slowing momentum suggests a correction first to 1.9930 or 2.0022 zone.
USD-CHF 1.2191. Currently uptrend should end around 1.2258 - 1.2225 area. A correction down to below 1.2130 is expected. A rise above 1.2260 will abort the expected correction.
USD-JPY 116.61. Support at 116.60 or 115.88 should hold the downside for a correction to above 117.31 zone.
EUR-JPY 156.75. Support at 156.71 or 155.00 should hold the downside for a correction to above 158.43 zone.
EUR-GBP 0.6759. While below 0.6768 - 0.6776 it might drop to 0.6743 or below 0.6728 zone.
EUR-CHF 1.6389. It is likely to fall towards 1.6344 as its corrective rally could falter in 1.6412 - 1.6389 area. Stop above 1.6435 zone.
AUD-USD 0.8200. Market should not go lower than 0.8101. After this move down it should go up to 0.8200 - 0.8249 area.
USD-CAD 1.0787. One move lower to 1.0707 or 1.0626 is anticipated while below 1.0793 - 1.0833 area. Stop loss above 1.0878 zone.

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Forex daily signals Wednesday August 15, 2007

Posted in Daily market comments by Practical trader on August 15th, 2007

Wednesday August 15, 2007

EUR-USD 1.3533. It should register further gains to 1.3595 while 1.3501 caps downside attempts. Stop loss below 1.3469 zone.
GBP-USD 1.9968. Support at 1.9966 or 1.9853 should hold the downside for a correction to above 2.0079 zone.
USD-CHF 1.2110. Uptrend is still intact. It should continue to rally to 1.2159 or 1.2175 if support around 1.2086 hold. After which a pullback to 1.2086 - 1.2070 zone is possible.
USD-JPY 117.57. Overall structure is bearish. Decelerating momentum could attract it towards supports at 117.42 or 117.25. Major support is clustered around 116.63 limit.
EUR-JPY 159.11. Support at 159.10 or 157.82 should hold the downside for a correction to above 160.39 zone.
EUR-GBP 0.6777. A correction down to 0.6757 or lower is now expected from 0.6777 or 0.6787. A break above 0.6816 is needed to turn bullish.
EUR-CHF 1.6388. Preferred outlook is for a drift down to below 1.6337. Resistances are at 1.6388 and 1.6403. A rise above 1.6429 would delay but not abort this expected fall.
AUD-USD 0.8345. Support at 0.8343 or 0.8285 should hold the downside for a correction to above 0.8401 zone.
USD-CAD 1.0673. Current rise seems to be over near 1.0680 or 1.0728 for a retracement towards 1.0631 - 1.0604 area.

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