The Forex Trading Blog

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    September 2010
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    Fibs and pivots rules the day today. They helped with direction, entry and exit. With no news on the calendar today, direction from the London open held and the US dollar continued it strengthening move. We even had full correllation. A modest, yet profitable trading session! Live FOREX Training | Everyday! http://www.fxbootcamp.com

    Duration : 0:15:43

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    No currency correlation today amoungst the majors. We scanned the market cautiously, looking for an isolated conservative/repeatable trade. The EUR/USD was our best shot. Live FOREX Training | Everyday! http://www.fxbootcamp.com

    Duration : 0:12:24

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    For the first time in THIRTY YEARS, the Canadian dollar has reached parity with the U.S. dollar. Join veteran trader Bill Poulos as he takes you day-by-day through a series of trades in this unique Forex pair. For more information, visit http://www.forexaccelerator.com

    Duration : 0:9:27

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    Wow, what a day. The forex market really moved. The US Session openned at a 161.8% Fibonacci Level and M4 Pivot Point. That is usually what the markets look like at the end of the trading day! With so much news on the calendar, you really had to play it cool and wait for an entry point. If you did, you were rewarded with one last extension in the direction of the prevailing trend. LIVE FOREX TRAINING | EVERYDAY! HTTP://WWW.FXBOOTCAMP.COM

    Duration : 0:8:15

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    StrategyDepot.com Forex Trading Strategy presentation. Visit us today at StrategyDepot.com for Unlimited Access to all Forex Strategy eBooks, Training Videos, Forex Training Articles, and MetaTrader 4 Experts.

    Duration : 0:4:47

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    Trading professional Bill Poulos explains how to identify trending forex pairs using the ADX. For more information, visit http://www.ForexAccelerator.com

    Duration : 0:9:9

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    Besides the trades that we execute, these recaps are becoming more and more important for the procedures which we use to analyze the trade, and the different tools we have in our toolbox to correctly ess the situation and make a good trade. Lets go over the different procedures we follow which hopefully culminate in a profit.

    On the GBP/JPY, 1h charts, what we were looking for is a Hidden Bullish Divergence – waiting for price to come and find support at a Fibonacci Fan level. When it did so, we went Long on this pair, and managed to capture some profit on the upmove. This was a decent trade, but he point is that we identify a situation and use our tools to let price give us a confirmation.

    Similarly, on the EUR/JPY 30 min charts, we identified a 1-2-3 Pattern. This is something that can serve as an excellent pullback indication. Different tools are to be used on different patterns. In case of this 1-2-3 Pattern, we used the Fibonacci Expansions to plot our targets. We walked out with a clean 45 points profit. We do not know where prices would go after this point, so we do not risk our account.

    Another “bread and butter” system is the Daily Pivots. On the EUR/CHF this strategy works surprizingly well. Our Momentum Value indicator is showing Longs for the day, and we waited for the price to find support at a Pivot level, waited for a Trendline Break, went in clean upon the break of the trendline, and proceeded with our money management procedures, moving up stops, and targeting the expected high range of the day.

    Visit http://www.fxinstructor.com to learn more.

    Duration : 0:4:6

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    A big move for the dollar that started right at the London open and seemed to stop right at the New York open. Why? Perhaps it was the 161.8% Fibonacci Extension in its way… Live FOREX Trading | Everyday! http://www.fxbootcamp.com

    Duration : 0:6:51

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    The Palm Beach County Chapter of the Surfrider Foundation is a grassroots, non-profit, environmental organization that works to protect our oceans, waves, and beaches. Founded in 1997 by Tom Warnke, the Palm Beach County Chapter is only one of 60 chapters located along the East, West, Gulf, Hawaiian, and Puerto Rican coasts.

    Duration : 0:4:19

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    Not much happened during the European session today and there is nothing on the calendar for the US Session. Doesn’t seem like much of a trading day eh? Well Fibs, Pivots and Moving Averages all point up for the EUR/USD. So the only question is where the entry/exits points should be for a short USD trade. LIVE FOREX TRAINING | EVERYDAY! HTTP://WWW.FXBOOTCAMP.COM

    Duration : 0:5:50

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