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When to Stop Trading
Tuesday, May 1st, 2012This article written by Brett N. Steenbarger  Â
Much of the advice given to traders concerns either what to buy or sell or when to buy or sell. This makes sense, as it is doubtful that brokerage houses and advisory services could make much of a living by telling traders not to trade. My experience with professional traders, however, suggests to me that they frequently wrestle with the question of when to stop trading. This question typically emerges in two contexts:
1. The volatility in the market is low - Does it make sense to be in the market? Is there sufficient opportunity?
2. I’m not trading well - Does it make sense for me to continue trading? Do I need to take a break?
In the first installment of this three article series, I will tackle the issue of low volatility; the second in the series will cover challenges related to trader psychology, and the third will suggest ways for traders to benefit from their times away from trading.
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Currency Summary 21 AUGUST 2006
Saturday, April 28th, 2012- U.S. Dollar Trading (USD) was mixed against the majors in the overnight forex trading session as US consumer sentiment disappointed. The sentiment index fell from 84.7 to 78.7 in August below expectations of a modest fall to 83.6. In other markets, the Dow Jones index rose by 46pts while the NASDAQ gained 6pts capping the best week in 3 years for the NASDAQ. Crude oil rose as focus was again on Iran and their nuclear ambitions, with the UN deadline nearing before sanctions are imposed. Crude oil finished up USD$1.03 to USD$71.09 a barrel. Looking ahead, Redbook store sales and the Richmond Fed Survey are due out tomorrow.
- The Euro (EUR) traded within a low of 1.2780 and a high of 1.2845, before closing at 1.2820 in the New York session.
- The Japanese Yen (JPY) traded within a low of 115.45 and a high of 116.00 versus the dollar, before closing at 115.80 in the New York session.
- The Sterling (GBP) traded within a low of 1.8780 and a high of 1.8860, before closing at 1.8820 in the New York session.
Cannot deposit via E-gold anymore
Friday, April 27th, 2012I don’t know when Marketiva closed for member to deposit funds via E-Gold. And I have assumsion that Marketiva new regulation to avoid money laundry with someone who have big money on e-gold. We have heard months ago E-Gold charged with money laundering (see also E-Gold Indicted for Money Laundering and Illegal Money Transmitting ), and Marketiva don’t want become part of this crime of maney laundry. It’s good decision, but for small trader e-gold still the best alternative to deposit and trading on marketiva.
But we have new alternative to deposite, Marketiva now accept Webmoney (www.wmtransfer.com) and E-Dinar (www.e-dinar.com)
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Forex Signal - End Nov 2011
Thursday, April 26th, 2012Trade Idea Wrap-up: GBP/USD – Buy at 1.5600
GBP/USD - 1.5644
Most recent candlesticks pattern : N/A
Trend : Near term down
Tenkan-Sen level :1.5637
Kijun-Sen level :1.5637
Ichimoku cloud top :1.5750
Ichimoku cloud bottom :1.5720
Original strategy :
Sell at 1.5750, Target: 1.5620, Stop: 1.5785
Position: -
Target: -
Stop:-
New strategy :
Buy at 1.5600, Target: 1.5700, Stop: 1.5565 Read the rest of this entry »
Dec 16 2001 : Forex - EUR/USD up in Asian trade
Wednesday, April 25th, 2012Forexpros - The Euro was higher against the U.S. Dollar on Friday.
EUR/USD was trading at 1.3039, up 0.18% at time of writing.
The pair was likely to find support at 1.2947, Wednesday’s low, and resistance at 1.3377, Monday’s high.
Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.06% to hit 0.8395 and EUR/JPY rising 0.17% to hit 101.51.
USD/CHF intraday: under pressure - Update Nov 30, 2011
Tuesday, April 24th, 2012USD/CHF intraday: under pressure.
Pivot Chart: 0.9235
Our preference: Short positions below 0.9235 with targets @ 0.9125 & 0.91 in extension.
Alternative scenario: Above 0.9235 look for further upside with 0.926 & 0.929 as targets.
Comment: the RSI has just struck against its neutrality area at 50% and is reversing down.
GBP/USD key ST resistance at 1.553 - Update 28 Nov 2011
Monday, April 23rd, 2012GBP/USD intraday: key ST resistance at 1.553
Pivot: 1.5530.
Our Preference: SHORT positions below 1.553 with targets @ 1.5435 & 1.54.
Alternative scenario: The upside penetration of 1.553 will call for a rebound towards 1.5565 & 1.56.
Comment: the RSI lacks upward momentum.
Trends Terms:
EUR/USD the downside prevails - Update Dec 5, 2011
Thursday, April 19th, 2012EUR/USD intraday: the downside prevails.
Pivot: 1.3445
Our preference: Short positions below 1.3445 with targets @ 1.3305 & 1.3275 in extension.
Alternative scenario: Above 1.3445 look for further upside with 1.3485 & 1.352 as targets.
Comment: the pair is trading in an intraday bearish channel.
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Learn from Forex Training Video
Tuesday, April 17th, 2012As forex trader, we have not to stop to learn how to be good trader, no matter in where you got the resource. Here is another great video of forex training , eventhough come from different marketiva platform, its very useful resource beside joining forum or reading useless ebook.
This youtube live forex training video provided by http://www.fxbootcamp.com
The topic is Non-Farm Payrolls live event, held at FXstreet.com was attended by 400 FOREX traders! This is a summary of the 3 hours of forex training.
you also can see:
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New Order Form Marketiva
Thursday, April 12th, 2012
On Picture above, after click new order tab you will see this form,
No1. is Instrument Pair form, select from EUR/USD, USD/JPY, GBP/USD.. and more
Read the rest of this entry »
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What is Forex Mutant
Sunday, April 8th, 2012
Forex-Mutant was made by Lee, an avid Fx trader. Lee Campbell has prepared an variety of Fx selling systems over long times. Through the years, Lee realized|realised|saw|recognized|understood|cleared how important a role emotion played in getting successful in that trading market – as fear and greed are the superior reasons why someones lose every matter.
His goal was to prepare a Forex System that would be full automated signals to reject the emotional factor in trading. Lee Campbell says that Forex Mutant software is the most high-tech trading software he has ever created as it improves on each of his early products. You only instal it and go it on. Every subject is automatic signals generated for you practicing professional and essential guidelines.
Forex Mutant software Characteristics:
1- It is not fx trading automated system, but forex trading software program used to get fx trading signals.
2- Very simple to employ (copy/paste signals).
3- Forex Mutant software is based on a very strong/complicated trading system and gives simple buy and sell orders for users to follow.
4- Forex Mutant trading software trade Each Major Currency Pairs.
5- Forex Mutant software trade on Each time frames.
6- The Forex Mutant software signals are not based on hedging method.
7- Fx Mutant goes with any account size.
8- Fx Mutant have a stop loss, with fixed amount that may be changed|modified|altered|adjusted|edited} manually by users. you may apply the defaults stop loss or apply different stop-loss level (example: based on resistance and support).
9- Forex Mutant trading software may be applied with any other fx trading software system.
10- You don’t need to get any trading experience to use Forex Mutant software, all you need is to know the way to place fx trading orders.
There are some characteristics that any Forex System should handle. In this Forex Mutant review I will explain in details the superior Forex Mutant software’s abilities:
1. What I Got By buying of Forex Mutant trading software?
By becoming a member of Forex-Mutant web site, I have won access to superior topnotch training materials (PDF guides and bit by bit instructional videos) along with the installation program for the Forex Mutant trading software. Before you take decision to buy whatever investment, I’m for sure that you may need to look for the potential income and profits you may yield with this trading software and equate it vs the investing capital you need to do.
2. Is the Forex Mutant trading software-support topnotch?
If you experience some questions, no matter how deep or smaller, there should follow some form of client service easy to you. With your buy of Fx Mutant Software, you have a Fx education manual that should resolve almost all of your doubts. If you still get doubts, Forex-Mutant offers e-mail support with a insured, personalised response within two business days.
3. Is Fx Mutant Worthy Investing In?
although I would say that Fx Mutant does costed quite a amount of money to invest it, I am in truth glad that I built this investing as it is paying off numerous times for me today. However, I must warn each clients that they should 1st realize the way the Forex-Mutant functions and how to operate it before live funds is ran a risk. The client will still take an influence on its profits as the trader holds the ability to give varieties to the Forex Mutant trading software’s settings accordingly.
4. If you are non happy, may you have a repay?
This Forex Mutant software offers a 56 day, 100% cash-back warranty. Even if you entirely apply demo account and ne’er give a real account, it states that you are even titled to a repay.
Final Decision of This Forex Mutant Review:
I made my optimum in that Forex Mutant review and what I can state is that Along the truth, Forex Mutant trading software seems not only to go fairly priced, but a respected software as well.
Via knowforfree
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EUR/USD Bullish bias above 1.3395. Update Dec 1, 2011
Monday, March 26th, 2012EUR/USD intraday: bullish bias above 1.3395.
Pivot: 1.3395
Our preference: Long positions above 1.3395 with targets @ 1.353 & 1.357 in extension.
Alternative scenario: Below 1.3395 look for further downside with 1.337 & 1.334 as targets.
Comment: the RSI has just landed on its neutrality area at 50% and is turning up.
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EUR/USD Intraday - Update 24 Nov 20011
Saturday, March 17th, 2012Pivot: 1.3430.
Our Preference: SHORT positions below 1.343 with targets @ 1.331 & 1.3275.
Alternative scenario: The upside penetration of 1.343 will call for a rebound towards 1.348 & 1.354.
Comment: the pair remains on the downside and the RSI is mixed to bearish.
Trend: ST Consolidation; MT Bearish
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EUR/USD Down - Update Nov 23 2011, 14:14 GMT
Friday, March 16th, 2012
The EUR/USD continues falling after a 2-day consolidation to start the week. It is now the 78.6% retracement level of 1.3380, reinforced by pivots back late September and early October. Below that we have 1.3145 October low as the next short-term target.
Looking at the daily and weekly chart, we see that we are both trading below the 200SMA, but the RSI in both have not tagged 30, and is still struggling to break below 40. Although the momentum is not there in the daily and weekly chart, it is there in the 4H chart not shown here.
The weekly chart shows lower targets below the 1.3145 low. The 61.8% retracement of the 1.1875 to 1.4939 swing (June2010 – June 2011) is at 1.3045. Below that, we have a swing projection target toward 1.2830, with 1.2874 as the 2011 low.
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EUR/USD News: Trading the German ZEW Economic Sentiment Index
Thursday, March 8th, 2012The German ZEW Economic Sentiment Index is based on a monthly survey of institutional investors and analysts regarding their views on the outlook for the German economy. A reading that is higher than the market forecast is bullish for the Euro.
Here are all the details, and 5 possible outcomes for EUR/USD.
Published on Tuesday at 10:00 GMT.
Indicator Background
The German ZEW Economic Sentiment surveys financial experts for their assessment of the direction of economy in the next six months, based on economic data including inflation, exchange rates and the stock market. This makes the index an important indicator of the medium-term future of the German economy.
The indicator has been on a steady downward trend since February 2011, marking sixteen consecutive months of lower readings. Last month, the indicator hit an alarming -55.2, and there seems to be no end in sight to this gloomy picture. The markets are predicting a further drop for December, albeit very slight, to -55.7.
Sentiments and levels
Europeans leaders seem unable or unwilling to implement badly need measures to resolve the eurozone debt crisis, which, of course, will not simply disappear on its own. The Euro will continue to be affected by the crisis, and recent interest cuts by the ECB makes the Euro less attractive against other currencies.
Technical levels, from top to bottom: 1.3650, 1.3550, 1.3480, 1.3420, 1.3380, 1.3280, 1.3212, 1.3145, and 1.3080.
5 Scenarios
1. Within expectations: -61 to -49: In such a case, the Euro is likely to rise within range, with a small chance of breaking higher.
2. Above expectations: -48.9.9 to -44: An unexpected higher reading can send EUR/USD well above one resistance line.
3. Well above expectations: Above -44: This would indicate more confidence in the German economy. A second resistance line might be broken on such an outcome.
4. Below expectations: -66 to -61.1: A sharper decrease than forecast could push EUR/USD below one support level.
5. Well below expectations: Below -66: This scnenario is unlikely, due to relatively stable economic German indicators. In this scenario, the Euro will drop, and could break two or more support levels.
Source: forexcrunch.com
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