Serving Traders Since 2005
Jay Lakhani is a successful Forex and stock trader with a great experience as a mentor for the newbie Forex traders. He believes that the trader’s psychology and the money management basics should receive much more attention during the learning process than the usual market theory. His …
EUR/USD is currently trading with a small daily gain after a rather weird volatility demonstrated yesterday (it posted long spikes both up and down but closed near the open level). The U. S. fundamental released are quite optimistic. Although they should benefit U.S. currency more, the …
EUR/USD is falling for the third day today. It’s currently in the red zone but the most of the daily fall is in the past — in a form of a rather long downward spike. Traders expressed almost no reaction to the today’s U.S. fundamental news. EUR/USD is currently trading near 1.3229.
Wholesale inventories were …
Trailing stop allows you to automatically protect the profits with your positions. It adjusts itself according to the current market rate and the amount of pips you give it to trail behind. Trailing stop is a great tool for the conservative and long term traders as it easily creates protective «airbag» for the trades. There are two basic ways …
LiteForex broker announced a promotion campaign for the Forex traders from the following list of countries: U.S., Nigeria, Brazil, Thailand, Malaysia, Indonesia and Russia. Anyone who opens account between the April 1st to June 30th, makes his first deposit and applies for participation …
Many traders ask me for the detailed descriptions of the Japanese candlestick patterns that are detected by the MT4 indicator Pattern Recognition Master. So, here’s the list of the patterns that it can recognize with the corresponding chart pictures and signal descriptions:
| Bearish patterns | |
|---|---|
 |
Shooting star. Can signal an end of the bullish trend. Should be confirmed by other |
EUR/USD trend: buy.
GBP/USD trend: buy.
USD/JPY trend: buy.
EUR/JPY trend: buy.
| Floor Pivot Points | |||||||
|---|---|---|---|---|---|---|---|
| Pair | 3rd Sup | 2nd Sup | 1st Sup | Pivot | 1st Res | 2nd Res | 3rd Res |
| EUR/USD | 1.2820 | 1.2966 | 1.3225 | 1.3371 | 1.3629 | 1.3775 | 1.4034 |
| GBP/USD | 1.3615 | 1.3862 | |||||
Euro was trading in the red zone against the dollar for the major part of the today’s trading session but immediately after the report on the U.S. employment sector was released, the EUR/USD currency pair hastened down considerably. Currently it’s trading near 1.3400.
EUR/USD rose at a very fast pace today, posting the biggest daily gain since March 18 so far. Mixed news on the U.S. fundamental indicators didn’t affect the trading much as the Forex traders looked at the ECB’s rate cutting action. EUR/USD is currently trading near 1.3413.
Last week initial …
EUR/USD fell from 1.3242 to 1.3222 (only 20 pips) today. The news reports from U.S. were mixed, but they were bad enough to destroy the market optimism and shift the focus on the Forex from the dollar’s weakness to tomorrow’s ECB rate decision.
According to ADP report, the private …
