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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 November, 2009

Expert Advisor for AUD/JPY Strategy

November 20th, 2009

Today I added my first MT5 expert advisor to EarnForex.com — AUD/JPY Wednesday 15:00 EA. This EA expert advisor is an implementation of the previously mentioned Forex trading strategy for AUD/JPY. Of course, this EA goes not only in MT5 but also in MT4 version. Both versions …

EUR/USD Falls on Risk Appetite Decline

November 19th, 2009

The EUR/USD currency pair dropped significantly today after a considerable rise yesterday, in a week marked by high volatility so far. A negative day in stocks markets and a rising risk aversion brought investors back to dollar-priced assets, in a day were refuge currencies like the yen performed the best. A part from a better …

EUR/USD Up on Weak U.S. Construction Data

November 18th, 2009

The EUR/USD currency pair remained bullish during most of today’s session paring previous losses from the beginning of the week, the interest rate outlook in the United States sees no hikes in the mid-term future, shunning away traders from dollar-priced assets. The construction industry provided frustrating numbers today on building permits and housing …

EUR/USD Down Despite Disappointing U.S. Data

November 17th, 2009

The EUR/USD currency pair fell significantly today on international economic events even if the U.S. economic data released frustrated most of forecasts, indicating a less optimistic, but still positive performance for industrial production and producer price index. Risk appetite was down favoring the dollar today, as the IMF forecast a slow …

Web & MT4 Forex Broker

November 17th, 2009

BTrader is the latest Forex broker that was added to EarnForex.com today. This broker offers both MetaTrader 4 and web-based trading platform (WebFX), which can be convenient for many Forex traders that prefer browser-based access to their trading account over the power and complexity of the MT4 platform. …

EUR/USD Approaches 1.5 on Positive Retail Sales

November 16th, 2009

The dollar traded lower against the euro during the trading session today and came close to the euro’s major resistance level near 1.5000. EUR/USD benefits from the unexpected jump in the retail sales reported for October, ignoring the disappointing data on the manufacturing sentiment index. The currency pair is currently trading near 1.4975, maintaining …

Bullish or Bearish Bias in Forex?

November 16th, 2009

When the average number of long trades is higher than the average number of bearish trades due to some fundamental or technical reasons, it is said that the market is in a bullish bias. If the short trades prevail then it’s called a bearish bias. Stock market is known to have a rather …

Deposit Bonus from eForex Broker

November 14th, 2009

Starting from next Monday — November 16th, and ending December 31st 2009, you can receive a generous bonus from eForex broker for your deposit to a real trading account. First of all, you get a free new account bonus of $25 just for opening an account. Second, you get the deposit bonus …

Forex Technical Analysis for 11/16—11/20 Week

November 14th, 2009

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

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.4574 1.4697 1.4801 1.4924 1.5028 1.5151 1.5255

Lotus Elise from InstaForex

November 13th, 2009

After offering a drawing of a Hummer H3 SUV to its real account traders, InstaForex now announced a new promotion. They will give away Lotus Elise roadster to a random winner, who will be determined by the special “Lotus number” on May 27, 2011 (yes, it’s a 1.5-year long contest). …

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