The EUR / USD has found a strong media support, first by due to the changing situation geo- policy in the Middle East, and secondly by due European Economic Indicators and especially those of Germany. The official statements of the ECB ECB suddenly much more oriented toward higher interest rates in the near future,
(more…)
Now let’s see other useful ways to learn how to manage stress and, therefore, be able to improve their way of trading. It ‘also important to use a trading system that helps control stress and emotions. These systems provide points of entry and exit, as well as clear instructions on measures to ensure the highest profits or cut losses.
The trading systems also provide some of the decisions that traders have to do throughout the trading day. Without guidelines for making such decisions, the trader can only make assumptions. Some of the decisions will be fair, while others will be wrong. And in this case lies with the ever-present threat of loss. Use a trading system provides greater substance to its trading, and providing a way of working that many find comforting. And ‘demonstrated that a trading system improves revenue and reduces the uncertainty that causes stress.
(more…)
Forex trading can be a challenging and profitable career choice, which allows you to have independence and flexibility. Others choose to trade with currencies in the hope of securing extra income, continuing their primary activities, such as to have a full time job, a freelance career, etc..
One feature that currency traders have in common is stress. Stress can affect traders in all financial markets. But in the Forex market is different. Its unique features bring different stressors. It ‘important that merchants learn to manage stress in order to control their emotions, to limit the financial exposure and managed to have a healthy life.
(more…)
The Relative Strength Index (RSI) is one of the most popular technical indicators used to assess fluctuations in charting. The RSI is typically used to compare the strength of a currency and predict price movements of the same.
This indicator was developed by J. Wilder. The RSI gives more emphasis to the latest data and provides a better indication of that provided by other oscillators. Because it is less sensitive to sharp price fluctuations, it helps to sift through the unwanted noise in the Forex market and put it away.
The RSI is equal to 100 – 100 / (1 + RS) where RS is the sum of positive closing prices divided by the sum of closing prices in the negative.
The RSI helps users to predict price movements and identifying turning points in the market. An increase in the value of these data will normally be followed by an increase in the prices of currencies and vice versa, or a downward trend indicates that the currency price will probably drop.
In addition to being a momentum indicator, Forex traders use the RSI as an indicator of volume. Due to the nature of the Forex market have reports of volume in real time is not possible. The RSI has a scale from 0 to 100, which is that any reading below 30 indicates an oversold market condition, while any reading above 70 indicates an overbought market.
Finally here are five ways to use the RSI:
The Relative Strength Index (RSI) is one of the most popular technical indicators used to assess fluctuations in charting. The RSI is typically used to compare the strength of a currency and predict price movements of the same.
This indicator was developed by J. Wilder. The RSI gives more emphasis to the latest data and provides a better indication of that provided by other oscillators. Because it is less sensitive to sharp price fluctuations, it helps to sift through the unwanted noise in the Forex market and put it away.
The RSI is equal to 100 – 100 / (1 + RS) where RS is the sum of positive closing prices divided by the sum of closing prices in the negative.
(more…)
The theory of Elliott Wave is one of the most popular and which may be more difficult to implement because the waves have correctly can be very subjective. In this article we will examine a possible methodology to use Elliott waves in the market trade forex . Before proceeding I recommend reading the introductory article to the theory of Elliott wave .
The theory of Elliott wave analysis is a method developed by Ralph Nelson Elliott (1871-1948) which is based on the theory that many things in nature can follow a pattern of 5 waves. Applying this theory to financial markets means assuming that market prices will also follow this pattern of 5 waves composed of 3 waves of progress, called impulsive waves and numbered with numbers 1, 3 and 5, and two backward waves, called corrective waves with numbers 2 and 4.
(more…)
On the oil market today, we have exactly what one would expect, when oil traded above $ 97 per barrel mark Brent. That’s when I started to say that almost nothing can prevent the break level 100 and go higher. And if you leave already above, the level of 105 does not restrict. Everything is exactly what happened. The Russian stock market should be located in the euphoria of those days. Today, oil rose $ 5, which has tremendous growth as the fundamental factors and previously identified technical prerequisites for the breakthrough.
(more…)
The euro profit taking after last night 3650 has bounced back to test our strength of 3720 with a bullish MACD 30 mins, and a 4h. Rising oil and events in Libya may support the euro upwards. We will pay attention to a possible signal on the daily MACD bullish that could propel us on our next resistors 3820 and 3840.
(more…)
Last week we were hopeful for passage of 9720, but we’ll put you on hold at these levels “A failure in 9720 and parity could redo them as quickly and to do that 9620 will be monitored between our support back down and a continuation of the increase “and eventually fail after about 9720, we end the week at 9443.
The daily MACD, we announced a bearish cross on parity definitely a sign that the dollar is very weak against the Swiss franc, to the extent that all attempts to increase resistance to crashing. So obviously, we could play the new media in 9350/20, but be- strong enough to give us again a rebound? Where are we going this time directly on 9000?
This week we will play it safe even if perhaps be, we can count on U.S. statistics to get us out of this mess. As long as we stay in- above 9420, the parity can bounce back to 9580 and 9620. Under 9420, we should go back to test the lows of 9350/20 for a rebound or the big jump to 9000.
(more…)
In early January we wrote that “We buy from 1.26/2650 to touch as it stays above 2420. Under this item, we will sell for 2250 has to offer with a rebound goal 1.26/2650 and why not 2820 “and after much difficulty the EUR- CHF is reached at the highest return on 3020.
Now, what is up or the bounce will take? That is the question this month. The daily MACD is still bullish, but we’re starting to see signs of consolidation under 1.30. May be the euro- T he needed a break after months of increases in 2820? Before returning to test 3050.
(more…)