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Forex Blog
My Forex experience and some Forex related information that might be useful to other traders

Archive

Archive of Forex blog posts for February, 2008

Hedging Strategies in Forex

February 18th, 2008

There are two new Forex articles that I have uploaded on my site today. They are written by Mary McArthur and they both are about hedging in Forex. Hedging is a simultaneous buying and selling of the same trading instrument. It has a great potential on the volatile and less trendy markets. One articles describes the Forex …

Pivot Points Indicator for MetaTrader

February 18th, 2008

A new indicator is available for download now — it’s TzPivots. It shows the daily pivot points directly on the MetaTrader chart. It’s easy to use — you only need to set two input parameters for it to work properly:

  • LocalTimeZone — should be set to your MetaTrader server’s time zone

Forex Technical Analysis for 02/18—02/22 Week

February 16th, 2008

EUR/USD trend: hold.
GBP/USD trend: sell.
USD/JPY trend: hold.
EUR/JPY trend: hold.

Floor Pivot Points:
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.4310 1.4396 1.4538 1.4624 1.4766 1.4852 1.4994
GBP/USD 1.9093 1.9247

Poor U.S. Macroeconomics Push Dollar Down

February 15th, 2008

This week ends far worse for dollar bulls than they may have expected. Only Wednesday was an uptrend day for the U.S. dollar, but it didn’t gain a lot that day. Friday brought in the break through the 1.4700 resistance level on EUR/USD. Some disappointing data on the …

Xforex — Web Based Broker without Demo (Actually It Has Demo Accounts)

February 15th, 2008

Xforex is a Forex broker that I added to the broker lists on my site today. It’s not a new Forex broker at all — it operates on-line since 2003. It has only a web-based trading platform which is optimized for IE, but it also works with Firefox too (though there may be some glitches). Trading platform itself …

EUR/USD Grows on Trade Balance News

February 14th, 2008

EUR/USD rose from 1.4575 to 1.4635 today after the news from the U. S. Department of Labor and the U. S. Census Bureau arrived. Despite them being better than expected, they failed to stop dollar or even stock markets from declining today.

Initial jobless claims for the last week went …

Dollar Appreciates Today on Good Fundamentals

February 13th, 2008

Dollar was almost unchanged versus euro today before some important to fundamental analysis indicators were released in U.S. EUR/USD opened at 1.4580 and made some moderate movements in both directions, but has been near the opening level before the statistics came out. Good data had an improving effect …

4 Ways in Which the Weather can Affect the Forex Markets (by Heather Johnson)

February 13th, 2008

Currency trading can be approached using a number of different methods. Many mathematical purists will tell you that technical analysis is the only way to go, swearing that they can see the future by poring over chart after chart after chart. Others glance at the trends, ruminate for a minute …

Position Size Calculator and Pip Value Calculator

February 11th, 2008

I’ve added a new calculator to the Forex tools section of the site — it’s a Position Size Calculator. It’s largely inspired by the Forex Position Size Calculator created by Rich Paredes from ForexProject.com. I’ve tried to improve it with own vision of the position size calculation and now you can check it out. It calculates …

Forex Technical Analysis for 02/11—02/15 Week

February 9th, 2008

EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: sell.
EUR/JPY trend: sell.

Floor Pivot Points:
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3939 1.4189 1.4348 1.4598 1.4757 1.5007 1.5166
GBP/USD 1.8900 1.9144
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