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Product DescriptionA practical guide to trading the foreign exchange market The Ed Ponsi Forex Playbook offers a visual approach to learning point trading strategies and identifying profitable trading opportunities in the Forex arena. Page by page, it skillfully describes strategies for long-term trading, swing trading, and day trading in a clear, simple-to-know style. Written by the author of the hugely successful Forex Patterns and Probabilities, The Ed . . . More >>

The Ed Ponsi Forex Playbook: Strategies and Trade Set-Ups

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  • ISBN13: 9780470436431
  • Condition: New
  • Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed

Product DescriptionA top forex trader reveals how to ease into this market and excel Trading the forex market has become one of the most well loved forms of trading, mainly because of its twenty-four-hour access and the fact that there is always a bull market available in this arena. But not everyone is interested in quitting their jobs and spending all day trying to make a living trading. That's where Forex in Five Hours a Week comes in. This book shows readers how they ca. . . More >>

Forex on Five Hours a Week: How to Make Money Trading on Your Own Time

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  • ISBN13: 9780470722084
  • Condition: New
  • Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed

Product DescriptionThe foreign-exchange market is often referred to as the Slaughterhouse where novice traders go to get 'chopped up'. It is one of egos and money, where millions of dollars are won and lost every day and phones are routinely terrified across hectic trading desks. This palpable excitement has led to the explosion of the retail FX market, which has unfortunately spawned a new breed of authors and gurus more than pleased to grant misleading and often downright fraudulent in. . . More >>

Beat the Forex Dealer: An insider's look into trading today's foreign exchange market

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Recap: Well it looks like I won’t be trading this morning as I’m having some serious issues with my internet connection (I’m typing this up on my phone). So until I’m fully up and running todays signal will be small and sweet – I can’t even upload a chart at the moment!

Daily Outlook: As probable bulls [...]

Source: Forex Signals – EUR/USD Bullish Breakout
Forex signals from: PipHut.com

More: continued here

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Recap: Morning PipHutters! Our primary trade (long at 2615) was never triggered yesterday as the pair continued its slow development upward, but I did take single lot long at 2705 after the 13:00 hammer candle on the 1h charts. The trade had a couple things going for it which I will break down for you here:

1) [...]

Source: Forex Signals – EUR/USD Bulls Grind Upwards
Forex signals from: PipHut.com

More: continued here

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Forex Trade Alert EUR/USD.


Forex Trade Alert for  Symbol EUR/USD

Euro.

The euro penetrated resistance at $1.25 and the descending trendline. It is too ahead of schedule to call this a reversal, but the primary down-trend is weakening.

Expect retracement to test the new support level at $1.25. Failure of the rising trendline would warn of a primary down-swing with a target of parity —confirmed if support at $1.19 is broken. Respect of support would suggest a reversal, but confirmation would only come from a higher trough followed by a newhigh. Momentum crossed to above zero but must rise further (say 5%) if it is to grant evidence of an up-trend.

Forex Trade Alert for EUR/USD

Forex Trade Alert for EUR/USD  Monday Jul 19, 2010.

Market is holding above the 1.2465 level. 4xGenie Proceedings:  Keep up long position. Price projection of 1.2964 has been reached. Stop at   1.2523.   NOTE: The width of the Bollinger Bands is expanding which indicates that prices are trending. The CCI is above 100. This currency pair is overbought at this time.

Next Day Trading Ranges for Monday Jul 19, 2010.

The [R3] or the most extreme high trading range is 1.2959.

The [R2] or the extreme high trading range is 1.2939.

The [R1] or the high trading range is 1.2922.

The [P] or pivot point is 1.2902.

The [S1] or the low trading range is 1.2885.

The [S2] or the extreme low trading range is 1.2865.

The [S3] or the most extreme low trading range is 1.2848.

Next Day Alternate Stops for Monday Jul 19, 2010.

The red line to the right on your chart is an extreme support or resistence level for the next trading day.

A excellent alternative stop is one which is placed just beyond this extreme support/resistance level.

In this particular case if the price drops below 1.2865 then that would show momentum against 4xgenie‘s long position and that would be a break out to the downside.

Delight 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 merge.

Current Day Trading Session:

Momentum is continuing upward at the present time.

Next Day Trading Session:

If the next day’s close is below 1.25873 then that could be a sign that the current upward momentum is reversing.

4xGenie Support Team.

Support and resistance
Image via Wikipedia
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Forex Trade Alert EUR/USD.

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