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Forex Blog
My Forex experience and some Forex related information that might be useful to other traders

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Archive of Forex blog posts for May, 2011

Trend Indicator with Filtering Option

May 22nd, 2011

If you want some help in determining the current trend direction for your trades, then my new Dots indicator is for you. It’s based on NonLagDot MetaTrader indicator. Unfortunately, the original indicator is prone to repainting its previous chart arrows based on the new data and thus isn’t a good …

Forex Technical Analysis for Week 05/23—05/27

May 21st, 2011

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3724 1.3886 1.4022 1.4184 1.4320 1.4482 1.4618
GBP/USD 1.5920 1.6012 1.6120 1.6212 1.6320 1.6412 1.6520
USD/JPY 79.20 79.91 80.80 81.51 82.40 83.11

5 Forex Blogs I Recommend Reading

May 20th, 2011

I’m not a big fan of lists, but when it comes to trading, it’s very important not to waste time on reading some nonsense and useless posts. That’s why I’d like to introduce a list of Forex blogs that I strongly recommend as the useful sources of daily market information, education, fundamental insights …

EUR/USD Volatile, US Economy Looks Bad

May 19th, 2011

EUR/USD jumped up and down today. The euro weakened the decline of stocks and commodities drive investors to safe assets, but the dollar also loses strength as the US economy continues to show signs of weakness. The US jobless claims decreased last week and that was good news, but virtually all other reports …

US Economy Slows in April, EUR/USD Goes Up and Down

May 17th, 2011

EUR/USD advanced today and failed later, then rose again only to drop even lower. Currently the euro attempts to climb again, but without any significant success so far. The economic reports today extended yesterday’s tendency to disappoint Forex market participants (at least those who bet on dollar’s strength) …

Another Unregulated ECN Broker from UK — Real Forex

May 16th, 2011

Real Forex is the name of the newly added broker on EarnForex.com. Apart from an arrogant title, this company is notable for its custom Real Stream FX platform for ECN trading. It supports FIX API that allows connection to 10 different market liquidity providers. This broker is based …

EUR/USD Gains as EU Meeting Brings Hopes for Greece

May 16th, 2011

EUR/USD rose as the European Union finance ministers conduct meeting in Brussels to discuss the debt issues of the peripheral economies, including Greece. The US manufacturing slowed this month, further boosting the currency pair. EUR/USD currently trades at 1.4168.

NY Empire State Index was at 11.9 in May. It’s almost …

Forex Broker with 3 ECN Platforms — SunbirdFX

May 15th, 2011

A particularly interesting Forex broker was added to the list on EarnForex today — SunbirdFX. They claim to be based in UK but still aren’t regulated by any financial authority there. Apart from the traditional STP trading via MetaTrader 4, this broker offers ECN trading via 3 …

Forex Technical Analysis for Week 05/16—05/20

May 14th, 2011

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3599 1.3832 1.3974 1.4207 1.4349 1.4582 1.4724
GBP/USD 1.5684 1.5915 1.6054 1.6285 1.6424 1.6655 1.6794
USD/JPY 78.99 79.57 80.17 80.75 81.35 81.93

US Consumer Sentiment Improves, EUR/USD Erases Gains

May 13th, 2011

EUR/USD surged today on the positive economic data from Europe, but quickly lost its gains. The US economy also showed robust growth as the reports about inflation and consumer sentiment indicated. EUR/USD trades now at 1.4193, following the jump from 1.4244 to 1.4340.

US CPI rose 0.4% in April on a seasonally …

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