This blog offers fundamental analysis, technical analysis and various currency trading information.
EUR/USD sank today following the releases of European Purchasing Managers’ Indices by Markit. While they were not completely negative, showing a mix of good and bad results, the currency pair did not respond well to the reports. US PMIs, on the other hand, were unquestionably disappointing, but that did not help …
EUR/USD rallied intraday but has trimmed its gains later. US macroeconomic data beat expectations, adding to the downside momentum of the currency pair.
US trade balance deficit shrank to $49.4 billion in February, down from $51.1 billion in January. That is instead of rising to $53.5 billion …
EUR/USD rallied on Monday but lost its gains later and settled near the opening level. Trading was relatively quiet, with absence of any major events.
NY Empire State Index climbed to 10.1 in April from 3.7 in March. Analysts had predicted a smaller increase to 8.1. (Event A on the chart.)…
EUR/USD rallied intraday but failed to keep gains and is now trading slightly below the opening level. The worse-than-expected US consumer sentiment did not stop the decline.
US import and export prices rose in March. Import prices rose 0.6% following the revised 1.0% increase in February (0.6% before the revision). …
EUR/USD declined today. While the currency pair had started falling before US macroeconomic releases, the positive US economic data added to the downward momentum of the pair.
PPI rose 0.6% in March, seasonally adjusted, accelerating from the February’s 0.1% rate of growth and beating the average forecast of a 0.3% increase. (Event A on the chart.)…
Two events should have had a big impact on the EUR/USD currency pair on Wednesday — the monetary policy meeting of the European Central Bank (event A on the chart) and the monetary policy minutes of the Federal Open Market Committee. Yet surprisingly, the pair settled a little higher despite both events turning out …
EUR/USD was extremely volatile after the release of US nonfarm payrolls today. Initially, the currency pair attempted to rally but failed to hold onto gains and was trading slightly below the opening by the session’s end.
Nonfarm payrolls showed a growth of employment by 196k in March, which exceeded the average forecast of 172k. The February …
EUR/USD rallied on the positive market sentiment caused by the optimistic outlook for the Sino-US trade talks. Currently though, the currency pair has trimmed its gains. While the EUR/USD pair attempted to gain on poor US macroeconomic releases, the attempts failed and the pair continued to move lower, though remained above the opening level.
ADP …
If you want to be sure that your strategy can yield better results than you would attain by simply buying and selling randomly, you need to test it. There are two ways of doing it: backtesting (when you use past data to see how the strategy …
Apart from some bugfixes, the version 2.18 of Position Size Calculator contains three new features:
The new version of Market Profile, which has been released just now, implements two new major changes and two minor ones.
The first major change is that you can now control how the indicator processes Saturday and Sunday candlesticks. Before the update, it would try …
With ampler layout and lots of bugs squashed, version 2.15 of Position Size Calculator together with version 1.06 of PSC-Trader have been released today. The main goal of this update was to fix as many errors and inconsistencies in calculation and display as possible. The second goal was to add some of the requested …
Upon receiving quite a lot of feedback and suggestions on further improvement of the Market Profile indicator, I have finally managed to prepare the new version — 1.08. The latest build is now more robust than ever:
The newest version (2.14) the Position Size Calculator indicator, which is released today, introduces a new way to set stop-loss and take-profit for your potential trade setups. You can set the new input parameters UseFixedSLDistance and UseFixedTPDistance to true to turn this new mode on:
The example …
Two years ago, I have added the capability for a Market Profile indicator to work with weekly and monthly trading sessions. One of the members of our Forum suggested adding customizable intraday sessions to Market Profile. Considering the fact that quite a few Forex traders use Market Profile for analysis, …
Today’s update to the Position Size Calculator indicator is not as big and significant as the last one, but I am sure the version 2.08 will be interesting to many traders.
Platform profile change will no long disrupt your panel location, minimization status, and settings:
Pip value…
It is time to roll out a new version of the Position Size Calculator indicator. Although the new release does not implement any breakthrough changes it introduces some useful features and fixes one annoying bug.
Take-profit button multiplier (set via input parameter) can be …
I remember myself during my early Forex years, sitting on a bunch of positions across five or six currency pairs and thinking — how do I make them all close at once when their total profit reaches my target? Now, I have developed a tool that does exactly that. I am pleased to announce the launch …
A successful currency trader needs a proven trading strategy. Many traders prefer strategies based on trends. Such strategies work best with currency pairs that trend well. Monitoring a predominantly range-bound currency pair (USD/KRW, for example) would yield little result, even with a solid trading strategy…
Arbitrage is a practice of earning money by simultaneously buying and selling the same asset on different markets without exposing yourself to the asset value risk. The simplest example of FX arbitrage would be to buy a currency at one broker at an Ask price that is lower than the Bid price you can sell it …
Currency trading is by and large carried out in the OTC (over-the-counter) market. Lack of a central regulatory authority has given rise to numerous Forex brokers with offices in exotic locations. A large section of the retail traders depend on these Forex brokers to trade currencies from the comfort of their home. While it just …
As per efficient market hypothesis, it is almost impossible to outperform the market. The reason is that market’s efficiency ensures that relevant details of an asset are incorporated in the prevailing trading price. It means that, theoretically, there is no possibility of buying and selling an asset low and high respectively. …
Many think of bitcoin as an investment and rightly so, it has grown from being worth fractions of a penny to being worth hundreds of dollars in a few short years. Price fluctuations have made it a popular commodity to trade both in the futures market and in real time. Bitcoin now easily surpasses $100 …
Food has a direct effect on the performance of a trader. A healthy diet keeps a trader alert and active throughout the day. This would ultimately enable a trader to have a clear understanding of the price movement in the market, to validate signals without lack of concentration and to take successful trading decisions without any dilemma. In this regard, let …
Update 2017-09-15: The review has been updated to provide current information on the calendars’ page load speed, number of events, and forecast accuracy. Also, since WBPonline.com no longer offers an active Forex calendar, it was replaced with TeleTrader calendar review (do not confuse with the scam broker …
While all transactions in a stock or futures markets are carried out under the supervision of an exchange, Forex is an over-the-counter market where the transacting parties can be from different corners of the globe. Thus, in the interest of investors, it becomes all the more important for the regulatory authorities to closely monitor the brokers facilitating the trades. …
Originally, I intended this post as a do-it-yourself guide on how to add alerts to MetaTrader indicators without knowing how to code at all. But writing it, I came to realization that even if a trader knows nothing about MQL language and coding he will have to learn some basics through this …
The normal gap trading strategy — that is buy/sell after a weekly gap to profit from gap’s compensation — has a nice statistical evidence behind it. But what do we know about forecasting the weekly gaps based on information available to us on late Friday session?
I have decided to backtest …
Market Profile indicator is a powerful tool developed by a CBOT trader. Its original purpose was to graphically organize price and time information obtained during a trading session in a manner useful to traders. Today’s Forex market is quite different from what commodity futures trading was back in 1985 …
Without looking at any charts, my first thought about the strongest major currency during the last five years would have been the US dollar. After all, it was the major winner in the global financial crisis of 2008 when the markets had run for safety while the dollar’s rivals fared poorly. …
If you ever wondered what is the total cumulative risk of your currently open orders and positions, then my latest MetaTrader tool — Risk Calculator — will help you to answer that question even if you have many orders with interwoven stop-loss and take-profit levels.
Although, I am …
The aim of a Forex trading checklist is to prevent impulsive trading and accidental mistakes. An essential checklist for smooth execution of a basic Forex trading entry is presented below. Feel free to build on it and modify it according to your trading style.
The influence of the US presidential cycles on the stock market is known for years. There are articles published in the peer-reviewed economics journals focusing on the idea of trading using the presidential cycle as a signal. One of the latest such articles is The Four-Year U.S. Presidential Cycle and the Stock Market published in Graziadio Business Review by Marshall Nickles …
