Forex Trading Analysis

Forex and Gold Analysis

2012-06-26T18:32:00.001+08:00

TIME : 6.24PM = 8.00 + GMT
Forex and Gold Analysis
Indicators used : Bollinger Band, NonLag MA 7.1, EMA 5, 10, 25, Trend Magic, Shi Silver Trend Sig, GP Reverse, Super Signal V3, BB Stop, RSI(10), Trend Continuation, Kuskus_Kuskus Starlight 2, DIDI 1, Parabolic SAR
Currency pairs and Gold	Comments
EURUSD H1	Prices are picking up a bit even in Bollinger squeeze area with most indicators showing sideways movement.
USDCHF H1	The prices are in Bollinger squeeze with most indicators showing sideway.
GBPUSD H1	Prices are picking up with most indicators showing up. GP Reverse and Super Signal showed up to warn that price reversal could possibly happen at any time.
USDJPY H1	Prices started to move downward also with most of the indicators showing up except GP Reverse and Super Signal giving early sign that the prices could reverse at any time.
GOLD H1	Prices are in the sideway direction in Bollinger squeeze.

Forex Currency and Gold

2012-04-19T23:18:00.000+08:00

Forex Currency and Gold Analysis

Time : 11:08 pm = 8:00 + GMT
FOREX AND GOLD ANALYSIS
Indicators used: Bollinger band, NonLag MA 7.1, EMA 5,10,25, Trend Magic, Shi Silver, GP Reverse,Super Signal V3, BB Stop, RSI(10), Trend Continuation, Kuskus_Starlight 2, DiDI 1
Currency pairs and Gold	Comments
EURUSD H1	Prices are picking up and in the up trend area O the Bollinger. Most of the indicators are showing up.
USDCHF H1	The prices are coming down with no reversal or up indicators yet. This is the third bar down after the price made reversal.
GBPUSD H1	The prices are in Bollinger squeeze a little ascending. The range is too small for the price to move. In fact it can said as no direction at all.
USDJPY H1	Overall prices are in Bollinger squeeze moving sideway. There are no indicators yet to show the price movement.
Gold H1	Gold prices in the up trend area of Bollinger and reacted with the reversal indicators down with its second down bar. No all indicators showing the same directions and they are mixed all together.

Forex Currency and Gold

2012-04-17T00:11:00.000+08:00

Forex Currency and Gold Analysis

Time : 11.56 PM = 8.00 + GMT
FOREX AND GOLD ANALYSIS
Indicators used: Bollinger band, NonLag MA 7.1, EMA 5,10,25, Trend Magic, Shi Silver, GP Reverse,Super Signal V3, BB Stop, RSI(10), Trend Continuation, Kuskus_Starlight 2
Currency pairs and Gold	Comments
EURUSD H1	There is no trend confirmed even though the prices are picking up little bit with mixed indicators shown. Any way the prices are entering Bollinger squeeze and could be going for sideway at this point of time.
USDCHF H1	The prices are moving downward quite strong even if reversal indicators around. Chances are the price will make a little picking up after 2 to 4 dots of BB Stops. Most of the indicators are showing below level but not all.
GBPUSD H1	There is no trend yet even though the prices are picking up. Mixed indicators around and they are entering Bollinger squeeze which will likely going for sideway.
USDJPY H1	The prices are in the downtrend area and picking up in response to reversal indicators .
Gold H1	The gold prices are in the sideway direction even though most of the indicators showing down below levels.

Using Indicators To Detect Forex Market

2012-04-11T13:01:00.000+08:00

Most traders have their own trading tools and indicators to trade in forex. Just as an example, down below are the list of tools and incators can be used to trade forex:

-- Bollinger Band
-- NonLag MA v 7.1
-- BB Stops v2
-- Shi Silver Trending Sig
-- Super Signal v3
-- GP Reverse
-- EMA 5, 10, 25
-- Trend Continuation
-- RSI(10) 50
-- Kuskus_Starlight v2

The indicators above used are based on my style of trading, my perception and my personal views on the indicators.

Forex Currency and Gold

2012-04-10T01:13:00.000+08:00

Forex Currency and Gold Analysis

Time : 1.01 AM = 8.00 + GMT
FOREX AND GOLD ANALYSIS
Indicators used: Bollinger band, NonLag MA 7.1, EMA 5,10,25, Trend Magic, Shi Silver, GP Reverse,Super Signal V3, BB Stop, RSI(10), Trend Continuation, Kuskus_Starlight 2
Currency pairs and Gold	Comments
EURUSD H1	The price shooting up after quite a long sideway movement. Indicators like BB Stop, RSI(10),Kuskus_Starlight, NonLagMA all showing up except Trend Continuation and reversal indicators.
USDCHF H1	The prices are coming down with most of the indicators showing the same direction except Trend Continuation and reversal indicators like GP Reverse and Super Signal shown to indicate reversal but it seems the down is still at its strength.
GBPUSD H1	Reversal indicators like GP Reverse and Super Signal appeared after price shooting up. Most of the indicators showing up except Trend Continuation still pointing at sideway.
USDJPY H1	Nothing shown positive with prices at the small squeeze of the Bollinger. They are moving sideway. The best time to sideline and should wait for other indictors start new price movement.
GOLD H1	The gold prices are coming in to Bollinger squeeze with most of the indicators pointing sideway.

Forex Currency and Gold

2012-04-05T23:48:00.000+08:00

Forex Currency and Gold Analysis

Time : 11.42 PM = 8.00 + GMT
FOREX AND GOLD ANALYSIS
Indicators used: Bollinger band, NonLag MA 7.1, EMA 5,10,25, Trend Magic, Shi Silver, GP Reverse,Super Signal V3, BB Stop, RSI(10), Trend Continuation, Kuskus_Starlight 2
Currency pairs and Gold	Comments
EURUSD H1	Prices tend to pick up slightly after reversal up indicators with EMA lines, NonLagMA are all still below middle band of Bollinger. BB Stops is stiil with its down indication. Indicators like RSI(10), Trend Continuation and Kuskus_Starlight are still moving below their level lines. Chances the price to move up further if it can break middle band.
USDCHF H1	The prices are at the up trend area of Bollinger. The indicators are all above level lines indicating that the prices are still in strong up area. The price move further down if it could break the middle band line.
GBPUSD H1	The prices are moving down in the down trend area of Bollinger. Most of the indicators are showing downward but slow movement.
USDJPY H1	The prices are turning down in response to reversal indicators . After crossing up the middle band the price tends to come back and even reaching the middle line but most indicators are showing sideway movement indicating that there is no right direction yet. Infact it can go either way.
Gold H1	Gold prices are moving sideway in a squeeze Bollinger Band confirmed by all indicators showing at the same direction.

Forex Currency and Gold

2012-04-04T23:21:00.005+08:00

Forex Currency and Gold Analysis

Time : 11.10 PM = 8.00 + GMT
FOREX AND GOLD ANALYSIS
Indicators used: Bollinger band, NonLag MA 7.1, EMA 5,10,25, Trend Magic, Shi Silver, GP Reverse,Super Signal V3, BB Stop, RSI(10), Trend Continuation, Kuskus_Starlight 2
Currency pairs and Gold	Comments
EURUSD H1	Prices going up a bit reacting with reversal indicator up although they are all at the down trend area. By looking at it bearish is still at its strength.
USDCHF H1	Prices are playing on the up trend area of Bollinger and also showing downward movement after reacting with reversal indicators. The prices have to pass through middle band as support in order to continue its downward movement but it looks week at this moment.
GBPUSD H1	The prices in down trend area are picking up in response to reversal up indicators and also EMA lines started pointing up. The Bollinger squeeze is becoming smaller may be to go sideway for a while.
USDJPY H1	The prices below middle band of Bollinger are all picking up to with most of the indicators are showing sideway. Just wait for other strong indicators to show the price direction.
Gold H1	Gold prices are at the strong down trend area even if there are already reversal up indicators shown like GP Reverse and Super Signal.

Forex Currency and Gold

2012-04-02T21:59:00.003+08:00

Forex Currency and Gold Analysis

Forex Analysis Time : 9.36 PM = 8.00 + GMT
Indicators used: Bollinger band, NonLag MA 7.1, EMA 5,10,25, Trend Magic, Shi Silver, GP Reverse,Super Signal V3, BB Stop, RSI(10), Trend Continuation, Kuskus_Starlight 2
Currency pairs and Gold	Comments
EURUSD H1	The prices are going downward with all the indicators showing the same direction except GP Reverse and Super Signal indicated that reversal would likely to happen. Wait for another 2 -3 bars to some changes.
USDCHF H1	The prices showing strong up but reversal indicators like GP Reverse and Super Signal shown reversal would likely to happen. Wait for the real change.
GBPUSD H1	The bars are going down with some indicators showing up , but Trend Continuation showing sideway and also BB Stop. The BB Stop down will confirm the prices down if it appears.
USDJPY H1	Prices are down with all the indicators showing down except Trend Continuation started showing sideway and also reversal indicators warned that reversal would likely to happen.
Gold H1	The prices are at the white down bar with BB Stop still showing down but indicators like RSI(10), Tend Continuation and Kuskus_Starlight are moving sideway.

The Right Attitude With The Right Trading Program To Win In Forex

2012-02-28T23:44:00.002+08:00

Without the right trading program which includes exact principles for going in and going out a trade will almost for certain to ensure failure over the long-run. Novices normally endure the similar common ailments. They desert trading programs strictly on urge because matters are not becoming precisely as how they had visualized. Repeatedly they use unsafe techniques that neglect to make a profit. A lot of traders sustain the losing positions saying to themselves “it is going to turn” as every indicator tells otherwise since they can't admit the thinking of a loss.

How come they torture themselves? Why don’t they simply find out what’s going haywire and make a switch? As a few people realizing that a trade or even a trading technique is not functioning and having a change is simple, but for other people it has been real hard. They've to consider their limits accept that they've created a fault and that’s tough as it harms their ego. Psychologically it’s dangerous, it’s frequently easier to fool around ourselves. Simply keep going, residing in a state of self-denial till your account is exhausted. Whenever you acknowledge whatever traits in yourself you must end the trading at once.

Have a right look what has been going on, attempt and recognize the trouble. If you are looking close enough you may find out a pattern. This is why it is necessary to track record all trade and as much data about it as possible. You have to break out of old patterns and see things in a new light.

You will never be a winning trader if you remain to reside in a state of self-denial. What could be done to come back to real living? There is many more you can do. First and foremost make certain that you are not trading in tension. When tension you can’t figure the matters distinctly, you get intolerant and not able to take in secondary ideas. Among the simplest answers is to trade smaller. The smaller the deal the less the tenseness, particularly for the novice. If you are experienced and in a loosing run cut down your contracts until you get your self-confidence comes back. Some folks require to take a stop completely. Get out from it altogether. Get your mind away from the trading.

The second matter you can do is to be sure you've a life. Trading could make you addicted especially when you are gaining. that give your living meaningful and purpose. Therefore, you will be able to take losses in stride and look at your trading more objectively.

Lastly, root toleration is a cardinal psychological strategy for dealing with market uncertainness. Some traders do the misunderstanding of believing they can check the markets. Nobody can command the markets. We have to learn to take on anything that comes our way and to trade systematically. Take up the mental attitude that trading is a journey and that all we could do is proceed wherever the markets take us.

To win on this battle you can't afford to suffer too much. Control risk and just take on what you get and enjoy the ride. This manner you'll trade more freely and creatively. Don’t live on your life in self-denial. Admit your limits, do work close to them, and be a winning trader. Write up your trading program with accurate entry and exit points. Most important set your stop loss and mentally resolve you'll not breach them. Try out your system in writing and once positive test in real time with the lowest contract size. You will undergo losing trades, swallow them with grace and go on to the next trade.

Forex Beginner Trader May Need A Mentor

2012-02-24T22:04:00.003+08:00

Forex trading has become a source of earning for many traders. And if they do well I'm sure it can provide them a lucrative income, many people already know this. And forex trading have already been accepted by many, you see how many people are willing to spend money just to learn the ins and outs of forex trading. Even so it is not as easy as we think, it needs hard work to succeed in this field.

As a beginner in forex I recommend you to find anyone who is so called expert in this field as your mentor. To get a good mentor you may have to provide a relatively large sum of money to learn in one to one. Usually learn by personal coaching you will be charged quite a high fees. Do not worry too much about money if you want to succeed in this industry.

A good mentor will give everything to his student trader just to make him a successful forex trader like himself. A student must also take the opportunity to learn best from his mentor. You need to do trading monitored by your mentor during the training. You also need to follow his style of trading and adapt Whatever systems or methods used by him and make sure that you will get yourself familiarize with his kind trading. Do not try to copycat him but if you can duplicate him in terms of doing the trade, just do it.

Tips To Be A Good Trader

2012-02-21T00:03:00.002+08:00

Here are a few hints to assist you begin trading Forex productively:

There is so very much info all but Forex dealing online that it is understandable for the beginner trader to feel overwhelmed. Here are a few rules of thumb about how to get started out in the Forex market.

Firstly, learn. Study everything and you will be able to find out the basic principle of the Forex market, beginning with this article and carrying on with any other you are able to come up. With altogether the free and true information about the Forex market presently obtainable online, you should not have to buy anything at this present moment.

Once the information makes good sense to you, select a broker. This decision had better be based on your trading requirements. Whenever fund is becoming to be tight, get a broker that provides a micro account, so you do not burn out your whole trading budget in the early week.

Besides, make sure on that point there are no hidden fees. If you are trading with a micro account, it would be inappropriate, to state the least, if your whole monthly earnings was used up by a maintenance bill.

Once you have found out the ideal brokerage firm, set up a demo account with them. This grants you access to their live feed, on up-to-the-second price quotations and charts and your selection of indicators, and its economic calendar and knowledge base.

Naturally, with every last fresh data, you would like to study it as well. When you are analyzing, bother to know the brokerage firm internet dealing platform. You had better be capable of opening up the chart of the currency pair that concerns you, add up and take out indicators, change the time frame of the chart and the parameters of the indicators, and apply the graphical interface to draw trend lines. You should as well be able to open market and entering orders, add and change stops and limits, handle a trailing stop, and close a trade quick should the market be going apposed you.

Then do paper trading employing the method of your own choice. Choose and pick a currency pair for in-depth study; some people choose the EUR/USD or GBP/USD, since their volatility makes a lot of trading chances or opportunities. Just be informed and aware that the best trading chances will be on the hours that market is open; for the European markets, that is five to seven hours before the United States, depending upon your time zone. Waking up at three in the morning to check charts can become older fast, especially with a business or family. If that’s the subject, trying dealing with the USD/JPY, the Japanese yen, as Japanese's trading hours start out during our evening.

Check the chart of your decided currency pair for the parameters that indicate a trade applying your method. Think back to begin with the long-term charts first before moving to the short-term. Once it appears correct to you, enter the trade.

Realize ahead front that paper trading does not affect that “Yippee! ” Impression you get when actual money is involved with. In this common sense, it’s not realistic, simply it will tell you the mechanism of dealing in the Forex market.

Do not leave paper trading till you accomplish the amount of pips you have set as your target more than often than not. This makes up an important step; if you give up paper trading ahead of time, you will not experience sufficiently to trade with success in the “actual world” of the Forex market.

When you do put in your funds into your brokerage firm account and start trading with actual money, set off small to let yourself a chance to adapt to that added tenseness. Do not add up the account by bringing extra lots or by coming forward to a bigger account till you have discovered to set for your emotions and again turn to a competent trader.

Once you experience the comfortable with this simpler methods, carry on to study Fibonacci retracements, Bollinger bands, candlestick chart patterns, and the Elliott wave theory.

Forex Trading Reviews

2012-02-15T06:18:00.005+08:00

Time 6.04 AM = 8.00 + GMT

USDCHF H1

Prices started with a new bar with a little bit up but overall chart is showing down.

other indicators:

1. Fx Sniper Ergodic CCI -- showing down.

2. MACD Alert -- Showing down.

3. RSI(10) -- Showing down still above 50 level.

4. Traders Dynamic Index -- Showing down.

Forex Trading Reviews

2012-02-15T06:03:00.001+08:00

Time 5.48 AM = 8.00 + GMT

EURUSD H1

Prices are at the downside side of Bollinger and moving with second bar up after reversal

Other indicators:

1. FxSniperErgodic CCI -- Moving up but still below level line.

2. MACD AlERT -- Showing up.

3. RSI(10) -- Moving up but still below level line 50.

4 Traders Dynamic Index -- Showing up.

Forex Trading Reviews

2012-02-10T05:05:00.000+08:00

Time 4.46 AM = 8.00 + GMT

EURUSD H1

The price is still on downward movement with with 2 EMA 5,10 lines and NonLagMA touched the down candlestic bar but there is no signs of other indicators on the chart yet.

Other indicators:

1. FxSniperErgodic CCI -- Still above the level line but pointing downward.

2. MACD Alert -- Pointing down.

3. RSI(10) -- Line touched level 50 pointing down.

Currency Movement

2012-02-08T15:49:00.000+08:00

Time : 3.39 PM = 8.00 + GMT

1. EURUSD HI

Prices moving slight down with reversal indicator down.

2. USDCHF H1

Prices are moving upward though theres a downward reversal indicator.

Forex Trading Indicators

2012-02-05T23:55:00.004+08:00

Using the indicator in forex trading is very important for the majority of forex traders. Since the establishment of online forex trading like using Metatrader and some other trading platforms, and since then many indicators and the trading systems were invented by those who are extremely interested in forex. There are many indicators in the market, some free and some are paid.Traders are willing to buy trading indicators if they can give good results when making predictions. No wonder why they are willing to spend thousands of dollars just to get indicators that can really suit their trading style to make the trade.

There are two ways of actually using the indicators, a manual one and an automatic or better called EA and used as a forex trading robot. The use of these indicators will depend on individual traders, and the traders that have a lot of time will generally use the indicators manually. EA or forex trading robots are widely used by those who do not have much time to sit in front of their computers.

Either using manual indicator or EA depending on the trader himself. If the ability to use the manual indicator allows the individual to make full control of the trading, then it is best to use it manually if it can give the best results. A creative manual forex trader will make full use of the indicators by selecting the appropriate indicators and create the systems to trade forex effectively. The EA enthusiasts will tend to modify or upgrade their trading robot or if it is not he will purchase a new and more advanced EA as long as the EA will give him the best of it of course with the trading wins.

USDCHF Movement

2012-02-02T03:02:00.000+08:00

Time : 2.55 AM = 8.00 + GMT

USDCHF H1

Prices are moving upward with second bar up.

EURUSD Movement

2012-02-02T02:58:00.001+08:00

Time : 2.49 AM = 8.00 + GMT

EURUSD H1

Prices are moving downward with second bar down.

Forex Trading Reviews

2012-01-31T23:20:00.005+08:00

Time : 11.12 PM = 8.00 + GMT

GBPUSD H1

Prices are moving downward but still in the uptrend area of Bollinger above middle band with no current indicators appeared.

Other indicators:

1. Fx Sniper Ergodi CCI -- Two lines crossing pointing down still above level line.
2. MACD Alert -- Lines about to cross down aboe leve line.
3. RSI(10) -- Line moving downward still abiove level 50.

Forex Trading Reviews

2012-01-31T23:04:00.001+08:00

Time : 10.55 PM = 8.00 + GMT

EURUSD H1

Prices are making their way down with a long white bearish candlestick bar moving downward followed GP Reverse and Super Signal v3 to indicate that the price could make a reverse at any time.

Other indicators:

1. Fx Sniper Ergodic CCI -- Lines moving downward crossing zero.
2. MACD Alert -- Moving down.
3. RSI(10) -- Below level 50 down.

Forex Trading Reviews

2012-01-30T23:49:00.000+08:00

Time:11.30PM = 8.00+GMT

GBPUSD H1

Prices are playing blow middle line of Bollinger with two candlestick up bars. There is no indicators shown yet on the chart.

Other indicators:

1. FxSniperErgodicCCI -- Ascending below zero.
2. MACD Alert -- two lines showing sideway below zero.
3. RSI(10) -- slight ascending touching level line 50.

Forex Trading Reviews

2012-01-30T23:27:00.000+08:00

Time: 11.16PM = 8.00+GMT

EURUSD H1

Prices made a reversal after a long down with NonlagMA up.

FxSniperErgodicCCI -- Below zero but ascending.
MACD Alert -- Below zero down.
RSI(10) -- Pointing sideway after a slight up.

Select Trading Tools To Create A Good Forex Trading System

2012-01-27T22:25:00.001+08:00

Forex trading has provided opportunities for many people to make money online. Even so it will not be easy if we have no knowledge of forex trading. There are two kinds of knowledge the traders used in trading forex, they are fundamental and technical. In this discussion, I prefer to focus on technical indicators that most traders used to apply in their forex trading.

Trading indicator is always used with technical tools such as Bollinger Bands, Candlesticks, Moving Averages and more. Technical tools can also be used as an indicator in some forex trading. If you can make use of indicators and technical tools wisely, you will be able to create a robust trading system that allows us to interpret forex market in making more intelligent speculations.

Good trading system is a system that has the criteria as below:

- Indicator is simple and easy to read.

- Indicators that can show trends.

- Indicator that can give early sign or warning.

- Indicator that can indicate reversal

- Indicator that rarely makes a false signals

- Indicator that does not repaint.

- Indicator to be ideal for other indicators.

- Indicator that is not misleading when used with other technical tools.

The above criteria are merely a reminder, the system used only as your guide to trade forex, you can use any trading indicators for your trading method. There is no system provides 100% accuracy. Use it wisely and intelligently and make sure that the profits will be on your side.

Trading System And Discipline

2012-01-25T15:38:00.000+08:00

We all know that forex trading can provide a lucrative income to traders if it can be operated systematically plus some self discipline. These two factors can truly determine the actual success in forex trading. The first factor, the system plays a role in determining the intensity of trading. Using the system that really suits a trader can make a better interpretation. Good interpretation leads to the accuracy of the forex trading forecasts.

We have to try test our trading system as many times as possible so that we can uncover weaknesses and we must rectify it. For example, some systems are good for one or half hour trading but some are not. If we prefer to trade for a hour, we have to find and use the system that suits to our one hour trading method, or else we adapt ourselves to that system.

The second factor is something that has to do with the discipline concerned with the system we use. Ask ourselves whether we can adapt ourselves to the system we use. Can or not we create a discipline for our own self to use the system. As an example, are we ready and are prepared to use one hour trading system to trade forex? We all know that each an individual currency pairs has their own best trading hours, and will we wait for that time to trade forex and sacrifice our precious time for something else just for the trading. In other words we really have to reset our own schedule and follow it obediently to accomplish our mission.

A good trading plan in forex trading is the combinations of forex trading system and self discipline set to follow and apply it without any doubt just like a robot with extra applications of human common sense and rationalizations.

Forex Trading Reviews

2012-01-25T08:08:00.000+08:00

Forex Market Reviews
Time 7.55 AM = 8.00 + GMT

EURUSD H1

Bollinger showing sideway but prices iside shwing up. 3 liones EMA also up all above middle band. A reversal indicator GP Reverse appeared but current bar still positive.

Other Indicators:

Fx Sniper Ergodic CCI -- Above level line showing slight up.
MACD Alert -- Above level line showing sideway.
RSI(10) -- Above level 50 showing sideway.