Archive for April, 2008

Free Forex video on YouTube

Let’s see what trading tips we can fish out for the next Forex videos.

As I have mentioned earlier, Forex traders in their majority won’t reveal you their very profit yielding best system, but they can share something and we can learn from it. I watch videos closely and besides the words
I hear from narrator I like to look at screen shots they work with closely and make my own notes.
This helps to discover additional interesting moments that authors may not mention of focus users attention on.

Trading pullbacks between high and low points on the market: Easy Forex strategy

Rules are explained, charts are shown. Enjoy!
http://www.youtube.com/v/r3j5fJrvevE

Simple overview of options to analyse price with RSI indicator.Forex pivot point trading explained. Educational video with theory of Pivot point trading + chart examples.

http://www.youtube.com/v/CUqnMqeH6MY

Trading with Fibs and ratio trading:

http://www.youtube.com/v/4hfV_QtN6hI

Forex scalping based on candle wicks patterns. Quite simple, but nice method.

http://www.youtube.com/v/TLuvZ0quZ84

Profitable Forex trades and good luck!


Forex signals update Apr 10-2008

EUR-USD => tested the highs for the third time. Now requires to clear 1.5925 for a try at 1.6000, buying potential remains while trading above 1.5830, trading below signals reversal to 1.5660

AUD-USD => pullback within overall move higher while trading above 0.9235-45 rising trend line support, forming strength over 0.9325 call for a move higher later

GBP-USD => retracement higher is holding trading below 1.9850, trading above calls for gains extend to 1.9890-930, trading below 1.9760 calls for new forming weakness back to 1.9670

Further comments at http://forex-trading-signals.net/morning-comments

Good luck in Forex trading!


Forex signals update Apr 09-2008

EUR-USD => sideways range, risk is for a dip down to 1.5660-70 if trading below 1.5700, requires over 1.5750 for gains to extend to 1.5780-90

AUD-USD => pullback within overall move higher while trading above 0.9235-45 rising trend line support, forming strength over 0.9325 calls for a move higher

GBP-USD => consolidation below main 1.9730-60 resistance, buying corrective preference while trading above 1.9680, trading below calls for another try for 1.9650, then 1.9600-10

Further comments at http://forex-trading-signals.net/morning-comments

In fundamentals today we would be interested in Australian dollar:

9:30pm EST AUD Employment Change => High Impact Expected.
Forecast = 10.0K. If Actual data comes to be higher than that, we will have a stronger AUD. Lower - weaker.

9:30pm EST AUD Unemployment Rate =>Medium Impact Expected.
Forecast = 4.1%. If actual comes to be lower than that, we will have a stronger AUD, higher - weaker.

Good luck in Forex today!


Forex signals update Apr 08-2008

EUR-USD => sellers dominance sets up test of rising hourly trendline support at 1.5690, trading below calls for decline extend to 1.5640-50 at least, preference lower while trading below 1.5740

AUD-USD => testing hourly lows at 0.9240-50 after failure trading below 0.9300, trading below calls for decline to 0.9200-10 at least, preference lower while trading below 0.9275

GBP-USD => breakout down trading below recent range lows at 1.9710-50 sets up potential move to 1.9380-430, strong selling potential while trading below 1.9730

Further comments see at: http://forex-trading-signals.net/morning-comments

Fundamentals today:
time EST
10:00am USD Pending Home Sales m/m => Medium Impact Expected
10:00am USD IBD/TIPP Economic Optimism => Low Impact Expected
2:00pm USD FOMC Meeting Minutes => High Impact Expected
7:01pm GBP Consumer Confidence Index => Medium Impact Expected
8:30pm AUD WMI Consumer Sentiment m/m => Medium Impact Expected
Tentative JPY Interest Rate Announcement => Medium Impact Expected