www.forexstrategysecrets.com. Forex Tip do not set your stop loss by a set number of pips, or at a pivot point, or a Fibonacci line. Set your stops where the Forex market tells you to set them. This forex tip has helped me improve my trading tremendously. There is no such thing as a Forex autopilot mode.
Forex Technical Update 6/4/2010: forex trading, EUR/JPY, GBP/JPY, AUD/JPY, CAD/JPY, USD/JPY, technical analysis Fan Yang CTA www.fxtimes.com It’s Friday, and as always I will take a look at the Japanese yen crosses. The yen has been losing in past couple of weeks, but this was correction to the trend of Yen-strength, which is boosted by risk aversion. This week ended with the yen taking back some of those losses. The question is whether this is a true sign of continuation, or just another move within it, chopping up traders attempting to jump on a trend.
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Full currency correlation for most of the US Session today. This allowed for several great trades using candlestick patterns, stochastic divergence, pivot points and fibonacci studies. LIVE FOREX TRAINING | EVERYDAY! www.fxbootcamp.com
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Today started slow and ended fast. Most traders waited, waited and waited for price to show direction. The New York open didn’t do it, the US News didn’t do it, and the London close didn’t do it… but it DID break! Learn how to use Fibs and Pivots to predict direction and profit target. Today was also a great example of a Triangle Breakout trade strategy. Live FOREX Training | Everyday! www.fxbootcamp.com
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