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EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: hold.
EUR/JPY trend: sell.
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| EUR/USD | 1.4322 | 1.4447 | 1.4562 | 1.4687 | 1.4802 | 1.4927 | 1.5042 |
| GBP/USD | 1.7390 | 1.7781 | |||||
EUR/USD trend: sell.
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 | 1.4446 | 1.4561 | 1.4677 | 1.4792 | 1.4908 | 1.5023 | 1.5139 |
| GBP/USD | 1.8379 | 1.8442 | |||||
Today I offer you a new free ebook to download from my site — A Six-Part Study Guide to Market Profile. Actually it’s not very new — it was written in 1996 by the Chicago Board of Trade professionals. It thoroughly explains the one of the most innovative but not too popular trading concept — the …
Dollar declined today against the euro, allowing EUR/USD currency pair to rise above the last Friday’s open level. Currently it is trading near 1.4863 — 58 pips above Friday’s open. The decline was most probably caused by the investors’ concerns related to the U.S. financial market.
After saying so much about the statistical Forex systems, I think it’s time to give an example of one. But first, I have to warn that this exert advisor «as is» wasn’t profitable during tests — it had its losses and gains, but spread losses took over eventually, so I can’t suggest using it on your real …
EUR/USD declined today for the fourth day as the producer price index was reported at a higher than expected level in the United States. Even the worsening of the housing market failed to press on the U.S. dollar today.
Building permits were at 937k in July down from 1,138k …
The final part of my introduction into statistical Forex system development is dedicated to the complexity of the resulting expert advisor (or automated program if you want to create such strategy for anything else than MetaTrader platform).
When traders think …
After statistical Forex systems were introduced in my blog, I’ve described the problems of timeframe selection and statistics gathering. Now it’s time to discuss the decision making problem of such trading systems.
When a completed strategy has enough statistical information and a sample from the current market …
EUR/USD trend: sell.
GBP/USD trend: sell.
USD/JPY trend: buy.
EUR/JPY trend: sell.
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| EUR/USD | 1.4115 | 1.4388 | 1.4538 | 1.4811 | 1.4961 | 1.5234 | 1.5384 |
| GBP/USD | 1.7619 | 1.8066 | |||||
EUR/USD declined to its new minimum level since February 20 — 1.4700. Although it’s currently trading significantly above that level (at 1.4743), there’s a little doubt regarding further trend direction of this currency pair.
According to a report that was released today NY Empire State index rose to 2.8 in August compared …
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