Forex Technical Analysis for 09/01—09/05 Week
Saturday, August 30th, 2008EUR/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 | |
…
Archive of Forex blog posts for August, 2008
Forex Technical Analysis for 08/25—08/29 Week
Saturday, August 23rd, 2008EUR/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 | |
…
A Six-Part Study Guide to Market Profile — Free eBook
Friday, August 22nd, 2008Today 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 —…
EUR/USD Rises above the Friday Open Level
Thursday, August 21st, 2008Dollar 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.
Statstical Forex System — Example MT4 Expert Advisor
Wednesday, August 20th, 2008After 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…
EUR/USD Continues Falling on High PPI in U.S.
Tuesday, August 19th, 2008EUR/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…
Statistical Forex System — Complexity of a System
Monday, August 18th, 2008The 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…
Statistical Forex System — Decision Making
Sunday, August 17th, 2008After 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…
Forex Technical Analysis for 08/18—08/22 Week
Saturday, August 16th, 2008EUR/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 | |
…
EUR/USD Slides to New Monthly Lows
Friday, August 15th, 2008EUR/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…
