Pair Bid Change % Open High Low Close Time
USDAED 3.6731 0.0001 0.0027 3.673 3.6731 3.6727 3.6731 Mon, Apr 20 2009, 07:30 GMT
USDARS 3.674 -0.006 -0.163 3.68 3.68 3.674 3.674 Mon, Apr 20 2009, 07:30 GMT
USDBRL 2.1935 0 0 2.1935 2.1935 2.177 2.1935 Mon, Apr 20 2009, 07:30 GMT
USDCLP 576.8 -2.7 -0.4659 579.5 579.5 576.8 576.8 Mon, Apr 20 2009, 03:18 GMT
USDCNY 6.8334 -0.0001 -0.0015 6.8335 6.8353 6.8284 6.8334 Mon, Apr 20 2009, 07:32 GMT
USDCZK 20.696 0.183 0.8921 20.513 20.76 20.47 20.696 Mon, Apr 20 2009, 07:36 GMT
USDEGP 5.6335 0 0 5.6345 5.6345 5.632 5.6335 Mon, Apr 20 2009, 06:37 GMT
USDHKD 7.7501 0.0001 0.0013 7.75 7.7506 7.7465 7.7501 Mon, Apr 20 2009, 07:34 GMT
USDHUF 228.22 1.67 0.7371 226.53 229.67 226.15 228.22 Mon, Apr 20 2009, 07:36 GMT
USDIDR 10690 -60 -0.5581 10750 10750 10690 10690 Mon, Apr 20 2009, 03:15 GMT
USDILS 4.1992 0.0372 0.8938 4.1617 4.2063 4.1582 4.1992 Mon, Apr 20 2009, 07:35 GMT
USDINR 49.965 0.185 0.3716 49.86 50.1 49.52 49.965 Mon, Apr 20 2009, 07:36 GMT
USDIRR 9978 0 0 9978 9978 9975 9978 Mon, Apr 20 2009, 07:30 GMT
USDISK 128.24 1.41 1.1117 128.24 128.24 128.24 128.24 Fri, Apr 17 2009, 11:03 GMT
USDJOD 0.708 0.001 0.1414 0.707 0.709 0.7041 0.708 Mon, Apr 20 2009, 07:30 GMT
USDKRW 1335 7.9 0.5953 1320 1347.5 1320 1335 Mon, Apr 20 2009, 07:20 GMT
USDKWD 0.29165 -0.00032 -0.1096 0.29174 0.29232 0.29125 0.29165 Mon, Apr 20 2009, 07:30 GMT
USDMXN 13.1592 0.0306 0.2331 13.09 13.1666 13.09 13.1592 Mon, Apr 20 2009, 07:23 GMT
USDMYR 3.6305 0.014 0.3871 3.6205 3.6405 3.618 3.6305 Mon, Apr 20 2009, 07:33 GMT
USDPHP 48.07 0.41 0.8603 47.65 48.15 47.65 48.07 Mon, Apr 20 2009, 07:35 GMT
USDPKR 80.53 0.62 0.7759 80.4 80.56 79.98 80.53 Mon, Apr 20 2009, 07:20 GMT
USDPLN 3.3429 0.0456 1.3829 3.297 3.356 3.2962 3.3429 Mon, Apr 20 2009, 07:36 GMT
USDRUB 33.542 0.092 0.275 33.37 33.5552 33.37 33.542 Mon, Apr 20 2009, 07:30 GMT
USDSAR 3.75 -0.0002 -0.0053 3.7503 3.7504 3.74 3.75 Mon, Apr 20 2009, 07:36 GMT
USDSGD 1.5074 0.0068 0.4532 1.5006 1.509 1.5002 1.5074 Mon, Apr 20 2009, 07:36 GMT
USDTHB 35.54 0.1 0.2822 35.45 35.66 35.34 35.54 Mon, Apr 20 2009, 07:35 GMT
USDTRY 1.6175 0.0007 0.0433 1.6168 1.622 1.6066 1.6175 Mon, Apr 20 2009, 07:36 GMT
USDTWD 33.834 0.024 0.071 33.76 33.897 33.722 33.834 Mon, Apr 20 2009, 07:33 GMT
USDZAR 9.0088 0.0533 0.5952 8.9302 9.0423 8.9165 9.0088 Mon, Apr 20 2009, 07:36 GMT
Solution by InteractiveData Data Source: InteractiveData
Sunday, October 18, 2009
The decline in the Japanese
The decline in the Japanese stock market spurred a wave of growth for the Japanese yen today as the investors still unsure whether the recession trends are over or not yet.
The yen rose against all major currencies, while the dollar advanced against the high-yielders only (remaining stable against the British pound, which is no longer a risk currency). While the corporate reports in U.S. help some of their stocks to grow, the world is more skeptical about the growth with the Singapore and China expected to report economy cooldown.
The analysts say that the only real economy improvement currently happening is the U.S. housing sector recovering and the trade balance deficit decreasing. Other economies are yet to report declines in almost all sectors. Those reports will spur further yen’s growth, which may be accompanied by the U.S. dollar rising against some currencies.
EUR/JPY fell from 133.75 to 132.29 as of 9:46 GMT today. USD/JPY declined from 100.07 to 99.42, while GBP/JPY went down from 148.57 to 148.11 today.
The yen rose against all major currencies, while the dollar advanced against the high-yielders only (remaining stable against the British pound, which is no longer a risk currency). While the corporate reports in U.S. help some of their stocks to grow, the world is more skeptical about the growth with the Singapore and China expected to report economy cooldown.
The analysts say that the only real economy improvement currently happening is the U.S. housing sector recovering and the trade balance deficit decreasing. Other economies are yet to report declines in almost all sectors. Those reports will spur further yen’s growth, which may be accompanied by the U.S. dollar rising against some currencies.
EUR/JPY fell from 133.75 to 132.29 as of 9:46 GMT today. USD/JPY declined from 100.07 to 99.42, while GBP/JPY went down from 148.57 to 148.11 today.
These results destroyed the rumors
These results destroyed the rumors that, in the beginning of the week, were indicating an eventual improvement in America’s economy, which could confirm hopes that the international crisis scenario would be already in a process of melioration.
After the bullish rally which occurred during the past few days, analysts said that a correction process for the AUD and NZD could be expected, mainly taking into consideration the weakened U.S. retail sales data. Being the news from U.S. not the only factor that forced the Aussie and the kiwi down, commodity prices also showed a fall, creating all the necessary conditions for profiting with the major currencies traded with the AUD and NZD.
The AUD/USD traded at 0.7199, falling more than 80 pips in the intraday comparison. The NZD fell even more against the USD, being the pair traded at 0.5782 from yesterday’s level of 0.5880. The NZD/JPY was traded at 57.29, a significant decline from 58.65.
After the bullish rally which occurred during the past few days, analysts said that a correction process for the AUD and NZD could be expected, mainly taking into consideration the weakened U.S. retail sales data. Being the news from U.S. not the only factor that forced the Aussie and the kiwi down, commodity prices also showed a fall, creating all the necessary conditions for profiting with the major currencies traded with the AUD and NZD.
The AUD/USD traded at 0.7199, falling more than 80 pips in the intraday comparison. The NZD fell even more against the USD, being the pair traded at 0.5782 from yesterday’s level of 0.5880. The NZD/JPY was traded at 57.29, a significant decline from 58.65.
Great Britain pound
Great Britain pound traders’ optimism, suggested by the currency options market, indicate that a strong bullish sentiment against the euro is currently active on the Forex market.
For a period of more than 3 years, the euro remained in advantage against the pound in the currency options market. This tendency has been reversed, as traders are now paying 0.25 percentage-point for one-week call options on the pound if compared to puts. Call options are those where traders have the right to buy an asset, while put options oppositely, give the right to sell assets. The turning point in the EUR/GBP market occurred on April 3, and, since April 6, the market favored the pound in every day but one.
For a period of more than 3 years, the euro remained in advantage against the pound in the currency options market. This tendency has been reversed, as traders are now paying 0.25 percentage-point for one-week call options on the pound if compared to puts. Call options are those where traders have the right to buy an asset, while put options oppositely, give the right to sell assets. The turning point in the EUR/GBP market occurred on April 3, and, since April 6, the market favored the pound in every day but one.
The dollar collapsed
The dollar collapsed following the FOMC monetary policy decision in the Wednesday afternoon session. Although the Fed left its benchmark interest rate unchanged at 0%-0.25%, it announced additional measures to prop up the economy and loosen credit to the markets. The statement announced, “To provide greater support to mortgage lending and housing markets, the Committee decided to increase the size of the Fed’s Balance sheet further by purchasing up to an additional $750 billion of agency MBS, totaling $1.25 trillion this year, and to increase its purchases of agency debt this year by up to $100 billion to a total of up to $200 billion”. The Fed also announced the purchase of up to $300 billion of longer-term Treasuries in the next six months. The surprise move by the Fed was lauded by the US equity markets, sending the Dow Jones higher by over 1.5% and the S&P 500 sharply up by over 2.4%. However, the greenback sold off heavily – tumbling to a fresh two-month low against the euro at 1.3436.
GBP Recovers from Jobs
The pound was initially lower versus the dollar and euro, slipping to 1.3847 and 0.9414, respectively. Dragging the sterling sharply lower was a dismal report on the UK jobs data. The January ILO unemployment rate edged up in line with expectations to 6.5%, versus 6.3% in the previous month. The February claimant count spiked up by 138.4k, bringing jobless claims to 1.39 million – which marked its highest level in 38-years.
The rise of the yen
The rise of the yen was backed by weak numbers from the Chinese economy, which at the present levels, will make the unemployment unlikely to ameliorate, according to analysts. Even if, for the moment, several weak reports and unsatisfactory events worldwide are bringing investors to the safety of the yen, for some analysts, the long-term trend for the Japanese currency is bearish, based on the — yet to be proven — idea, that the worst moments of the global slump are already in the past.
In the intraday chart comparison, the USD/JPY was traded at 99.25 from 98.45. The EUR/JPY was traded at 131.05 from 130.45. The same movement was perceived with the NZD/JPY, rising from 56.95 to 57.55.
In the intraday chart comparison, the USD/JPY was traded at 99.25 from 98.45. The EUR/JPY was traded at 131.05 from 130.45. The same movement was perceived with the NZD/JPY, rising from 56.95 to 57.55.
Economists affirm
Economists affirm that even if the situation isn’t the best, the pressure on the Prime Minister is less intense, since it’s a natural consequence for the public opinion to improve following an economic rebound. Another fact regarded by analysts with optimist, refers to newspapers front covers, which are already not displaying catastrophic news on currencies. The pound had the worst perform last year from all major currencies, as a combination of rising unemployment and a collapsing real estate market struck the British economy.
The GBP/USD was traded at 1.4935 from 1.4873. In the European markets the EUR/GBP was traded at 0.8815 falling from 0.8875.
The GBP/USD was traded at 1.4935 from 1.4873. In the European markets the EUR/GBP was traded at 0.8815 falling from 0.8875.
Weekly jobless claims
The dollar and yen recouped sharp overnight selling against the majors in the New York session amid declines in the US equity market. The greenback recovered from a two-month low versus the sterling at 1.4956 toward the 1.4720-level, while pushing the euro off its highs near 1.3582 to beneath the 1.34-handle. By afternoon trading, the Dow Jones is lower by 1.4% and the S&P 500 and Nasdaq both down by over 1.7%. The Fed announced currency swaps with the Bank of England, European Central Bank, Bank of Japan and the Swiss National Bank, thus providing additional liquidity to the global financial markets. The Fed said, “should the need arise, euro, yen, sterling and Swiss francs would be provided to the Federal Reserve via these additional swap arrangements with the relevant central banks”. It also added that “central banks continue to work together and are taking steps as appropriate to foster stability in global financial markets”. With last week’s dismal jobs data out of the way, the economic reports slated for release in this holiday-shortened week are light, consisting of February wholesale inventories, February trade deficit and weekly jobless claims.
Risk Aversion benefits USD & JPY
The dollar and the yen advanced at the start of the week amid increased risk aversion from a bailout proposal of the US auto industry. The equity bourses tumbled, with the Dow Jones and S&P 500 both plunging by over 3%, while the Nasdaq dipped by 2.8%. Euro Recovers above 1.32The euro edged back above the 1.32-level in the early Asian session, rebounding from Monday’s lows against the dollar to above the 1.3250-level. Traders will focus on the ECB monetary policy decision later in the week. Markets are expecting the European Central Bank to cut rates aggressively, slashing the benchmark interest rate by 50-basis points to 1%. The subsequent press conference by Bank President Trichet will also be closely scrutinized for hints of whether additional policy easing can be anticipated over the coming quarters.
RBA Cuts Benchmark Lending Rate
The Aussie remained within range against the greenback following a 25-basis point rate cut by the Reserve Bank of Australia to its lowest level in nearly half a century to 3.0%. In the accompanying statement however, the Bank provided few details as to whether additional policy easing can be expected over the coming months. The RBA continued to acknowledge that Australia’s economy is contracting, with capacity utilization falling from its peak, demand for labor declining and expectations for growth in labor costs seen further easing. Lastly, the Bank tempered the outlook for additional rate cuts, stating the current “stance of monetary policy will provide significant support to domestic demand over the period ahead”.
From minus 35 in March
the annualized CPI figure fell by 0.4% compared with +0.2% a year earlier. The core CPI figures increased by 0.2% on a monthly basis while the remaining unchanged at 1.8% on a yearly basis. The NY Fed manufacturing survey for April improved to -14.65 from a month earlier at -38.23. Industrial output was unchanged in March, falling by 1.5%, while capacity utilization eased to 69.3% from 70.2%. Lastly, the NAHB housing market index unexpectedly improved to 14 in April, beating expectations for an increase to 10 from 9 in March.The calendar for Thursday consists of weekly jobless claims, March housing starts, housing permits and Philadelphia Fed survey. Weekly jobless are seen creeping up to 655k from 654k. Housing starts in March are expected to decline to 550k units, down from 583k units, while housing permits are seen easing to 550k from 564k a month earlier. Lastly, the April Philadelphia Fed business survey is estimated to improve to minus 32 from minus 35 in March.
Risk Aversion Props USD, JPY
The safe haven currencies continue to benefit from further declines in the US stock market, with the dollar and the yen edging higher across the board. The equity market will likely continue to dictate direction as traders closely scrutinize corporate earnings reports in the coming weeks to gauge the impact of the recession on US corporations. The major equity bourses further relinquished recent gains, as the Dow Jones and Nasdaq were both lower by over 2% while the S&P 500 slumped by 1.9% in the afternoon session.
Our Forex Trading goal
Our Forex Trading goal is to provide our visitors with the best trading strategies available. We work exclusively with Forex brokers who specialize in news trading, and also include extensive reviews on the best in the business. Any relevant and helpful information related to Forex news trading can be found on this site.
There are many trading methods that exist to help you succeed as a trader, but there also many factors you need to consider before you execute your trades. Each news event moves differently. What we do is provide you with techniques and systems on how to trade these major news events. How can you maximize your gains and limit your loses? Not easily done, unless you truly know what you are doing.
Forex News Trader will teach you the moves you need to make. In volatile or fast moving markets, such as news trading events, it is imperative to be completely focused and on top of your game. You need to constantly learn new styles and techniques if you want to stay ahead.
Whether you profit, or end up like the other 95% of traders, depends on your ability, knowledge, patience, and how the market moves that day. With such a large world market there are numerous opportunities to pull profits on a consistent basis.
There are many trading methods that exist to help you succeed as a trader, but there also many factors you need to consider before you execute your trades. Each news event moves differently. What we do is provide you with techniques and systems on how to trade these major news events. How can you maximize your gains and limit your loses? Not easily done, unless you truly know what you are doing.
Forex News Trader will teach you the moves you need to make. In volatile or fast moving markets, such as news trading events, it is imperative to be completely focused and on top of your game. You need to constantly learn new styles and techniques if you want to stay ahead.
Whether you profit, or end up like the other 95% of traders, depends on your ability, knowledge, patience, and how the market moves that day. With such a large world market there are numerous opportunities to pull profits on a consistent basis.
business to Forex
An Introducing Broker (IB) is a an entity that brings business to Forex dealing firms such as FXCM, GAIN or FXDD. These are firms that you will most likely be trading. By using an IB and receiving a volume rebate, you will increase your Forex trading success and minimize your transaction costs.
Doesn’t using a middle man normally cost you more? Here’s how it works. When you open an account through an IB you still see the same spreads and pricing at the dealer of your choice. You receive the same level of great customer service from your dealer, plus you have the personalized customer service touch of the IB. The IB is only compensated by the dealing firm through the bid ask spread. So it costs you nothing to work with them. The dealing firm makes a little bit les, but I am sure you can live with that, right?
Now the great thing is that the IB will entice you to become a client by providing you with perks such as an instant bonus on deposits and volume rebates. The deposit bonus will put your account up before you even make your first trade. The volume rebates will put money into your pocket for every lot your trade. In the example above with a $5 IB volume rebate your $1,000 loss will instantly turn into a $1,500 profit.
You are going to trade anyway. Why not enhance your chances of success with the IB volume rebate? For more detailed information about this Forex trading rebate, please fill out the form.
var addthis_pub = 'rsobin';
var addthis_language = 'en';var addthis_options = 'email, favorites, digg, delicious, myspace, google, facebook, reddit, live, more';
Doesn’t using a middle man normally cost you more? Here’s how it works. When you open an account through an IB you still see the same spreads and pricing at the dealer of your choice. You receive the same level of great customer service from your dealer, plus you have the personalized customer service touch of the IB. The IB is only compensated by the dealing firm through the bid ask spread. So it costs you nothing to work with them. The dealing firm makes a little bit les, but I am sure you can live with that, right?
Now the great thing is that the IB will entice you to become a client by providing you with perks such as an instant bonus on deposits and volume rebates. The deposit bonus will put your account up before you even make your first trade. The volume rebates will put money into your pocket for every lot your trade. In the example above with a $5 IB volume rebate your $1,000 loss will instantly turn into a $1,500 profit.
You are going to trade anyway. Why not enhance your chances of success with the IB volume rebate? For more detailed information about this Forex trading rebate, please fill out the form.
var addthis_pub = 'rsobin';
var addthis_language = 'en';var addthis_options = 'email, favorites, digg, delicious, myspace, google, facebook, reddit, live, more';
Forex Trading Signals
Listed below are some of the more well known companies that offer Forex Signals. Committing yourself to one of these companies for at least one month will help you know if this is the right strategy for you. Not all signal services are created equal.
Forex Live on the News - This is a news trading service hosted by Dustin Pass. A well known trader that manages accounts and offers signal service for all kinds of traders. News trading can be difficult, but Dustin seems to find a way to trade successfully.
Forex Live on the News - This is a news trading service hosted by Dustin Pass. A well known trader that manages accounts and offers signal service for all kinds of traders. News trading can be difficult, but Dustin seems to find a way to trade successfully.
USD Edges Higher on Data
The dollar was slightly firmer against the majors in the Wednesday session, pushing the euro off its session highs just shy of the 1.33-level toward the 1.32-handle and recovering above the 1.50-level versus the sterling. US equities were largely flat on the day with traders eyeing key earnings reports scheduled for the remainder of the week including JP Morgan, Citigroup and GE. The major driver of FX market moves continues to be global equity direction, with safe haven flows benefiting the dollar and yen. Economic data released earlier from the US included March CPI, NY Fed manufacturing, industrial output, capacity utilization, net capital flows and the NAHB housing market index. The March CPI declined by 0.1% versus an increase of 0.4% in the previous month, while the annualized CPI figure fell by 0.4% compared with +0.2% a year earlier.
New update
Although A$ has recovered after the selloff to0.7198 (Aust.) n minor consolidation is seen, astemp. top has been formed y'day at 0.7328, reckon0.7250/60 wud limit upside n bring retracement ofrecent upmove to 0.7198 n then 0.7150/60.Sell on pullback with stop as indicated, abv wuddefer n risk gain to 0.7300/02...Range Forecast0.7220 / 0.7260Resistance/SupportR: 0.7302/0.7328/0.7360S: 0.7198/0.7187/0.7150
Participants from 9 various countries
1624 participants from 9 various countries worldwide were registered for a participation in the competition, 1605 traders have taken active part in the competitive trading. The funds total admitted to the trading at the moment of the beginning of the competition makes up 160 500 000 US dollars, at the ending of the competition this sum has made up 169 821 994, 5 US dollars taking into account negative balances of participant deposits.The competition winner is a trader from Russia; he opened his competitive account in the company Straighthold Investment Group, Inc, being a part of the group of companies LiteForex. The 2nd and 5th places were taken by the traders from Belarus, the 3rd and 8th – the traders from Ukraine, the 4th – the trader from Lithuania, the 6th and 7th places also were taken by Russians.« it’s impossible to tell about a considerable superiority of someone among winners », - comments, the final results of trading competition, the marketing director of the group of companies LiteForex Simeon Rakhmanov, - « the gap between contenders for various places was estimated at the tenth parts of a point, as well as a difference between prize-winning and not prize-winning rating positions».The most successful trading was the trading of the winner, in the true sense of the word, – the trader managed to increase his deposit by 50 % and following the strict competitive rules of trade-keeping. Also the Russian managed to come to the ending of the competition with the smallest deposit: the trader has kept only 40039.51 on the competitive deposit from initial 100 000 US dollars.The prize-winning sums will be deposited into accounts specified by the winners during three bank days and its can be used by their owners discretion with no restrictions.
The winners of a trader
The winners of a trader competition at forum ForexPeoples.com are declared and rewardedOn the 6th of March, 2009 the active trading of the competition has ended, it was conducted by the forum ForexPeoples.com with support of the group of companies LiteForex. On March, 13th, as well as it was announced before in the competition conditions, the final results are sum upped and the competition winners are published, the won sums are deposited into their trading accounts – 800, 500, 300, 200, 100, 50, 30 and 20 US dollars for 1, 2, 3, 4, 5, 6, 7 and 8 places in the rating table respectively
Forex News Trader
How do the majority of profitable Forex traders truly profit in the FX market? One way… they trade the news!
Forex News Trader was developed to give traders the edge they need to learn how to trade based on economic news events from around the world. The same edge the institutions use to make hundreds of millions and even billions of dollars in profit each year.
Forex News Trading will provide you with the information you need to give you a true insider’s understanding of the Forex markets. You will feel confident in your trading, and never doubt your trades again.
Does this mean you will win every trade? No, of course not, but armed with the knowledge Forex News Trader will provide you, you will never be afraid to take that next trade - as the odds will now be tipped in your favor.
Each and every month there are a tremendous number of news releases for the Off Exchange Retail Foreign Currency Market (FOREX). Many of these events and announcements move the markets considerably. But how do you properly capitalize on these moves? Get it wrong and you could be wiped out. Get it right and you can be in a small group of trading elite, consistently pulling pips out of the market each and every week.
Forex News Trader was developed to give traders the edge they need to learn how to trade based on economic news events from around the world. The same edge the institutions use to make hundreds of millions and even billions of dollars in profit each year.
Forex News Trading will provide you with the information you need to give you a true insider’s understanding of the Forex markets. You will feel confident in your trading, and never doubt your trades again.
Does this mean you will win every trade? No, of course not, but armed with the knowledge Forex News Trader will provide you, you will never be afraid to take that next trade - as the odds will now be tipped in your favor.
Each and every month there are a tremendous number of news releases for the Off Exchange Retail Foreign Currency Market (FOREX). Many of these events and announcements move the markets considerably. But how do you properly capitalize on these moves? Get it wrong and you could be wiped out. Get it right and you can be in a small group of trading elite, consistently pulling pips out of the market each and every week.
This section is updated
This section is updated on an intraday basis. To ensure that you access the latest available material at all times, you should click on Refresh or Reload before viewing your required document.
This page contains daily, weekly, monthly, quarterly and full year views on the three major currency pairs of EUR/USD, USD/JPY and EUR/JPY.
Contains a full range of views of currencies against the Yen - USD, EUR, GBP, CHF, AUD, CAD and SGD.
A variety of European cross rates and major currencies against the Euro can be found on this page.
Comprehensive analysis of GBP against the USD, EUR, JPY, CHF and AUD over the full range of periods.
This page has a wide range of Asian and Pacific currencies against the USD, GBP, JPY and each other.
This final page contains views on markets other than Foreign Exchange
This page contains daily, weekly, monthly, quarterly and full year views on the three major currency pairs of EUR/USD, USD/JPY and EUR/JPY.
Contains a full range of views of currencies against the Yen - USD, EUR, GBP, CHF, AUD, CAD and SGD.
A variety of European cross rates and major currencies against the Euro can be found on this page.
Comprehensive analysis of GBP against the USD, EUR, JPY, CHF and AUD over the full range of periods.
This page has a wide range of Asian and Pacific currencies against the USD, GBP, JPY and each other.
This final page contains views on markets other than Foreign Exchange
Two principles to trading
If there are two principles to trading that most traders ignore, it is risk management and proper position sizing. Over a course of many trades, even with a robust strategy, performance will suffer if proper position sizing is not implemented.
Now, with the assistance of Aspen Trading Group’s FX Risk / Position Size Calculator you can immediately determine the correct amount of forex lots to trade each time while also knowing your total risk exposure as a percentage of your portfolio.
Simply plug in your starting capital, amount you wish to risk per trade as a percentage of your capital and your stop loss price. Instantly the results will be displayed.
"Why do I need to adjust my position size, I normally trade the same amount each time?"
Your performance will vary significantly, for better or worse, if you do not risk a consistent amount on each trade. If a trade has a large stop loss and you trade the same size as you would if the stop loss was far less, the amount of risk you incur increases greatly. Let's look at an example.
A sampling of 100 trades from our FX Alert Service provides a great example. Trader A took all 100 trades and adjusted the size of each trade to risk roughly 1.5% of their account versus Trader B who traded 5 FX-mini lots throughout. Based on a starting equity of $20,000, look at the difference:
Total Returns:
Trader A 38.2%
Trader B 14.8%
Same trades; dramatically different results.
Now, with the assistance of Aspen Trading Group’s FX Risk / Position Size Calculator you can immediately determine the correct amount of forex lots to trade each time while also knowing your total risk exposure as a percentage of your portfolio.
Simply plug in your starting capital, amount you wish to risk per trade as a percentage of your capital and your stop loss price. Instantly the results will be displayed.
"Why do I need to adjust my position size, I normally trade the same amount each time?"
Your performance will vary significantly, for better or worse, if you do not risk a consistent amount on each trade. If a trade has a large stop loss and you trade the same size as you would if the stop loss was far less, the amount of risk you incur increases greatly. Let's look at an example.
A sampling of 100 trades from our FX Alert Service provides a great example. Trader A took all 100 trades and adjusted the size of each trade to risk roughly 1.5% of their account versus Trader B who traded 5 FX-mini lots throughout. Based on a starting equity of $20,000, look at the difference:
Total Returns:
Trader A 38.2%
Trader B 14.8%
Same trades; dramatically different results.
Forex Money Management Calculator
The following form will help you to determine the best size of your position. The system adjusts the size for the pair you trade, your equity, the entry and exit prices and, of course, the maximum risk per trade.
Depending on your account (equity, currency of the account) the pair you trade and the risk you accept on one trade, the programme will calculate the exact position sizing you have to use for your trade. Many brokers don't allow the possibility of trading with variable contract sizes so that's the reason why we've added the number of contracts you have to trade in the table. The risk and leverage are updated for each case.
Depending on your account (equity, currency of the account) the pair you trade and the risk you accept on one trade, the programme will calculate the exact position sizing you have to use for your trade. Many brokers don't allow the possibility of trading with variable contract sizes so that's the reason why we've added the number of contracts you have to trade in the table. The risk and leverage are updated for each case.
Forex Money Management Calculator
The following form will help you to determine the best size of your position. The system adjusts the size for the pair you trade, your equity, the entry and exit prices and, of course, the maximum risk per trade.
Depending on your account (equity, currency of the account) the pair you trade and the risk you accept on one trade, the programme will calculate the exact position sizing you have to use for your trade. Many brokers don't allow the possibility of trading with variable contract sizes so that's the reason why we've added the number of contracts you have to trade in the table. The risk and leverage are updated for each case.
Depending on your account (equity, currency of the account) the pair you trade and the risk you accept on one trade, the programme will calculate the exact position sizing you have to use for your trade. Many brokers don't allow the possibility of trading with variable contract sizes so that's the reason why we've added the number of contracts you have to trade in the table. The risk and leverage are updated for each case.
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More importantly, though, the data would highlight that inflation remains well below the ECB’s 2.0 percent inflation target. If Eurostat confirms this at 5:00 ET, or revises the results to the downside, the euro could pull back sharply. On the other hand, if CPI is higher than anticipated, the currency could gain as the markets will speculate that the central bank may pause in their efforts to make monetary policy more accommodative.Canadian Dollar the Strongest of the Majors, New Zealand Dollar Faces CPI on ThursdayThe Canadian dollar beat out all of the majors on Wednesday, as the currency rallied 1.3 percent against the New Zealand dollar, Swiss franc, and Japanese yen. The currency also gained almost 1 percent versus the greenback as USD/CAD extended its bearish break from a multi-month triangle formation. The Australian dollar also held up fairly well, but the New Zealand dollar was hit hard and fell against every major currency, with the exception of the low-yielding Japanese yen and Swiss franc.Pairs like NZD/USD could come under further pressure during the next 24 hours as New Zealand's consumer price index is forecasted to have risen 0.3 percent during Q1, which would bring the annual rate down to a more than one year low of 3.0 percent from 3.5 percent. During Q4 2008, prices contracted for the first time in two years and by the most in ten years, so unless we see another surprise contraction during Q1, the news may not add to speculation that the Reserve Bank of New Zealand will cut rates again during their next meeting on April 29. As it stands, a Bloomberg News poll of economists is reflecting expectations for a 50 basis point cut to 2.50 percent, while Credit Suisse overnight index swaps are forecasting a 25 basis point reduction to 2.75 percent. As a result, this upcoming inflation report could be highly market-moving for the New Zealand dollar, but if inflation pressures prove to be stronger than anticipated, the currency could rally.Related Articles:
The Pound also saw weakness
The Pound also saw weakness on the dour global growth outlook which saw the sterling/dollar fall 200 pips from 1.5070 to 1.4870. Unlike the Euro the cable has had growing support as the pair took out the February 9trh high of1.4988 yesterday which leaves the 1/9 high of 1.5375 as the next barrier. Unless, we see a significant bout of risk aversion we expect the pound to continue its upward trajectory as the BoE has been ahead of the curb in providing liquidity to its markets which should start to bear fruit in the second half of 2009.
The dollar saw across the board gains during overnight trading as global growth fears were fueled by China’s weak GDP figures. U.S. markets shook off similar concerns yesterday but a source of recent optimism has been the expectations that China would rebound faster than originally expected. Now that this has been brought onto question focus will turn to the prospect of a U.S. recovery, which today’s economic docket will shed some light as we will see housing, employment and manufacturing data cross the wires.
The dollar saw across the board gains during overnight trading as global growth fears were fueled by China’s weak GDP figures. U.S. markets shook off similar concerns yesterday but a source of recent optimism has been the expectations that China would rebound faster than originally expected. Now that this has been brought onto question focus will turn to the prospect of a U.S. recovery, which today’s economic docket will shed some light as we will see housing, employment and manufacturing data cross the wires.
Housing starts are expected
Housing starts are expected to slip to 540,000 after February’s unexpected surge to 583,000. Meanwhile, initial jobless claims are expected to fall to 660,000 from 654,000 which should add to current growth fears as the fundamental data demonstrates that the labor market continues to deteriorate which will threaten any recovery in the housing sector and the broader economy. Therefore, we should continue to see dollar support if the domestic growth outlook follows the dimming global prospects. However, an unexpected improvement in these figures in conjunction with the expected improvement in the Philadelphia Fed manufacturing reading could help offset current pessimism and weigh on the green back. Additionally, JP Morgan Chase is due to report earnings and if they can continue the trend of positive earnings from the banking sector it could help fuel optimism.
The US dollar remains
The US dollar remains mixed across the majors as the currency has broken lower against the Canadian dollar, but has generally held to well-defined ranges versus the euro and New Zealand dollar. When it comes to the US dollar index, it is clear that price remains in an uptrend, unless we see a drop below 84.00. The forex markets didn’t show much of a response to this morning’s release of the US consumer price index (CPI), despite the fact that the headline reading contracted for the first time since 1955 on an annualized basis. Indeed, CPI fell 0.1 percent in March, dragging the annualized rate down to -0.4 percent, as energy prices fell by 3 percent. However, excluding food and energy, core CPI actually rose 0.2 percent and the annualized rate held steady at 1.8 percent. All told, this should be somewhat comforting to the Federal Reserve, as the minutes from the Federal Open Market Committee’s (FOMC) last meeting showed that “a few” members were concerned about deflation risks. Ultimately, we will need to see the core CPI results reflect similar declines to the headline readings before it can be said that the US is in the midst of deflation. That said, there is still the risk looming that it a protracted period of contracting prices will occur in late 2009 or 2010. The truth of the matter is that demand, especially for discretionary goods, is likely to fall much further as the unemployment rate climbs. In fact, the unemployment rate hit a more than 25-year high of 8.5 percent in March, and with initial and continuing jobless claims showing no signs of abating, the rate could ultimately breach the upper range of the FOMC’s projections of 9.2 percent, and perhaps reach double-digits.Looking ahead to Thursday, US housing starts and building permits are projected to reflect a steep drop in demand during March, which would mark a major reversal after starts surged 22.2 percent and permits rose 3.0 percent in February. Meanwhile, initial jobless claims are forecasted to have risen to 660k during the week ending April 11
Percent annual pace during March
continuing jobless claim may have hit another record high of 5893k during the week ending April 4. Finally, the Philadelphia Fed’s survey of manufacturing sector conditions is anticipated to have risen to -32 in April from -35, which would still mark a contraction in activity, albeit a less aggressive one.Euro Loses Nearly 1% Against British Pound on Divergent ECB, BOE Rate ExpectationsThe euro generally ended the day lower on Wednesday, as the currency lost ground to majors like the US dollar, Australian dollar, British pound, and Canadian dollar. Meanwhile, the British pound was the second-strongest of the day, losing out only to the Canadian dollar. Once again, there really wasn’t much in the way of fundamental news to drive price action for either the euro or British pound, but there were a few high-profile comments that have the potential to shape interest rate expectations for the European Central Bank (ECB). ECB Governing Council member Axel Weber said the bank needs to establish a floor for the benchmark lending rate, and has also indicated that he would prefer to not cut rates below 1 percent. Meanwhile, ECB Governing Council member Miguel Angel Fernandez Ordonez said that they could cut rates further, and that “it should not be forgotten that there are ways to use non-conventional measures” which they “are going to discuss this at the next board meeting.” All told, these clues that the ECB will move to make monetary policy more accommodative in May adds to downside risks for the euro, especially against the British pound since the Bank of England has suggested they will leave rates at 0.50 percent going forward.Looking ahead to Thursday’s European event risk, Eurostat inflation estimates for the Euro-zone have shown that CPI may have fallen to a 0.6 percent annual pace during March, which would mark the lowest since recordkeeping began in 1991
He Euro has steadily declined
he Euro has steadily declined since China’s GDP report was released erasing gains from yesterday built on the rising U.S. equity markets. The world’s third biggest economy saw growth fall to its slowest pace in nearly a decade at 6.1% as exports continued to decline. The country has been a source of growth for the global economy and slumping demand for its goods is a reflection of the weakness that has gripped the broader economy. The euro/ dollar had reached as high as 1.3270 before its current descent which sent it to 1.3130 before finding support. Euro-zone February industrial production falling by a record 18.4% added to bearish sentiment lead by a 4.3% drop in durable goods. Also, the region’s March CPI was confirmed at 0.6% which will perpetuate deflation concerns as it is below the central bank’s 2% target.
Signs of weakness
The Euro-zone continues to show signs of weakness and the lowest level of activity since record keeping began in 1986 underlines the region’s troubles. As factories continue to slash employees as they try and cut costs amidst falling output, we may see the worst recession in 60 years continue to deepen. The ECB is starting to finally talk of taking aggressive measures to curb the downturn with influential committee member Axel Weber talking quantitative easing and further rate cuts yesterday. The head of the Bundesbank said that the central bank should focus its non-standard efforts at banks instead of capital markets as is the case with the Fed and BoE. He would also argue for the use of a rate cut to battle potential deflationary pressures but warned that cutting below 1% could discourage interbank lending and lead to additional problems. Therefore, expectations are that the ECB will announce quantitative easing measures at their next policy meeting with a rate cut at the subsequent gathering. Having fallen below the 100-Day SMA a test of the 50-Day SMA at 1.3035 seems highly likely for the EUR/USD.
Ahead of the data release
If we see substantially deeper available liquidity on the Bid side of the market, this tells us that major price providers in the market are looking to buy the CHF against the US Dollar. Considering that close to 60% of all FX market volume is cleared through just six top banks, we see it prudent to be on the same side of the trade as major institutions and will favor a bullish bias on USDCHF ahead of the data release.
Bearish Scenario:If we see substantially deeper available liquidity on the Offer side of the market, this tells us that major price providers in the market are looking to sell the CHF against the US Dollar. Considering that close to 60% of all FX market volume is cleared through just six top banks, we see it prudent to be on the same side of the trade as major institutions and will favor a bearish bias on USDCHF ahead of the data release.
Bearish Scenario:If we see substantially deeper available liquidity on the Offer side of the market, this tells us that major price providers in the market are looking to sell the CHF against the US Dollar. Considering that close to 60% of all FX market volume is cleared through just six top banks, we see it prudent to be on the same side of the trade as major institutions and will favor a bearish bias on USDCHF ahead of the data release.
Once these conditions
Once these conditions are met, we will place our initial stop at the nearby swing high (or reasonable distance), and this risk will determine our first target. Our second target will be purely based on discretion, and we will move the stop on the second lot to breakeven once the first trade reaches its target in order to preserve our profits.
Conversely, as the region is expected to face its worst economic downturn in over a quarter century, fading demands for employment paired with increased risks for deflation is likely to weigh on households, and private-sector spending is likely to fall further over the medium-term as growth prospects deteriorate at a record pace. As a result, an in-line print, or a drop of more than 0.2% in sales would lead us to hold a bearish outlook for the swissie, and we will follow the same strategy for a long dollar-franc trade as the short position mentioned above, just in reverse.
Conversely, as the region is expected to face its worst economic downturn in over a quarter century, fading demands for employment paired with increased risks for deflation is likely to weigh on households, and private-sector spending is likely to fall further over the medium-term as growth prospects deteriorate at a record pace. As a result, an in-line print, or a drop of more than 0.2% in sales would lead us to hold a bearish outlook for the swissie, and we will follow the same strategy for a long dollar-franc trade as the short position mentioned above, just in reverse.
Retail sales in Switzerland
Retail sales in Switzerland rose 1.2% in January after advancing 3.6% in the previous month, and households are likely to cut back on spending as they face a weakening labor market. The breakdown of the report showed that spending of food increased 5.9%, while demands for electronic goods rose 9.8% however, spending on personal goods plunged 12.1% during the month, while discretionary spending on clothing and shoes slipped 3.4%. Easing price pressures have certainly helped to boost consumer demands as retailers continue to conduct heavy discounting in an effort to lure potential shoppers however, as the region faces its first recession in six-years, the economic outlook remain bleak. As a result, the SNB is likely to ease policy further and may take unprecedented steps to mitigate the downside risks for growth and inflation as the downturn in the global economy intensifies.
Private spending in Switzerland
Private spending in Switzerland increased 3.6% in December after posting a 1.4% drop in the previous month however, as the Swiss National Bank expects the economy to face its worst economic downturn in over a quarter century, the outlook for personal consumption remains bleak. A deeper look at the report showed sales fell 0.5% after adjusting for the number of shopping days as demands for personal goods plunged 20.0% from the previous year, while spending on furniture dropped 4.6%, and the rise in the headline reading was driven by a 12.6% increase in purchases of electronic goods as consumers took advantage of discounted prices. As policymakers expect economic activity to deteriorate further throughout the year, the Swiss National Bank is likely to take additional steps to shore up the economy, and may cut the benchmark interest rate by 25bp to 0.25% as the outlook for growth and inflation falter.
Futures Magazine
Ashraf Laidi is the creator and chief analyst of Forexnews.com, the award-winning website dedicated to foreign exchange research, news and analysis. Founded in January 1999 with the launch of the euro, the site has been widely followed by market professionals, day-traders and researchers, tapping into its around-the-clock analysis, insightful editorials and active discussion forums.
Mr. Laidi provides expert commentary on CNBC-TV, Bloomberg TV, Reuters TV and PBS' Nightly Business Report. His insights have also appeared in the Financial Times, the Wall Street Journal, Barron's, the New York Times, CBS Marketwatch, TheStreet.com, Futures Magazine, Global Finance and a host of other international publications.
Mr. Laidi provides expert commentary on CNBC-TV, Bloomberg TV, Reuters TV and PBS' Nightly Business Report. His insights have also appeared in the Financial Times, the Wall Street Journal, Barron's, the New York Times, CBS Marketwatch, TheStreet.com, Futures Magazine, Global Finance and a host of other international publications.
The dollar was slightly
The dollar was slightly firmer against the majors in the Wednesday session, pushing the euro off its session highs just shy of the 1.33-level toward the 1.32-handle and recovering above the 1.50-level versus the sterling. US equities were largely flat on the day with traders eyeing key earnings reports scheduled for the remainder of the week including JP Morgan, Citigroup and GE. The major driver of FX market moves continues to be global equity direction, with safe haven flows benefiting the dollar and yen. Economic data released earlier from the US included March CPI, NY Fed manufacturing, industrial output, capacity utilization, net capital flows and the NAHB housing market index. The March CPI declined by 0.1% versus an increase of 0.4% in the previous month, while the annualized CPI figure fell by 0.4% compared with +0.2% a year earlier. The core CPI figures increased by 0.2% on a monthly basis while the remaining unchanged at 1.8% on a yearly basis. The NY Fed manufacturing survey for April improved to -14.65 from a month earlier at -38.23. Industrial output was unchanged in March, falling by 1.5%, while capacity utilization eased to 69.3% from 70.2%.
Unexpectedly improved
Lastly, the NAHB housing market index unexpectedly improved to 14 in April, beating expectations for an increase to 10 from 9 in March.The calendar for Thursday consists of weekly jobless claims, March housing starts, housing permits and Philadelphia Fed survey. Weekly jobless are seen creeping up to 655k from 654k. Housing starts in March are expected to decline to 550k units, down from 583k units, while housing permits are seen easing to 550k from 564k a month earlier. Lastly, the April Philadelphia Fed business survey is estimated to improve to minus 32 from minus 35 in March.
Geopolitical events
This online guide aims at creating a coherent understanding of the foreign exchange market, by tying in real life market scenarios with the relevant theories of international finance and the classic schools of technical and quantitative analysis. Although there is a vast amount of literature on international finance, technical analysis and chartism, there is a scarcity of instructional materials incorporating actual market events such as interest rate decisions, interventions and geopolitical events.
About the Writer
Another area largely overlooked by currency guides is the integration of fundamental and technical analysis for making decisions. The distinctiveness between the two types of approaches dissuades many from factoring them together. But knowing how to combine them can be highly advantageous in unraveling the trend and timing of currency moves. This material focuses on teaching how to think for yourself in understanding global currency markets, rather than depending on a pre-set trading system which recommends decisions without providing input on the whys of making right and wrong decisions. Rather than rehashing the classic theories driving currency analysis, this guide will offer investors, researchers and students an innovative approach, paramount in grasping and anticipating the moves in the major currency pairs.
Medium Term Outlook
KEY FEATURES OF ACETRADER: Intra-day Strategies
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Sound alert is now available in AceTrader. You don't need to be 'glued' to the screen any more. Whenever there is a change in Strategy/Entry Level, Position, Objective or Stop-Loss, you'll hear a beep sound. You can focus on something else and check us out only when you hear the alert. Weekly Strategies
Updated every Monday to give a forecast and trading recommendations for the week.
Specially designed for position traders looking for bigger moves of 100 points or more. Medium Term Outlook
Up-to-the minute update around the clock
Provide users with our views and recommendations at that moment
A unique 20-30 pips range forecast for close monitoring of the intraday movements
Aim at quick 30-45 pips profits trades throughout the day for intra-day traders Daily Strategies
Updated 3 times a day with interim up-to-the minute special updates
Provide users with our views and recommendations at that moment
Aim at 60 - 90 pips overnight trades for position traders Sound Alert
Sound alert is now available in AceTrader. You don't need to be 'glued' to the screen any more. Whenever there is a change in Strategy/Entry Level, Position, Objective or Stop-Loss, you'll hear a beep sound. You can focus on something else and check us out only when you hear the alert. Weekly Strategies
Updated every Monday to give a forecast and trading recommendations for the week.
Specially designed for position traders looking for bigger moves of 100 points or more. Medium Term Outlook
Monthly forecast
Monthly forecast
Gives an overall market overview of one month and slightly longer Daily Technical Outlook
Provides detailed analysis of USD/YEN, EUR/USD, USD/CHF and GBP/USD every day, highlighting important support and resistance levels, retracement and projection analysis, and technical indicators used in forming our trading recommendations.
With this, you'll know what is likely to happen during the day and what to expect next when a certain support or resistance is broken. Elliott Wave Analysis
Bi-weekly detailed explanation of Elliott wave count of the selected major currencies
Includes Larger Degree Wave Count
Gives an overall market overview of one month and slightly longer Daily Technical Outlook
Provides detailed analysis of USD/YEN, EUR/USD, USD/CHF and GBP/USD every day, highlighting important support and resistance levels, retracement and projection analysis, and technical indicators used in forming our trading recommendations.
With this, you'll know what is likely to happen during the day and what to expect next when a certain support or resistance is broken. Elliott Wave Analysis
Bi-weekly detailed explanation of Elliott wave count of the selected major currencies
Includes Larger Degree Wave Count
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Full coverage of the marketAs long as the market is open, we're there providing insights to you.
Real-time updatesForeign exchange is a fast market, with real-time being the vital ingredient for success; analysis from an hour ago can sometimes become useless.
Multi time-frame recommendationsTo profit from the market, one needs to know the short term, medium term and long term trend. Providing intra-day, daily, weekly and medium term analysis and recommendations is our unique feature.
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As the Internet operation arm of Trendsetter Financial Markets Limited, AceTrader provides 24-hour realtime forex trading recommendations and market commentaries to online traders through our website. These trading recommendations and market commentaries were originally available to institutional traders through Reuters network only. Now it's available to all individual online traders.
We provide genuine real-time forex market commentaries and trading recommendations to both Reuters and Internet users. Led by world renowned technical analyst, Wilson Leung, we have a team of 7 analysts monitoring the market and updating our recommendations and commentaries 24 hours a day. Wilson Leung has over 20 years of experience in forex market. He is a regular speaker at Technical Analysis seminars all over the world and has conducted over 100 such seminars with Reuters for forex traders in Asia, Continental and Eastern Europe, Scandinavia, CIS and the Middle East. Our key strengths
We provide genuine real-time forex market commentaries and trading recommendations to both Reuters and Internet users. Led by world renowned technical analyst, Wilson Leung, we have a team of 7 analysts monitoring the market and updating our recommendations and commentaries 24 hours a day. Wilson Leung has over 20 years of experience in forex market. He is a regular speaker at Technical Analysis seminars all over the world and has conducted over 100 such seminars with Reuters for forex traders in Asia, Continental and Eastern Europe, Scandinavia, CIS and the Middle East. Our key strengths
Good mood Stochastic
Good mood Stochastic indicator will allow traders to more easily visualize the intra-day fluctuations. But the interpretation is the main feature with this classic instrument. Do not assume that the spread is close only because the value of the indicator reached perekuplennosti or pereprodannosti. Finds support in the pricing model or wait for the indicator was accelerated in the opposite direction.
Most charts in different time formats, may reflect the conflicting information about the vibrations. Literate traders use these differences to their advantage, rather than remain in doubt. They wait for Stochastics to a larger and a smaller scale will be synchronously specify the maximum or minimum values and then move in the opposite direction. This is a strong signal that the market is going to fluctuations in the opposite direction.
Another way to manage the contradictory signals over possible long-term moving average cost. We recommend that you install Exponential Moving averages with a period of 200 bars and 50 bars in all the intra-day charts. These averages reflect the trend of development of new variations, when market-based instruments back to the very low levels.
Usually, the price bars on the same session will be to retreat back to the exponential moving average with a period of 50 bars, at the same time at another session reached its exponential moving average with a period of 200 bars. This convergence predicts strong turnaround, especially when combined with the convergence Stochastics. Add to this the successful testing of the opening price or the range of the first hour, and you get a very good opportunity for trade. These signals can be coordinated very effectively used to buy or sell at the best prices of the day.
Most charts in different time formats, may reflect the conflicting information about the vibrations. Literate traders use these differences to their advantage, rather than remain in doubt. They wait for Stochastics to a larger and a smaller scale will be synchronously specify the maximum or minimum values and then move in the opposite direction. This is a strong signal that the market is going to fluctuations in the opposite direction.
Another way to manage the contradictory signals over possible long-term moving average cost. We recommend that you install Exponential Moving averages with a period of 200 bars and 50 bars in all the intra-day charts. These averages reflect the trend of development of new variations, when market-based instruments back to the very low levels.
Usually, the price bars on the same session will be to retreat back to the exponential moving average with a period of 50 bars, at the same time at another session reached its exponential moving average with a period of 200 bars. This convergence predicts strong turnaround, especially when combined with the convergence Stochastics. Add to this the successful testing of the opening price or the range of the first hour, and you get a very good opportunity for trade. These signals can be coordinated very effectively used to buy or sell at the best prices of the day.
This schedule would be a great deal
Figure 2. The signal at 117.25 purchase
Dorsi: This schedule would be a great deal when he reached base. This would be determined by the movement of 20 cells in one continuous direction. From this level to 20 or more cells down we can go a long way in the first broadside of the three cells in the deployment of stop-order at the new foundation. If the position will be closed to stop the order, the schedule will start to create a first signal from the base of the purchase, and this will be your next logical entry point. Because the schedule is the size of a turn in the three cells to change the column, the turn in three cells will be the first sign that shoppers again have the situation under control.
Kofnas: So, after a great column you can expect at least three cells and enters the fourth? This is the rule?
Dorsi: None. Point of action would have been spread in the three cells. Once the third cell, and has achieved a turn, begins operation. When the input made, immediately put a stop order. Let us go back to the original rule - go a long way only if the price is above trend line.
Kofnas: So, the currency trader will look at the trend lines, support and resistance, and must be capable of a technical discipline that is not normally associated with currency traders?
Dorsi: Yes. Currency traders are usually focused on the fundamental factors. In this case, the action takes place without the technical tools. The method should be logical, well-adjusted and based on the irrefutable law of supply and demand.
Kofnas: Let's look at the schedule for the Swiss franc to the size of a cell 25 points and the value of turn 2 cells.
Figure 3. The first signal is selling at 1.6825. Positions are added at each new breakthrough, where "0" is lower than the previous one.
Dorsi: Magnificent descending trend. The first signal to the sale of permits to enter the trend at 1.6825. Looks so that each subsequent sale of a signal added to one or more lots with the movement of stop-orders down to each subsequent sell signal.
This is an excellent example of how to use the trend of most of the building positions as the market moves in your direction. We could start with a lot, but now we will have four lots of stop order for all four lots at 1.6825.
Dorsi: This schedule would be a great deal when he reached base. This would be determined by the movement of 20 cells in one continuous direction. From this level to 20 or more cells down we can go a long way in the first broadside of the three cells in the deployment of stop-order at the new foundation. If the position will be closed to stop the order, the schedule will start to create a first signal from the base of the purchase, and this will be your next logical entry point. Because the schedule is the size of a turn in the three cells to change the column, the turn in three cells will be the first sign that shoppers again have the situation under control.
Kofnas: So, after a great column you can expect at least three cells and enters the fourth? This is the rule?
Dorsi: None. Point of action would have been spread in the three cells. Once the third cell, and has achieved a turn, begins operation. When the input made, immediately put a stop order. Let us go back to the original rule - go a long way only if the price is above trend line.
Kofnas: So, the currency trader will look at the trend lines, support and resistance, and must be capable of a technical discipline that is not normally associated with currency traders?
Dorsi: Yes. Currency traders are usually focused on the fundamental factors. In this case, the action takes place without the technical tools. The method should be logical, well-adjusted and based on the irrefutable law of supply and demand.
Kofnas: Let's look at the schedule for the Swiss franc to the size of a cell 25 points and the value of turn 2 cells.
Figure 3. The first signal is selling at 1.6825. Positions are added at each new breakthrough, where "0" is lower than the previous one.
Dorsi: Magnificent descending trend. The first signal to the sale of permits to enter the trend at 1.6825. Looks so that each subsequent sale of a signal added to one or more lots with the movement of stop-orders down to each subsequent sell signal.
This is an excellent example of how to use the trend of most of the building positions as the market moves in your direction. We could start with a lot, but now we will have four lots of stop order for all four lots at 1.6825.
Fujimaki Japan expects a resumption of growth stocks and the fall of the yen
According to the President Fujimaki Japan and a former adviser to George Soros Takeshi Fudzimaki, the growth of quotations of shares of American financial companies is proof that, in general, the market believes in ending financial crisis, despite the fact that economists do not agree. Continued growth in U.S. stocks and the weakening of the yen against the dollar, he believes, will contribute to a significant increase in Japanese shares. According to Takeshi Fudzimaki, the current situation provides an opportunity for investment, which comes once in a century, and he believes that the yen may fall against the dollar to Y130, and the Nikkei 225 index in the next six months may recover up to 13 000. Today the Nikkei 225 index fell 2.67 percent to 8493.77, the dollar / yen traded down and currently holds around Y96.30.
RBS sees in euro / dollar potential to reduce
Here is an example of how this can work. Purchase of shares "Talk America" can be implemented 12.09.03 within 7 cents from the day a minimum. After a sharp downward movement of the early morning has spread because market volatility has committed so-called "trip inside." Turn on V-shaped bases occurred just inside the main level and short-term recovery Fibonacci moving average.
Tilt the market at certain times during the day adds a final dimension to the intra-day fluctuations in mechanics. In most sessions, the market has developed from the opening kick in the first half hour of trade. The main strength or weakness of the movement, which is often followed by, dictate the nature and magnitude of price fluctuations throughout the day.
The market often shows a different turn in about 90 minutes until tender. This fluctuation can be quickly dissipated, or cause a stampede last hour in one direction or another.
Euro / dollar remains under pressure, and the RBS analysts have warned that if the holes will support at $ 1.2960, the couple may continue to fall to $ 1.2765. Meanwhile, in the long term, the bank had forecast Bear. According to strategists RBS, may test a minimum of $ 1.2460, which was achieved in March, but for a full refutation of bovine turn last month, monthly closing below $ 1.3258. Resistance is in the area of $ 1.3103, $ 1.3253 and $ 1.3440, togdakak levels of support are around $ 1.2952, and near $ 1.2867 and $ 1.2765.
Tilt the market at certain times during the day adds a final dimension to the intra-day fluctuations in mechanics. In most sessions, the market has developed from the opening kick in the first half hour of trade. The main strength or weakness of the movement, which is often followed by, dictate the nature and magnitude of price fluctuations throughout the day.
The market often shows a different turn in about 90 minutes until tender. This fluctuation can be quickly dissipated, or cause a stampede last hour in one direction or another.
Euro / dollar remains under pressure, and the RBS analysts have warned that if the holes will support at $ 1.2960, the couple may continue to fall to $ 1.2765. Meanwhile, in the long term, the bank had forecast Bear. According to strategists RBS, may test a minimum of $ 1.2460, which was achieved in March, but for a full refutation of bovine turn last month, monthly closing below $ 1.3258. Resistance is in the area of $ 1.3103, $ 1.3253 and $ 1.3440, togdakak levels of support are around $ 1.2952, and near $ 1.2867 and $ 1.2765.
Commerzbank sees no reason for the growth of yenThe decline of Japanese retail sales in March did not have a significant impact on the yen
The decline of Japanese retail sales in March did not have a significant impact on the yen, but this week went on industrial production. In addition, on Thursday the decision will be announced at the rate of the Bank of Japan, and on Friday will be the level of inflation. According to analysts of Commerzbank, a pair of dollar / yen in the near future may remain below Y100, but with a substantial reduction in industrial production and increase the likelihood of deflation Bank of Japan may move to more aggressive measures in the policy of quantitative easing. Rumors of a possible Bank intervention in the foreign exchange market, which will increase the likelihood, if the inflation rate will be more than the expected -0.2%. In such a situation, believe in the Commerzbank, steady decline in the dollar / yen below Y100 looks unlikely. According to the bank by the end of June, a couple will return to this point, and by the end of the year rises to Y110.
Blue line on the chart represent
The blue line on the chart represent the typical ratio of Fibonacci price fluctuations within the model of a butterfly. Price fluctuations from point A to point B will typically recover from 0.5 to 0,618 price range, some movement from point X to point A. Price recovery occurs from point B and ending at point C will usually end in the price range between 0.618 and 0.786 from price fluctuations from point A to point B. The closing price movement that occurs from point C to point D typically has a ratio of 1.272 - 1.618 prior to the fluctuations between points B and C. Price fluctuations from point C to point D may also have a Fibonacci ratio of 0.786 to 0.618 to the price movement from point X to point A.
Closing balance, which is usually referred to, is the equality of price movement from point C to point D, and the price movement from point A to point B. I also include the Fibonacci ratio of 1.618 for this part of the structure of a butterfly. It should also look for price fluctuations, which occurs from point C and ends at point D, that it was equal to 1.00 - 1.618 of the length variations from point A to point B.
The latter characteristic of Fibonacci, which we consider as the price movement from point A to point B refers to the price movement from point C to point D. The graph above, we measured the movement from point A to point B, and designed the levels of 1.00 and 1.618 of the value of the point C. Here we can see that the price movement has made a definite shift between these two levels designed.
Closing balance, which is usually referred to, is the equality of price movement from point C to point D, and the price movement from point A to point B. I also include the Fibonacci ratio of 1.618 for this part of the structure of a butterfly. It should also look for price fluctuations, which occurs from point C and ends at point D, that it was equal to 1.00 - 1.618 of the length variations from point A to point B.
The latter characteristic of Fibonacci, which we consider as the price movement from point A to point B refers to the price movement from point C to point D. The graph above, we measured the movement from point A to point B, and designed the levels of 1.00 and 1.618 of the value of the point C. Here we can see that the price movement has made a definite shift between these two levels designed.
The model Butterflies Gartli
If you have closely followed the only explanations that the model Butterflies Gartli, then you may wonder how the model should strictly follow the Fibonacci ratio. In my opinion, the Fibonacci ratio should be performed, at least for two consecutive price fluctuations. This will help us to mathematically confirm what we see in the chart. Also, the Fibonacci ratio to the last price fluctuations from point C to point D should be more important than other Fibonacci ratios in the model of butterflies Gartli.
In the above graph, we have three blue horizontal lines, which represent the levels of recovery 0.50, 0.618 and 0.786 from the full price fluctuations from point X to point A. Remember that we use the ratio of 0.50 and 0.618 for the movement from point A to point B. Also, we use levels of 0.618 and 0.786 for the variations from point C to point D. Thus, we measure two different price fluctuations. Note that the fluctuation from point A to point B does not come very close to the rehabilitation of 0.50 - 0.618. This differs from the price movement between point C and point D, which fits very closely to the goal of 0,618.
At this schedule, we are restoring the levels of 0.786 and 0.618 of price fluctuations from point A to point B. Please note that we have a price movement that is able to exceed this level and close above 0,786. However, the market is unable to support the crossing of this level, and the next day rose below it.
On to the schedule, we can see the Fibonacci projection at 1.272 and 1.618, which correspond to the price fluctuations from point B to point C. Notice how the price movement almost stops at the level of 1.618.
In the above graph, we have three blue horizontal lines, which represent the levels of recovery 0.50, 0.618 and 0.786 from the full price fluctuations from point X to point A. Remember that we use the ratio of 0.50 and 0.618 for the movement from point A to point B. Also, we use levels of 0.618 and 0.786 for the variations from point C to point D. Thus, we measure two different price fluctuations. Note that the fluctuation from point A to point B does not come very close to the rehabilitation of 0.50 - 0.618. This differs from the price movement between point C and point D, which fits very closely to the goal of 0,618.
At this schedule, we are restoring the levels of 0.786 and 0.618 of price fluctuations from point A to point B. Please note that we have a price movement that is able to exceed this level and close above 0,786. However, the market is unable to support the crossing of this level, and the next day rose below it.
On to the schedule, we can see the Fibonacci projection at 1.272 and 1.618, which correspond to the price fluctuations from point B to point C. Notice how the price movement almost stops at the level of 1.618.
While earning enough to last for fun
Financial genius - this is the kind of person who can earn more than his wife can spend. I do not know of, no. I just became a professional and exploit their profession. It allows me to any economic situation, find a niche and does not remain empty-handed.
A business is not thought to address?
No, I deposit a businessman, I have some grip, but big business, it requires great knowledge, composure, and ... not really mine. And then this fact must be dealt himself. So is not the case, that gave the money people put in his place, and they you have done and bring profit. At best, the return is not all due to your earnings, and in the worst case, will say that everything just collapsed. We must learn to control everything himself. Here's a creative business - it is about me. I'm interested in, not poor, and for the moment all I am satisfied.
How do you feel about this "American" history, when people from the very beginning makes a fortune?
I do not belong to it. I belong to people who are 20 years lupili "at one point and did not earn more than his salary. The greater part of my life, I lived in the Soviet country, where everything was "pribito for nails, and your destiny, all was clear until the end of life: school, institute, an engineer and so on. Talked about money in one word: "not enough" and "give a loan to pay." I am still doing my love and Soviet traditions still dream of earning. I'm not evil, but the feeling that you can relax and do not jerk, "I do not attend, I still dream.
A business is not thought to address?
No, I deposit a businessman, I have some grip, but big business, it requires great knowledge, composure, and ... not really mine. And then this fact must be dealt himself. So is not the case, that gave the money people put in his place, and they you have done and bring profit. At best, the return is not all due to your earnings, and in the worst case, will say that everything just collapsed. We must learn to control everything himself. Here's a creative business - it is about me. I'm interested in, not poor, and for the moment all I am satisfied.
How do you feel about this "American" history, when people from the very beginning makes a fortune?
I do not belong to it. I belong to people who are 20 years lupili "at one point and did not earn more than his salary. The greater part of my life, I lived in the Soviet country, where everything was "pribito for nails, and your destiny, all was clear until the end of life: school, institute, an engineer and so on. Talked about money in one word: "not enough" and "give a loan to pay." I am still doing my love and Soviet traditions still dream of earning. I'm not evil, but the feeling that you can relax and do not jerk, "I do not attend, I still dream.
When you've earned their first money
That was 73 years, somewhere between 7 th and 8 th grade. In fact, illegally took me to the store "light" on the street. Solyanka, for the summer, the place to go to leave the seller. I earn in one month Fair 90 rubles, which bought his first drum, which later I get a lot more. And from that moment, I never sat on the neck of the parents.
And you zaviduete people kotorve earn more than you?
White envy envy when I see that the people of their efforts is seeking something bigger than me. And then, I'm not jealous, but equal to it, I want to do something better in their situation. People are earning lot of money - people with talent and power of thought. Business - it is hard work, requiring great effort. There can be jealousy, but respect.
Is it easy to earn money in Russia?
Not more difficult than in Europe. There is still a niche, but rather at the secondary level, where you can earn, at a high level, probably has not. Although ... if a person is talented, literacy, it is quite possible that all will turn out. I've been endowed with a talent for communication, someone has the talent to turn 1 in the ruble of a hundred dollars. Only in the way! And the situation is now such a fragile, that money can not keep with them, you must kudanibud they invest.
And you zaviduete people kotorve earn more than you?
White envy envy when I see that the people of their efforts is seeking something bigger than me. And then, I'm not jealous, but equal to it, I want to do something better in their situation. People are earning lot of money - people with talent and power of thought. Business - it is hard work, requiring great effort. There can be jealousy, but respect.
Is it easy to earn money in Russia?
Not more difficult than in Europe. There is still a niche, but rather at the secondary level, where you can earn, at a high level, probably has not. Although ... if a person is talented, literacy, it is quite possible that all will turn out. I've been endowed with a talent for communication, someone has the talent to turn 1 in the ruble of a hundred dollars. Only in the way! And the situation is now such a fragile, that money can not keep with them, you must kudanibud they invest.
And where would you recommend to invest
And where would you recommend to invest?
I can recommend only one to have a profession, to believe in yourself and work! If you love something, than doing - it is ideal! The biggest value - it is time to hold it must be interesting, and, eventually, the money provides only a possibility. Still need to understand the true value of things, I, for example, never buy a madly expensive car, if I'm not using it, and we, the Russians have a very characteristic feature - show off.
You lucky man?
In the life of me lucky. Right now, for example, I have a wonderful mood, I have a wonderful wife, a young, fervently loving my little daughter - this is the most important, and the rest - things. (Pauza.) ... But the money needed, so I stick!
So then did little luck?
In addition to luck, you need to learn to do everything very well, professionally, with talent, then all the money earned, and you just reach. If you'll stand the professionalism of the situation, then all will turn out. But this need to learn, one must work hard, have a goal, talent. Do all quality, with dignity, then come and be themselves. I know this from experience.
I can recommend only one to have a profession, to believe in yourself and work! If you love something, than doing - it is ideal! The biggest value - it is time to hold it must be interesting, and, eventually, the money provides only a possibility. Still need to understand the true value of things, I, for example, never buy a madly expensive car, if I'm not using it, and we, the Russians have a very characteristic feature - show off.
You lucky man?
In the life of me lucky. Right now, for example, I have a wonderful mood, I have a wonderful wife, a young, fervently loving my little daughter - this is the most important, and the rest - things. (Pauza.) ... But the money needed, so I stick!
So then did little luck?
In addition to luck, you need to learn to do everything very well, professionally, with talent, then all the money earned, and you just reach. If you'll stand the professionalism of the situation, then all will turn out. But this need to learn, one must work hard, have a goal, talent. Do all quality, with dignity, then come and be themselves. I know this from experience.
Final design
The last step, which is desirable to perform in any Fibonacci analysis is comparing the different reconstruction and projections of different price variations in the analyzed structure. This gives confidence in the given analysis. In the above graph, we have three projection for a point D, which we considered above. We have kept the same color scheme as in previous examples, so that could match the red, green and blue lines to the previous schedules. I believe that the importance of the schedule is that the whole group of relations is so close to each other that you can distinguish them only on the notes. This means that all of the Fibonacci ratio, which proektiruyutsyaiz different areas of the structure, suited to the same level where we can expect the formation of point D. Point D is thus the level where we could enter the market with the opening of bull position.
Although the examples that were cited above, refer to the bull's model Butterflies Gartli, the exact opposite is true for option bear model. All that need be done - is turn on the first example of Figure 1 to obtain disservice model shown above.
Butterfly Gartli is another way in which we can use the Fibonacci ratios to measure the visual model.
In subsequent issues of the journal will be considered other types of models Butterflies Gartli .
Although the examples that were cited above, refer to the bull's model Butterflies Gartli, the exact opposite is true for option bear model. All that need be done - is turn on the first example of Figure 1 to obtain disservice model shown above.
Butterfly Gartli is another way in which we can use the Fibonacci ratios to measure the visual model.
In subsequent issues of the journal will be considered other types of models Butterflies Gartli .
Patronage Rothschild
The attitude of the financial terms of the Soros Rothschild is not accidental. Will make a small digression into history to explain the extraordinary success of a mere private speculator, and a strange ability to Soros "to play" so many times on these high-risk markets. Soros has access to "inside information" in some of the highest government and private offices in the world.
Since World War II, the Rothschild family tried to create a public myth about its own insignificance. The family spent substantial sums to create the image of a family of wealthy, but quiet "gentlemen", some of whom prefer to do fine French wines, some of which have dedicated themselves to philanthropy. They were involved in the creation of Israel and other high-profile projects, but in addition to such public events, were less plausible case that the family prefers to keep away from its headquarters in London and hold over their less well-known branches, such as "Zurich Rothschild Bank AG "and" Rothschild Italia of Milan "- the bank of Soros partner Richard Ketsa.
According to former CIA officer familiar with the case of Soros, the "Quantum Fund" to accumulate capital (over $ 10 billion), with the help of a powerful group of "silent" investors who have allowed Soros to build capital to disrupt the financial stability in Europe in September 1992.
Soros is one of several important tools for economic and financial control "Club Islands. Because of its connection with their interests had not been previously highlighted, it serves a very useful function for the oligarchy, as in 1992 and 1993, when he began his assault on the European exchange rate mechanism.
Since World War II, the Rothschild family tried to create a public myth about its own insignificance. The family spent substantial sums to create the image of a family of wealthy, but quiet "gentlemen", some of whom prefer to do fine French wines, some of which have dedicated themselves to philanthropy. They were involved in the creation of Israel and other high-profile projects, but in addition to such public events, were less plausible case that the family prefers to keep away from its headquarters in London and hold over their less well-known branches, such as "Zurich Rothschild Bank AG "and" Rothschild Italia of Milan "- the bank of Soros partner Richard Ketsa.
According to former CIA officer familiar with the case of Soros, the "Quantum Fund" to accumulate capital (over $ 10 billion), with the help of a powerful group of "silent" investors who have allowed Soros to build capital to disrupt the financial stability in Europe in September 1992.
Soros is one of several important tools for economic and financial control "Club Islands. Because of its connection with their interests had not been previously highlighted, it serves a very useful function for the oligarchy, as in 1992 and 1993, when he began his assault on the European exchange rate mechanism.
The secret fund "Quantum Fund NV"
Soros is the visible side a vast secret network of private financial interests, managed by the leading aristocratic and royal names in Europe, centered in the British House of Windsor. The network, called its members "club Islands", was created after the collapse of the British Empire after World War II.
Instead of using the powers of the State to achieve its geopolitical objectives, has been developed by the network to stay in the private financial interests, tied to the old aristocratic oligarchy of western Europe. Center of the "Club of Islands" is the financial center - London. Soros is one of those in the Middle Ages were called - Hofjuden, "court Jews", which was deployed aristocratic families. The most important of such "Jews who are not Jews" are a Rothschild, who started his career thanks to Soros.
Soros is American only on the passport. He - the global financial operator, who happens falls in New York, simply because there is money. Soros speculates in world financial markets through its offshore company "Quantum Fund NV", a private investment fund. His hedge fund reportedly manages some $ 11-14 billion of investors' funds, the most prominent of whom, according to Soros, is the British Queen Elizabeth.
"Quantum Fund" is registered offshore in the Netherlands Antilles in the Caribbean Sea. This helps to avoid taxes and conceal the true nature of his investors and what he is doing with their money.
Soros has taken care that none of the 99 frequent investors who participate in its various funds was not an American. Under U.S. law on securities, hedge funds should not include more than 99 wealthy investors, the so-called "sophisticated investors". In creating its investment company as an offshore hedge fund, Soros avoids public research.
Instead of using the powers of the State to achieve its geopolitical objectives, has been developed by the network to stay in the private financial interests, tied to the old aristocratic oligarchy of western Europe. Center of the "Club of Islands" is the financial center - London. Soros is one of those in the Middle Ages were called - Hofjuden, "court Jews", which was deployed aristocratic families. The most important of such "Jews who are not Jews" are a Rothschild, who started his career thanks to Soros.
Soros is American only on the passport. He - the global financial operator, who happens falls in New York, simply because there is money. Soros speculates in world financial markets through its offshore company "Quantum Fund NV", a private investment fund. His hedge fund reportedly manages some $ 11-14 billion of investors' funds, the most prominent of whom, according to Soros, is the British Queen Elizabeth.
"Quantum Fund" is registered offshore in the Netherlands Antilles in the Caribbean Sea. This helps to avoid taxes and conceal the true nature of his investors and what he is doing with their money.
Soros has taken care that none of the 99 frequent investors who participate in its various funds was not an American. Under U.S. law on securities, hedge funds should not include more than 99 wealthy investors, the so-called "sophisticated investors". In creating its investment company as an offshore hedge fund, Soros avoids public research.
Information on the person
Soros himself is not even in the government "Quantum Fund". Legally it is an investment adviser "Quantum Fund" from another company "Soros Fund Management" in New York. In the board of directors "Quantum Fund NV" as not a single American citizen. His directors are Swiss, Italian and British financiers.
It is clear that Soros and the Rothschild chose not to show their relationship, nor does it advertise its links to London, the British Ministry of Foreign Affairs, Israel and American influential circles. Therefore, a myth, that Soros is the sole financial "genius" who through their talent detect future changes in the markets, has become one of the most successful speculators. According to those who did business with him, Soros never makes important steps without a substantial investment information on the person.
It is clear that Soros and the Rothschild chose not to show their relationship, nor does it advertise its links to London, the British Ministry of Foreign Affairs, Israel and American influential circles. Therefore, a myth, that Soros is the sole financial "genius" who through their talent detect future changes in the markets, has become one of the most successful speculators. According to those who did business with him, Soros never makes important steps without a substantial investment information on the person.
The board of director
The board of directors of "Quantum Fund NV" Kets is Richard, a man Rotshilda, who is also a member of the board "London NM Rothschild" and is the head of "Rothschild Italia SpA" in Milan. Another link with the family Rotshildov is another member of the board of "Quantum Fund" Nils O'Taube partner the London investment group "St. James Place Capital", which is the main partner of Lord Rothschild.
Frequent business partner of Soros in various speculative matters, including the manipulation of the gold in 1993., It's not related to the "Quantum Fund" directly, is an Anglo-French speculator Sir James Goldsmith, a family cousin Rotshildov.
From the first days when Soros created his own investment fund in 1969. He was bound to its success to its relation to the banking network of family Rotshildov. Soros worked in New York in the 1960's in a small private bank was closely associated with the Rothschild, namely, "Arnhold and S. Bleichroeder. Inc.", Bank name, representing the interests of Rotshilda in Germany during the time of Bismarck. To this day, "A. and S. Bleichroeder. Inc." remains the primary holder, along with the "Citibank", the funds "Quantum Fund" Soros. George K. Karlvays associated with the scandalously famous "Rothschild Bank AG" in Zurich, gave Soros of seed capital and led the first investors in his "Quantum Fund".
Frequent business partner of Soros in various speculative matters, including the manipulation of the gold in 1993., It's not related to the "Quantum Fund" directly, is an Anglo-French speculator Sir James Goldsmith, a family cousin Rotshildov.
From the first days when Soros created his own investment fund in 1969. He was bound to its success to its relation to the banking network of family Rotshildov. Soros worked in New York in the 1960's in a small private bank was closely associated with the Rothschild, namely, "Arnhold and S. Bleichroeder. Inc.", Bank name, representing the interests of Rotshilda in Germany during the time of Bismarck. To this day, "A. and S. Bleichroeder. Inc." remains the primary holder, along with the "Citibank", the funds "Quantum Fund" Soros. George K. Karlvays associated with the scandalously famous "Rothschild Bank AG" in Zurich, gave Soros of seed capital and led the first investors in his "Quantum Fund".
The man who broke the Bank of England
Analysis of clandestine financial networks, Soros is vital to understand the true dimension "problem Soros in eastern Europe and other countries.
After the crisis of the European exchange rate mechanism in September 1992., When the Bank of England was forced to abandon efforts to stabilize the pound sterling, from the shadow of a little financial shape, saying that he personally made a $ 1 billion in speculation against the British pound. Speculators were Hungarian origin George Soros, who wait the war in Hungary under false papers. Soros left Hungary after the war, and received U.S. citizenship after several years in London. Today, Soros is based in New York, but it says little about who he was and what he said.
After his impressive claims to possess "Midas touch", Soros has allowed public use of his name in an apparent attempt to influence the world financial markets.
Soros loudly announced in March 1993. That the price of gold should rise sharply: he said he had just received "inside information" that China is going to buy a huge kolichetvo gold for its rapidly growing economy. Soros was able to raise the demand for buying gold, which allowed prices to rise by more than 20% over four months to the highest level since 1991. And that is typical for Soros, when prostachki scrambled to buy, pushing prices higher, Soros and his friend Sir James Goldsmith secretly began selling their gold with a large profit.
Then, in early June 1993. Soros announced his intention to cause a sale of German government bonds in favor of French. In an open letter to the editor of the London "Times" Anatole Kaletskomu, Soros said "Down with the D-mark!" At various times, Soros attacked the currency of Thailand, Malaysia, Indonesia and Mexico, entering the newly opened financial markets which have little experience with foreign investors, which allows it alone, with large cash resources to manipulate the currency. Soros is beginning to market to buy assets in the local market, while the other is that naive to assume that he knows something they do not know. As in the case of gold, when the smaller investors begin to follow Soros, pushing prices up, Soros begins to sell, with its 40% or 100% profit. He then proceeds to other markets, and often, and to a new country in search of another goal for his speculations. This technique is called "hit and run."
After the crisis of the European exchange rate mechanism in September 1992., When the Bank of England was forced to abandon efforts to stabilize the pound sterling, from the shadow of a little financial shape, saying that he personally made a $ 1 billion in speculation against the British pound. Speculators were Hungarian origin George Soros, who wait the war in Hungary under false papers. Soros left Hungary after the war, and received U.S. citizenship after several years in London. Today, Soros is based in New York, but it says little about who he was and what he said.
After his impressive claims to possess "Midas touch", Soros has allowed public use of his name in an apparent attempt to influence the world financial markets.
Soros loudly announced in March 1993. That the price of gold should rise sharply: he said he had just received "inside information" that China is going to buy a huge kolichetvo gold for its rapidly growing economy. Soros was able to raise the demand for buying gold, which allowed prices to rise by more than 20% over four months to the highest level since 1991. And that is typical for Soros, when prostachki scrambled to buy, pushing prices higher, Soros and his friend Sir James Goldsmith secretly began selling their gold with a large profit.
Then, in early June 1993. Soros announced his intention to cause a sale of German government bonds in favor of French. In an open letter to the editor of the London "Times" Anatole Kaletskomu, Soros said "Down with the D-mark!" At various times, Soros attacked the currency of Thailand, Malaysia, Indonesia and Mexico, entering the newly opened financial markets which have little experience with foreign investors, which allows it alone, with large cash resources to manipulate the currency. Soros is beginning to market to buy assets in the local market, while the other is that naive to assume that he knows something they do not know. As in the case of gold, when the smaller investors begin to follow Soros, pushing prices up, Soros begins to sell, with its 40% or 100% profit. He then proceeds to other markets, and often, and to a new country in search of another goal for his speculations. This technique is called "hit and run."
LMT recommended
As you can see LMT recommended that I set my take profit at 247 pips. At this point though the trade is well past 247 pips so I’m going to let it ride. I’ll keep an eye on the position and once I’ve got a 100 pip lead above the take profit price level I intend to set the stop loss at break even. At this point though those 247 pips are in the bank.
Another method you can use to lock in profits is to set the trailing stop to the value of the take profit. This way once price reaches the recommended take profit level it will lock your profit it and from that point on any pips you get icing on the cake.
I’ll keep you guys up-to-date on how this system performs.
Another method you can use to lock in profits is to set the trailing stop to the value of the take profit. This way once price reaches the recommended take profit level it will lock your profit it and from that point on any pips you get icing on the cake.
I’ll keep you guys up-to-date on how this system performs.
Forex Killer
The Forex Killer software, aside from it's clever name contains embedded mathematical algorithms which analyzer when to buy and sell foreign currencies on the Forex market.
The software works by breaking down the percentage in pip change and computing an ideal buy/sell time.
Forex Stealth
I like the stealth forex system, easy in use and profitable for me. I find it's great working for more volatile pairs such as EUR/JPY and GBP/USD.
If you are looking for an easy to follow system on free meta trader charts, I think this is a good option for most day traders.
If you are looking for an easy to follow system on free meta trader charts, I think this is a good option for most day traders.
Choosing Trading Tools
Choosing a currency pair and finding its active trading hours
Currencies have their own “characters” or behavior. Some are extremely active like GBP/USD or GBP/CHF, some are quite consistent and steady trending like EUR/JPY or EUR/GBP.
Different indicator set-ups, different values may be used to achieve best results for each currency pairAlso a good idea is to find the most active hours for a chosen currency pair. Those hours of currency highest activity are easy to spot on the chart and should be used to get maximum profits during the trading session.
My First LMT Forex Formula Trade
Hello forex guys and gals. I hope you’ve had a profitable week. As you may or may not know, I got me a copy of Dean Saunders’s popular LMT Forex Formula manual trading system and I’ve been testing it for a few days now. I patiently awaited a trading signal and at last it has come - horay!
LMT Forex
The trading signal occurred on the H4 time-frame. Although I do have LMT attached to the daily chart as well I haven’t received a trading signal on it yet - no doubt because the eur/usd is currently in a uptrend and there is no major change in the trend, thus no LMT signal. I also have tons of other currency pairs that I’m trading using the daily chart, but I’m getting a bit off-topic here.
Here is the trading signal I got with LMT Forex:
2009.05.28 04:00:16 LMT 1.5 EURUSD,H4: Alert: LMT Signal on EURUSD
2009.05.28 04:00:16 LMT 1.5 EURUSD,H4: [L.M.T] : Alert On 2009.05.28 08:00
And here is a screenshot of the trade in action! (still ongoing by the way):
*Click on the image to see it in full detail*
Here is the trading signal I got with LMT Forex:
2009.05.28 04:00:16 LMT 1.5 EURUSD,H4: Alert: LMT Signal on EURUSD
2009.05.28 04:00:16 LMT 1.5 EURUSD,H4: [L.M.T] : Alert On 2009.05.28 08:00
And here is a screenshot of the trade in action! (still ongoing by the way):
*Click on the image to see it in full detail*
Eastern Europe
While Soros speculation played a significant role in the final withdrawal of British Pounds from the mechanism of exchange rates, it would be wrong to consider his actions as "anti-British." Soros began his education in London, where he studied under Karl Popper and Friedrich von Hayek at the London School of Economics.
Business Soros with Sir James and Lord Goldsmitom Rotshildom approached him to circle Tetcher wing British establishment. Helping to break the UK from the European exchange rate mechanism in September 1992. and has earned at more than $ 1 billion, Soros helped the long-term goal of the wing Tetcher in reducing the economic stability of continental Europe. Starting with the 1904g. This is a British geopolitical strategy - to oppose, by all means is, any economic ties between the economies of continental Europe, especially with regard to the relationship of Germany with Russia and the countries of Eastern Europe.
Business Soros with Sir James and Lord Goldsmitom Rotshildom approached him to circle Tetcher wing British establishment. Helping to break the UK from the European exchange rate mechanism in September 1992. and has earned at more than $ 1 billion, Soros helped the long-term goal of the wing Tetcher in reducing the economic stability of continental Europe. Starting with the 1904g. This is a British geopolitical strategy - to oppose, by all means is, any economic ties between the economies of continental Europe, especially with regard to the relationship of Germany with Russia and the countries of Eastern Europe.
Efficient use of time
While I couldn't find much information on the fine folks that created Forex Tracer, I did find out that they are expert advisors that worked with mathematicians to develop complex algorithms. Oh and that this program is safe and legal. That's what daddy likes to hear.
So if you're lazy like me and would much rather pay someone to do something for you or find something to do it automatically this is the type of system you should be looking into. It automatically buys and sells for you, it's a beautiful thing. I'm not into learning the Forex system, why would I waste my time learning when I can launch a program to do it all for me? That's just not an efficient use of time.
Why Download And Use The Forex Hitman System?
Learning how to profit from the currency markets can be very difficult and will require many months or usually, years, before the trader can earn a decent profit from it. A mechanical system like this allows any new trader to instantly leverage the knowledge and skills of a professional to make money. It has cut short my learning curve of the Forex market, and has been very profitable for me till today.
Forex Autopilot Package includes
Forex Autopilot Package includes:
1. ProfitStream Advisor
2. StrongTrend Advisor
3. IntradayKing Advisor
4. ChannnelProfits Advisor
5. ProfessionalTrade System
6. ScalperPilot Advisor
7. ExtremeProfit Scalper
8. ScalperGuru System
1. ProfitStream Advisor
2. StrongTrend Advisor
3. IntradayKing Advisor
4. ChannnelProfits Advisor
5. ProfessionalTrade System
6. ScalperPilot Advisor
7. ExtremeProfit Scalper
8. ScalperGuru System
"Gazprom Neft" has almost tripled reduced quarterly net income on RSA
At the end of the 1 st quarter of 2009 "Gazprom oil" was on the RAS 7902 billion rubles. net profit, said the message issuer. Meanwhile, on the basis of the 1 st quarter of last year net profit of "Gazprom oil" was 22.623 trillion rubles. Thus, the net profit of the company in 1 st quarter of 2009 declined compared to the same period of 2008 to 2.9 times.
Forex Fundamental Analysis
The main approach to the analysis of the Forex market analysis, technical and fundamental analysis. And includes studies and analysis of economic indicators, asset markets and political considerations in the assessment of the nation in terms of currency to another. Focus on analysis and is located on the main economic, social and political forces that demand and supply. There is a set of beliefs that guide fundamental Forex analysis, most analysts still do not have to look at various macroeconomic indicators such as economic growth, interest rates, inflation and unemployment.
Here we look at some of the largest Forex fundamental factors that play a role in the movement of currencies:
Here we look at some of the largest Forex fundamental factors that play a role in the movement of currencies:
Forex Fundamental
can trade skills through many trading tools, for example, the Fibonacci retracement of the candlesticks, trend lines and others. They can also trade in news relying on the impact of news on the forex trade. They can also trade in new building on the impact of news on currency trading. The third virtue which gives wings to trading is fundamentals. The third reason, which gives wings to trading fundamentals. Along with technical analysis and trading news, fundamental analysis forms the broad base on which trading is being done. Along with the technical analysis and business news, fundamental analysis is the broad basis on which negotiations are ongoing. It does not matter whether you play the game through robots or strategies or personally, fundamental analysis is way too important. Whether you play the game with robots or strategies or personally, fundamental analysis is much too important.
The Japanese economy prorochat collapse
But even those gray figures such government can provide only a plan to stimulate the economy, valued at 122 billion euros. The Cabinet had already approved.
United Kingdom, Ministry of Finance: Low risk of deflation in Britain
Ramsden is one of the major posts in the Treasury.
UK retail price index for the year - the broadest measure of price pressures - fell in March for the first time almost 50 years. However, the consumer price index surprised economists, falling moderately in recent months to 2.9% in March, above the target level of 2% of the Bank of England
UK retail price index for the year - the broadest measure of price pressures - fell in March for the first time almost 50 years. However, the consumer price index surprised economists, falling moderately in recent months to 2.9% in March, above the target level of 2% of the Bank of England
On the European front
On the European front, rising inflation and improved figures for the business - the climate attracted further attention of traders, given the possibility of tighter monetary policy in September. After inflation jumped to 2.5% in May from 2.0% in April, the estimates for June converge at 2.4%, suggesting that the trend of price increases may last longer than expected. In the June decision by the policies of the European Central Bank hinted that price pressures may not only occur in the medium term, but could also continue in the longer term, being much above the level of 2.0% as oil prices remain high and the strength of global economic dynamism can continue to put pressure on prices of goods, including the price of oil.
Formula
Smoothed price = Moving Average (Price, Z), where Z - period moving average
(Note: If smoothing is not required (only the price), the period moving average should be set to 1. In this case, the smoothed price is the same as the price.)
The band regression = regression (smoothed price, X) + Slope * Y, where
Z - period moving average
X - the period of regression
Y - the forecast period (if not necessarily equal to 0)
Slope - slope of the regression line
The upper band = band regression + standard deviation (smoothed price, X) * N, where
N - standard deviation (s)
X - the period of regression
Lower band = band regression - standard deviation (smoothed price, X) * N, where
N - standard deviation (s)
X - the period of regression
Oscillator Linear Regression = (Price - Stripe regression / standard deviation (smoothed price, X), where X - the period of regression
(Note: If smoothing is not required (only the price), the period moving average should be set to 1. In this case, the smoothed price is the same as the price.)
The band regression = regression (smoothed price, X) + Slope * Y, where
Z - period moving average
X - the period of regression
Y - the forecast period (if not necessarily equal to 0)
Slope - slope of the regression line
The upper band = band regression + standard deviation (smoothed price, X) * N, where
N - standard deviation (s)
X - the period of regression
Lower band = band regression - standard deviation (smoothed price, X) * N, where
N - standard deviation (s)
X - the period of regression
Oscillator Linear Regression = (Price - Stripe regression / standard deviation (smoothed price, X), where X - the period of regression
Euro remains equally possible
Indeed, FOMC made it clear at its meeting in June that it intends to follow a balanced policy with regard to the tightening of rates, ie with a minimum increase of 25 points. But the Committee, at the same time, keeping the door open for more aggressive steps in its policies when it stated that it would "respond to changes in economic prospects as needed to fulfill its obligation to maintain price stability." Probability of "yastrebinyh" statements by the representatives of the Federal Reserve remains significant, especially if the yield on Treasury bonds continue to decline, and will require incentives that might be too generous to the Central Bank. Although the 10-year Treasury securities reached 10-week minimum, we have seen many times this year, a strong record as one way to increase profitability, at least 20 points in 2 days. A decline in the Euro remains equally possible.
Oscillator Linear regression
Oscillator Linear regression is the number of standard deviations the current price of the line of linear regression. A value of 2 means that the price is currently located at 2 standard deviations above the linear regression (using a given period of regression, ending at the bar). Value - 1.5 means that the price is now at a 1.5 standard deviations below the regression line. This function is added as an additional option "Oscillator linear regression to indicator bands of linear regression. Recommended that the oscillator linear regression was built in a separate window below the price chart. Oscillator Linear regression shows how far the current price deviated from the regression trend line in units of standard deviation, or how far the price deviated from the basic trend established by regression analysis (using the term).
The above graph shows the daily candle "Intel Corporation" (INTC). Prognostic line linear regression (LRF) is depicted in black, the upper band of 2 standard deviations, shown in blue, and the lower band shows a red color.
The above graph shows the daily candle "Intel Corporation" (INTC). Prognostic line linear regression (LRF) is depicted in black, the upper band of 2 standard deviations, shown in blue, and the lower band shows a red color.
Precautionary entrance
Precautionary entrance connects the gap between signal and trade. This is the door through which you assume the financial and emotional risk. There are many methods for selecting the time of entry into the market, but the three strategies are suitable for the majority of transactions with trading on the oscillations. The first is to log a certain breakthrough in the price level. The second relates to the expectation of correctional rollback after strong traffic and the entrance to the direction of motion about the support or resistance. In the third, to buy or sell should be within a narrow range before you begin the movement.
Very dangerous way
This is - a very dangerous way to enter the market. Trade looks great when the market moves in your direction, but what will you do if the market spread and go the other way? Surprisingly, most traders do not have a good answer to this important issue. Thus, they stiffen like the Rabbit in the boa, looking at the schedule, when faced with the cruel reality.
Persecution of the momentum may well work if the trader chooses to deal wisely and pay close attention to two important rules. First, always set your acceptable risks before trading. Choose a fixed percentage of the loss or use the graphical model in a shorter time scale for the output signal, if the market goes against you. Secondly, make sure that the broader market picture implies adequate support for your strategy.
Persecution of the momentum may well work if the trader chooses to deal wisely and pay close attention to two important rules. First, always set your acceptable risks before trading. Choose a fixed percentage of the loss or use the graphical model in a shorter time scale for the output signal, if the market goes against you. Secondly, make sure that the broader market picture implies adequate support for your strategy.
Although data on the consumption
Although data on the consumption and retail sales remain fragmentary, reviews the business climate showed gradual improvement, supported by Managers Index on purchasing, manufacturing and service sector, which expanded to 10 and 12, respectively. In addition, an overview of the German ZEW rose in June, violating the 5-month-lane drop. As soon as the Federal Reserve will make its second rate increase in August, would be unlikely that the ECB would allow the Federal Reserve to make the third increase in September without taking any action, as well as the continuation of price pressure in the U.S. definitely transferred the euro - far beyond the comfort level of inflation at 2.00 %.
Broke above 18-week trend line, euro accumulated technical capacity to move to follow the objectives, namely, the $ 1.2450-00, which limited the level of recovery in 61.8% of the movement of $ 1.2926-1.1759. But we feel that the inevitable setback caused by the fundamental data to prevent net increase for this purpose and will consolidate in the area of $ 1.24-25.
Broke above 18-week trend line, euro accumulated technical capacity to move to follow the objectives, namely, the $ 1.2450-00, which limited the level of recovery in 61.8% of the movement of $ 1.2926-1.1759. But we feel that the inevitable setback caused by the fundamental data to prevent net increase for this purpose and will consolidate in the area of $ 1.24-25.
Overly luxurious
Which of these strategies will be the best sign for your next deal? Unfortunately, the correct answer will not be twice the same. Do not try to make the right entrance to the simple task of repeating. In fact, you should plan for each transaction in the context of the current market situation, the ratio of return to risk and the selected period of holding an open position. These additional conditions are a necessity, but not overly luxurious.
Login to the narrow range
Login to the narrow range confuses many traders, but the theory is quite simple. Common sense dictates that the best time for the opening of a new position, just before the break up or down. The narrow range is characterized by low mobility, when conditions are ready for a large movement. Trader is a busy market in the price level and waits for the start of movement. The advantage of this method is that the position can be accessed with a small loss if the market breaks the other way.
Enthusiasm to bring you profit
Where do you hold? Many traders believe that they are too late, when they see that the breakthrough has already taken place. In fact, they are often too slow. It is often better to stand aside and wait to turn the market, rather than jump, along with the crowd. Sign in with corrective setback is a very powerful method because it uses the edge of the capital, who missed the first movement. But it is important to enter the market before they do, and to allow their enthusiasm to bring you profit.
Move in this direction.
Let's look at these three entry strategies more carefully. After a while you understand how to select the best deal that you are going to implement. Keep in mind that several different strategies can work in the same market situation. The correct choice of strategy can provide more input to the emotional mood than the timing.
Buy on break up or sale, with breaking down is the only method of timing entry into the market, used by most traders. Unfortunately, this is also the "best" way out of the market. This technique is simple entrance. The price breaks through support or resistance level, and you go to open position. And then you pray that the price continued to move in this direction.
Buy on break up or sale, with breaking down is the only method of timing entry into the market, used by most traders. Unfortunately, this is also the "best" way out of the market. This technique is simple entrance. The price breaks through support or resistance level, and you go to open position. And then you pray that the price continued to move in this direction.
Graphic model of accumulation
Graphic model of accumulation, such as triangles, often reminiscent of Spring. This is a manifestation of the internal stress predicts strong future price movement. Traders can use classic indicators to determine the switching point for the movement. But the best option is to locate narrow range bars and reduce the amount directly to the key levels of support or resistance. Enter the market here, while others are still only prepared to pursue a breakthrough price level.
The use of graphics programs
Technical Tool Squares Hanna "in the graphic program" Ensign Windows "is a very flexible and can be used to show trends, timing, and price levels. "Square Hanna" indicate the possible time and price movements of major maxima and minima. To build a "square Hanna" on the schedule requires the start and end points. Since the "square Hanna" indicate the possible values for the future of bars, it is often useful to move the bars schedule left, so that the right of the graph, it was clear the place. To build a "square Hanna" on the graph move the cursor on the graph at the starting point. The starting point in the general case is an important maximum or minimum on the graph. Then the cursor is dragged to the right until the desired end point is not reached. Start and end points are corners of the square. The ultimate point is often located on the right side of the schedule. Let's see how to form a tool for setting parameters.
Saturday, October 17, 2009
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