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Forex Software and Strategies

EURUSD trade

Posted by on Jul 29, 2011 in Live Trading | 0 comments

EURUSD trade

Quick scalp at round number for 6.8p profit. The position lasted 18 seconds.

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Bottom fishing

Posted by on Jul 12, 2011 in Live Trading | 0 comments

Bottom fishing

Let’s try some bottom fishing. Initial stop was -10p, now it is -6p. 1st part closed at +7.5p (1.5p slipp), 2nd at +11p.

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EUR/USD

Posted by on Jul 12, 2011 in Forex Analysis | 0 comments

EUR/USD

EUR/USD tumbled again yesterday after it is perfectly clear that Greece is near default. The statements after the meeting of Eurogroup failed to inspire the forex market participants and they gunned the stops below 1.3970/60 this morning. But the main problem is not a small country like Greece. Italian yields jumped to 5.7% and now threaten the sustainability of the country’s finances. If one of the largest EU economies goes into trouble I can’t imagine what will be consequences...

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NFP and the new market reality

Posted by on Jul 9, 2011 in Forex Analysis | 0 comments

NFP and the new market reality

I trade and watch the NFP release for many years but I’ve never seen a market reaction like yesterday’s. You can see on the chart how performed the four major currency pairs. Risk currencies (JPY and CHF) appreciated while EUR and GBP were wondering what’s goin’ on for more than a minute. The reason for this is that the NFP data surprised the market. It was expecting +110K but the actual number was just 18K. Why this could happen? The reason is simple. FED printed a lot...

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USD/CHF

Posted by on Jul 8, 2011 in Forex Analysis | 0 comments

USD/CHF

Swiss government decided that it will  will not act again on strong CHF. The monetary policy is conducted by the SNB but they have very bad memories after their last intervention. USD/CHF may be bottoming at these levels. Something like inverted head&shoulders is forming and the lower highs/lower lows sequence was broken by a higher low. I would not advise to attempt a long position at this moment. A better strategy would be to wait for a break above 8550 and looking for an entry on...

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