This is my Weekly forecast of what might be expected in the market and trade the currency pairs accordingly on what the past data show and where the market was and where the market most likely is going. It is paramount to remember that this data is filled in on a daily basis at the end of day price 10pm everyday. The data will chance day to day so will the RTG, S1S1 and R1R2.The Fig.1 is last weeks end of day (Mon - Fri 10pm) data and Fig. 2 just shows which direction the trend is going to be, based on the data plus calculated from the chart. In Fig.3 & Fig. 4 these are the most likely Support and Resistance for Monday 14 jan 2013 all day calculated from the past data. Essentially we can draw in the S1S2 and R1R2 plus we can draw in the RTG (room to go) from Fig.1 which is 50 and 75 pips deducted and adding from the closing day price 10pm. Once your entry points are setup simply have to wait till it is triggered - otherwise close it again at 10pm end of day and start again. This works …

Overall good article for scalp trading - personally i am not a scalp trader more conservative - waiting for DAX & DOW to Breakout to prior highs or lows before trading.

The vehicle you choose to trade for intra day trading depends on your execution platform, your commission structure, trading rules and your objectives. Most Professional Traders will choose to trade a very volatile and liquid market, that’s why more and more of the Stock Jockeys move over to the Forex Market.Let start and jump into the deep end. Below I have two Charts of the recent EURUSD that opened with a gap a couple of weeks ago.  Fig 1 Show the trend we are in and give and indication which direction to trade in. Note: I do not use the 1hr chart to plot my trading strategy – merely to find the direction of the trend. Fig 2 We use the 15min chart to find the divergence of the gap. However the 1hr and 4hr charts can be used as well – but since we are trading a gap for a short period - and maximum profit, best to stick to the 15min charts for the analysis and the entry points. On the other hand the 30 min or 1hr chart are used to find the exit points – in this case we will …

Part 1I have realised that most traders trade without having a set of rules to follow when trading the market. The amount of traders making money is only 10% and traders loosing money is 90%. Reason for that is a lack of knowledge and education and most importantly no rules and no Risk Management or EquityManagement.This is the First Part of a series of articles that i will post to help traders to execute winning trades. What traders need to take in consideration is that losers are paying the winners. By following these rules, the same ones that i use to this day will help you to improve your trading up to 80% just following the rules and not break them or bend them. I set up these rules because i am a very aggressive trader - and those who are as well it works very well. If you are a passive traders, it doesn't matter the rules apply for anyone, aggressive or passive.21 GOLDEN TRADING RULES   1.    Treat Trading as a Business!!!   2.    DO NOT Trade With - Fear, …

That Sense in not a sense - it does exist in the market - Jared Martinez discovered it but does not cover it in depth - i did an extensive study of it and back logs and it does work just have to find it and the market will continue to bounce on those points and breakout after retracing. Like all of you i don't use indicators they are utter rubbish only good for sideway markets - rsi i might look at when the market does not move - otherwise i have my own inventions....no robots they are utter crap!!!

Weekly Trade Finder   As seen last week we started the week on a low note and end with some good volatility. As expected the USD did very well, with increasing volatility, and will continue its trend till Tuesday when it reaches the 79% retracement of the uptrend.   This week seems somewhat on the down side, as there are very little news events this week that will rock the green back. On the other hand very high volatility in the EUR is expected as Greece might exit the euro and Moody’s down graded the Italian and Spanish banks driving their 10 yr bond yields above 6%. Europe is falling deeper into dept and it inability to contain the crisis will drive the EUR lower.   In short the USD is still king – buy USD till Tuesday then start to look for volatility in the market by midweek in

Trading Summary: The markets 3 week love affair with the Pound appears to have run its course. As simple as traders forget about news after awhile. Canada employment blew away the forecasts to the upside and USDCAD dropped 50 points in a minute. DOW declined after European close, bringing the USD higher by days end.Looks like another low volatility day. The short term (2 week) most recent uptrend in the USD looks very strong going into Monday. Would probably be best to buy the USD and kick back. If you do wait for the London opening or later, may be best to focus on USD buy trades. Once again the EB and Swing are not stand alone do-able due to very low volatility.The Hong Kong stock index had its worse in weeks in which it shed between 3-5% of its value. Selling off on Monday after the big gap on the bullish uptrend, gives an indication to a stronger USD for this week, strengthening this - the mai

No surprises this weekend from the G-20 meeting or the European elections. The key currency pairs are little changed from Fridays close (as of 11pm BST). The Pound did just OK on Friday, which is an indication that no special bullish bias should be in place for Monday (more of a trade what you see without bias, like it was before last Thursday and Friday). So business as usual, wait for London, possibly wait for DAX. Take those profits when you can.GBP should continue to outperform after Posen's comments on Friday, essentially more worried about inflation than the economyAUD CPI quarterly is important this quarter because the Australian Central Bank indicated they would lower interest rates if the CPI numbers were moderate. Therefore an as expected number would indicate a rate cut but is already priced into the AUDUSD price. A number of 0.9 or more would indicate AUDUSD

thanx ma'te ;-D