USD Index Carving Top In May, AUD Eyes November Lows
The greenback continued to gain ground ahead of the G8 Summit, with the Dow Jones-FXCM U.S. Dollar Index climbing to a fresh yearly high of 10,154, and the reserve currency should appreciate further as we don’t expect to see any major developments over the weekend.
Guest Commentary: Gold & Silver Daily Outlook 05.18.2012
Gold and silver took a sharp turn and sharply rose yesterday. Gold recorded the sharpest single day gain this year (UTD).
Euro Tests For Support Ahead Of G8 Summit, Sterling To Lag Behind
Market sentiment firmed up ahead of the G8 meeting as the EU talked down the risk for a Greek exit, and the rebound in risk-taking behavior may gather pace in the days ahead as European policy makers increased their pledged to bolster the euro-area.
EURUSD Master--- Live Trading
Only trade on EURUSD,
Regards,
Simple Trend Trade
For this example I am using Aud/USD because it is clearly in a down trend.
1 hour time frame. 200 sma for visual reference, if price is below the 200 sma we are trending down. Stochastic 30, 10, 10. Above 80 on the Stoch is overbought, below 20 is oversold. On MT4 I had to superimpose the 80/20 lines.
In a downtrend, we wait for the Stoch to become overbought. We enter on a nice solid bearish candle. Not a Doji, Not a Morning Star or a Ringo Star.
Stupid Question
How much volume come into the forex market when it moves to one tick - e.g. Let's talk about Euro/USD - If the price of euro moves to 1.2910 to 1.2911 - How much volume of buying has came into the market to move it to one tick.
Is there any specific mechanism for that ?
Mirror Trader Webinar with Ophir Schultz Wednesday May 16, 2012 1:00 PM
We are pleased to announce a special Mirror Trader Webinar. Bill Lawless, FXDD’s Head of Sales and Shawn Powell, from FXDD Business Development will host Tradency’s Global Business Manager, Ophir Schultz, Wednesday May 16, 2012 1:00 PM. This online class will feature training information on the new FXDD Mirror Trader MT4 plug in for automated trading. You will have the opportunty to ask the three trainers questions live during the class. Also if you register for the class, you will get the recording emailed to you after the class ends. Here is the link to register https://www1.gotomeeting.com/register/231357096
Special FXDD Masters Live Webinar today at 4:00 PM Greg, James and Shawn
Special FXDD Masters Live Webinar today at 4:00 PM with Greg Michalowski, James Chen and Shawn – Register now. FXDD’s Chief Currency Analyst Greg Michalowski, FXDD’s Director of Technical Research and FXDD’s Shawn Powell, Business Development Director will host a special Masters Live Intro webinar. Its free to attend and will feature details on the upcoming event and some great interview questions.
https://www1.gotomeeting.com/register/755275176
Next Masters Live event in Houston Texas May 11-12th 2012
FXDD FOREX MASTERS LIVE EVENT http://www.fxddmasterslive.com
Join us at FXDD Masters Live Two day event.
Friday, May 11th 2012 7:30pm-9:00pm – FXDD will host a welcome to Masters Live Preview Event with speakers James Chen, Greg Michalowski, Shawn Powell, Robert McKeon, Tom O’Reilly and Anh Nguyen. The Preview will be held in the same hotel as the Saturday event from 7:30pm-9:00pm. The event will showcase the simplicity of trading with FXDD, how to open a trading account, basics of Forex, highlighting what will be taught by James Chen and Greg Michalowski on Saturday and will also feature a special promotion for new traders.
