Featured Manual System
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admin
Monday, February 15, 2010
Sniper Forex is a manual indicator system that uses a precision algorhythm to provide precise entry and exit points. It has been designed for MetaTrader mt4, a leading, widely available trading platform.
The system comprises three trigger lines, with...
Featured Automated System
By
admin
Monday, February 15, 2010
How the little-known “Thought Experiment” of a WWII computer genius is quietly making a small circle of Forex nerds richer than rock stars!
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Recent Additions
Taking a Step Back
By
dailyfx -
Last updated: Saturday, February 27, 2010
My last three trades have all been stopped out, and I’m obviously not in good sync with the market. I may just have to go back to basics entirely and rely 100% on my favored Systems Trading, refraining from discretionary trades until I get a better...
Go Flat EURUSD
By
dailyfx -
Last updated: Saturday, February 27, 2010
Risk-averse traders have been hedging their long EURUSD exposure since the Greek debt crisis emerged. So it’s not surprising that EURUSD put options have become increasingly more expensive than call options. Indeed, EURUSD put options are 1.5 percent...
NZDUSD Pending
By
dailyfx -
Last updated: Saturday, February 27, 2010
I have been waiting for further NZDUSD weakness but the pair has remained above 0.6800 which is the level I am targeting for entering a short position. The pair continues to trade along the 200-Day SMA at 0.6942 which is a major technical level and a...
BUY EURSEK @9.6650
By
dailyfx -
Last updated: Friday, February 26, 2010
One of the few cross currencies that are so stretched at present and with the daily RSI well below 30, we like the idea of looking to build a long position a little lower down. The market is now at its lowest levels since 2008 and is fast approaching...
Short AUDUSD
By
dailyfx -
Last updated: Friday, February 26, 2010
AUDUSD has produced an Evening Doji Star bearish reversal candlestick pattern that has also offered a daily close below the lower boundary of a support-turned-resistance price congestion region at 0.8937. I will enter short from here, initially targeting...
Taking a Step Back
By
dailyfx -
Last updated: Friday, February 26, 2010
My last three trades have all been stopped out, and I’m obviously not in good sync with the market. I may just have to go back to basics entirely and rely 100% on my favored Systems Trading, refraining from discretionary trades until I get a better...
Remain Short EURGBP and GBPUSD, Pending GBPCHF Long
By
dailyfx -
Last updated: Friday, February 26, 2010
Looking back over the headlines of the last 36 hours, there has been virtually no news or economic release to discourage confidence on the British pound. In contrast, the data behind the euro has deteriorated dramatically and the situation with Greece...
Stay Short GBPUSD
By
dailyfx -
Last updated: Friday, February 26, 2010
I added fresh short GBPUSD positions at 1.5500 and today’s break below support at 1.5344-50.0% Fibo justifies the position and may warrant additional positions. I am a little reluctant with the BoE rate decision looming. The central bank has continued...
Exit GBPJPY
By
dailyfx -
Last updated: Friday, February 26, 2010
The GBPJPY weakened for the sixth-day, with the exchange rate slipping to a fresh yearly low of 135.85, and it certainly seems that I have gotten ahead of myself as the daily RSI slips into oversold territory. The sharp overnight decline tapped out the...
Remain Short GBPUSD
By
dailyfx -
Last updated: Thursday, February 25, 2010
I initially sold GBPUSD at 1.5765. Prices are now pushing through near-term support at the bottom of a falling channel established from the swing high in mid-November having re-tested major support-turned-resistance at the 1.58 figure and I will remain...