The Asian session, when Europeans are asleep, is considered a more quiet time in the forex market. But the times they are a-changin – the Asian session is becoming more volatile. Here are the reasons for this change and who can benefit from it. As the Greek crisis continues to be a dominant issue that … “Asian Session – Not so quiet anymore”
Category: Opinions
5 Limitations of Back Testing
There are lots of forex trading system and EAs out there. Some may be good and others can be bad. While it’s definitely a good start, it isn’t bullet proof. Expert Advisors (EAs) are small pieces of software that automatically open and close forex positions according to the code written inside. MetaTrader has an excellent … “5 Limitations of Back Testing”
Still Looking For That Perfect Indicator?… Stop That Right
Guest post by Jason Madison, independent trader and founder of BeatWallStreetNow.com How many times have you been burned because an indicator got you into a trade too late? Well that is a common problem that many traders face because indicators by their very nature are lagging. An indicator will only tell you about a move after … “Still Looking For That Perfect Indicator?… Stop That Right”
EUR/USD Candle Breakout Update
Guest post by Jason Madison, independent trader and founder of BeatWallStreetNow.com Hello Everyone, I hope the forex markets have been treating you as well as they have been treating me and I hope you all have been using that technique I showed you to make lots of pips. Today we are going to take a look … “EUR/USD Candle Breakout Update”
Forex Robots Factory Review
Forex Robots Factory is a website that aims to show how Expert Advisors (EAs) perform on a live account. It provides various tools for analyzing the robots. Here’s a review of the site. The site currently hosts 42 robots. New ones can be suggested through the “Report a Robot” page. Note that not all the authors … “Forex Robots Factory Review”
How Japan Took the Safe Haven Role from Switzerland
The Swiss Franc didn’t work as a safe haven currency during the recent crisis – the dollar and the yen took this role. Here’s the story. In the past, the Swiss Franc had a reputation as the No. 1 safe haven currency. This means that every time that there was an economic crisis, political instability, … “How Japan Took the Safe Haven Role from Switzerland”
EUR/USD Breaks Down on Contagion
Yesterday it was Spain and today its Portugal – EUR/USD broke below another important technical barrier and continues the free-fall. An update on European events and on technical levels for EUR/USD. Moody’s put Portugal on review for a credit downgrade. This took EUR/USD to the next level – the 1.2886 support line, which was the … “EUR/USD Breaks Down on Contagion”
Strong Recovery? Nonfarm payrolls preview
Yet again, expectations are high from the upcoming Non-farm payrolls release. Great expectations can turn into great disappointments, but this seems like a win-win situation for the greenback. Here’s what to look for from this release of the “king of forex”. According to economists’ estimations, American Non-Farm Payrolls are predicted to show another month of … “Strong Recovery? Nonfarm payrolls preview”
EUR/USD Breakout Alert – Candle Breakout Technique
Guest post by Jason Madison, independent trader and founder of BeatWallStreetNow.com Hello Everyone, By now you all should be familiar with the inside candle breakout technique I showed you in my previous posts, and hopefully you have been making some pips with it. Today I am going to alert you to breakout that is going … “EUR/USD Breakout Alert – Candle Breakout Technique”
Support and Resistance (S&R) Analysis – May 3rd
Guest post by bforex EURUSD: The EUR has been under pressure lately, but is bouncing off lows after touching an intra day low just north of 1.31. The 50 day moving average will act as strong Resistance for the EUR. However, a close above the 50 day MA coupled with a close above the 23.6% … “Support and Resistance (S&R) Analysis – May 3rd”