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How to Trade forex Daily Charts 6th Sept, The week ahead


The last 2 weeks video previews posted here on you tube gained over 1000 pips profit. http://forex-fxtrader.com/blog/

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Anyone with experience with Forex trading, particularly with Forex Tracer. Does it work?


I know its an automated trading system for the currency markets, and that makes me nervous. Is it worth buying?

If you do not have experience trading Forex DO NOT start with an automated trading system. I know that there are hundreds of “traders” running around the internet saying otherwise but their only intention is to sell you something. An automated trading system can be a very powerful tool IF you know how to trade Forex, you understand the fundamental reason an auto trader works, and know how to adjust the auto trader to meet the changes in market movement.

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FOREX TRADE ALERT for AUD/NZD SELL SIGNAL


caption=”Forex Trade Alert for AUD/NZD SELL SIGNAL”]Forex Trade Alert for AUD/NZD SELL SIGNAL[/caption]

Forex Trade Alert for - Symbol  AUD/NZD
Forex Trade Alert for Wednesday Mar 04, 2009.
 
SELL @ 1.2749.
STOP @ 1.2940.
1/3 LIMIT @ 1.2639 MOVE STOP TO 1.2735.
TARGET @ 1.2467.
 
The fifth wave seems to be weakening!
NOTE: The width of the Bollinger Bands has started to expand which indicates that prices are beginning to trend. A divergence in the MACD indicator has been found. When this appears on a 5th wave this could be a sign of exhaustion. The current upward trend may soon correct or end.  The CCI is above 100. This currency pair is overbought at this time.
TRENDLINE ALERT: Support level of   1.2838 was broken today. Look for a possible drop to the next support level.
 
Next Day Trading Ranges for Wednesday Mar 04, 2009.
 
The 20 day moving average of the daily trading range is 135 Pips and the 60 day moving average of the daily trading range is 168 Pips. This shows that volatility has decreased in the short term. The percentage of updays when the open/low ratio is less than 25% is 63.82 percent. This means that if this currency pair does not drop more than 34 Pips from the opening price then there is a 63.82 percent chance that this will be an upday.
 
The [R3] or the most extreme high trading range is 1.3005.
The [R2] or the extreme high trading range is 1.2954.
The [R1] or the  high trading range is 1.2863.
The [P] or pivot point is 1.2812.
The [S1] or the low trading range is 1.2721.
The [S2] or the extreme low trading range is 1.2671.
The [S3] or the most extreme low trading range is 1.2580.
 
 
 
Next Day Alternate Stops for Wednesday Mar 04, 2009.
 
The red line to the right on your chart is an extreme support or resistence level for the next trading day.
A good alternative stop is one which is placed just beyond this extreme support/resistance level.
In this particular case if the price rises above 1.2925  then that would show momentum against 4xGenie’s short position and that would be a break out to the upside.
 
Please Note:  These support/resistance levels are calculated by using the previous day’s trading range.  Normal volatility may cause a breakout of this value once every 4 or 5 days when prices consolidate.
 
 
 
 
Current Day Trading Session:
Momentum is continuing upward at the present time.
 
Next Day Trading Session:
If the next day’s close is below 1.2770 then that could be a sign that the current upward momentum is reversing.
ForexGenie Support Team

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FOREX TRADE ALERT for AUD/NZD SELL SIGNAL

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Forex Trading System | Forex Strategy | Forex Tips | Forex Charts


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If you want to learn forex, a forex educational dvd will be good for you. Our forex trading training provide tons of forex tips for you to kickstart your trading career. While FX trading is easy, you will need a simple forex trading system and a set of money management rules to profit consistently in the forex market.

When you visit our website, you will find resources related to forex trading systems, forex trading strategies, forex investments, forex scams, free forex indicators, how forex traders succeed, forex trading for beginners, forex trading tutorial, forex trading education, forex trading courses, forex trading training, forex trading basics, forex trading signals, forex pivot points, fibonacci, support and resistance, technical analysis, forex scalping, forex robot reviews, forex advice, forex brokers, forex charts, forex trading techniques and many more!

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FOREX OUTLOOK ON AUD/NZD, EUR/JPY, EUR/CHF | FOTRX TRADE ALERT


Forex Trade Alerts For aud/nzd, eur/jpy, eur/chf

FOREX OUTLOOK ON THREE CURRENCY PAIRS

AUD/NZD, EUR/JPY, EUR/CHF.

FOREX TRADE ALERT

AUD/NZD
Produced: Tuesday, February 17, 2009

Place a buy stop to buy 1 unit if price rises to 1.2747.
Red Line Long Exit Strategy: Close all long positions on close if close is 1.2521.
Place a sell stop to sell 1 unit if price falls to 1.2418.
Red Line Short Exit Strategy: Close all short positions on close if price rises to 1.2522.

EUR/CHF
Produced: Tuesday, February 17, 2009

Place a buy stop to buy 1 unit if price rises to 1.5151.
Opposite Direction Long Exit Strategy: Close all long positions if price falls to 1.4828.
Place a sell stop to sell 1 unit if price falls to 1.4813.
Red Line Short Exit Strategy: Close all short positions on close if price rises to 1.4975.

EUR/JPY
Produced: Tuesday, February 17, 2009.

Place a buy stop to buy 2 units if price rises to 118.78.
Green Line Long Exit Strategy: Close all long positions on close if price falls to 117.28.
Place a sell stop to sell 2 units if price falls to 114.89.
Red Line Short Exit Strategy: Close all short positions on close if price rises to 117.28.

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Do automated forex systems work?



I was just as skeptical as many. I took 5 years to learn how to trade forex under a forex trader. I spent nights going through charts and charts late into the nights.

I made some money enough to survive. So when the automated systems started coming up this year with all the sales hype, I was skeptical but seeing they all sold so well, I went in as well. I tried a few types and to my surprise I admit they proved to be positive in the results. I didn’t make what they claim but enough to make me happy as my earnings jumped and now I’m no longer just surviving.

So don’t write them off. But like all things regarding investments always manage your risk.

Automated systems are just tools. Some are good and some are not so good. They generally can help you if you know how to tap into their advantage. Don’t go in thinking they are magic.

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