Update: RBA surprised the market by cutting rates by 0.25%, we entered on a sell AUD/NZD immediately after the release at around 1.2459 level. Few minutes later, Henry closed half of the position at 1.2443 and moved SL to to the entry price. AUD/NZD eventually dropped further below our TP level at 1.2420, yielding a […]
Today’s Trade Result: +86.5 pips September 2012: +103.5 pips August 2012: +365.5 pips July 2012: +158.5 pips June 2012: +322 pips May 2012: +323 pips April 2012: +212 pips March 2012: +302.5 pips February 2012: +288 pips January 2012: +80.5 pips December 2011: +67.5 pips November 2011: +12.5 pips October 2011: +965.5 pips September 2011: […]
Fundamental Trading Fundamental Sentiment Trading is a type of trading method based on fundamental news sentiments. As the Forex market is highly speculative, strong high impact news releases are likely to move the market prior to their scheduled release… What Sentiment Trading IS: Focus on high impact trend changing events. 100% Pre-news, Enter […]
Let’s review some live charts and look for the Support and Resistance levels. We’ll also look for possible entries according to these Support and Resistance levels.
Support/Resistance: When you are in a down trend, you focus only on support levels… When you are in an up trend, you focus only on resistance levels… Supports A candle grouping of at least FIVE candles. The lower center candle or wick which has two higher candles on either side. Candle color is […]
Contrarian trading: Traders buy an instrument which has been falling, or short-sells a rising one, in expectation that the trend (short-term) will change… Entering the market is crucial to the overall profitability of your account.
Market Cycle Timeframe: 7:30pm ~ 8:30pm NY Time (30 minutes to 4 Hours) 1:00am ~ 3:00am NY Time (30 minutes to 2 Hours) 6:45am ~ 8:00am NY Time (30 minutes to 1 Hour) 9:00am ~ 9:45am NY Time (30 minutes to 90 minutes) 11:00am ~ 12:00pm NY Time (30 minutes to 8 Hours) […]
Market Cycle Tips: If the trend is with you, go for more pips. If the trend is against you, go for 30 pips. Know your trade timeframe.
What to look for in order to trade Market Cycle? Look for a spike in the opposite direction. (REV) If you miss the spike, wait for reversal to be over and trade in the direction of the trend.
Long-Term Trend (From Current Event): Trade the News Report: Sterling was firmer against the majors with dealers attributing the strength to press comments from BOE’s Sentence. The central banker commented that the BOE had done enough to stimulate the UK economy and prompted a string of GBP short-covering. The BOE’s member hinted towards […]
Long-Term Trend (From Weekly Outlook): …United Kingdom (GBP) Current Interest Rate 0.50% Sterling will probably remain supported in the short run, as the strength of USD has subsided due to the last NFP release. I still believe GBP may be able to hold its own against USD better than EUR, just because the […]
Basic Market Cycle Trading Criteria: Identify the current trend Identify the long term trend Trade reversal or Trade trend