By
MyForexEdge on Friday, August 27th, 2010 |
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Forex Trade Alert for – Symbol GBP/USD.
<Forex Trade Alert for Friday Aug 27, 2010>
On Aug-27-2010 a candlestick formation confirmed a buy signal. 4xGenie Action: ==> BUY GBP/USD @ 1.5596. Stop at 1.5352. Wave 5 could rise up to 1.5813 or to 1.6000. Today's candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here!
Next Day Trading Ranges for Friday Aug 27, 2010
The [R3] or the most extreme high trading range is 1.5551.
The [R2] or the extreme high trading range is 1.5543.
The [R1] or the high trading range is 1.5530.
The [P] or pivot point is 1.5522.
The [S1] or the low trading range is 1.5509.
The [S2] or the extreme low trading range is 1.5501.
The [S3] or the most extreme low trading range is 1.5488.
Next Day Alternate Stops for Friday Aug 27, 2010
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Technorati Tags: currency pair, currency trading, Foreign exchange market, forex signal, forex trade alert, Trading Forex Markets
By
MyForexEdge on Wednesday, August 25th, 2010 |
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Trade Alert for AUDNZD
Trade Alert for Wednesday Aug 25, 2010
On Aug-25-2010 a candlestick formation confirmed a buy signal. 4xGenie Action: ==> Buy this currency pair AUD/NZD at 1.2712 or better. Stop at 1.2474. Wave 3 could rise up to 1.2878 or to 1.3111. Today's candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here!
Next Day Trading Ranges for Wednesday Aug 25, 2010
The 20 day moving average of the daily trading range is 102 PIPS and the 60 day moving average of the daily trading range is 101 PIPS. This shows that volatility has increased in the short term. The percentage of updays when the open/low ratio is less than 25% is 61.78 percent. This means that if this currency pair AUD/NZD does not drop more than 26 PIPS from the opening price then there is a 61.78 percent chance that this will be an upday.
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Technorati Tags: currency pair, currency trading, forex signals, forex trade alert
By
MyForexEdge on Wednesday, August 18th, 2010 |
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Trading Forex Markets.
Forex Trade Alerts.
2nd Wave Up GBPCHF1440 Symbol: GBPCHF1440 As of Aug-17-2010
Stop of 1.6303 was reached on Aug-16-2010. 4xGenie Action: ==> Remain out of this market! This trade gained 0.0367
Next Day Trading Range.. High: 1.6322 Low: 1.6246
Next Day Breakout Points High: 1.6353 Low: 1.6201
Price Projections……. 1st: 1.7078 2nd: 1.7552
Current Price Activity.. Open: 1.6276 High: 1.6308
Low: 1.6232 Close: 1.6291
3rd Wave Up GBPJPY1440 Symbol: GBPJPY1440 As of Aug-17-2010
A second entry stop of 134.1900 was reached on Aug-11-2010. 4xGenie Action: ==> Remain out of this market! This trade loss -0.7300
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Technorati Tags: currency pair, currency trading, Foreign exchange market, forex signals, forex trade alert, Trading Forex Markets
By
MyForexEdge on Saturday, August 7th, 2010 |
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Forex Trade Alert for EUR/JPY
<Forex Trade Alert for Friday Aug 06, 2010>
On Aug-06-2010 a candlestick formation confirmed a buy signal. 4xGenie Action: ==> Buy this
currency pair EUR/JPY at 113.48 or better. Stop at 111.40. Wave 3 could rise up to
115.71 or to 117.50. Today's candlestick appears in the yellow shaded area of the chart. This
reflects strong consolidation here!
TRENDLINE ALERT: Resistance level of 113.33 was broken today. Look for a possible rise to the
next resistance level.
Next Day Trading Ranges for Friday Aug 06, 2010
The 20 day moving average of the daily trading range is 150 PIPS and the 60 day moving average of
the daily trading range is 187 PIPS. This shows that volatility has decreased in the short term. The
percentage of updays when the open/low ratio is less than 25% is 52.78 percent. This means that if
this currency pair EUR/JPY does not drop more than 37 PIPS from the opening price then there is a
52.78 percent chance that this will be an upday.
The [R3] or the most extreme high trading range is 115.0433.
The [R2] or the extreme high trading range is 114.3667.
The [R1] or the high trading range is 113.9333.
The [P] or pivot point is 113.2567.
The [S1] or the low trading range is 112.8233.
The [S2] or the extreme low trading range is 112.1467.
The [S3] or the most extreme low trading range is 111.7133.
Next Day Alternate Stops for Friday Aug 06, 2010
The red line to the right on your chart is an extreme support or resistence level for the next
trading day.
A good alternative stop is one which is placed just beyond this extreme support/resistance level.
In this particular case if the price drops below 112.14 then that would show momentum against
4xGenie's long position and that would be a break out to the downside.
Please Note: These support/resistance levels are calculated by using the previous day's trading
range. Normal volatility may cause a breakout of this value once every 4 or 5 days when prices
consolidate.
Current Day Trading Session:
New momentum to the upside has just started.
Next Day Trading Session:
If the next day's close is below 113.31 then that could be a sign that the current upward
momentum is reversing.
4xGenie Support Team.
Technorati Tags: currency trading, euro, Foreign exchange market, Forex, forex signals, forex trade alert, jpy
By
MyForexEdge on Monday, July 19th, 2010 |
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Trade Alert for – Symbol XAU/USD Description GOLD
Gold
Gold found support at $1200; reversal above resistance at $1220 would indicate an advance to $1380. Breakout above $1260 would confirm, while retreat below the rising trendline would warn of another test of primary support at $1060. Momentum respect of the zero line (from above) would indicate continuation of the primary up-trend.
Trade Alert for Gold Monday Jul 19, 2010.
On Jul-07-2010 a candlestick formation confirmed a buy signal. 4xGenie Action: Maintain long position. Stop at 1184.80. Wave 5 could rise up to 1364.78 or to 1433.17. NOTE: The width of the Bollinger Bands has started to narrow which indicates that prices are beginning to consolidate.
Next Day Trading Ranges for Monday Jul 19, 2010.
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Technorati Tags: Bollinger Bands, gold outlook, Investing, Moving average, Pivot point, spat gold, Support and resistance
By
MyForexEdge on Sunday, July 4th, 2010 |
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Forex Trade Alert for GBPCHF .
Forex Trade Alert for Friday Jul 02, 2010.
On Jul-02-2010 a candlestick formation confirmed a buy signal. 4xGenie Action: ==> Buy this
Currency Pair GBP/CHF at 1.6334 or better. Stop at 1.5947. Wave 3 could rise up to 1.7194 or
to 1.7668. NOTE: The width of the Bollinger Bands is expanding which indicates that prices are
trending. The CCI is below -100. This commodity or security is oversold at this time.
Next Day Trading Ranges for Friday Jul 02, 2010.
The 20 day moving average of the daily trading range is 186 Pips and the 60 day moving average of
the daily trading range is 195 Pips. This shows that volatility has decreased in the short term. The
percentage of updays when the open/low ratio is less than 25% is 63.97 percent. This means that if
this Currency Pair GBP/CHF does not drop more than 47 Pips from the opening price then there is a
63.97 percent chance that this will be an upday.
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Technorati Tags: currency pair, Foreign exchange market, forex signal, forex trade alert, Pivot point
By
MyForexEdge on Saturday, June 12th, 2010 |
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Trading Forex Markets.
Foreign currency trading, in a fast and exciting, to take advantage of movements in the financial world.
Smart investors are able to anticipate and take advantage of fluctuations in the value of a currency linked to another. A highly leveraged account, a trader starts with only $ 300, and monitoring of thousands of dollars of foreign exchange. Even a change in the value of the currency may be only half a percent up to a total of several thousand dollars!
Of course, you can not to make money without a lot of practice. Before you even think about investing your own money, it is essential to use the broker's demo function to get used to the trading platform, and test strategies.
Without years of experience, and a lot of information at your fingertips, you can not really expect to create a trading strategy on your own. Fortunately, there are several investors, who discovered successful strategies, and are willing to share or sell them for a reasonable price.
First steps in the investment in currency trading (Forex) is easy! Everything you need to do is find a reputable broker and open an account. Then, simply fund the account, learn the basics of forex trading, and you're on your way.
Technorati Tags: currency trading, foreign currency, forex broker, forex trading
