Serving Traders Since 2005
I uploaded a new e-book about trading in the psychology section today. It’s The Disciplined Trader by Mark Douglas. The book is all about the process of developing the new winning attitudes in the financial market traders. The great deal of success in the market depends on a clearness of the trader’s mind and his ability to make rational thoughtful decisions. Unfortunately the market is quite …
More than 6 months have passed since I’ve updated expert advisors section with a new EA last time. So, today the new addition is ready to be downloaded by the traders. myPickyBreakout was inspired by test presented in the latest issue of the Currency Trader Magazine. It’s based on a simple breakout …
Not many U.S. traders are interested in the chart pattern analysis today after the 4th July holiday, but I hope there are those that will find some application for these new patterns that I’ve plotted for my own use. Again, only two patterns this …
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 | 1.3563 | 1.3694 | 1.3875 | 1.4006 | 1.4186 | 1.4318 | 1.4498 |
| GBP/USD | 1.5893 | 1.6050 | |||||
You’ve probably seen the standard MetaTrader ZigZag indicator that is capable of drawing lines from one chart extremum to another. It looks good and neat but it has two disadvantages: it’s not very accurate and it also has a bad delays for detection, because it is quite linear in its nature. This …
EUR/USD declined past the yesterday’s open level today as the currency traders reacted on the deeper than expected drop in the U.S. nonfarm payrolls. Worsening of the employment market situation spurs speculations that the recovery from the current crisis may be quite far from now. Going …
The euro rose against the dollar today as some important economic indicators in U.S. showed a recovery from the global crisis, while only construction spending report showed a negative dynamics. EUR/USD is now trading near 1.4171 — the highest value since June 5.
