The following is the hourly chart as of Jan. 29th, 1AM EST. There is a resistance line at the bottom of the chart. If the resistance line is broken with a strong bearish candlestick there is a very good sell trade opportunity. What do you guys say?
The following is the GBPUSD hourly graph as of Jan. 28th 2010, 12 AM EST. If you observe the graph you can see that it is going in a channel. AT some point it will break the channel and it is a good opportunity to enter the trade in the direction of the break. Chcek [...]
The following is the daily chart of AUDJPY as of Jan. 26th around 4 AM EST. If you observe the graph you can see that there is a strong resistance trend line which was broken earlier and now the graph is coming towards the resistance line and now this resistance may act as a support [...]
As most you know one of the most profitable way to trade forex is using divergence. But you may not know what is hidden divergence. (I also don’t know what it is until I read this small ebook).
Today I got an email from some one and that email referred me to go to a site [...]
Any one heard of this competition? A competition between the authors of non-commercial expert advisors is going on at http://www.forex-robot-world-cup.com/. Non commecial expert advisors mean expert advisors that are not being sold or marketed anywhere but are solely used by their developers.
The first prize is $100,000. The competition has two phases. The first phase is [...]
I have been trading with FXCM for almost 2 years and recently I got an email from them saying they are offering virtual private server for free. If you don’t know what is virtual private server I will give you a little introduction here.
A virtual private server is another computer which is hosted remotely, which [...]
The following is the AUDNZD daily chart as of Jan. 24th, 2010 around 10 PM. If you observe the graph you can see that it is going in a channel.
1) The chart has reached the upper channel line.
2) The CCI has reached the overbought region and now it is trying to cross below the overbought [...]
The following is the daily chart for USDJPY as of Jan. 21st, around 11PM EST. If you observe the chart you can see that there are two resistance lines and the chart has crossed the trend lines with two strong bearish candlesticks. The second one is not completed yet. But if the second one is [...]
The following is the four hour chart for EURJPY as of Jan. 17th around 2 AM EST. There is a CCI indicator I placed below the chart. If you observe the chart you can see that there is CCI divergence. The price has come down than the previous low but the CCI didn’t. This formed [...]
The following is the AUDUSD four hour chart as of Jan. 17th, around 11 PM EST. If you observer the chart you can see that the chart is moving in a channel with a resistance line at the top and a support line at the bottom. Currently the chart is the bottom support line. And [...]
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