According to INVESTOPEDIA, Moving Average Convergence Divergence or simply MACD is a trend-following momentum indicator that shows the relationship between two moving averages of prices. Today i’m going to share with you some patterns that i used to follow. note: Red circles indicates entry signal AND entry is made on the opening of the next [...]
a summary of what isah post; from my point of view. EU is a definite bull. in nearer term i would expect a bit of correction and by end of the week it will eventually go for the bull. looking at the calendar, thursday and friday would be crucial. as always, monday is full of [...]
What is Nonfarm Employment change?Measures the change in number of employed people during the previous month, excluding the farming industry. A rising trend has a positive effect on the nation’s currency. Job creation is an important indicator of economic health because consumer spending, which is highly correlated with labor conditions, makes up a large portion [...]
some people did ask me, what template do i use? is it the one that we can download it in any forex forum? the truth is, the template were given to me by my sifu, fxsentral. this template is among the first that he gave me.so how did this template profit me? study every single [...]
for you guys who are looking for swing trading, i’ve divided the currencies into 3 sets; set 1 : EUR, Swiss, Yen set 2 : USD set 3 : Pound, Cad, Aus from now till 20th january, i assume that those in set 1, will be stronger than the USD (set 2). on the other [...]
yesterday was something to remember for the USD. the ISM really sets the tone for the USD in 2008. last night, i recorded a bearish UJ (+-238pips), a bearish GU(+-272pips) and a bullish EU(+-106). i really didn’t expect that the ISM would fell to 47.7, which is a solid decline from last month’s 50.8 reading. [...]
yes..its 2008 now..i’m getting older..huhu. sometimes i wish i could turn back time and trade when i was 16!! back at 1996, i was still at SM Sains Johor, in form 4 i reckon. so what can we expect from the fx market? does EU really gonna hit 1.500? will sterling stand strong? is UJ [...]
