The following is the hourly chart of USDJPY as of FEB 16th., around 1 AM. There is around 5 Min. more to complete the hourly candlestick. If you observe the chart it looks like the channel is breaking in the downward direction. After the completion of this hour if the candlestick is still a strong [...]
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 [...]
The following is the EURGBP four hour chart as of Jan 16th, around 10 PM EST. If you observe the graph there is a support trend line at the bottom of the chart and it was broken.
Observe the daily graph. The support trend line in the daily graph also broken.
Observe the hourly graph. The support [...]
This is my experience with forex signals. Around 3 years back I have subscribed for some forex signals services, which I don’t remember the name, but I have some funny and bad experience with that. They used to deliver the signals through yahoo messenger at around 12 AM EST time zone. So I have to sit before my computer, login to my messenger and wait for chat window to pop up. Everything was fine. I have subscribed for one month for that signals. Everyday aronund that time I used to login to my messenger and wait for the signals. I used to get signals like “Buy EURUSD now”.
Head and shoulders technique is one of the technique used by many forex traders. Generally they form on a particular line which we may say as a support line or resistance line. After the second shoulder is formed once the support or resistance line is broken then traders enter in the direction of break out.
As you might have heard psychology plays an important role in forex trading. There are many psychological factors like greed, fear etc that effect your forex trading. The following is the one of the forex trades, I lost, because of one of the phychological factors that is “FEAR”.
The following is the EURCAD hourly chart. As you see from the chart there is a very good trend line formed at the bottom of the chart. I placed the Commodity Channel Index indicator and MACD indicators at the bottom of the chart. There are two entries possible to enter a buy trade.
The following are some of the MACD divergences formed last week from 2nd Nov. 2009 to 8th Nov. 2009. The first one is for GBPUSD. Check the following picture. The GBPUSD shows lower lows but MACD diagram shows higher lows. Thast means in the candlestick chart shows the 2nd dip lower than the 1st dip. But in the MACD diagram the 1st dip is lower than the 2nd one. This formed a divergence. As you seen in the picture you can enter the trade in different ways.
In the past I have used some forex expert advisors that really did not work. I have already written a review about one forex expert advisor like that on this site. I would like to know if you guys are using any expert advisors that really work. This information will also be useful for other forex traders also. So please come and discuss about any expert advisor that you have used in the past or using currently and how it has worked or working. So please come and discuss. I will write my experiances also about the expert advisors I have used.
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