Forex Assassin Review - I made few trades

I bought Forex Assassin system yesterday since It was recommended to me by a forex expert who I know is very reputed. Along with that what made me curious was the claim that this system will require only few min per week to identify and placing a forex trade.So yesterday I bought it & started going through it to understand strategy. I was also looking at which currency pair does it works for. I

Forex Day Trading System - Where will the anti USD rally End?

Forex Day Trading System - Where will the anti USD rally End?USD is taking some serious pounding from all the majors where EUR, GBP, JPY and CHF are prominent.Though this is good for export and helps to get more foreign exchange, in a way it will keep inflation high.Now, the biggest question that comes is how can you take advantage of this rally? To make some gains in this rally, what you have to

Forex Day Trading - Pounding by USD

Forex Day Trading - Pounding by USD on all the currency pairsDid you notice what happenned to forex market in last 4-5 days? Yes..The big USD has hit back on all the currencies..No exceptions (There is one - JPY).EUR/USD dropped by 350 pints, GBP/USD dropped by 450 and so on and so forth. This was an excellent opportunity to make some great forex pips. I placed trade on EUR/USD and made 155 pips.

NFP today impacted the EUR/USD

NFP today impacted the EUR/USDToday Non Farm Payroll were announced. As always it caused some ripples in the market and that set the market in motion. EUR/USD especially broke out of the range which it was in for last 2 days.If you llok at today's NFP announcement, it led to a partial bullish candle on 1 hr chart. After the candle closed at 9 AM EST, the next candle closed outside the highest of

Forex Day Trading system - Major top in the EUR/USD

Forex Day Trading system - Major top in the EUR/USDI am watching this currency pair for past 2 days..I am finding that a major top is in place..Thats why even if my trading system is saying that go long, I am not. If you notice, the current level of EUR/USD is offerring a major resistance. The pair has been rejected multiple times from that level..I'll do either of the below two -1. Go long only

EUR/USD still looking bearish - More pounding to come from $$

EUR/USD still looking bearish - More pounding to come from $$The EUR/USD has just now broken a trend support line on daily chart. The ideal way to trade now will be to use your forex trading systems of fibonacci retracements. Identify the next target the USD can go to on the daily chart and then identify the entry and exit points on the 1 hr chart if you do currency swing trading, or 15 min chart

A landmark post - USD in massive gains

A landmark post - USD in massive gains There are 2 points I am trying to cover in this message. The 1st is personnal .. Here it is -This is the 100 th post on this forex trading blog.. Yes, the overall count has reached triple digits. It started as a small journey with a quick introduction. Now it is a blog where people come regularly to get updates about happenning in Forex market from an angle

This Forex Trading Blog!!

This Forex Trading Blog!!Hello Everyone..It is a great feeling to tell you that your favourite blog has completed one year of running on 13-May-07.Yes, on 13-May-06 I launched this blog and it took 7 days for the 1st visitor to visit this site. Today there are close to 200 visitors that come to this site on daily basis to learn more or share there experience about forex trading. More than 175

Forex Trading - Something Exciting in May 2007

Forex Trading - Something Exciting in May 2007There is something exciting in May 2007.. I am happy to tell you about it.What is it? You will come to know very soon..Can you guess it? If yes, feel free to drop your comments..A new week has started..Now also the forex trading market temporarily is looking USD bullish..The EUR/USD currency pair looks to be at the major resistance level.. If it

Major currency pairs are showing the reversal pattern

Major currency pairs are showing the reversal pattern -GBP/USD, EUR/USD, AUD/USD, USD/CHF, NZD/USD all are showing major reversal patterns after an extended run...The GBP/USD after this extensive run where it broke above 2.0000 barrier is now heading down.. Considering that its a great time to go short or pro USD.Use a forex trading system and identify an entry bpoint to go short.. There are

Forex Trading at its best when technical indicators work like they should

Forex Trading at its best when technical indicators work like they should -A trader of currency market gets a lot of pleasure when the technical indicator s/he has analysed works the way analysis said. So, when someone feels that the currency pair should bounce of a fibonacci level or should bounce from EMA, and if that happens, its terrific.The same happenned with AUD/USD. My analsis of this

Forex Day Trading system : Hitting of stop loss on my last trade

Forex Day Trading system : Hitting of stop loss on my last tradeToday the EUR/USD market unexpectedly turned. Euro became stronger and the currency pair jumped about 100 pips in a span of 2 hours..As expected, it would have taken out the stops of all the forex traders that were short.That included me as well. My trade was short and was up 67 pips. My stop loss as 40 pips away. Since my stop loss

Forex Day Trading System : Another opportunity to trade EUR/USD

Forex Day Trading System : Another opportunity to trade EUR/USDI mentioned that my previous trade on this currency pair had me a profit of 53 pips..That was when I went long..After my trailing stop loss was hit, when I looked at the currency pair again on a daily chart, I found that the currency pair has hit a massive resistance..A kind of double top and the currency pair has started retracing..

Forex Day Trading system - Quick chances of market reversel for EUR/USD

Forex Day Trading system - EUR/USD at important resistance areaThis currency pair is at a very high point as per the daily charts..So, it is at a very strong resistance area. If it breaks that, then the trading charts will show the forex market zoom.If the market is high on daily charts, one still has the chance to do forex day trading by being bullish since in that case you are looking for a

Forex Day Trading System - USD booms

Forex Day Trading System - USD booms!!Anyone who is watching the currency trading charts must have realized that the USD is bullish the big time..And its bullish across the board with EUR, GBP, CHF, AUD, NZD everyone stumbling against Greenback retaliation..Except JPY!! Yes, Yen is giving bigtime pounding to the $$..Thats because the JPY is too much driven by the fundamentals..Thats the primary

Forex day trading System - Catch a trend and ride on it

Forex day trading System - Catch a trend and ride on itOff late you must have seen that EUR/USD is in tight range bound condition. When that happens and if you are more of a trend trader, then its not an ideal forex trading market for you.Then should you stop trading? Or should you adapt to a differnt time zone?? You can do both.You can stop trading till market is ready to explode or you can

Forex Day Trading System - Some reliable technical charting techniques

Forex Day Trading System - Some reliable technical charting techniquesOn Friday, I placed a trade on EUR/USD using one of the very reliable techniques - The double top. This technique is dependent on resistance lines..So if the currency price is bouncing of a particular level again and again, it initiates a formation of a charting pattern called Double Top or Triple top if forex price bounced of

Forex Day Trading system - An exciting trading setup

Forex Day Trading system - An exciting trading setupIn my last message I mentioned that the Major currency pairs were about to go $$ bulish on which one of the readers asked as to go long or short. To go long and short depends on the currency pair you are dealing with. If you are dealing on GBP/USD then go short or if you are dealing on USD/CHF, then go long.The rationale behind this forex trade