Open trading account 
Now that the summer trading environment is hopefully behind us, I'm hoping that I'll regain my mojo in the markets. I'm not sure about you but this summer trading has been very hard to trade at least for me. Right now I'm not having a clear direction for the dollar as it's still moving inside a wide range zone. It's no secret that I'm a dollar perma-bull and I'm expecting in the next 1-2 year to see more dollar strength before this trend to deflate. If you want to know more about my view on the …
Daytrader21's Blog
FX - The Wild Wild West
So, a new month has started and like a good champ I'm , I start to make plans and tell myself I'm going to take only the setups that fits my criteria. So far so good until I see a trade on GBP/AUD (see Figure 1)and I see a nice short opportunity, everything was pointing for a down move and I decide to short it.
What do you thing happens the first moment after my order got triggered? Yes you're right the market starts moving against me . But it's not moving slow and steady but instead it's postin…
What do you thing happens the first moment after my order got triggered? Yes you're right the market starts moving against me . But it's not moving slow and steady but instead it's postin…
May FX Seasonal Cycles
Since a new month has started, the best way to asserts the probability of where the market is likely to be heading in this month is for us to look at the seasonality patterns. The seasonality cycles will bring in a new dimension in which you can analyse the market. Seasonality are a predictable change in price that repeats every day, week, month, year at the same period in time.
You can find more details how this seasonal patterns affect the exchange rate and more importantly how to correctly us…
You can find more details how this seasonal patterns affect the exchange rate and more importantly how to correctly us…
October Seasonal Forex Paatterns
Since a new month has started the best way to asserts the probability of where the market is likely to be heading in this month is for us to look at the seasonality patterns. The seasonality cycles will bring in a new dimension in which you can analyse the market. Seasonality are a predictable change in price that repeats every day, week, month, year at the same period in time.
You can find more details how this seasonal patterns affect the exchange rate and more importantly how to correctly us…
Previous Week in Summary
This past week we saw some big move developments and was a very busy week for the markets and the euro pairs generating the most interest. The past week risk events have been also generating some volatility which over the past weeks was hitting new lows.
First we have ECB which as expected has delivered and backed up Mario Draghi's words. Although ECB has introduced more easing than expected EUR/USD reaction took many by surprise. But this only add to t…
Does Your Broker Hunt Your Stop Loss
As I've been promised yesterday today I'm going to cover an interesting subject that many aspiring new trader are very confused about. You'll see this subject popping up on trading forums on a daily basis by novice traders who blame anyone else except themselves for their bad trades and losses. Many new traders and even traders who are in this business for years have this flawed idea that somehow your Broker hunts your SL order. So, Does your Broker hunt your stop loss?
The short answer to this…
The short answer to this…