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Welcome to Your Useful Forex Newsletter. All reports as usual this week but again no infographic as I just do not have time at present (also why this report is late), I will resume asap, apologies. If you have any ideas or suggestions on how we can make Your Useful Forex Newsletter more useful or you have [...]
Written by Jon McFarlane, in No Indicators Trading Strategy
This week a focus on the main Euro pairs on the 4 Hour timeframe. Starting with EURUSD which actually featured in last weeks report too. After getting in Long we have been stopped out for a small loss and we are now Short again – We have not yet had reason to move the Initial Stop [...]
Manufacturing PMI announcements on Tuesday global markets will be watching China closely with Europeans paying closer attention to the German figures.
After moving up over 2,000 PIPs in 6 months USDJPY has now been “Overbought” for 4 months (RSI(14) > 70) – A rare event. Approaching the Key 100.00 level I see potential here for some kind of reversion to the mean (the 52 Week Moving Average).
Written by Forex Wilczek, in 3 Little Pigs Trading Strategy
Pick Of The Week – USDCAD - Not great pickings this week as there is quite a lot of volatility across not just the Currency markets but all Stock and Commodity markets too. USDCAD was one opportunity to get in on a potential new trend with an “In The Money” Stop now.
Written by Jon McFarlane, in No Indicators Trading Strategy
Many requests from those new to NITS for me to provide continuity so I will once again cover EURUSD, GBPUSD and EURJPY on the 4 Hour timeframes – Next week though I will look at some other instruments/timeframes. EURUSD as expected reversed out of our Short trade to the Long side this week.
BOJ Governor Kuorda speaks on Monday – Twice! If you trade the Yen at all pay close attention on Monday - These speeches will affect the market…
“Classic Bull Flag” - After a retrospective look at USDJPY on the Daily chart last week I picked this text book “Bull flag” set up on USDCAD this week (as a potential trade). Risk:Reward = 1:1 – I will explain how to get involved.
Written by Forex Wilczek, in 3 Little Pigs Trading Strategy
Pick Of The Week – EURJPY - EURJPY, USDJPY and EURUSD, the 3 pairs identified in last weeks report all performed well, here is an update on EURJPY. More pairs (not just these 3) have now started to confirm, see main report…
Welcome to Your Useful Forex Newsletter. This weeks infographic covers Basic Forex Order Types which we thought would be useful for those of you new to trading – We are sure that the infographic will also help clarify order types even for those of you who have been trading for a while. Do please remember, if you have any [...]
