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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 November, 2011

How Many Forex Brokers Did You Trade with?

November 7th, 2011

I have no problem believing that some Forex traders are lucky enough to find the perfect broker the first time they open a live trading account. In this case their search for good execution, honest quotes and responsive support ends there. But for the rest of the traders, the search for a good broker lasts …

Forex Technical Analysis for Week 11/07—11/11

November 5th, 2011

Floor Pivot Points
Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res
EUR/USD 1.2980 1.3294 1.3542 1.3856 1.4104 1.4418 1.4666
GBP/USD 1.5591 1.5733 1.5881 1.6023 1.6171 1.6313 1.6461
USD/JPY 71.98 73.76 75.97 77.75 79.96 81.74

US Payrolls Show Slower Employment Growth, EUR/USD Down

November 4th, 2011

EUR/USD was rallying today, but dropped as fear returned to the Forex market and trades shun the shared European currency. Greek Prime Minister George Papandreou may lose his post and that may postpone the bailout for Greece for undetermined time. The US payrolls showed that the employment growth slowed last month, …

EUR/USD Goes Up as ECB Reduced Rates & Greek Referendum Won’t Occur

November 3rd, 2011

EUR/USD advanced today after the European Central Bank surprised markets, reducing its main interest rate (event B on the chart), and Greek Prime Minister George Papandreou canceled the planned referendum. The European Union leaders threatened to throw Greece out of the Union in case the country would reject the bailout. The lower interest …

EUR/USD Rallies as FOMC Keeps Rates Record Low

November 2nd, 2011

EUR/USD rallied today even though concerns about the planned referendum in Greece regarding the austerity measures required to get bailout rule the Forex market. The euro reversed its upward movement for a short time, but currently it resumed its rally. The Federal Reserve helped the currency pair buy keeping the interest …

EUR/USD Down, Awaiting Greek Referendum

November 1st, 2011

EUR/USD extended its decline for the third straight session today as Greek Prime Minister George Papandreou said he’s going to put the European Union bailout plans for Greece to a referendum. A negative vote may lead to a default of the nation. The reports from the US yesterday and today signaled that the economic growth is slowing. …

New Moving Average Expert Advisor — with 3rd Generation MA!

November 1st, 2011

After coding down the 3rd Generation Moving Average indicator it was a very logical step to create an expert advisor from it. Since I’ve already had the Adjustable MA EA, which offers a lot of customization of trading parameters, I’ve decided to use it as the base for the similar …

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