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USD/JPY Outlook With Stimulus and Intervention Risk Still in Focus

The USD/JPY is trading above the 100 level as a quiet economic calendar puts focus on the many fundamental themes already in play for the pair

USD/CNH Technical Analysis: Pair Pointing Higher After Break

The USD/CNH broke above the 6.6500 level after finding support around the July lows, and focus might turn to 6.7 next

Outside Bar - VertexFX

Outside Bar is a Client Side VTL Indicator to mark outside bars on chart. The indicator plots two arrows above and below the outside bar. Outside bar is bar that has a higher high and lower low than the preceding bar. It is a short-term expansion in price range or volatility. Outside bars form at the end of a trend and on breakout moves from consolidation in a trending period. Trader must use a discretionary approach in picking the outside bar setups for trading. In a trading range outside bars breakouts may be false signals.

Inside Bars - VertexFX

Inside Bar is a Client Side VTL indicator to identify Inside Bars in chart and marks the them on chart by a down arrow above the Inside Bar and an up arrow below the Inside Bar. The inside bar is a two candle price action setup. The Inside Bar is defined as a candle whose high is less than the high of prior bar and low is greater than the prior bar. It is a bar that is completely contained within the range of the preceding bar, also known as the “mother bar”. An inside bar formed on a Daily chart will sometimes look like a triangle pattern on lower timeframes such as one-hour chart. An inside bar indicates a time of indecision or consolidation.

Pinbar Detector - VertexFX VTL Script

Pinbar Detector is a client side VTL indicator to detect Pinbars and marks them by placing up arrow below bullish Pinbar and down arrow above bearish Pinbar. The Pinbar formation is a price action reversal pattern that shows that a certain level or price point in the market was rejected. The Pinbar is a bar with a long upper or lower “tail” and a much smaller “body”. The image below shows the Pinbar anatomy for Bullish and Bearish Pinbars.

Bobbys Corner-Open Market-Oct.10.2012

Good Morning:

A fairly lackluster overnight session-with the majors showing no real activity.

Fitch Ratings commented that the US fiscal cliff, EU crisis, and a potential “hard landing” for the Chinese economy will be
a risk to the global economy.  Thanks-I think we knew 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

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