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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 October, 2011

Forex Technical Analysis for Week 10/10—10/14

October 9th, 2011

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.2796 1.2970 1.3174 1.3348 1.3552 1.3726 1.3930
GBP/USD 1.4965 1.5117 1.5339 1.5491 1.5713 1.5865 1.6087
USD/JPY 75.65 76.07 76.40 76.82 77.15 77.57

EUR/USD Erases Gains as Fitch Cuts Italy & Spain Ratings

October 7th, 2011

EUR/USD rallied today as the positive US nonfarm payrolls increased risk appetite among Forex traders, but sharply dropped after Fitch Rating cut credit rating of Italy and Spain. Payrolls rose in September much more than were predicted, while the growth in the prior month was upwardly revised. Other …

USA-Hosted VPS for MetaTrader — IwisHost

October 6th, 2011

IwisHost is the latest VPS service in the list on EarnForex.com. It’s a USA-based VPS hosting service with Forex-specific additions, like pre-installed MetaTrader 4 and remote desktop control. It offers 4 VPS plans: $15/$25/$35/$45 per month. For more money traders get faster CPU, more RAM and more …

Employment in US Improves, Dollar Feels Better

October 5th, 2011

EUR/USD declined today as the positive ADP employment report made Forex traders hope the non-farm payrolls (released later this week) would be good. The services sector of the United States continued its expansion in September with almost the same pace as in the month before. Federal Reserve Chairman Ben Bernanke testified

Position Sizing Rules

October 4th, 2011

Following a small discussion I had about advantages and disadvantages of using different position sizing techniques in the ATC 2011 championship of the expert advisors I decided to talk a bit more about various position sizing rules that can used in Forex trading. It’s a very important topic and this blog’s readers

Greece Threatened by Default, EUR/USD Fluctuates

October 3rd, 2011

EUR/USD fluctuated today, resulting in almost no change from the opening rate at the present time. The threat of a default in Greece continues to undermine the confidence in the shared European currency, boosting the dollar at the same time. Today’s reports reduced concerns about the economy of the US as manufacturing PMI and construction spending were well above expectations.…

RTATC2011 — Day 10 — ATC 2011 Has Started!

October 3rd, 2011

Like you all probably know already, the ATC 2011 contest has started today. A total of 395 expert advisors will now be competing until December 23. The winner is currently showing about $2,000 profit.

My expert advisor is currently showing a loss due to the EUR/AUD …

Regulated European Broker with Custom Platform — FXFlat

October 2nd, 2011

FXFlat is a very old European Forex broker; it was founded in 1997 and its description is now available on EarnForex.com. The broker is based and regulated in two countries — Germany and Luxembourg. Although, it’s a regulated European Forex broker, it’s not a bank and thus US citizens aren’t allowed to trade …

Forex Technical Analysis for Week 10/03—10/07

October 1st, 2011

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.2943 1.3153 1.3271 1.3480 1.3598 1.3807 1.3925
GBP/USD 1.5156 1.5294 1.5439 1.5577 1.5722 1.5860 1.6005
USD/JPY 75.43 75.82 76.40 76.80 77.38 77.77
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