July 2017 - Forex Trading For Profit

FOREX TRADING FOR PROFIT

Month: July 2017


From Investor to Scalper – GBPUSD – Potential for 700 pips Growth

AUD?USD

No ratings yet. After announcement of results of referendum in 2016, in which the British voted 51.87% to leave the EU, market have beaten very important support at 1.3850 level. As a result of subsequent falls, the price of Cable was at its lowest level since May 1985. Looking purely technically on the current market Read the full article…



AUDJPY on New Highs

No ratings yet. AUD/JPY is recently one of the most dynamically moving pairs. The price is growing very fast since the beginning of June, almost without major corrections. Some declines occurred here only last Friday. As you can see, price after withdrawal to support set by previous high, very quickly began to grow. It was a Read the full article…



Harmonic Trading – BAT Pattern at NZDJPY

No ratings yet. Trading based on harmonic formations mostly depends on proper measurement of Fibonacci retracement in relation to price movements. A description of all the patterns can be found in the article: Harmonic Trading – Most Efficient Patterns. Harmonic formations are patterns of continuation of the trend. For this reason, it is important that Read the full article…



Option for Today – PUT on GOLD 25.07.2017

No ratings yet. GOLD market has been calmly moving north for a long time. In result of these increases, price reached area of significant resistance zone where yesterday first supply reaction occurred. After a brief consolidation in this area, today’s supply response has been stronger and it seems that this resistance will be rejected. As Read the full article…



From Investor to Scalper- NZDUSD Close to Key Resistance

No ratings yet. NZDUSD moved south since setting a formation of double top at 0.8800 in July 2014 . Although these declines did not reach the 0.6000 level, first bullish reaction was in September 2015, and since then we have seen steady increases. Looking on weekly chart, we can see that all these increases are Read the full article…



AUDCAD Breakout from a Channel

No ratings yet. AUD/CAD  – on H4 graph we observe a very dynamic bullish movement which was created after break out from bearish channel. Recently only a slight correction has appeared, and since morning price has been growing. It is possible that soon the last high will be breached and pair will head to key Read the full article…



USDJPY – Will Inside Bar Cooperate With Head & Shoulders Formation ?

AUD?USD

No ratings yet. USDJPY – pair formed an interesting scheme of Price Action formations. H4 chart shows a clear Head & Shoulders formation where the right shoulder was set in Friday’s Asian session at level 113.55. Then some hours latter at the end of European session, a large supply candle dynamically broke the neckline of Read the full article…



AUDCHF Time for Correction ?

No ratings yet. AUDCHF over two years has been moving north forming an upward triangle, whose upper limit 0.7750 coincides with the 38.2% retracement of the previous downward movement and 61.6% of the Fibonacci correction from the last downward impulse and downtrend line. After precise testing and rejection of this zone there were declines as Read the full article…



Insider trading

Insider trading

5/5 (3) Insider trading – An elite currency trader tells all about insider trading How deep does the rabbit hole go? – A look into Forex insider trading All of us “Retail” Forex traders tend to always whine and complain about the insider trading that manipulate the Forex market. Insider trading is carried out by all Read the full article…



Analysis for Newbies: GBP/CHF – The Doors Are Open for Growth

No ratings yet. Few days ago I described situation on the GBP/CHF from daily and weekly point of view. The analysis indicated possible increases. In the meantime, a slight downward correction has taken place, but now pair is starting to rise dynamically, setting new maxima. Judging by the dynamics, it seems that direction north is Read the full article…



AUDUSD Forecast 2017

AUDUSD Forecast 2017

No ratings yet. AUDUSD Forecast 2017: FX Street says: Bears to dominate the Aussie on China, commodities risks. It could be tides about to turn now for the Aussie as it has now broken though long term monthly resistance. With big money being pulled out of usd and now BOC has risen rates the commodity Read the full article…



Trading with Oscillators

No ratings yet. If trend indicators appear on the actual chart, right on the candles, oscillators are different. They are plotted in a separate window, right at the bottom of a chart. The thing that is missing when trading with trend indicators is the fact that, because they lag, price reversals are difficult to spot. Read the full article…