For something a little different today I used the FXPrimeFilterV2 Trading system- trading in my demo account.
I do use this system with my live account. But as I have said in the past almost all trading systems I know of require you use some common sense along with other indicators. Fib levels, support and resistance [...]
Rocky road so far this week again. The new stimulus plan is shaking the stock market. And does not appear to be giving the currency market any bias. The GPB/USD seems lost. Be careful and stick with currency trading basics. Make your line in the sand and make the market come to you. Some times [...]
Word of mouth seemed to control the FOREX market for most of the week. Euro and GPB broke consolidation many times just to return or re-enter into consolidation.
The talk of the stimulus package seemed to be controlling the us markets. Our new Treasury Secretary Geithner was suppose to talk a lot but things being pretty [...]
Breaking News
CAD Housing 8:15 New York Time/ Exp 165/ Prev 172
US- Past experience can lead to future results? When US Treasury Secretary Geithner speaks how much will the market listen?
Treasury Secretary Geithner at 12:30 New York Time Plans to unveil a revamped plan for stabilizing the country’s financial system
I am not a stock trader but I just had to add this in here.
I don’t know where the automobile companies are going for sure. But I do know their stock prices are so close to the bottom they cant go much lower. I don’t make any recommendations but take it for what it is [...]
Huge figures and not much of a move. (-598,000). Unemployment rate went from 7.2 to 7.6 percent. I guess about the only thing that will make huge moves in the market for the US Dollar is some unexpected good news. Which is really rare these days.
The EUR/USD came out of the announcement with very little [...]
Is their light at the end of this tunnel or a deep dark dungeon?
Sure many of us have lost our jobs including me. We do need help but is a stimulus package of this magnitude the answer? It seems to me we could do a lot with this money just to help the unemployed get [...]
There are many Forex Trading systems to choose from. Some cost big bucks and there are many available for free. Some are very simple to use with very few indicators and others have so many indicators and studies on the charts you can hardly read the chart. Which is better for you depends a lot [...]
I have read this book twice. It’s a little pricey but well worth the money. Wayne McDonell The Author of this book does an outstanding job providing step by step instructions and explains what to look for in the charts. He teaches you to let the trade come to you instead of chasing the trade. [...]
