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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 September, 2011

Tutorial: Price Alerts in MetaTrader

September 9th, 2011

There are two different ways to get price alerts in your MetaTrader Forex trading platform. The first one is to use the built-in Alerts system. The second way is to use the special Price Alert indicator. The former is much simpler and more customizable, while the latter allows setting visual …

EUR/USD Sharply Drops on Pessimistic Speech of ECB President

September 8th, 2011

EUR/USD posted a biggest drop in a month today as European Central Bank President Jean-Claude Trichet said that the ECB policy makers “expect the euro area economy to grow moderately, subject to particularly high uncertainty and intensified downside risks”. (Event A on the chart.) Market participants speculated that such words mean the ECB …

Carry Trade Opportunity with SNB’s Help

September 7th, 2011

As you all probably know already, the Swiss National Bank (country’s central bank) has pegged the Swiss franc’s Forex rate to the euro at about 1.20. The Swiss financial authorities got tired with their inability to weaken the currency using less drastic measures (classical currency interventions) and have just …

Forex Trader’s Bills of Rights

September 6th, 2011

The problem of choosing the Forex broker, determining what properties of a broker are important and deciding what’s rightful for a trader to demand from his broker is widely discussed online. There are 5 articles on this topic published on EarnForex.com:

Aussie Broker with MetaTrader and FX Power Trader — Harbour FX

September 5th, 2011

Harbour FX is the latest addition to my Forex broker list. It’s a rather new Australian Forex broker that offers trading both via MetaTrader 4 and via FX Power Trader platform. Although it’s an ECN type broker, the cost of trading isn’t very low with it. …

RTATC2011 — Day 8 — Forward-Testing and Final Back-Test

September 4th, 2011

Almost one month has passed since I last posted about my Road to ATC 2011. Some important changes were applied to my MT5 expert advisor that I plan using during the contest. After a period of extensive back-testing the EUR/GBP pair was substituted with EUR/USD and Z-Score optimization was …

Forex Technical Analysis for Week 09/05—09/09

September 3rd, 2011

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.3710 1.3947 1.4075 1.4312 1.4440 1.4677 1.4805
GBP/USD 1.5756 1.5943 1.6079 1.6266 1.6402 1.6589 1.6725
USD/JPY 75.56 75.98 76.39 76.81 77.22 77.64

EUR/USD Advances as US Employment Growth Stalls

September 2nd, 2011

EUR/USD was rising for almost whole trading session, but jumped after nonfarm payrolls showed that US employers virtually weren’t adding jobs last month. Unemployment rate managed to stay unchanged. The report was very pessimistic for the US economy and for the dollar too as talks about next round of quantitative …

EUR/USD Slumps as US Manufacturing Grows

September 1st, 2011

EUR/USD extended its slump for the third day as US manufacturing expanded last month, while it was expected to decline, and jobless claims decreased last week. As for negative news, construction spending didn’t rose as was predicted, but showed a noticeable drop.

Initial jobless claims (seasonally adjusted) decreased to 409k …

Cheap US VPS Hosting for MT4 — Skydesks

September 1st, 2011

Skydesks is the new VPS provider that specializes in Forex trading. You will get pre-installed MT4 for almost any Forex broker with this hosting service. Although their site makes many references to ”clouds”, it has nothing to do with the recently popular cloud hosting concept. Nevertheless, …

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