Forex Day Trading System - The EUR strength against USD in past few days

Forex Day Trading System - The EUR strength against USD in past few daysThe major talking points in past few days has been the breaking of 1.3000 level ofEUR/USD..The USD has shown significant weakness across the board..However, now the currency is retracing, thanks to some pro $$ fundamental announcements such as "Phily Fed" speech, pro NFP (Non Farm Payroll) news..However, the experts are

Forex day Trading system - Another simple trading startegy

Forex day trading system - Trading using EMA and bollinger bandsMany a times when you are trading you,ll observe that market keeps moving in tight range..The candles on 5 min chart become smaller and smaller..If you draw bollinger bands on the chart, they will become tighter and tighter..This generally happens between 6 PM EST to 12 PM EST as the volatility is very low..One can take advantage

Forex day Trading System - Observation from previous trade

Forex day Trading System - Continuation of previous message..In the last post I mentioned that how did I lost in a trade because of fundamental announcement. The announcement broke at 8:30 AM EST and I made the trade at 8:15 EST. The fundamental announcement moved against me and the trade hit stop loss in 5 min..Now, further to that trade I observed that the currency pair of EUR/USD kept falling