Kamis, 31 Maret 2016

CCI Divergences to Have a Look At January 4 (updated) ~ forex trading classes in india



Here are some current regular divergences you may be able to take advantage of.

I like to use the CCI regular divergences to find trend reversals, they work out much of the time.

Probably you will want to confirm by using other indicators or approaches.

Here are four charts that I located with regular divergences at this time.


DaveM-0256




DaveM-0257




DaveM-0258




DaveM-0259



There may be some opportunities with these, and certainly more CCI Divergences will appear as the day passes.

Good Trading!

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Easiest cash on earth for webmasters ~ forex trading income tax malaysia


This post is not related to forex trading, but most of you guys have their own blogs or websites where you put your thoughts, analysis or just articles on trading. But most important fact is: you are interested in making money and this is what this topic is all about.

First of all you need to know that i wont be talking about big money, you will probably never earn more then 1 000$ in a month, not even close to 500$.

But the fun part is, all you need to do is place a small banner on your website, thats it!

You will earn 5£ every single month, just for keeping this banner on your website, sounds to good to be true?

Well i also thought this way, but when i reviewed this company i realized, there is nothing to lose.

It is completely free. Free to join and free to earn easiest money online. In my opinion it is a quite decent deal.

You maybe thinking why would anyone possibly want to put a banner on my website and pay for it 5£ a month? But the reality is a bit different, when you signup you have to select 3 pages from your website where their banner will be visible. Then within 48 hours they will review your website, and accept or decline your application depending on your website.

But again there is no risk involved, if they decline your application, so what, you didnt lost a dime!

Join now before they stop accepting new members.

If you are interested in this company here is URL with my referral code, and another one without a referral code, choose whatever you want.

http://www.bucks4banners.net/?aff=11631
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Chinese Yuan depreciates further What is the endgame ~ forex trading account australia


 

The devaluation of the Yuan is going to have a significant effect on markets, forex, stocks, commodities, futures as weeks pass. This article appeared on eftrends site August 13.

 

 

This article was written by Rob Waldner, chief strategist and head of the Multi-Sector team for Invesco Fixed Income.

After China’s surprise devaluation of the yuan by 1.9% on Tuesday, the Chinese currency was devalued by another 1.6% on Wednesday.1 Policymakers appear to be following a pattern of setting the daily fix — which sets the center point for trading during that day — with reference to the market price at the close of the previous day. Invesco Fixed Income believes that further devaluations are likely as the People’s Bank of China (PBoC), the country’s central bank, acquiesces to market pressure and price movements over time.

‘Dirty float’ strategy confirmed

On Tuesday, the PBoC intervened in the currency market at the end of the day to apparently limit depreciation of the exchange rate into the market’s close. This confirms our view that China is likely pursuing a so-called “dirty float” — a floating exchange rate system in which a government or central bank occasionally intervenes to affect the value of its country’s currency in a managed fashion. With this intervention, we believe the PBoC aims to control the speed of the yuan’s depreciation to prevent it from declining too rapidly. It remains to be seen how effectively the authorities will be able to manage the yuan’s fall. Further yuan depreciation is likely, in our view, and we anticipate competitive devaluations down the line among China’s trading partners, especially in Asia.

Interpreting these devaluations

There appears to be some confusion locally and abroad about the rationale for Tuesday’s decision to alter the currency regime for the first time in more than two decades. The domestic Chinese press discusses the move in terms of needed reform to make the yuan more market driven, perhaps making it more likely to be included in the International Monetary Fund’s Special Drawing Rights (SDR) basket of international reserve currencies. SDRs serve to supplement member countries’ official reserves. An additional interpretation is that the devaluation could help boost exports to support economic growth. Both views are valid.

 

The bigger picture

In our view, China’s recent currency regime change fits into a broader story: Major economic blocs have adjusted their currencies in recent years to reignite growth and combat disinflationary and deflationary pressures caused by the long cycle of deleveraging following the great financial crisis.

We believe that we’re moving into an environment of ongoing depreciation of the yuan to boost growth, offset deflationary pressure and manage high debt loads within the Chinese economy. Similar policy action occurred beginning two years ago in Japan and a year later in Europe. In our view, China’s move opens the Asia chapter.

Competitive devaluations across the globe aren’t possible without affecting all major economies, as indicated by the current volatility upswing in global markets in response to China’s latest policy action. Although the need for Chinese stimulus has been clear, our core view had been that the Chinese authorities would proceed without using its currency as a policy tool. Instead, China has apparently put the yuan in play. The impact of this move will extend to many markets and have several implications. In our view:

  1. We’re entering a period of US dollar appreciation versus non-Japan Asia. Therefore, we are reallocating our currency views to be short non-Japan Asia, namely Taiwan, Korea, Malaysia, Singapore, and China.
  1. The yuan devaluation is positive for both European and US government bonds, in our view. The deflationary impact of a weaker yuan and non-Japan Asia currencies is likely to lead to declines in long-maturity government bond yields in Europe and the US and lead to yield curve flattening.
  1. Yuan devaluation probably means the Federal Reserve (Fed) will need to tighten less. While we believe the Fed will likely raise interest rates by the end of this year, possibly as soon as September, China’s move may decrease the amount of tightening necessary, ultimately reducing the terminal fed funds rate and effectively limiting the level of US interest rates.
  1. In general, riskier assets, such as stocks and credit assets, are likely to come under some pressure in the face of deflationary pressures. We believe Asia and emerging market credit in general are likely to be the most pressured, while European credit is likely to be the most isolated.

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PVSRA Price Volume S R Analysis ~ forex trading is a good business


PVSRA (Price, Volume, S&R Analysis)







Introduction to PVSRA
So, let us begin with an overview of PVSRA. In time, more will be transcribed here, but let this suffice for now. I would like to break this up and say something brief about each part. Okay?

Price - Some people say "Price Action is King". I say, we cannot know how the MMs (Market Makers) will move price next, period. But price tends to consolidate above key SR when MMs are filling short orders for SM (Smart Money) and long orders for DM (Dumb Money), and price tends to consolidate below key SR when MMs are filling long orders for SM and short orders for DM. The MMs are also "SM", and they tend to do the other SMs "one better"! This means that after the MMs fill the SM/DM orders, they might move price a bit further in an attempt to stop out some of those SM executed orders and sucker in more DM; both giving liquidity for the MMs to add to their own SM side position. Yes, the MMs are bastards. But the point is that could leave price not "nicely" above or below a SR anymore, yet more consolidation can occur.

Volume - Increases in activity denote increase in interest. But, is it long or short interest? Where is price in the bigger picture when this is happening? Is it at relative highs, or lows in the overall price action? And if a high volume bar is for a candle which you can examine by going to lower TF charts, you might see where in the spread of that candle the most volume occurred, high or low! Using volume is about taking note of relative increases in volume and what price is doing at the same time. Are the better volumes favoring the lower or the higher prices, as the MMs waffle price up and down? And do the volumes get particularly notable when the MMs take price above or below key SR?

S&R - Read all about S&R at "Baby Pips.com". What I want you to realize here is that the whole, half and quarter numbered price levels (hereinafter referred to as "Levels") are the most important SR of all in this market! Not because price stops, pauses, proceeds or reverses there, but because it is above or below these levels that important consolidation (MMs filling SM orders) takes place. Once SM long orders are filled, they become interested in placing orders to close them at higher prices, and hence the MMs will be moving price higher, eventually. Once SM short orders are filled, they become interested in placing orders to close them at lower prices, and hence the MMs will be moving price lower, eventually.

PVSRA - If we can spot consolidations above/below key SR, examine the overall price action on various TF charts, and take note of where the notable increases in volume have most recently occurred (did volume favor relative highs or lows), then we can build a consensus about what kind of orders the MMs have most recently been filling; buying to open longs or close shorts, or selling to open shorts or close longs. And we can get a better idea if things will next become bullish or bearish. And once PA confirms our bullish or bearish PVSRA results, by recognizing the importance of Levels we can look beyond current PA in the direction it is going and look to historic PA S&R (consolidation around key Levels) to come up with candidates for where the price might be headed. And bull or bear swings typically run in terms of 100+, 150+, 200+ pips, .....etc. And now you know why.

Okay. Now, if this is your first introduction to PVSRA, and having just read the above, you are likely scratching your head and still confused. That is normal. I will tell you a secret about the market and why you have a right to be confused. The secret is this. The market cannot be defined by mathematics nor by immutable logic. This is why the most advanced mathematicians over a century have never even come close to cracking the market. It cannot be done. Something else, other than math and immutable logic is the fundamental operand in the market. Have you ever watched a child attempt a jigsaw puzzle for the first time? And watched as that child grew and attempted more of them, and more complex ones? What is at work in the market I will elaborate on later, but for now trust me in this. We need to apply ourselves to learning how to do PVSRA just as a child attacks learning how to do jigsaw puzzles. And we must continue doing PVSRA, because in time our mind will "learn" when we have just picked up an important piece of the puzzle, and that we know where it goes! Developing the skill of PVSRA is an art form. We must not allow ourselves to feel badly if we miss clues. PVSRA is an art form that takes time to perfect. Over time our skill will grow and our "read" of the unpredictable market will improve. We must take to ongoing learning and application of PVSRA.


Introduction to How the Market Really Works
Does anybody remember the "lil Abner" cartoons in the Sunday papers? Let me draw for you a mental picture of how the market really works.....

Imagine Daddy Yokum ferociously racing a buckboard wagon up and down the steep inclines and declines in the rough, rocky mountain road that has sharp turns and a sheer cliff on one side. The wagon wheels are spewing rocks off the side of the cliff! Even Daddy Yokums shotgun is going off due to the jolting of the buckboard! Daddy Yokum has a demented look on his face, but he is smiling! The horse has a wild look in its eyes and is frothing at the mouth. There are two passengers being tossed around in the back of the buckboard, terror stricken! Now, lets pan back from this cartoon picture and place the labels needed. On the side of the wagon is the sign "Market Pricing". The demented, smiling Daddy Yokum, is the Market Maker. The passengers being tossed around are the buyers and sellers.

.....Got it? Market prices are not determined by the buyers and sellers. They are determined by the Robber Bank Market Makers (MMs).


MMs are Market Manipulators of Price, and Thieves!
The "market" is the sole creation of the Robber Banks that "make the market". While it serves the world of commerce, they run it to make profits. And they opened the market up to foster prolific currency trading by others for the sole purpose of making more profits. They move prices up and down to "create liquidity" to fill the orders of SM (Smart Money) and DM (Dumb Money), for the commissions they make by filling the orders. When they have some orders above the current price and some below the current price, who do you think determines the sequence of direction and distance the price is going to move so these orders can be filled? And always - since they know how they are going to move price next - they take positions themselves to make additional profits.

They do this by:
1. Manipulating price to sucker into the market DM that is taking the wrong side position.
2. Manipulating price to sucker into the market SM that is taking the right side position, but too soon, and later manipulating price to hit their stops.

They have total control of pricing, and by these actions they effectively "steal" from others the money to fill their own "right side" positions before moving the price to the next area they have decided on for filling orders, and for taking profit on their positions built beforehand. Dont get me wrong. I do not object to the market volatility these thieving Robber Banks create. We need it. But we also need to understand what these people are like, the cloth they are cut from. They are crooks, and we have to be extra careful about trading in the market they operate. On some special days you can see them in their true colors. We should witness it. Take note of it. Speak of it. And remember it!

So, it makes sense that we must Cautiously Ride the Coattails of the Crooks Operating this Market!


The PVSRA Template(s) and Indicators
At the bottom of Post #1 you will find the latest available zip file containing the sample template and supporting indicators for both black and white charts. Download the zip file. Extract it to yield the two folders for black and white charts which contain the files for the indicators and templates. Paste the indicator files into the MT4/MQL4/Indicators folder. Be sure the indicators go into the MQL4/Indicators folder. Access this folder from the opened MT4 platform by clicking on File/Open Data Folder/MQL4/Indicators. If your operating system is Windows 7 or 8 and you have difficulty with the indicators/templates, right click on MT4 icon -> properties -> compatibility win xp sp3. Paste the template files into the MT4/Templates folder. Restart your MT4 application.

Warning! Do Your Homework! - For information on the use of indicator basic features, definitions and changes from previous versions, read the User Notes at the top of the code of each indicator. The User Notes are there to instruct, inform and avoid having to repeatedly answer the same questions from "newbies". Therefore, be hereby advised! Read the User Notes and experiment with the External Inputs of these indicators instead of asking questions! You can read the User Notes after the indicators are installed into MT4. In the main MT4 window there is a yellow icon representing a manual. Click on it to open the MetaEditor, where you will find a list called the Navigator that contains a file called Indicators wherein you will find our indicators. Double click on any of our indicators in that list and the code for it will appear in the MetaEditor window. You will find the User Notes at the top of the code. A brief summary follows.

#1 Trade Levels - This indicator replaces the need to display the MT4 build-in trade level lines, which clutter the chart and cannot be customized. Our indicator displays trade entry points and levels, the level for the average of all EPs (permits variable sizes), and the levels of your TP and SL. Lines are color coded, include labels (including a Profit/Loss label), and make for a cleaner chart while providing much better information to help you manage your trade.

#2 Access Panel - This indicator gives you access to a number of charting features, including a Clock, special Bid and Ask lines, the display of Levels, "Natural" Fibos, time zone adjustable Pivots, Range H/L marks for the day and week, special vertical day Separators and vLines that mark the start-end of important markets during the day. Take note that some of the features mentioned here you will find turned "Off" on the sample templates. You will have to use the External Inputs provided to turn them "On. This indicator has many External Inputs for customizing. Daylight Savings Time considerations are fully automatic. A proper chart display is not dependent on live data feed. However, this indicator has a critical setup procedure users must follow, so read the User Notes!

#3 FFCAL Panel - This indicator lists up to four coming events that can affect market volatility, using prioritizing code for best assurance of "early warning."

#4 Trend Suite - This indicator provides a variety of ways you can display a moving average line: a dot filled band, a simple line or multiple lines, and a solid colored configuration. By default, this is set to draw a 50 EMA, a good choice replacing the need to display more than one moving average line.

#5 Candles Suite - This indicator draws PVA (Price-Volume Analysis) bars, candlesticks and candle bodies, as well as standard bars, candlesticks and Heiken-Ashi candles. An alert option signals when a "Climax" PVA situation exists.

#6 Volumes Suite - This indicator draws a PVA (Price-Volume Analysis) volumes histogram or a standard volumes histogram in the first chart subwindow. An alert option signals when a "Climax" PVA situation exists.

Acknowledgements - I wish to express my sincere appreciation of the following individuals whose efforts make our indicators the superlative indicators that they are. We owe a debt of gratitude to them for their work:
"caveman" - for his generous contribution to TzPivots coding back in the early days of the THV thread, and which has been carried forward since.
"pips4life" - for his excellent Clock which is the basis for our Clock, and for controlling our market vLines and TzPivots thru Daylight Savings Time shifts.
"qFish" - for substantial and critical code in our Trade Levels indicator, Chart Scale code in our Trend/Candles/Volumes Suite indicators and work on FFCal.
"deVries" - for recoding the handling of files in our FFCal indicator so it would run properly on MT4 Build 600+.
"atstrader" - for a feature added to FFCal, and for recent additional modification of the file handling code.

Sample Templates - The sample templates (for both black and white charts) are just a start. Many different templates can be created by changing the External Inputs of the indicators and re-saving with a different name. This is the recommended way to customize for yourself. Do not try to customize any chart but the sample templates provided. You can run into serious problems you are not aware of due to the complexities involved in how the order of our indicators affect the proper displays of the others, and in how certain MT4 chart properties are set! .

CLICK HERE TO DOWNLOAD



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Yield Curve Articles As At August 11 (updated) ~ forex trader demo account


Certainly the recent activity in the Yuan will be having some affect on the Yield Curve as well as on the prices of stocks and bonds and currencies.

I have gathered some very recent articles expressing the views of different writers as to what the yield curves will be looking like as days pass.




JGBs gain as US jobs data flattens Treasuries yield curve - Reuters
http://news.google.com Mon, 10 Aug 2015 05:40:00 GMT
JGBs gain as US jobs data flattens Treasuries yield curveReutersThe 10-year Japanese government bond yield dipped 1.0 basis point to 0.405 percent, while the price of 10-year JGB futures rose 0.12 in price to 147.62. The 30-year JGB yield also fell 1 ...

Read more ...


Yield curve flattens after US jobs data supports September rate hike - Business Recorder (press release) (blog)
http://news.google.com Sat, 08 Aug 2015 23:09:52 GMT
BloombergYield curve flattens after US jobs data supports September rate hikeBusiness Recorder (press release) (blog)The yield looked set for its biggest one-day decline in about a month. The yield spread between five-year and 30-year Treasuries was ...

Read more ...


What a rout in commodities has done to long-term bond yields - MarketWatch
http://news.google.com Mon, 10 Aug 2015 21:15:59 GMT
MarketWatchWhat a rout in commodities has done to long-term bond yieldsMarketWatchAs short-term Treasury yields have risen and long-term yields have fallen, the yield curve is flatter today (green) than it was a month ago (red) and a year ago (yellow ...

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Why Chinas yuan devaluation is good for Treasury investors - MarketWatch
http://news.google.com Mon, 10 Aug 2015 21:15:59 GMT
MarketWatchWhy Chinas yuan devaluation is good for Treasury investorsMarketWatchThis has caused a trend of rising demand in long-term Treasury bonds, leading long-term prices to rise and long-term yields to fall. Meanwhile the shorter maturities hav ...

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Interest rates are already hurting mortgage REIT ETFs - Finance and Commerce
http://news.google.com Mon, 10 Aug 2015 19:32:57 GMT
Interest rates are already hurting mortgage REIT ETFsFinance and CommerceThese companies margins are sensitive to the shape of the yield curve. They love a steep yield curve — where short-term rates are very low and longer-term rates much higher — s ...

Read more ...


The Macro Environment Roundup - TheStreet.com
http://news.google.com Mon, 10 Aug 2015 14:02:24 GMT
The Macro Environment RoundupTheStreet.comAs Yogi Berra noted, you can observe a lot just by watching. This weeks fun fact: The Eurodollar yield curve is lower now than it was following the May employment report, released in June, but the Federal Re ...

Read more ...


Doug Kass Predicted the China Devaluation; How Will It Hit the U.S. Market? - TheStreet.com
http://news.google.com Tue, 11 Aug 2015 16:59:00 GMT
TheStreet.comDoug Kass Predicted the China Devaluation; How Will It Hit the U.S. Market?TheStreet.comI would also plan on some strength in U.S. fixed-income prices (and on lower yields), as well as a flattening in the yield curve. So, I remain short ...

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4 Hedged amp; Inverse ETFs to Ride Out Imminent Rate Hike - Zacks.com
http://news.google.com Tue, 11 Aug 2015 14:03:45 GMT
4 Hedged amp; Inverse ETFs to Ride Out Imminent Rate HikeZacks.comFixed-income investing had enjoyed a great show in 2014 and in the early part of 2015, especially in the longer part of the yield curve. However, the prospect of rising rates and risks ...

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U.K. Government Bonds Decline as Market Focuses on Wage Report - Bloomberg
http://news.google.com Mon, 10 Aug 2015 11:07:40 GMT
U.K. Government Bonds Decline as Market Focuses on Wage ReportBloombergA so-called flattening yield curve, where the yields on shorter-maturity bonds rise faster than those on long-dated securities, may suggest investors are betting policy makers wil ...

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CANADA FX DEBT-C$ falls as Chinas surprise devaluation hits oil price - Reuters
http://news.google.com Tue, 11 Aug 2015 14:31:00 GMT
CANADA FX DEBT-C$ falls as Chinas surprise devaluation hits oil priceReutersCanadian government bond prices were higher across the maturity curve, with the two-year price up 6 Canadian cents to yield 0.43 percent and the benchmark 10-year rising 68 ...

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Have a Look at the 50 Moving Average Trading Strategy ~ forex trading alerts sms


The 50 moving average trading strategy can have some excellent points.

The 50 moving average can be used in combination with other moving averages such as the 200 or 100 or 20 to pinpoint moving average crossover entries and exits.

Another use for the 50 day moving average is to compare what may be happening between different groups of currencies.

For example, I have placed several charts on this page which show the relationship of price to the 50 day moving average, you will see price reverting to the mean and crossing the average and approaching the average.

Notice that all of these prices are below the 50 moving average with the exception of the US Dollar.






















As you can see, a review of the 50 Moving Average can give you a quick idea as to what is happening to many currency pairs with regard to the other and similar pair.

You will also notice that from time to time there are some good price moves signaled by the 50 moving average.


Have a great week ahead..!
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Aims Fx Forex System ~ forex trading tips of success




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Rabu, 30 Maret 2016

Yield Curve Articles As At August 8 (updated) ~ forex trading free live account


Yield Curve is getting to be of great importance to traders and investors as interest rates start to fluctuate.

Below are some recent opinion articles.


TREASURIES-Yield curve flattens after US jobs data supports Sept rate hike - Reuters
http://news.google.com Fri, 07 Aug 2015 19:37:00 GMT
CNBCTREASURIES-Yield curve flattens after US jobs data supports Sept rate hikeReutersThe curve flattener trade of slightly higher short-term yields and lower long-term yields showed traders leaning toward the view that the Fed is on track to raise ...

Read more ...


Fidelity Says Twist in Treasury Yield Curve Has Further to Run - Bloomberg
http://news.google.com Wed, 05 Aug 2015 07:24:10 GMT
MarketWatchFidelity Says Twist in Treasury Yield Curve Has Further to RunBloombergInvestor demand for longer-maturity Treasuries means theyre willing to accept a smaller yield premium to get the securities. Fidelity Investments says the trend has fu ...

Read more ...


Yield Curve Moves Explained With Three Words - Forbes
http://news.google.com Fri, 31 Jul 2015 13:18:33 GMT
ForbesYield Curve Moves Explained With Three WordsForbesFor the past few days we have seen a “flattening” in the U.S. Treasury yield curve. We have seen the front end yields (3 years and shorter) move higher as bonds have sold off. At the same time, ...

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Manulife Financial Corp profit drops 36% after steeper yield curve weighs on ... - Financial Post
http://news.google.com Thu, 06 Aug 2015 11:19:15 GMT
Financial PostManulife Financial Corp profit drops 36% after steeper yield curve weighs on ...Financial PostNet income slipped as the company took a $362 million hit as its accounting assumptions were negatively impacted by a steepening yield curve, ...

Read more ...


Interest Rates Are Already Hurting Mortgage REIT ETFs - Bloomberg
http://news.google.com Fri, 07 Aug 2015 14:42:00 GMT
BloombergInterest Rates Are Already Hurting Mortgage REIT ETFsBloombergThese companies margins are sensitive to the shape of the yield curve. They love a steep yield curve — where short-term rates are very low and longer-term rates much higher — sin ...

Read more ...


As Fed Rate Hike Speculation Mounts, High-Yield mREIT ETFs Weaken - ETF Trends
http://news.google.com Fri, 07 Aug 2015 20:00:52 GMT
Investorplace.comAs Fed Rate Hike Speculation Mounts, High-Yield mREIT ETFs WeakenETF TrendsGoldsborough, though, notes that rising rates may not be all negative for mortgage REITs as costs may be diminished in a rising rate environment if long-term ...

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AUDUSD Trading Strategy As At August 12 (updated) ~ forex trading account opening in india



Was the AUDUSD damaged by the devaluation of the Yuan?

Lets have a look first at the chart. You can see that this pair has moved up a long way from the low of the day and is now trading at close to the high of the day, and higher than it was a few days ago.


                                                      DaveM-0027
                                                                    
Here are some comments from earlier in the day.

AUD/USD Technical Analysis: Aussie Dips to Six-Year Low - DailyFX
http://news.google.com Wed, 12 Aug 2015 08:59:21 GMT
DailyFXAUD/USD Technical Analysis: Aussie Dips to Six-Year LowDailyFXThe Australian Dollar dipped to the lowest level in over six years in the wake of Chinas second Yuan devaluation in two days. Near-term support is at 0.7219, the 23.6% Fibonacci ex ...
Read more ...


AUDUSD orders 12 August - ForexLive
http://news.google.com Wed, 12 Aug 2015 08:02:43 GMT
AUDUSD orders 12 AugustForexLiveAll the biggest trading floors in the world have screens locked on ForexLive™. We provide real-time forex news and analysis at the highest level while making it accessible for less-experienced traders.and more?»
Read more ...


AUD/USD Daily Outlook - Action Forex
http://news.google.com Wed, 12 Aug 2015 06:57:00 GMT
AUD/USD Daily OutlookAction ForexAUD/USDs sharp decline and break of 0.7233 support confirms down trend resumption. Intraday bias is back on the downside for long term retracement level at 0.7182 next. Break will target 61.8% projection of 0.9504 to ...
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PBOCs Decision Vital to Next AUD/USD, USD/JPY Moves - Forex Market (blog)
http://news.google.com Wed, 12 Aug 2015 06:20:11 GMT
PBOCs Decision Vital to Next AUD/USD, USD/JPY MovesForex Market (blog)The Peoples Bank of Chinas decision to loosen the USDCNY trading band last night will have far-reaching implications. Look no further than the fact that the PBOC released an exp ...
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Intraday Outlooks For EUR/USD, USD/CNH, EUR/GBP, AUD/USD - SEB - eFXnews
http://news.google.com Wed, 12 Aug 2015 07:22:00 GMT
Investing.comIntraday Outlooks For EUR/USD, USD/CNH, EUR/GBP, AUD/USD - SEBeFXnewsAUD/USD: Poor follow through at a new low. Again the pair was rejected from the 2001 trend line and this time also by creating a bearish key day reversal suggesting tha ...
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AUD/USD Short-Term Elliott Wave Analysis: August 12, 2015 - Investing.com
http://news.google.com Wed, 12 Aug 2015 06:55:26 GMT
Investing.comAUD/USD Short-Term Elliott Wave Analysis: August 12, 2015Investing.comRally to 0.7439 ended wave (X). Wave ((w)) decline from this level and is unfolding in a zigzag structure, where wave (a) ended at 0.73, wave (b) ended at 0.7356, and ...
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AUD/USD Fundamental Analysis – August 13, 2015 – Forecast - FX Empire
http://news.google.com Wed, 12 Aug 2015 04:12:49 GMT
FX EmpireAUD/USD Fundamental Analysis – August 13, 2015 – ForecastFX EmpireThe AUD/USD tumbled 51 points to its lowest level in years as China weighs heavily on the export commodity along with the devaluation of the yuan. This morning Westpac consume ...
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USDCAD Trading Strategy as at November 17 (updated) ~ forex trade alert season 14




Any USDCAD Trading Strategy will have to be tempered with the view that this pair is going lower in, at least, the short term.


There have been some fluctuations in price in this pair as the two economies are facing different hurdles.

I have a chart here showing some divergence that probably indicates that the Canadian dollar will be settling lower in days to come.




I have another chart, a Point and Figure chart of the Canadian Dollar which shows a target of .86, also indicating a further drop.




In fundamental news affecting the Canadian Dollar:


  • International Securities Transactions lower than expected.
  • Oil Prices softening
  • Gold prices easing back into a consolidation


On Friday will be released the Canadian Consumer Price Index(CPI) which may influence the Canadian Dollar in a positive way.

My expectation is that the US Dollar will resume its rise against the Canadian Dollar in the short term.











More info for USDCAD Trading Strategy as at November 17 (updated) ~ forex trade alert season 14:
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How forex market should operate ~ forex trading income tax uk


Interesting article at Vanguard, author explains how Forex market should operate. Article is based on proposal for a liberalized foreign exchange market in Nigeria and its economic benefits.

Two most interesting sections selected by author are:
  • How market will operate
  • Payment for import and forex auction
"3.6 HOW THE MARKET WILL OPERATE
The CBN will consolidate the distributable portion of the dollar earnings monthly (or at worst bimonthly) in arrears. The realizable values will be published in appropriate government bulletins monthly.

3.6.1 The CBN would issue warrants denominated in dollars monthly without fail to each beneficiary of federally derived dollar revenue according to constitutional provisions with regard to sharing of such revenue.


3.6.2 The beneficiary of the dollar warrant (strictly not cash) (federal, state, local governments, statutory agencies etc) will approach their separate bankers with their dollar warrants for conversion of all or part of the dollar warrant into naira for its corporate budgetary obligations which cannot be paid in dollars (since the dollar is not legal tender in Nigeria).


3.6.3 All buying and selling of currencies will be carried out through a bank or any other such denominated financial institution.


The local bank officer on receipt of the request would seek current rate confirmation from its head office before concluding a deal."


Read more here: Dollar allocations
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US Dollar Index Update as at December 22 (updated) ~ forex trading institute in lahore




US Dollar Index is showing a little weakness at this time.

Both the Macd and RSI have been showing bearish divergence, it may be that there will be a significant decline as weeks pass.

Today’s close at 98.23 is just about to go below the 50 MA, next support level will be at about 96.50


DaveM-0220






Dollar Poised to Snap Three-Month Rally as Gradual Fed Pace Seen - Bloomberg
Tue, 22 Dec 2015 15:44:05 GMT
Malay Mail OnlineDollar Poised to Snap Three-Month Rally as Gradual Fed Pace SeenBloombergIntercontinental Exchange Inc.s U.S. Dollar Index, which tracks the currency against six major peers, was down 0.4 percent as of 10:18 a.m. in New York. The ga ...
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FOREX-Dollar index pares losses after US GDP data - Reuters
Tue, 22 Dec 2015 13:43:00 GMT
FOREX-Dollar index pares losses after US GDP dataReutersEconomists polled by Reuters had forecast third-quarter GDP growth revised down to a 1.9 percent rate. The dollar index which measures the greenback against the euro, yen and four other currenci ...
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US Dollar Index Technical Analysis for December 22, 2015 - FXTimes (press release) (registration)
Tue, 22 Dec 2015 06:57:00 GMT
US Dollar Index Technical Analysis for December 22, 2015FXTimes (press release) (registration)The US Dollar Index has moved lower from 99.25/30 levels earlier as discussed here. The index is trading around 98.40/50 levels, looking for a retracement/p ...
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Gold Extends Early Gains as US Dollar Index Weaker - Forbes
Mon, 21 Dec 2015 15:13:00 GMT
Gold Extends Early Gains as US Dollar Index WeakerForbes(Kitco News) - Gold prices are trading solidly higher in late-morning dealings Monday, on follow-through technical buying from Fridays rebound and on some short covering in the futures market. ...
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Dollar Index and Services PMI Both Fell - Market Realist
http://news.google.com Mon, 21 Dec 2015 16:04:59 GMT
Market RealistDollar Index and Services PMI Both FellMarket RealistThe US Dollar Index measures the strength of the US dollar against other major currencies. It fell by 0.58% on December 18, 2015. The index was on a correction mode after the near 1.5 ...
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Gold Price Analysis As At January 4 (updated) ~ forex trading institute in kolkata




How Do We Determine Gold Price Direction?

The Gold Price is difficult to forecast at this time as there are many factors in play.
Gold has been trading quietly recently and any gold analysis is going to have to be a bit speculative as no direction has been established except for bearish.

Recent developments in the Middle East have triggered a rise in the market today, we will have to wait to see if it is going to be significant.

A Technical Look at the Gold Price.



I have three charts to look at, they all show similar.

DaveM-0252




The Point and Figure chart is showing that Gold is building a base, however no clear sign of direction.

DaveM-0253


And this chart is showing similar, there is no movement out of the range.


DaveM-0254


The Renko chart is showing possibly oversold at this time and definitely no sign of a recovery in the gold price.

Here are some articles reflecting opinions on the market from recent days.

Interesting to note that the price of gold fluctuates inversely to the markets in Asia.


Gold prices fall for a third year in a row - Sky News Australia
Sun, 03 Jan 2016 22:03:00 GMT
Sky News AustraliaGold prices fall for a third year in a rowSky News AustraliaGold prices a bit higher on Thursday, ending the year down 10 per cent for its third straight annual decline. The metal also faces another potentially challenging year in 2 ...
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PRECIOUS-Gold rises on higher oil prices, Middle East tensions - Reuters
Mon, 04 Jan 2016 00:58:46 GMT
ReutersPRECIOUS-Gold rises on higher oil prices, Middle East tensionsReutersSINGAPORE, Jan 4 Gold inched up on Monday, bolstered by a jump in oil prices and safe-haven bids from rising geopolitical tensions in the Middle East. FUNDAMENTALS * Spot gol ...
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Gold punters better off mounting bearish bets - Economic Times
Sun, 03 Jan 2016 22:32:11 GMT
Gold punters better off mounting bearish betsEconomic TimesMUMBAI: Gold bugs might have luck coming their way as the metal could trade at the lower end of a Rs 24,740-25,914 per 10 gm band in the first month of the New Year because of a stronger doll ...
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Gold Likely to Stay Tarnished in 2016 - Barrons
Sat, 02 Jan 2016 03:14:38 GMT
BarronsGold Likely to Stay Tarnished in 2016BarronsBeaten-down gold is unlikely to tempt many investors in 2016, as markets wait for an indication of how far and how fast the Federal Reserve will raise interest rates. Gold finished 2015 near a six- ...
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7 Predictions For 2016: Gold, Energy, Equities, Bitcoin - Seeking Alpha
Sun, 03 Jan 2016 12:43:00 GMT
7 Predictions For 2016: Gold, Energy, Equities, BitcoinSeeking AlphaDespite my hesitation in writing another piece like this, people seem to love prediction articles. It used to be an easier task to simply identify and go with the trends, but so much ...
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Gold Up as Saudi Tension Spurs Investors Return to Haven Assets - Bloomberg
Mon, 04 Jan 2016 02:27:36 GMT
Gold Up as Saudi Tension Spurs Investors Return to Haven AssetsBloombergGold advanced as escalating tension between Saudi Arabia and Iran prompted a return to haven assets. Bullion for immediate delivery climbed as much as 0.5 percent to $1,066.04 an ...
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CCI Divergence Trading Strategy As At August 28 (updated) ~ forex trading institute in pune


Using CCI Divergence as a trading strategy can be quite effective, once the trend change is confirmed by price action.

I have assembled a couple charts to show current divergences which may be useful signals in coming days.
















These are just a few of many that are available to observe on many time frames. I choose the higher time frames as those are the ones that I trade most frequently.

Here are some articles that describe CCI divergence and give some examples. Do note that some of these articles are a few years old.

CCI Divergence 5mn @ Forex Factory
http://www.forexfactory.com/ Wed, 28 Jan 2009 11:23:29 -0800
Bonjour à tous. Id like to share another simple method with you and based on CCI divergence. CCI 10 (Typical price HLC/3) TF 5mn. The CCI divergence must be beyond of 100/-100. You sell the divergence when the closed ...

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CCI Divergence indicator for Thinkorswim TOS - Patternsmart
http://www.patternsmart.com/cart/ Tue, 23 Jun 2015 13:52:33 -0700
Commodity Channel Index (CCI) is an oscillator which can help traders to identify over-sold and over-bought level. VIP price is: $69. CCI Divergence indicator gives possible reversal signals when there are discrepancies between CCI and ...

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Urban Forex CCI Divergence Breakout Strategy Testing Setup
http://www.tradingheroes.com/ Thu, 13 Nov 2014 19:19:01 -0800
How to backtest and forward test the CCI Divergence Breakout Strategy. It will give you the complete testing plan and software tutorials.

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CCI Divergence Breakout Strategy for Binary Options Trading
http://www.binaryoptionsthatsuck.com/ Tue, 01 Jul 2014 03:00:01 -0700
Well… here comes the tricky part, we have to spot divergence between price movement and CCI, if you are not familiar with this concept dont drop down your weapons, BOTS is giving a helping hand just click here and find ...

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Here is a video showing one use of CCI Divergence

And here are a couple more posts on Divergence

boutique trading strategies: Can We use CCI Divergences to ...

boutique trading strategies: Divergent Opportunities for ...

boutique trading strategies: Renko Trading Strategies (1)

Enjoy!


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Drake Delay Stochastic – Strategy For The Binary Options With Confirmation Signal ~ forex trader business


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Drake Delay Stochastic – strategy for the binary options with confirmation signal





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Trading Strategy Drake Delay Stochastic based on indicators and is designed for working with binary options and other financial instruments. Trade is conducted at the turn of the boundaries of the channel with the confirmation of Stochastic.

Characteristics of Drake Delay Stochastic

Platform: Metatrader4
Asset: Any currency pair, any indices, any stocks and any commodities
Trading Time: European and American sessions
Timeframe: M15 or higher
Expire: 3 candles (for M15 - 45 min, and so forth)
Recommended broker: uTrader, 24option
Installing of indicators and template of Drake Delay Stochastic

Unpack the archive with templates and indicators.
Copy folders MQL4 and templates to the folder Files/Open Data Folder.
Restart the terminal.
Open the desired graph of the currency pair.
Set the template Drake Delay Stochastic.
Switch to the TF M15 or higher, of your choice.
Rules of trade by Drake Delay Stochastic

This system has a sound notification from the pop-up window, which is very convenient for graphical waiting signal.

Signals for CALL:

The price reached a lower blue or red zone
Was formed yellow dot
Stochastic is in oversold (below 20)
Open Call option after closing the signal candle, on the next bar:
Signals for PUT:

The price reached a upper blue or red zone
Was formed yellow dot
Stochastic is in overbought zone (above 80 level)
Open Put option after closing the signal candle, on the next bar:

Additional advice from the author: to increase the probability of successful trading, it is desirable to open orders in the trend of the senior timeframe.

Drake Delay Stochastic is the traditional strategy to rebound from the channel where the confirmation signal is done using stochastic modification. Such tactics may crash to market to the flat, so use the recommendations of the author in any questionable signal.

The main advantage of the strategy is to open a position after the confirmation of signal, which allows pre-check its effectiveness in the tester on the story.


CLICK HERE TO DOWNLOAD



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