Showing posts with label forex. Show all posts
Showing posts with label forex. Show all posts

Friday, August 14, 2015

Chinese Yuan depreciates further: What is the endgame?

 

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.

Tuesday, August 11, 2015

China Has An Enormous Effect on Markets August 11, 2015

Today's devaluation of the Yuan is going to have a serious effect in some areas and some currencies.

We can have expectations of a shuffle as nations try to re adjust their position with regards to trading.

Below is some opinions I have gathered with some additional information as to how stocks and bonds and forex may be affected in coming days.


Stock Futures Slip After China Devalues Currency - TheStreet.com
http://news.google.com Tue, 11 Aug 2015 12:27:00 GMT
LivemintStock Futures Slip After China Devalues CurrencyTheStreet.comTerex (TEX - Get Report) jumped more than 20% before the bell on news the company has agreed to an all-share merger with competitor Konecranes. The combined company will generate $1 ...

Read more ...


US stocks drop after China rattles currency market - MarketWatch
http://news.google.com Tue, 11 Aug 2015 17:30:12 GMT
USA TODAYUS stocks drop after China rattles currency marketMarketWatchStock losses intensified Tuesday as the Dow fell more than 200 points after a surprise devaluation of the yuan by China, the world's second-largest economy, called into question ho ...

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MARKET SNAPSHOT: US Stock Futures Skid After China Shakes Forex Market - Morningstar.com
http://news.google.com Tue, 11 Aug 2015 12:33:01 GMT
Bulletin LeaderMARKET SNAPSHOT: US Stock Futures Skid After China Shakes Forex MarketMorningstar.comU.S. stocks were poised on Tuesday for a pullback as investors digest a surprise devaluation in the yuan and how it may impact the timing of the first ...

Read more ...


US Stock Futures Sink After Chinese Devaluation Stirs Fears of Currency War ... - Nasdaq
http://news.google.com Tue, 11 Aug 2015 12:42:02 GMT
US Stock Futures Sink After Chinese Devaluation Stirs Fears of Currency War ...NasdaqWall Street's fresh gains on the back of Monday's billion dollar M&A action were undermined when the People's Bank of China orchestrated a near 2% depreciation in th ...

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US Stock Futures Signal Lower Start On Wall Street - Benzinga
http://news.google.com Tue, 11 Aug 2015 11:43:04 GMT
US Stock Futures Signal Lower Start On Wall StreetBenzingaUS stock futures traded lower in early pre-market trade. Data on productivity and costs for the second quarter will be released at 8:30 a.m. ET, while wholesale inventories data for June will ...

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Wednesday, August 5, 2015

USDJPY Trading Strategy As At August 5, 2015





This is a Renko chart, 10 pip bars. This Renko Trading Strategy makes use of the TMA bands, a simple and clean chart.









Forex technical analysis: USDJPY gets it's lap in - ForexLive
 Wed, 05 Aug 2015 13:49:19 GMT
ForexLiveForex technical analysis: USDJPY gets it's lap inForexLiveThe USDJPY is completing it's lap as it completed a fall after the weaker than expected US ADP employment change report (185K vs. 215K estimate). The move lower (which was started pri ...
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USDJPY - Vulnerable Below The 124.47/57 Zone - Forex Crunch
 Wed, 05 Aug 2015 17:18:00 GMT
USDJPY - Vulnerable Below The 124.47/57 ZoneForex CrunchConversely, resistance comes in at the 124.47/57 levels where a break will target the 125.00 level. Below here if seen will aim at the 125.50 level followed by the 126.00 level. On the whole, US ...
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Forex technical analysis: USDCAD, USDJPY, USDCHF, NZDUSD make new day extremes - ForexLive
 Tue, 04 Aug 2015 18:23:14 GMT
ForexLiveForex technical analysis: USDCAD, USDJPY, USDCHF, NZDUSD make new day extremesForexLiveAtlanta Fed Lockhart said he saw liftoff in September and the dollar soared. New extremes have been made (at least for the day) in the EURUSD, USDCHF, USD ...
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USD/JPY Technical Analysis: July Highs Pressured Anew - DailyFX
 Wed, 05 Aug 2015 06:13:05 GMT
DailyFXUSD/JPY Technical Analysis: July Highs Pressured AnewDailyFXThe US Dollar is attempting to renew upside momentum against the Japanese Yen, with prices moving to test July's highs once again. Near-term resistance is at 124.55, the 38.2% Fibonac ...
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Tuesday, January 27, 2015

9 Currency ETF's That May Influence Your Trading Strategy



Many Forex Traders and Investors have asizable interest in what may be happening to various currenciesregarding their trading strategy. Today I will gather someinformation on a group of ETF's related to several of the heavilytraded currencies.

  • Currencies are volatile today and will be more volatile as weeks pass.
  • Countries are manipulating their currencies to gain advantages and export markets.
  • Politicians are exploiting interest rates and QE programs to stimulate their economies


The following are the Guggenheim'CurrencyShares' Trust Vehicles:

Australian Dollar (FXA)
Canadian Dollar (FXC)
Euro (FXE)
Japanese Yen (FXY)
British Pound (FXB)
Swedish Krona (FXS)
Swiss Franc (FXF)
Singapore Dollar (FXSG)
Chinese Renminbi (FXCH)


As you can see, this list covers theimportant and most heavily traded currencies exclusive of the USDollar.

In another article I will explore therelationships of each of these currencies with the US Dollar.

Here is a chart from ETFScreen.comoutlining a comparison of the Relative Strength factor for the pastquarter. Of course, as each day passes there will be changes inRelative Strength factor and the order in the list will change.





This next chart illustrates acomparison in percent change for the past several months, I amassuming that the down slope is closely related to the climb in theUS Dollar.





This chart, from etf.com illustratesthe fund flows into each of these ETF's for the past month.






Of course we want to know what is inthe future for currencies and that is not easy to know, there havenot been many successful forecasters. However, there is one school ofthought that we can consult and that is based on past performance.

Point and Figure Charts are not theholy grail, however they have a good track record and for thispurpose they will cast some light on future direction.

Here is the P&F chart for FXA, theAustralian Dollar Trust, I point out the Bearish Price Objective.




Instead of posting a P&F Chart inhere, I will list the Price Objective (as at January 23,2015) foreach Currency ETF.(Source Stockcharts.com)

Australian Dollar (FXA) 70.00
Canadian Dollar (FXC) 84.00
Euro (FXE) 86.00
Japanese Yen (FXY) 62.00
British Pound (FXB) 210.00
Swedish Krona (FXS 82.00
Swiss Franc (FXF) 151.00
Singapore Dollar (FXSG) -
Chinese Renminbi (FXCH) -

(FXSG and FXCH unavailable)



I will be updating the information on each of these currencies and ETF's in coming days.









Tuesday, November 4, 2014

Divergent Opportunities for November 4, 2014



Here are a couple 240 minute charts that may be worth watching for a couple days as there is CCI Divergence appearing.

I like to be aware of divergences between the price and indicator as it often indicates a change in direction.  Not always does direction change but price action will point out suitable entries.


For me, CCI Divergence is most useful as it is easy to spot, the indicator is made up of only one line on the chart, everything is simple.

These charts are but a small portion of the divergences I have seen in the past few minutes, I may scan my charts daily to see what opportunities I can post.

These charts are 240 minute, perhaps the Daily charts would be more useful considering the time that it takes to do the research and build the post.






















Today I have posted  three current examples, however, more would be better..! and the post length will be much longer tomorrow,

Should you have any preferences regarding the time frame, please let me know and I will accomodate your request.

Good Trading!!

Tuesday, August 26, 2014

Can you Use A Stochastic Momentum Index Trading Strategy

Simplified and profitable trading strategy.


The Stochastic Momentum Index offers asimplified approach to trading, especially with Renko bars.

This indicator is easily located with asearch on the internet as it is not included in all chartingpackages, if not found it can easily be coded to suit whicheverplatform requires it.

I am attaching three charts from todayand you will see that it shows a pending change in direction as itapproaches and passes the 40 level.






Personally, I use a moving average asshown on the charts as a confirmation.

On each of the charts above, you willeasily see how the trend change was depicted, making this indicator asimple way to measure as to when entries and exits can be made.

Each trader will have to adjust theindicator settings to get the chart to talk to him/her vividly, otherthan that the indicator does not need much else in the way ofsupport.

Study these charts for a few minutesand then have a glance at the articles I have attached to clarify thevarious applications of the indicator.


Once you have studied the articles andthe charts you will be able to easily adapt the Stochastic MomentumIndex to your trading system.

I have added an excellent video at the bottom of the page, the author explains in detail as to how she uses this tool.




Technical analysis: key levels for FTSE, DAX and Dow - IG
Tue, 26 Aug 2014 10:04:15 GMT
Technical analysis: key levels for FTSE, DAX and DowIGHowever, with the stochastic momentum index also sitting at extreme levels traders should be careful before going all in. A look at the intraday chart shows that 6820 is holding back upward moves ...
Read more ...

Here are some tips as to the use of the indicator

Stochastic Momentum Index: Its Formula and Trading Use ...
http://www.informedtrades.com/ Wed, 11 Dec 2013 16:16:59 -0800
Trade the Stochastic Momentum Index Indicator on the Forex.com Platform KEY POINTS REGARDING THE STOCHASTIC MOMENTUM INDEX Introduced by William Blau.
Read more ...



FREE TIME USER: Stochastic Momentum Index (SMI)
http://freetimeuser.blogspot.com/ Mon, 13 Feb 2012 01:11:15 -0800
Stochastic Momentum Index (SMI). Developed by William Blau in 1993, it is an extension of the Stochastic Oscillator indicator, only calculated slightly different (it regards the mid range instead of the true range of the price per period).
Read more ...

The following article emphasizes the simplicity available from this strategy.

Stochastic Momentum Index Strategy Review | Forex ...
http://forex-trading-blog.com/ Tue, 14 Jan 2014 06:06:40 -0800
Stochastic Momentum Index Strategy Review. It is Easy to learn Forex strategy that takes only a few minutes a day to find and manage trades. It uses readily available charting tools and visually oriented method for rapid and systematic ...
Read more ...


The author of this video goes into detail as to how she applies the indicator to her charts and how she interprets it. This is well worth watching.


Saturday, August 23, 2014

How Will News About The Euro Affect Your Trading Strategy

How will news of the EURO affect your trading strategy?


From what I am reading in the articles below, there is a grim situation around the value of the EURO and that situation is not about to change anytime soon. Forex trading has been affected by the bearish move of the EURO for several weeks and there seems to be no end of bad news.


The economies seem to be floundering and sentiment is strong that the EURO is weak.


Something that I have discovered from reviewing some charts is that technically the decline of the EURO may be slowing and, in fact,  an uptrend may be close at hand.


Have a look at these two charts. You can see the bullish pattern on EURUSD and the bearish pattern on USDDKK. These two currency pairs constantly travel in opposite directions and both are showing a reversal pattern.







This leads me to believe that the bearish news may be about to cease as the reversal begins.


Dollar Rallies Versus Euro in Longest Streak Since 2012 on Fed - Bloomberg
Sat, 23 Aug 2014 04:15:31 GMT
Dollar Rallies Versus Euro in Longest Streak Since 2012 on FedBloombergThe dollar rallied against the euro in the longest stretch in more than two years as data from housing to jobless claims signaled faster economic growth, bolstering speculation th ...
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Where Next? LATEST Forecasts for the British Pound, Dollar and Euro ... - Pound Sterling Live
 Fri, 22 Aug 2014 15:17:31 GMT
Pound Sterling LiveWhere Next? LATEST Forecasts for the British Pound, Dollar and Euro ...Pound Sterling LiveBritain's pound sterling (GBP) has seen fresh weakness set in following the release of data which points to a cooling in the rate of expansio ...
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The Eurozone Is Being Sacrificed Upon The Golden Cross Of The Euro - Forbes
Fri, 22 Aug 2014 17:46:37 GMT
The Eurozone Is Being Sacrificed Upon The Golden Cross Of The EuroForbesWelcome attention is being paid to the way in which the European Central Bank, and European politicians, are sacrificing the economy of the eurozone to that golden cross of the e ...
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Wednesday, August 20, 2014

Forex Wrapup as at August 20, 2014

Perhaps we will have to adjust our trading strategies very soon..
We have a couple articles here by some recognized experts in currencies, Marc Chandler and Dean Poppelwell. Both of these authors have been involved in currencies for a number of years and have developed an acute sense as to what may be occuring in the markets at this time.
Their articles will provide some decision making information for our longer term  trading strategies
EMU External Account Reviewed
Category: FXE,Marc Chandler Wednesday, August 20, 2014 10:16:20 AM
By Marc Chandler:
The euro area reported its current and financial accounts for the month of June. Combined they make up the balance of payments.
Traditionally, under the gold standard, the current account would be balanced by capital flows and the transfer of gold claims.
In the modern era, some economists emphasize the basic balance in explaining (and forecasting) currency fluctuations. The basic balance is the current account plus long-term capital flows. The assumption is that short-term capital flows are noisy, influenced by cyclical factors, while long-term capital flows are thought to be the true signal, reflecting underlying productivity.
Yet, it often seems that the long-run is a series of short-run disruptions, and that in any kind of time frame relevant for investors and speculators, cyclical considerations are significant. Moreover, currencies deviate in terms of both direction and magnitude for extended periods. It is there are a number of other balances that currencies

Complete Story »

Category: FXA,GDAY,CROC,Dean Popplewell Wednesday, August 20, 2014 1:47:52 AM
By Dean Popplewell:
By Stuart McPhee
AUD/USD for Wednesday, August 20, 2014
The Australian dollar is threatening to break through the support level at 0.93, after recently falling sharply from above 0.9340 in recent hours. Over the last month or so, it has generally been sliding lower from close to 0.95 down to its present trading levels around 0.93. A couple of weeks ago the Australian dollar surged higher to a one week high near 0.9375, before easing back and then falling sharply. It has done well of late to cling onto the 0.93 level after its sharp fall which saw it move from above 0.9400 down to a seven week low below 0.9240. A few weeks ago it was easing back below both the 0.9425 and 0.9400 levels with the former providing some resistance. The Australian dollar reached a three week high just shy of 0.9480 several weeks ago after it enjoyed



Category: FXE,FXB,FXY,FXA,UUP,UDN,Marc Chandler Wednesday, August 20, 2014 7:32:27 AM
By Marc Chandler:
The US dollar is posting gains across the board. It has risen above JPY103 to its best level since early April. The euro has been pushed through the $1.33 and is at its lowest level since last September. The greenback is also edging higher against the dollar-bloc and most emerging market currencies.
Sterling is the main exception. It also had been under pressure, slipping to $1.6600, but two dissents in favor of an immediate rate hike at this month's MPC meeting sent sterling quickly higher (~$1.6680), before sellers re-emerged. The dissents came from the MPC's external members Weale and McCafferty. There had been some speculation of 1-2 dissents, though we were skeptical.
UK interest rates rose a few basis points across the curve, and this lent sterling support. However, data out since the MPC meeting indicates, coupled with the tone of the minutes, ensures Weale and McCafferty stay in



 Category: UUP,UDN,FXE,FXY,FXB,FXC,FXF,FXA,NZDS,Dean Popplewell Wednesday, August 20, 2014 7:27:24 AM
By Dean Popplewell:
By Dean Popplewell
Currently, the central banker remains at the 'core' for most of the forex moves. Governor Stevens at the RBA is trying hard to jawbone his own currency, the Aussie dollar, lower. The 'chameleon' Governor Carney at the BoE seems to be confusing investors with some hawkish weekend copy, combined with dovish comments delivered last week, is complicating the pound's direction this week. Thrown into the mix is an MPC dissenter or two, and if nothing else, policy makers are certainly providing investors with price movement opportunities.
Even stateside, the investor is looking to the policy maker for guidance. The FOMC will release the minutes from its last meeting later this afternoon. Expect the market to downplay the event; instead dealers prefer to look to the annual symposium on monetary policy in Jackson Hole this Friday for market direction. The FOMC minutes will certainly indicate what happened a


Monday, August 18, 2014

Forex Wrapup For August 18, 2014

Some collected notes on a few of the major currency pairs for today.

The currency pairs are not trending well and volatility is not really improving that much so far.

Worldwide tensions seem to be affecting commodity prices as well as the prices for the currencies.

Tomorrow may be different.!








EURUSD

 Mon, 18 Aug 2014 14:18:32 GMT
Pound Sterling LiveEuro Forecast Today: EUR/GBP and EUR/USD Exchange Rates to Decline ...Pound Sterling LiveThe euro rate is today (Monday, 18th/8th) offering decent rates to euro sellers as we enter the new trading week. A strong end to the precedin ...
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5 Reasons EUR/USD is Coiling - GBP/USD Waits for UK, US CPIs on Tues - DailyFX
Mon, 18 Aug 2014 11:13:14 GMT
5 Reasons EUR/USD is Coiling - GBP/USD Waits for UK, US CPIs on TuesDailyFXInstead, there are several competing factors at work keeping EURUSD pinned lower. Among them: interest rate differentials, especially among peripheral sovereigns; liquidity co ...
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EUR/USD: Await Breakout; AUD/USD: Sell Into 55d AVG - Commerzbank - eFXnews
Mon, 18 Aug 2014 10:13:09 GMT
EUR/USD: Await Breakout; AUD/USD: Sell Into 55d AVG - CommerzbankeFXnewsLast week EUR/USD was sidelined between its 1.3336/33 current August lows and the upper pennant line at 1.3419, notes Commerzbank. 'The near term risk is still for a corrective r ...
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Major Currency Pairs: EUR/USD USD/JPY GBP/USD : August 18, 2014 - Investing.com
Mon, 18 Aug 2014 10:16:04 GMT
Major Currency Pairs: EUR/USD USD/JPY GBP/USD : August 18, 2014Investing.comThe broad consolidation pattern above 1.3330 is still underway and the intraday bias is positive, for one more upswing towards 1.3450 resistance zone. On the senior frames th ...
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Staying Short EUR/USD & Looking For Opportunities To Re-Buy USD/JPY - BNPP - eFXnews
 Mon, 18 Aug 2014 07:57:34 GMT
Staying Short EUR/USD & Looking For Opportunities To Re-Buy USD/JPY - BNPPeFXnews'We remain constructive on the USD, continuing to run a short EURUSD and watching for opportunities to re-enter USDJPY longs,' BNPP advises. BNPP maintains a short EUR/U ...
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Intra-Day Market Moving News and Views EUR/USD - FXstreet.com
 Mon, 18 Aug 2014 09:52:23 GMT
Intra-Day Market Moving News and Views EUR/USDFXstreet.comwww.AceTraderFX.com 24-Hr Real-time Signals Consistent Performance Intra-day, Daily, Weekly. with Email Alerts Function Try 2-week for $40 USD. Intra-Day Market Moving News and Views EUR/USD - ...
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EUR/USD Relatively Rangebound - Investing.com
Mon, 18 Aug 2014 14:41:42 GMT
EUR/USD Relatively RangeboundInvesting.comIn terms of investment bank commentary, GS says it's difficult to tell when the EUR/USD will be ready to turn back lower again, the fact that oscillators are back into the middle of their range implies that t ...
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USDJPY


USD/JPY At A Crossroads - Investing.com
Mon, 18 Aug 2014 10:22:28 GMT
USD/JPY At A CrossroadsInvesting.comThe USD/JPY remains a critical juncture near its range-top with signs of indecision made evident by a Doji formation on the daily. While not considered a key reversal pattern, the candlestick suggests hesitation fr ...
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USD/JPY Drivers Are Changing; We Went Long - Morgan Stanley - eFXnews
Mon, 18 Aug 2014 10:56:24 GMT
USD/JPY Drivers Are Changing; We Went Long - Morgan StanleyeFXnews'We acknowledged that even though USD/JPY would still react to broader changes in risk appetite, it would be increasingly more driven by movements in the US yield curve and the possibi ...
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USD/JPY Technical Analysis: Seeking Upward Momentum - DailyFX
 Mon, 18 Aug 2014 07:36:32 GMT
USD/JPY Technical Analysis: Seeking Upward MomentumDailyFXThe US Dollar is attempting to regain traction against the Japanese Yen after hitting a two-week low beneath the 102.00 figure. A daily close above the 50% Fibonacci expansion at 102.51 expose ...
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USD/JPY: Unable To Break 102.70 - Investing.com
 Mon, 18 Aug 2014 10:33:37 GMT
USD/JPY: Unable To Break 102.70Investing.comThe USD/JPY unable to break above 102.70 and that looks like the end of the recovery. Resistance at 102.38/42 is the main challenge for today and below 102.25 keeps the market under pressure for a test of g ...
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Staying Short EUR/USD & Looking For Opportunities To Re-Buy USD/JPY - BNPP - eFXnews
Mon, 18 Aug 2014 07:57:34 GMT
Staying Short EUR/USD & Looking For Opportunities To Re-Buy USD/JPY - BNPPeFXnews'We remain constructive on the USD, continuing to run a short EURUSD and watching for opportunities to re-enter USDJPY longs,' BNPP advises. BNPP maintains a short EUR/U ...
Read more ...

USDCAD


Forex - USD/CAD slips but downside seen limited - Investing.com
 Mon, 18 Aug 2014 14:29:55 GMT
Forex - USD/CAD slips but downside seen limitedInvesting.comInvesting.com - The U.S. dollar slipped against its Canadian counterpart on Monday, but losses were expected to remain limited as disappointing data from Canada weighed on demand for the loo ...
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Forex - USD/CAD weekly outlook: August 18 - 22 - NASDAQ
Sun, 17 Aug 2014 14:00:26 GMT
Forex - USD/CAD weekly outlook: August 18 - 22NASDAQUSD/CAD fell to lows of 1.0860 before pulling back to 1.0896 late Friday. For the week, the pair lost 0.67%. The pair is likely to find support at around the 1.0850 level and resistance at 1.0940. S ...
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USD/CAD Technical Analysis: Sellers Struggle to Break 1.09 - DailyFX
Mon, 18 Aug 2014 02:16:17 GMT
USD/CAD Technical Analysis: Sellers Struggle to Break 1.09DailyFXWe entered long USDCAD at 1.0811. The trade has now met its initial objective at 1.0875 and we've taken profit on half of our exposure. The rest remains open to capture any further upsi ...
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USD/CAD Crawls Under 1.0900 Floor Following Bearish Engulfing Pattern - DailyFX
Mon, 18 Aug 2014 08:39:41 GMT
USD/CAD Crawls Under 1.0900 Floor Following Bearish Engulfing PatternDailyFXUSD/CAD has cleared the critical 1.0900 barrier following the emergence of a Bearish Engulfing candlestick pattern near the pair's recent highs. The downside break suggests a ...
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USDCAD - sentiment turns down below 1.1000 - TradingFloor.com
Mon, 18 Aug 2014 07:02:02 GMT
USDCAD - sentiment turns down below 1.1000TradingFloor.comThe sequence of three up weeks ended with the market unable to sustain prices beyond a 50% correction of the fall from this year's top, 1.0949. The most negative performance for 7 weeks result ...
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AUDUSD


Forex - AUD/USD almost unchanged after Australian data - NASDAQ
Mon, 18 Aug 2014 08:59:08 GMT
AUD NewsForex - AUD/USD almost unchanged after Australian dataNASDAQAUD/USD hit 0.9309 during late Asian trade, the session low; the pair subsequently consolidated at 0.9319, dipping 0.01%. The pair was likely to find support at 0.9298, the low of Au ...
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AUD/USD: Staged A Good Recovery - Investing.com
Mon, 18 Aug 2014 10:36:11 GMT
AUD/USD: Staged A Good RecoveryInvesting.comThe AUD/USD staged a good recovery last week as far as the 100 day moving average resistance at 9335 and topped exactly here. As we know, only a break above here this week would be seen as positive and targ ...
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AUD/USD Bulls Hesitate As Doji Forms At Nearby Resistance - DailyFX
 Mon, 18 Aug 2014 07:22:35 GMT
AUD/USD Bulls Hesitate As Doji Forms At Nearby ResistanceDailyFXThe Australian Dollar is searching for direction above the 0.9280 mark with a Doji on the daily suggesting indecision amongst traders. A daily close above the former-range-bottom at 0.93 ...
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AUD/USD Daily Outlook - Action Forex
 Mon, 18 Aug 2014 07:30:36 GMT
AUD/USD Daily OutlookAction ForexIntraday bias in AUD/USD remains neutral for the moment. With 0.9374 resistance intact, deeper fall could still be seen to 0.9211 support and below. At this point, we'd expect downside should be contained by 38.2% ret ...
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USDCHF


USD/CHF: Bounce Continuation? - Investing.com
Mon, 18 Aug 2014 13:07:17 GMT
USD/CHF: Bounce Continuation?Investing.comCurrently the USD/CHF at 0.9049. We have a bounce on the trend wall and looking for a continuation to the R4 resistance area and 0.9090 with an overall target and 0.9130. The average daily true range (ATR) fo ...
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Forex - USD/CHF rises in light trade, eyes on Ukraine - NASDAQ
Mon, 18 Aug 2014 10:57:04 GMT
Forex - USD/CHF rises in light trade, eyes on UkraineNASDAQInvesting.com - The U.S. dollar rose against the Swiss franc in light trade on Monday, as investors remained cautious amid ongoing tensions in Ukraine. USD/CHF hit 0.9047 during European late ...
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USD/CHF best day in three weeks - FXstreet.com
Mon, 18 Aug 2014 21:06:14 GMT
USD/CHF best day in three weeksFXstreet.comFXStreet (Córdoba) - The USD/CHF finished higher, trading around 0.9060/65 on Monday, having the highest daily gain since July 22 after rising more than 40 pips or 0.44%. At the beginning of the week the USD ...
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USD/CHF Technical Analysis: Testing 3-Month Trend Support - DailyFX
Mon, 18 Aug 2014 03:02:07 GMT
USD/CHF Technical Analysis: Testing 3-Month Trend SupportDailyFXThe US Dollar turned lower against the Swiss Franc as expected after finding resistance below the 0.91 figure. Near-term support is at 0.9017, the intersection of the 23.6% Fibonacci ret ...
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USDCHF: Holding inside a corrective channel, the bias is bullish - TradingFloor.com
Mon, 18 Aug 2014 11:07:39 GMT
USDCHF: Holding inside a corrective channel, the bias is bullishTradingFloor.comUSDCHF – Trading for most of the week was mixed and volatile with levels inside the weekly Ichimoku Cloud being sold into.The fact that this happened at the 161.8% extens ...
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Wednesday, August 13, 2014

Is Macd Worthwhile For a Strategy?

Watch how I develop a trading strategy using the Macd.

There are so many ways to use the Macd.I want to develop an automated trading system which will be based onthe Macd.

I will set up Forex Strategy BuilderPro to generate a system, using the Macd as the 'seed'. The generatorin FSB Pro is free to change many aspects of the Macd as it iscreating strategies with other indicators or price conditions.

Here is a look at how I started this:




Sunday, August 10, 2014

Top 25 Forex Opinion Leaders



 Necessary for our trading strategies to work is information. Information as to what works and what does not work and also we need to know what may be happening in the market place. Fortunately for us as traders there are people who research and develop great content  and make this available to us on their sites.

Here is a list of great authors created by TradersDNA, these people are influencers in their area of expertise and I wanted to share this great list with you today.


Saturday, August 9, 2014

12 Excellent Books To Enhance Your Library OF Trading Strategies


What will we use for a Trading Strategy ?

How do we know what to look for on a chart?

Where will we place our entry?

What sort of indicators will show us what we need to know?

How to we evaluate our trading strategy?

How much will this strategy produce?

How much do I stand to lose from an entry using this strategy?

Thursday, August 7, 2014

Bill Williams Chaos Trading Strategy Part 4 (automation)

Hopefully this is the post in the series that is going to generate some great interest in the Bill Williams trading strategy.

I will demonstrate how Forex Strategy Builder can take these three indicators, the Alligator, the Awesome Oscillator and the Gator and make them into a trading system that generates some excellent money, fully automated.


Bill Williams Chaos Trading Strategy Part 3


Another part of the Bill Williams  trading system is the Gator which will be one of the lower indicators in your chart.

The Gator Oscillator is, in a way, similar to the Macd, in that it plots the convergence and divergence of the moving averages that form the Alligator lines. It actually demonstrates momentum.

Here are some articles to depict its use.


Wednesday, August 6, 2014

Bill Williams Chaos Trading Strategy Part 2




This is the second article on the Bill Williams 'Trading Chaos' Trading Strategy.

In this one I will present some information on the 'Awesome Oscillator' and its application.

Using  the Awesome Oscillator with the Alligator Indicator can make for the building of a very powerful and yet simple trading system.

Bill Williams Chaos Trading Strategy Part 1


Bill Williams Chaos Trading Strategy


This system is used by many, many traders in all parts of the world, quite a few of those traders do very well with this strategy.

There are many aspects to this system and many interpretations as to what may be a profitable approach to this trading strategy, some of which you will agree with and some of it you may disagree with.

The first part of the system that I will like to illustrate is the alligator, the three moving averages that dominate the price chart and give a very accurate picture as to what is happening with momentum.

5 Authors Discuss Scalping As A Trading Strategy




Scalping Without Getting Skinned Alive - InformedTrades
http://www.informedtrades.com Mon, 04 Aug 2014 15:01:57 GMT
Automated scalping systems can also instantly calculate, set and modify stop-loss and profit-taking orders, so traders can better focus on analytical and administrative tasks without missing sudden price moves. Consistency is ...
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8 Important Opinions For Your Trading Strategy





Bracket Orders & Trailing Stoploss (SL) | Z-Connect by Zerodha
http://zerodha.com Wed, 09 Apr 2014 14:52:19 GMT
If I placed a fixed stoploss and if Nifty goes to 6790 and comes back up, the stop at 6817 will stay, and even though I might have seen profit on this trade, might end up making a loss if Nifty hits my stop. .... 40 ticks means 2 points even for multiple lots say if u r taking 2 lots , then 40 ticks means 2*100=200 Rs in absolute terms? and if this is correct , that means we have to put 40 ticks only for a trailing stop loss of 2 points irrespective of no of lots of taken.. Reply. avatar.
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