Archive

This time I’ve converted an MT4 indicator Murrey Math Line X to MT5. It’s based on the Murrey Math rules and shows the many support/resistance/pivot linesб which have their own significance and can greatly help a Forex trader to set his or her order entry and exit levels. It was quite …

The euro erased its yesterday’s losses against the U.S. dollar as Spanish bond auction alleviated fears of the European debt crisis, while the dollar was weakened by some unfavorable macroeconomic reports. An unexpected increase of initial jobless claims and a sharp drop of Philadelphia Fed index were especially frustrating. EUR/USD currency pair …

The EUR/USD dropped today after a speculation arose that a bailout are planned for Spain. This rumor was later dismissed, causing the euro to rebound, but now the European currency is heading down again. The data from the U.S. again showed mixed results. The industrial sector showed good performance, while …

The euro was crippled today after Moody’s Investors Service reduced Greece’s credit rating, but managed to recover and resumed its rally. The data from the U.S., released today, left mixed feelings, but James Bullard, the President of the Federal Reserve Bank of St Louis, reassured that “the macroeconomic recovery in the U.S. …

Today, I present to your attention an interview with Loucas Marangos, CEO of TFI Markets. He’s agreed to answer some questions regarding their Forex broker and the currency trading market as a whole.

What makes traders choose you as their Forex broker? I mean the main features they look for when …

Following up on my blog posts about the importance of keeping a trade journal in Forex trading. I’ve decided the ask my readers if they use this great tool for improving the overall Forex system and money management in particular. You can find my previous posts with a good example of trade journal (in Excel format) …

The chart pattern of symmetrical triangles has formed on GBP/JPY daily chart. It has an almost perfect symmetry and more than enough spikes both up and down to confirm its two sloping limits. And the current price is quite close to the apex, so the breakout can be expected soon. It’s a continuation …

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

…

The euro suffers volatility today after three days of gains against the U.S. dollar as it initially rose, then experienced a sharp decline and now resides near the opening level. Today’s data from the U.S. should cause mixed feeling among traders as retail sales unexpectedly and sharply declined, yet consumer …

The euro extended its rally for a third day as growing Chinese exports suggested that an impact of the European troubles on the global economic recovery might be alleviated by the Asian economic growth. In the same time, today’s reports showed not the best results for the U.S. economy with the growing number of initial jobless claims and the increasing …