Theleftanchor.com::Forex trading -Technical analysis daily,weekly

Every successful trader keeps a diary where he records with the greatest possible accuracy, your transactions. It ‘an important thing to do, because it allows you to monitor, in black and white, your goals. How do I keep a diary of trading?

First, always put the date in order to have a sort of history. Write down everything that is important to you: objectives, how you plan to achieve them, in what period of time, thoughts and feelings that you have in life outside of trading, thoughts and feelings that you have in trading.

Write down the positions that you want to open even before it, makes you much more real. One of the potential benefits of holding a book trading is that it allows you to gain some understanding about the importance of keeping the losses small.
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One of the most common mistakes when it comes to trading on any market, it is overtrading. This is a solution that can lead to considerable losses when the market is not quite clear. To trade in a high is not a bad thing a priori, much depends on market conditions unclear that prevent us from achieving our goals on a monthly basis. There is no right amount in terms of number of transactions to be made on a particular day, week or month. Much depends on the trader and the methodology that each is following.

But one thing we know for sure is that if you are consistently losing money is because:

You do not have a full and fair trading strategy, or it has but for some reason did not follow it. This includes the use of money management, the proper degree of risk and management positions, the definition of an entry in the market, the use of stop-loss orders and take profit, etc..
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While other central banks , including BOC , the RBA or the ECB , were forced to keep interest rates to contain rising prices, the Fed had it easier story to monetary policy by failing to provide a high-pressure inflation. However, data from August Consumer Price Index U.S. show that inflation has already reached the forecast that the Fed had for years. This may make the Fed now has to worry more about their policy in regards to inflation.

The figure for the CPI in August exceeded the forecasts for the first time in six months achieved an increase of 0.4% versus 0.2% increase forecast by analysts. This figure upward resulting in a 0.2% increase in the CPI annual rate of 3.8% lelga. The largest price increase was given in food (0.5%) and energy (1.2%) If we see the evolution of the CPI in the U.S., is the highest since September 2008.
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The forex trader can use in the conduct of its business, Forex trading signals. These signals are composed of several parts. Surely therein is technical analysis, which is to interpret graphs. There are literally hundreds of different graphics that seek to predict the future movement of a currency pair by analyzing historical data. Some investors say however that past performance may not have any influence on future events that may influence the movement of a currency.

For example, the British pound may have done very well for months, going as a tendency, but then something unforeseen happens and negative British pound and the currency collapses, which would never have been able to predict the charts.
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With the advent of the Internet many things have changed. In the forex market, which is the sector that interests us, the Internet has brought some really huge news. We know that the forex currency exchange can therefore operate on this market is to purchase and sell currency pairs.

Before i nternet Forex was only for big businesses or the rich. But today you can start trading with as little as 100 euros, thanks to the mini accounts. It is enough to have a fast internet connection at home and you can start operating. One important thing that novice traders can consider is to buy the forex signals, which are excellent solutions to allow you to find great opportunities in the Forex market.
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EUR / USD

For today’s the day we might consider opening a new long position if the price of this exchange ratio should break the rising share of 1.3860, setting a first target share and 1.3870 share of 1.3900 as the second goal. If the price of this exchange ratio should break downward the value of 1.3670, then we could open a new short position by fixing the first goal at a height of 1.3650 and 1.3630 share as the second goal.

EUR / GBP

For today’s session we open a position if the purchase price of this exchange ratio should break the rising share of 0.8730, 0.8750, and setting a first target 0.8770 as the second goal. If the value of this cross should break down 0.8660, then we could open a short position by setting a first target 0.8640 and 0.8620 as the second goal.
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Rumors and sound bites have weakened the euro against the dollar yesterday was such that to reassure the markets, there has been talk of a meeting Sarkozy / Merkel. The effect was immediate as the euro is resumed and the stock market. However, nothing has changed and Greece is still virtually bankrupt. Our board of the morning we returned to the lows of yesterday before our area rebound 3580/70. As long as we stay in- Above these points, we can keep the strategy yesterday. Namely a return to 3680 and 3720. We sell these items as appropriate. On the upside, we must be careful because the MACD is bearish 30 mins and 4 hours even if the bull is a passage in 3570 could return us to test the levels of Monday morning, 3520/10. Similarly, it should be wary of English numbers 10:30 that they do not concern the euro, would still affect the parity.
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An interesting day today, the impression that the trap prepared for both bulls and bears for. Broad saw with plenty of outlets. My result of the day – 2 transactions unprofitable and profitable, a small plus in the end. Yesterday turned out much better, and this is despite the trade is not out of the house (sold in heavenly conditions for the rest). Breakdown is still not working, on the market today have nothing to do, some may be of interest only from scalpers stay, the rest (daytrader) should be understood that in such a saw is not worth climbing.
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Last week, we wrote “These items are for sale and that as long as the daily MACD is bearish. However, it will be wary of a return of 6050, as output from the bottom of the range is always possible “and indeed, we are out of range from the bottom to finish the week on 5879 when we were back on a buyer for 1.63 … …

All last week was bearish on the pound and we passed under 1.60 but failed to hold and return to weekend- above this level. Indulgence or beginning of a larger decline in parity? It is likely that if the course was to remain in- above 1.58, we may consider the current decline as a little weakness and a rapid return- above 1.60, we would consolidate this.
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The day happened yesterday while consolidation and range between 4010 and 4080. Today, volatility should bounce back with the ECB at 13:45 and then Mr.Trichet and his press conference at 14:30. But what the market will wait most is the speech this afternoon, afternoon of Obama and measures to support the economy. Our board of the morning, 30 mins macd went bullish. It is still fragile but if you passes above 4095 then rise to a timid 4120/50 is quite possible this morning. The 4am is also bullish but again, it will move 4095. Thus, we find now, sellers in 4080 with stoploss of 4095. Nevertheless, and if one fails to pass these levels on the rise, we should return to the bottom of yesterday in 4020/10. We buy these levels for 4080 and 4120/50. In 4020/10, only the area of media 3980/70 may take a larger decline to 3840.
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