You are here: Home / General

CAD 2/28/2011 GDP report impact on different currency pairs

February 28, 2011 By Raj Leave a Comment

CAD 2/28/2011 GDP report impact on different currency pairs:

Released: 02/28/2011
Time Released: 8:30 AM EST
Forecast: 0.2%
Actual: 0.5%

CAD GDP report was released at 8:30 AM EST. It was released with 0.5% increase in GDP which resulted in strengthening the CAD currency over other currency pairs. The following are the different CAD currency pairs. I will go one by one and the good entry points.

USDCAD Currency Pair:

The following is the 15 min. chart for USDCAD currency pair. When the report is released there is a strong bearish candlestick formed. Once the candlestick is completed it’s a good entry point. Currently it went down around 30 pips.

CAD GDP report impact on UCSCAD currency pair

AUDCAD Currency Pair:

The following is the 15 min. chart for the AUDCAD currency pair. After the report is releast at 8:30AM EST a strong bearish candlestick is formed giving us a short signal.

CAD GDP report impact on AUDCAD currency pair

EURCAD Currency Pair:

This pair is interesting. At 5 AM EST. time, EUR Core CPI report is released which is of medium impact as per forexfactory.com. The actual report came out with less numbers than the expected so it already has bearish impact on the currency pair. After that at 8:30 AM EST. time CAD report was released with strong figures. This further had a strong bearish impact on the currency pair. It currently moved around 80 pips after the report is released.

EUR CPI reports

CAD GDP report impact on EURCAD currency pair

CADJPY Currency Pair:

The following is the 15 min. chart for CADJPY currency pair. After the report is released at 8:30 AM EST time, a strong bullish candlestick is formed which gave a buy signal. Currently the pair has moved to 30 pips.

CAD GDP report impact on CADJPY currency pair

GBPCAD Currency Pair:

The following is the 15 min. chart for GBPCAD currency pair. After the report is released a strong bearish candlestick is formed which is giving us a signal for short entry. Currently it moved to around 25 pips.

CAD GDP report impact on GBPCAD currency pair

VN:F [1.9.8_1114]
Rating: 0.0/10 (0 votes cast)
VN:F [1.9.8_1114]
Rating: 0 (from 0 votes)
Filed Under: General, News Trading Tagged With: , , , , , , ,

Free Forex Magazines

November 30, 2010 By Raj Leave a Comment

The following are some of the free magazines available on forex trading.  You need to register to view all of them but it’s a free registration. There are a lot of other forex magazines available on the net but all of them need paid subscriptions. Here I am giving the forex magazines that are available free on the net.

http://www.currencytradermag.com/
Period: Monthly
Covers: It’s a free magazine that covers  trading strategies, systems, analysis and news for forex traders.

http://www.fxtradermagazine.com
 Period: Monthly
Covers: This magazine covers forex traders news, analysis, education and forecasts from the market experts

http://www.ytemagazine.com
Period: Bi-Monthly
Covers: Technical analysis, Fundamental commentary, Market strategies, Trading techniques, Global market news, Book & software
reviews, Trader profiles

http://www.futuresmag.com
Period: Monthly
Covers: It covers different topics for Commodities, Financials, Forex, Options, Technology and Managed Funds. Under forex section it covers different topics like forex education, forex analysis etc. You can also check the archived copies for the past months.

http://www.sfomag.com/
Period: Monthly
Covers: Timely ides for the stock, futures, options and forex strategies.
They also provide a free weekly newsletter called “SFO Weekly” in companion to the monthly magazine which comes to your email if you register. You can check the archived news letters also on the website.

http://www.e-forex.net/
Period: Quarterly
Covers: Covers a wide range of topics on forex.
Comments: Need to register and it’s free. Once you registered login and click on “Magazines” link below the header image and you will see links “Digital Versions” and “PDF Archives”. You can read the magazine in both digital and pdf versions.

VN:F [1.9.8_1114]
Rating: 0.0/10 (0 votes cast)
VN:F [1.9.8_1114]
Rating: 0 (from 0 votes)
Filed Under: General Tagged With: , , , ,

Forex Trader’s Manifesto

November 28, 2010 By Raj Leave a Comment

Forex Trader’s Manifesto By Forexbees:

Forex Trader's Manifesto

Forex Trader's Manifesto

This is the manifesto of forexbees. It’s a collection of all the rules for any forex trader.

  • Practice more and trade less: Practice more your strategies in demo account until you get comfortable with your strategies. Only by practicing more you will come to know when your strategy will work and when it won’t work.
  • Learn Constantly: Always try to learn by listening what other traders are saying. Visit as many sites as possible to see what others are saying.
  • Do your own analysis of the currency pair: Even if have a very successful trader’s analysis, do your own analysis. It’s your money.
  • Check the news before you enter trading: Always check if there is any important news is going to be released while you are entering the trading. The market might seem to be in favor of your analysis but it might immediately reverse and hit your stop losses because of the news.
  • Lock your profits: Always try to lock your profits when you are in profit area. The market is very unexpected and may turn against you.
  • Learn from your mistakes: Analyze your failed trades and learn what mistakes you did to avoid those in future.
  • Maintain a good trading journal: Always maintain a record of your successful and failed trades. You will know which strategies are best working for you and which ones are not working for you.
VN:F [1.9.8_1114]
Rating: 0.0/10 (0 votes cast)
VN:F [1.9.8_1114]
Rating: 0 (from 0 votes)
Filed Under: General Tagged With: , ,

New Forex Strategy

September 18, 2010 By Raj Leave a Comment

I have developed a new forex strategy and you can get it at http://www.freefxstrategy.com. Check it. Its a cool system and I have been using it for almost two months and it’s giving good results. It’s developed based on moving averages, MACD, Stochastic and CCI indicator. Check it.

VN:F [1.9.8_1114]
Rating: 0.0/10 (0 votes cast)
VN:F [1.9.8_1114]
Rating: 0 (from 0 votes)
Filed Under: General Tagged With: , , , ,

How much money can you earn in forex?

July 12, 2010 By Raj Leave a Comment

A lot of people want to know how much money can they earn in forex or how much money do they need to start forex trading? The video shows how much money can be earned in forex using different percentage gains per month. This also shows how much money can be earned using different starting amounts like $300, $5000 etc.

The author of this video is also freely giving the spread sheets that are used to calculate the income in forex. You can change the amounts in those spread sheets to match your expectations. You can see his website at the end of the video. Interesting video. Check it.

VN:F [1.9.8_1114]
Rating: 10.0/10 (1 vote cast)
VN:F [1.9.8_1114]
Rating: 0 (from 0 votes)
Filed Under: General Tagged With: , , , ,

USDJPY channel – looks like it is breaking

February 15, 2010 By Raj Leave a Comment

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 candlestick it’s a good opportunity to enter a short trade. What do you guys say? Check the following picture.

usdjpy looks like channel is breaking

usdjpy looks like channel is breaking

VN:F [1.9.8_1114]
Rating: 0.0/10 (0 votes cast)
VN:F [1.9.8_1114]
Rating: 0 (from 0 votes)
Filed Under: General Tagged With: , , , ,

AUDCHF sell trade opportunity

January 28, 2010 By Raj Leave a Comment

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?

AUDCHF hourly chart

AUDCHF hourly chart

VN:F [1.9.8_1114]
Rating: 0.0/10 (0 votes cast)
VN:F [1.9.8_1114]
Rating: 0 (from 0 votes)
Filed Under: General Tagged With: , , , ,

GBPUSD hourly graph in channel

January 28, 2010 By Raj Leave a Comment

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 graph.

gbpusd in channel

gbpusd in channel

VN:F [1.9.8_1114]
Rating: 0.0/10 (0 votes cast)
VN:F [1.9.8_1114]
Rating: 0 (from 0 votes)
Filed Under: General Tagged With:

audjpy technical analysis

January 26, 2010 By Raj Leave a Comment

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 trend line. Moreover the stochastics has reached the oversold region which is below 20. The CCI also reached the oversold region.

I think its a good opportunity to enter a long trade if a bullish engulfing candlestick pattern is formed or a doji with a small or no body at all is formed at this point.

What do you guys think of this?

audjpy technical analysis

audjpy technical analysis

VN:F [1.9.8_1114]
Rating: 0.0/10 (0 votes cast)
VN:F [1.9.8_1114]
Rating: 0 (from 0 votes)
Filed Under: General Tagged With: , , , ,

EURGBP Short trade opportunity

January 17, 2010 By Raj 1 Comment

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 trend lien in this hourly graph also broken.

All the above points are making me to think that it will further go down. What do you guys say?

EURGBP Four Hour Chart:

eurgbp four hour chart

eurgbp four hour chart

EURGBP Daily Chart:

EURGBP Daily Chart

EURGBP Daily Chart

EURGBP Hourly Chart:

EURGBP Hourly Chart

EURGBP Hourly Chart

VN:F [1.9.8_1114]
Rating: 0.0/10 (0 votes cast)
VN:F [1.9.8_1114]
Rating: 0 (from 0 votes)
Filed Under: General Tagged With: , , , ,
« Older Posts