SubscribeIn present condition of forex market is that EUR/USD is very strongly buy position but now the main problem of market is confidence among the trader and investor. We expect that end of the week market will go to 1.2720 point.
Thread: Technical Analysis.
In present condition of forex market is that EUR/USD is very strongly buy position but now the main problem of market is confidence among the trader and investor. We expect that end of the week market will go to 1.2720 point.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Fibonacci Ratios Strategy - How to Use the “Fibs” in Forex Trading
his is the second article in our Fibonacci Ratios series. If you haven’t already we suggest that you check out the first article about the Fibonacci Application. In that article, we covered the background of Fibonacci Ratios, or the “Fibs”, how they are calculated, and how they look on a chart. Ralph Nelson Elliott and W. D. Gann used these ratios in their various analyses, and traders use these ratios to predict with uncanny accuracy future levels of support and resistance in the forex markets.
Fibonacci Ratios, or the “Fibs”, can be used in a variety of ways. Metatrader offers many options from lines, to fans and channels, but the most popular use is to determine what are called lines of retracement, those levels where a wave ebbs and flows to form support and resistance. After designating the beginning and ending points of a previous trend, the tool creates a series of lines where future expectations are highest, and traders can then plan their trading strategies accordingly.
How to Read a Fibonacci Chart
Note: Past performance is not indicative of future results.The Fibonacci Ratio overlay is presented on the above “15 Minute” chart for the “AUD/USD” currency pair. In the example above, the series of “Red” lines are the Fibonacci Ratios calculated, based on the two points connected by the “Red” dotted line. The “Green” ovals have been added to emphasize the accuracy of the predicted levels of support and resistance.
Traders use the Fibonacci application to anticipate key points of reference for both upward and downward trends in order to prepare various long and short position trades and to place various stops along the way. The application works best when common levels are determined for a trend in multiple timeframes, thereby suggesting a convergence with a higher probability. The use of Fibonacci Ratios can also be enhanced with pattern recognition and an appropriate momentum oscillator.
As with any technical indicator, a Fibonacci Ratio overlay will never be 100% correct. False signals can occur, but the positive signals are consistent enough to give a forex trader an “edge”. Skill in interpreting and understanding Fibonacci signals must be developed over time, and complementing the Fibonacci tool with another indicator is always recommended for further confirmation of potential trend changes.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Thank You.......Originally Posted by oracle
Please can you explain more about breakout strategy?
---------- Post added at 07:37 PM ---------- Previous post was at 07:30 PM ----------
You are a great Teacher.....EUR/CHF: Technical Analysis (Long Term) for June 29, 2012
Forecast (Long Term):
At 1.2 a strong level (Support) will be formed providing a clear signal for Buy-deals with the target seen at the 1.254 level. Stop Loss is to be placed below 1.1850.
Overview:
Still hold on to our position - long buying above 1.2.
EUR/CHF: The market continues to show signs of strength following the break above 1.2000. Therefore it will turn to a strong support. In such case, a stronger rise should be seen towards 1.2524 resistance for confirmation. Moreover, the trend is still above 50% Fibonacci retracement level, thus it will be a good sign to buy above 1.2 and sell below 1.1850.
Types of Analysis:
*** Fundamental analysis: The Swissie is also quoted amid the promise to “buy unlimited Euros in order to support this market".
*** Technical analysis: On a daily chart the level of 1.2 coincides with the golden ratio (61.8% of Fibonacci retracement levels) then it indicates for a bullish market.
*** Sentiment analysis: Psychology level is at 1.2000, than one should be patient to keep the trade to end.
*** Money management: Always invest 3% - 7% of the capital (composite) per all trades, always risk (Stop Loss) 1% - 5% of the capital per all trades, and always trade high risk ratio trade at least .
---------- Post added at 09:08 AM ---------- Previous post was at 09:01 AM ----------
USD/CAD Technical Analysis and Trading Recommendations for June 29, 2012.
Overview:
The market will continue showing strength by going to the level 1.0226 (23.6% of Fibonacci retracement levels - H4 chart). Therefore, the USD/CAD pair's resistance was broken and turned into support two weeks ago (on the 21st of June, 2012); the pair has already formed a strong support at the level of 1.0220. So the market indicates a bullish opportunity at level 1.0226 with 1.0300 seen as first objective and continues its movement towards 1.0340 and further to 1.0420. However, if the trend does not manage to break through and close above the level 1.0440, then a downside momentum will begin which is rather convincing. The structure of the downfall looks as non-corrective, for that the market will indicate a bearish opportunity at 1.0440, hence it will be a good sign to sell at this level in order to continue the downward movement towards 1.03.
Trading Recommendations:
According to previous events, the price remains between 1.0380 and 1.0220.
Consider the downside movement below 1.0440 with target seen at the 1.0340 level then 1.03.
BUY deals are recommended higher than the 1.0230 level with targets at levels 1.0340 and 1.0415 // 1.0440.
Observation (s):
*** Please check out the market volatility before investing, as the sight price may have already been reached and scenarios invalidated.
*** Key level at 1.0336 (61.8% of Fibonacci).
*** The pair will probably experience the same at this level.
---------- Post added at 01:07 PM ---------- Previous post was at 09:08 AM ----------
you're welcome
Thank You Sooooooooooo much
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Great, this is a very helpful thread and should not be allowed to go like that. I also use the fibonacci indicator alongside other strategies, which are the pivot points, support and resistance levels. Newbies should learn to identify their pivot points on a daily basis.
---------- Post added at 09:23 PM ---------- Previous post was at 09:07 PM ----------
From my own understanding, naked trading simply depends on price action. You can use the candlestick chart for analysing the market, you can learn about candlestick interpretations for you to learn to interpret candlestick patterns correctly.
Technical analysis is one of the most effective methods that we can use to analyse forex markets and make profits from it. It involves the use of indictors that we have in our mt4 trading terminal.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
technical Analiese is most important for improving any matter with out it any work which is good or any company is not establish properly.so we should noticed on technical tanning .it can started on school college university and other institute and bound to know it others.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
really I can not depend on naked trading alone , sometimes I think that indicators help me to determine the decision for buy or sell , so I hope someone explain what is naked trading in details .Yes, there are so many technical analysis in this forex trading, but I am very like about naked trader technical. This naked trading technical is very helpful for me to gain profit. Since I dont like using any indicators because indicators gives us false signal oftenly... i agree goin buy trading pure prize action...
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
you are right sir, we are going to be easy in studying a system with the right strategy when there is a clear picture of how to read trading system has to offer, and in this case we have to look at the video
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
technical analysis = charts analysis,TA is to look the historical price movement,and most importantly tachnical analysis is the physiology analysis,
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
This analysis is a pattern comparable to some of the steps that we should align with any existing conditions to be better understood with the existing procedures with any conditions that must be aligned with some of the steps that are in accordance with any conditions that exist in our understanding of analysis techniques itself
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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