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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 June, 2011

Bears vs. Bulls Forex Indicator

June 19th, 2011

Total Power Indicator is the latest addition to the MetaTrader indicators list on EarnForex.com. I’ve got the idea of this indicator from the June issue of the Currency Trader magazine. In short, this indicator uses Bull Power and Bear Power standard indicators to produce a more long-term perspective of the current market situation. …

Forex Technical Analysis for Week 06/20—06/24

June 18th, 2011

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3664 1.3868 1.4089 1.4293 1.4514 1.4718 1.4939
GBP/USD 1.5668 1.5872 1.6032 1.6236 1.6396 1.6600 1.6760
USD/JPY 78.62 79.31 79.67 80.36 80.72 81.41

EUR/USD Jumps as EU Leaders Reach Agreement on Greece

June 17th, 2011

EUR/USD jumped today as it seems that the European leaders have made headway in reaching agreement about plans to save the Eurozone, and Greece in particular, from the debt crisis. The US leading indicators rose last month more that expected and that’s a good sign, which was muted, though, buy the declining …

EUR/USD Slows Decline, Remains Weak

June 16th, 2011

EUR/USD slowed its decline, but the euro is far from being strong. Speculations that Greece’s government may be disbanded and that the nation may face default aren’t helping the currency. The US dollar, on the other hand, is supported by the fundamentals. The reports were very good today, with the notable …

EUR/USD Tumbles as Europe’s Crisis Worsens

June 15th, 2011

EUR/USD slumped today, erasing all gains of this week, as the European leaders can’t find an agreement about measures to deal with the sovereign-debt crisis. Greece’s credit rating was downgraded to the lowest possible ‘CCC’ on June 13. The fears of the possible default drove the euro to the downside even as the US economic data was …

EUR/USD Moves Higher as China Reduces Demand for Safety

June 14th, 2011

EUR/USD rose today as the positive economic data from China reduced demand for the dollar as a safe haven. The euro declined versus the dollar somewhat as the US economic reports were better than expected, but remained strong. EUR/USD trades now at 1.4479.

PPI rose 0.2% in May (seasonally adjusted) following the increase …

RTATC2011 — Day 2 — Components of a Successful EA

June 12th, 2011

So, let’s continue with our preparations for the upcoming ATC 2011. I’ve decided to start with the very beginning and outline the most important components of a successful MetaTrader EA. Please note that while some of the properties described below are good only for participation in ATC, others can be used …

Forex Technical Analysis for Week 06/13—06/17

June 11th, 2011

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3839 1.4080 1.4213 1.4454 1.4587 1.4828 1.4961
GBP/USD 1.5878 1.6045 1.6136 1.6303 1.6394 1.6561 1.6652
USD/JPY 79.07 79.38 79.84 80.15 80.61 80.92

EUR/USD Falls on Better-Than-Expected Fundamentals

June 10th, 2011

EUR/USD tumbled today on the speculation that the economic imbalances in the European Union will force the European Central Bank to slow pace of interest rates hikes, while the US economy shows sign of recovery. The reports about import and export prices and about the budget balance were surprisingly good. EUR/USD currently trades at about …

RTATC2011 — Day 1 — Introduction

June 9th, 2011

With more than 4 months left before ATC 2011, I introduce my RTATC2011 series of blog posts. RTATC2011 stands for Road To ATC 2011 and this year I’d like to publicly share all my preparations for this Forex trading contest.

What?

I plan to share my ideas for EAs, descriptions of various important methods …

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