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9/30
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Hi my Dear Dukascopy friends. Today I am going to show you my new Fibonacci strategy. There are many ways to trade with Fibonacci but, I have new Fibonacci strategy that the best way to gain money on EUR/USD. The Fibonacci was developed by Leonardo Pisano. He developed simple ways that today’s use everyone. But I am going to show you new one. Let’s begin with this Fibonacci Forex strategy. When a market has moved a uptrend we are going to replace 6 or 7 buy stops and when a market has moved a downtrend we are going to replace 6 or 7 sell stops like a picture .
UPTREND

TIME FRAME 4 HOURS
  1. We are going to add 3 Fibonacci retracement levels
  • 11
  • 77
  • 88

1. Then we must catch uptrend position
2. The last we are going to place buy stops
3. Put STOP LOSS 200 PiPS
4. PUT TAKE PROFIT the next Fibonacci retracement levels
DOWNTREND

TIME FRAME 4 HOURS
1. Then we must catch downtrend position
2. The last we are going to place sell stops
3. Put STOP LOSS 200 PiPS
4. PUT TAKE PROFIT the next Fibonacci retracement levels
Please try it in demo account several times. Dear my friends if you have any question about strategy dont hesitate to write my inbox Feel Free
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anvifx avatar
anvifx 26 Jan.

Good job!

Miren avatar
Miren 26 Jan.

Спасибо, можно попробовать

Yuliya_N avatar
Yuliya_N 26 Jan.

good strategy

FE_GMTplus10 avatar

well done!!!

Aviator avatar
Aviator 31 Jan.

very good

orto leave comments
25/59
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Dear Valuable Reader,
Have you ever wondered which currencies receive the most trading action? The data for the following chart comes from a survey done every three years by the Bank of International Settlements (BIS).
Note that trading volume adds up to 200%, because each currency trade has a pairing.
The Chinese Yuan is now the 8th most traded currency in the world, for a total share of 4.0%.
That means its share has doubled since the 2013 BIS report:
But what is bitcoin’s trading volume like, relative to other currencies?
Bitcoin: In the last 30 days, about $3 billion of bitcoin has been traded, which averages out to $100 million per day.

Other Currencies:
The total amount of forex transactions per day is $5.1 trillion. The estimated daily turnover of just the Chinese yuan is $202 billion per day.
That means that the yuan has approximately 2,000x the volume traded of bitcoin, while total forex is 51,000x the size. In other words, bitcoin has a way to go to become one of the world’s most traded currencies.
Almost the traders in the world are trading now EUR/USD , which came in the 1st rank in 2016 for the most traded pair, by which reflects that it is the most volume of money fl…
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Illya avatar
Illya 31 Mar.

Good!

Vlad73 avatar
Vlad73 31 Mar.

good job

FXRabbit avatar
FXRabbit 31 Mar.

Well written!

Verona888 avatar
Verona888 31 Mar.

Useful information!

SikmaN avatar
SikmaN 31 Mar.

Успехов!!!

orto leave comments
41/65
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SOME EURO ZONE PAIRS
EUR/NOK
CHART SCALE: Weekly
INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope
SUPPORT LEVELS : 9.7010
RESISTANCE LEVELS: 8.9001
PAIR ANALYSIS :
The EUR/NOK currency pair pattern is in a slighty bearish trend but it could be possible that it can be dominated by a trendless zone considering the two level price at 8.9001 and 9.7010.
The Linear Regression Slope at -0.003 the parabolic Sar distribution and the MFI seem to support the possibility of a slightly bullish recovery before the bearish tendency . The cyclic analysis could suggests a bearish domination. Also the fundamental analysis can facilitate a possibility of a bearish tendency in consideration of the Def results. A bullish crossing at 9.7010 can validate a bullish monopoly.
FIGURE 1 shows the possible bearish trend with the trendlines
FIGURE 2 indicates the forecasting pattern
CHART SCALE: Weekly
INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope
SUPPORT LEVELS : 9.7010
RESISTANCE LEVELS: 8.9001
PAIR ANALYSIS :
The EUR/NOK currency pair pattern is in a slighty bearish trend but it could be possible that it can be dominated by a trendless zone considering the two le…
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ak10 avatar
ak10 10 Nov.

I liked chart tools

VictoriaVika avatar

foreignexchange Great article, nice written, it is great to have a more useful information for Forex markets. 
Keep up the good work.

TInna avatar
TInna 13 Nov.

Good work

brilliant avatar
brilliant 24 Nov.

nice effort

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30/59
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Today’s session is expected to be uneventful with bank holidays in France, Germany and Switzerland and no significant economic data due until Empire State Manufacturing Index during the NY session. As always on Mondays I prepared the currency update so you can familiarize with the situation in the markets.
Currency Update
USD: NFP for April missed on the headline figure at 160k vs 202k expected. However, Average Hourly Earnings came in as expected at a solid 0.3% rise for the month, which bodes well for the inflation picture and prompted some upside in the USD post release. The Fed’s April 27 statement failed to provide any further clarity on when the Bank may raise rates. There was no indication in the statement that a rate hike is likely in June, with Fed fund futures pricing a less than 20% chance of a hike at that meeting. CPI for March slightly missed estimates with Core dropping to 2.2% y/y from a prior of 2.3% and for the month, missing estimates at 0.1% versus 0.2% expected.
EUR: Flash GDP for Q1 missed expectations at 0.5% q/q versus expectations of 0.6%, and at 1.5% y/y versus expectations of 1.6%. Inflation data for April has pushed the Eurozone back into deflation. CPI …
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Sennna88 avatar
Sennna88 20 May

Was it helpful in the end ?

hrustiashka avatar

Good analysis

s_amira avatar
s_amira 23 May

Interesting article

yaritza2 avatar
yaritza2 24 May

thank you!!!

klintons avatar
klintons 26 May

Good Job

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31/43
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В техническом анализе существует множество паттернов торговли. Одни являются более прибыльными, другие не очень. Зная их и особенности их использования можно значительно повысить профитности вашей торговой системы.
Одним из них является паттерн "рельсы". Данный паттерн относится к разряду свечных. Рассмотрим наиболее классический случай на историческом графике пары EURUSD:
На рисунке видно, что данный паттерн есть не что иное, как две разнонаправленные свечи, причем Close первой находится примерно на уровне Open второй. Рассматриваемый паттерн является классическим медвежьим.
Для того, чтобы правильно войти по данному паттерну необходимо выставить ордер на продажу ниже минимума паттерна. Stop уровень для данного ордера будет точка чуть выше максимума паттерна. Где именно выставить Take Profit? Для ответа на данный вопрос построим для данного паттерна линейку Фибоначчи с точкой 0, соответствующей максимуму и 100%, соответствующей минимуму. Уровень Take Profit будет находиться в районе 161,8 Фибоначчи. Здесь же мы видим четкую отработку уровня 423,6 с последующим отскоком от него.
Также необходимо отметить, что возможен некоторый откат в противоположном направлении(обычно в район сер…
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KATRIN_90 avatar
KATRIN_90 13 Oct.

Спасибо хорошая статья:)

Cremelady avatar
Cremelady 13 Oct.

класс

Polinaria avatar
Polinaria 13 Oct.

хорошие советы!)

currency avatar
currency 20 Oct.

Like

anna_n avatar
anna_n 7 Nov.

хорошо написано

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21/61
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Currency fluctuations in the currency market is essentially caused by the appreciation or depreciation of currencies; at every point in time one currency in the market is either gaining in value (appreciating) or losing in value (depreciation).
The global economic scene is very diverse, with different economic activities and data being processed daily. Economies with strong growth and development tend to have appreciating currencies, while economies not perceived to be doing well tend to have depreciating currencies.
So a currency’s appreciating is directly tied to the state of its economy. When the USD (United States Dollar) is appreciating, what happens to the EURUSD?
The best way to visualize this is to use a scale. If the USD is appreciating over the EUR, it means the USD has more weight or demand than the EUR. So the market will go in the direction of the “heavier” currency.
However, some economies may choose to devalue their currency in order to spur economy growth.
An example is the Japanese yen (JPY), which the Bank of Japan regularly devalues through acts of intervention in the currency markets. By keeping the Japanese yen low, the currency is cheaper and attractive to f…
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SalviLeana avatar

Well done

Margoshka avatar
Margoshka 17 Sep.

good

Airmike avatar
Airmike 21 Sep.

nice article

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7/53
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1.0 Introduction
The agreement with the creditors on the third package of financial assistance worth 86 billion euros has been made in August 2015. Greece has solved part of the problem. On charts we can see EUR strength.I am writing this article in the middle of August month and I see huge space for EUR gain in next weeks.
2.0 Technical analysis

EURUSD showed strong weakness in the end of July. Price went down to1.0845 and weak momentum gave us thoughts about main bearish trend continuation. On Figure 1 we can see August low.
Figure 1: EURUSD daily chart with volume
I am monitor EURUSD volume and price action, but he most important thing is future direction. On daily chart on Figure 2, we can see that EURUSD fight to go above Daily Ichimoku cloud.
Figure 2: Daily chart EURUSD and Ichimoku indicator
On Figure 3, price action already has broken H4 RSI trendline and try to reach 1.12 and than 1.145.

Figure 3: EURUSD H4 char ttime frame and RSI direction
The same thing we can see on H1 EURUSD chart where price is above H1 cloud and we can see daily bullish trend.
Figure 4: EURUSD H1 chart and Ichimoku indicator
A lot of traders weekly trends determine using H4 chart. EURUSD is abo…
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hossainis avatar
hossainis 26 Aug.

Another great article about Greece.

nahimkha avatar
nahimkha 27 Aug.

EUR is strong today. Excellent article.

albertpip avatar
albertpip 27 Aug.

Excellent.

khalidam avatar
khalidam 28 Aug.

Election will change everything is Greece.

albertmakris avatar

Excellent work

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28/58
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INTRODUCTION
As the eurozone economy weakens and the U.S. economy strengthens, the regions’ respective currencies have reacted in an expected manner. This has led to many currency-related problems for U.S.-based companies with large operations in Europe. But will these problems continue? That depends on how the two economies proceed from this point.
Euro weakness
It isn’t just Greece that’s driving down the value of the euro. Quantitative easing is another force currently exerting significant influence on the currency.European Central Bank (ECB) President Mario Draghi announced the program, which is worth up to €1.1 trillion, in January. The subsequent influx of new liquidity in the bond market sent already anemic sovereign debt yields tumbling. The stimulus, implemented in March, has increased the value of euro-denominated bonds so much that many shorter term notes are actually offering negative yields. Switzerland recently auctioned off 10-year treasury notes with a negative yield as well, and even Spain has witnessed some of its near-maturity bonds falling into negative yield territory. This is a far cry from the nation’s 2011 near default.
European investors who aren’t happy w…
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WallStreet6 avatar

Agree, but my forecast was for the end of July, but it's too far away right now. I think we will see parity this year though. The Eurozone economy is showing some improvement, but we'll see if it leads to sustainable growth.

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2/40
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Fx Swap and Forward Market
As we all know, our positions in the FX market are liable to either a credit or a debit at the end of each trading day. Known primarily as Carry, swap or rollover the charge made to the trading account is dependent on interest rates. Before we go further, we need to understand what an FX swap is, It is the buying/selling of a spot currency pair, while simultaneously selling/buying a forward contract of the currency pair of the same value.
The FX swap market is the biggest single market in the world, taking up about 40% of the FX markets, which is by far the largest in the world by asset class
To understand the idea here, we need to know about interest rate parity, while there is a pretty basic formula, the idea is as follows. If one country has a higher interest rate than the other country in the trade, then it is feasible to suggest that I could buy the higher yielding currency by selling the lower yield one and park it in risk free deposits and receive a return, this is the entire concept of the carry trade.
However, to prevent arbitrage, buying a currency pair in the future must discount this.
As we can see above, this is the forward curve for the AUDU…
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Daytrader21 avatar

Thanks again for reinforcing some basic concept that I almost forgot. Your article are always very informative. keep up the good work

Airmike avatar
Airmike 21 Mar.

very nice article. best of the bests :)

mimuspolyglottos avatar

Another financial HAIKU from Adrian. Short, deep, impressive. Thank You very much. Why are British so good in teaching high finance but are not good in teaching football? :(    I do not know about today but thirty-twenty years ago some theories  have considered  the forward rate as the best  forecaster of currency's rate in the  future. May I consider my portfolio of currencies with positive swap points and with future rate hike expectations on more than half of them as ALPHA trade ( trying to create some analogue to stocks)? Best Regards.

AdrianWS avatar
AdrianWS 24 Mar.

Hehe Mimus - thanks for the kind words. Interesting you mention that last point... Normally people consider FX markets Zero-sum, and while the transactions are. Every trade (as highlighted above is exposed to interest rates) as such, they are receiving cash flow, so over time FX strategies (such as G10 carry trades) have outperformed a 0% return for all parties, which is an odd thing to think about but its true! However most don't consider generating alpha as an FX tactic, but its perfectly valid imo and works percectly.P.s. Have you not seen Southamptons academy? really good at training.

Maria_r avatar
Maria_r 26 Mar.

large information flow

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16/46
Ranking
This is a follow up on last month’s article “Elliot Wave on EUR/AUD”. I think that it is wise to read them both in order to understand this month’s article better. The idea behind this article is to show how more than one tool or indicator can play together, and give one more confidence before reaching a conclusion, about the markets. Later in this article there will be examples of, ways to combine “Elliott wave” and “Japanese Candlesticks”. This article will not go in details with “Japanese candle sticks” or “Elliott Wave”, and this is because there are tons of free materials out there if you wish to study about these subjects. This article is mostly about combining a few tools to get a better analysis. In This case “Elliot Wave” and “Japanese Candlesticks”.On the monthly chart below is a “Dark cloud cover”, at the highlighted blue area. Since this pattern appeared at a support level from back in late April, it might be considerable to cover longs for a bit at least. Notice also that the move from back in May started with a “Piercing Line” pattern which is the direct opposite of a “Dark cloud cover” pattern (Look at the illustrations at the end of this article).Below is a weekly c…
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Delossan avatar
Delossan 5 Apr.

Thank you Efegen! Yes, I usually, with other indicators and tools as Japanese Candels, MACD and William% R.

khalidamassi avatar

"I don’t believe that any theory or indicator is 100% right when it comes to trading in real life. I think that combining a few tools gives better results at the end of the day" that's great

This conclusion is very important and needs years of experience to understand , thank you Delossan , I am very supportive for you +++

drishti avatar
drishti 8 Apr.

Candlestick patterns are really good , and I found effective with great risk and reward ratio trade. Nice article. +1

scramble avatar
scramble 24 Apr.

i'm for the candlestick patterns, but in large time frames h4 and above! nice article!

SpecialFX avatar
SpecialFX 29 Apr.

I've never really gotten into Elliott Waves, but for some people they seem to work very well :)however, the lesson of this article is to use and combine trading tools that improve our odds of being profitable :)

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18/40
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ELLIOTT WAVE PERSPECTIVE EUR / AUD were moving in a bullish direction since mid-July 2012 and up until early February 2013. There is reason to be concerned because the area around 1.3190 seems to contain resistance, which recently put an end to the bullish trend. Where many indicators can be Incorrect, Elliott Wave offers a solution as I will demonstrate in this article. This article is not one of the longest of its kind but will include important aspects of Elliott Wave. Below is a three-day candle chart of the EUR / AUD with an analysis that follows. It is always important to take a look at the bigger picture before deciding which direction you want to place your positions, and this is true whether one uses Elliott Wave or not.As one can see above there was a nice five wave down move which ended near the area of 1.1600 and confirmed a bottom. None of the rules were broken as we had at least one extension and wave 4 did not overlap wave 2. After that the price interestingly reached all the way up to the region of 1.3190. The move from 1.1600 to 1.3190 did form a so called “zigzag pattern” which also is known as a simple correction. This move is also what is shown as wave 2 (white)…
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alifari avatar
alifari 28 Mar.

I do observe wave structure in my trading, so this was helpful +1

SpecialFX avatar
SpecialFX 29 Mar.

I'm with Efegen, I never quite understood EW, and in the few times I tried to use it (years ago) I made a complete mess :)) However, I know people who use EW very successfully, so I guess the problem is me. Good article!

drishti avatar
drishti 29 Mar.

Agree with SpecialFX, know basic principle but never able to find a pattern using wave analysis. But overall good article.

khalidamassi avatar

i like Elliot and like the work you have done ... thank you

Delossan avatar
Delossan 30 Mar.

Thaks for all comments. I hope that this will be a good help for everyone who wants to learn EWP.

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7/30
Ranking
The pair EUR/USD is one of the most popular inside the foreign exchange market known as FOREX, (Foreign Exchange). It is one of the most volatile, which grants a potential high place to him of generating high benefits in the short term associated with a level of considerable risk. A pip is the smallest amount of movement a price quote can make. For example,when EUR/USD moves from 1.2815 to 1.2814, it has moved by one pip. It is very important to know the behavior of the coins to be able to project the maximum acceptable losses " Stop Loss ", which together with a good money management will allow to execute profitable tradings. Basically it is reduce the risk, and you increase the odds the trades successful. Always have a trading plan. Let’s take a look the charts. Here information about price action EUR/USD currency pair. The data is: Bid/Close Price. Interval: 60 minutes.Pair: EURUSD.Here we can see the behavior of the pair EUR/USD throughout two weeks, in which the market offered us the opportunity to make concrete operations of purchase with benefits that courted the 100 pips as well as also operations of sale with benefits beyond 170 pips. There is posibilities of gaining …
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fxigor avatar
fxigor 20 Nov.

Hi, I have question: What is the differences if I use daily Average True range as daily pips movement range for intraday trading?

slopezve avatar
slopezve 21 Nov.

Hi fxigor.
True Range value equals the High minus the Low.
Typically, the Average True Range (ATR) is based on 14 periods, is the average of the daily True Range values for the last 14 days.

Pips movement range presents the maximum range of the price movement on the horizon of a week. Not always equals the High-Low of the week or the average of the highs-lows. See graphics.

doctortyby avatar
doctortyby 25 Nov.

I still don't understand what is the difference between the ATR indicator with setting of 100, 200 or maximum period and the Pips movement range. You can use the weekly chart ATR for the weekly TF?? Just the fact that you can see the range upside and the range downside, from the 0 starting point?? TO establish to possible TP and SL?? Thanks

slopezve avatar
slopezve 25 Nov.

Hi doctortyby

The ATR is the largest of the:
- Most recent period's high minus the most recent period's low
- Absolute value of the most recent period's high minus the previous close
- Absolute value of the most recent period's low minus the previous close

PMR presents the maximum distance in pips between of the highs-lows of the price movement in a week. See graphics.

Example
EUR/USD maximun movement, 179 pips down.
Indicates that at some point in the week there was a fall (maximum) in the price of 179 pips.

someday777777 avatar

Hin but how can you deduct the number of pips  in movement  , from arange chart , as you see it's  0.1....0.3... and so on??

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11/35
Ranking
Why Am I Here One of the most common advices you can find in “how-to-trade“ books/lectures/articles for begginers is “do not copy others‘ actions“ and “only follow your own strategy“. I would like to challenge this point of view. In addition, I will try to show you how herding may help you to avoid losses and even gain profits. Few Explanations Lets get over some things from the beginning. Even though primarily dedicated to FX spot traders, information in this paper may be used by any traders, who trade any financial instrument. At no point of this paper I will intend to suggest that mimicking others blindly is rational and profitable in the long run. Nor I will try to challenge the idea that one must follow his own strategy. What I will try to do is to show that with sufficient knowledge and understanding, following others may be profitable. You may ask how does this work: follow your own strategy, but also follow other traders. It is not that hard to tackle. You have to have your own money and risk management rules (two most important nuances in trading). You have to have rules for entry and exit. You have to know how to manage your trades at any point in time. All of these ar…
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SpecialFX avatar
SpecialFX 11 Sep.

The argument against "herding" is mostly used to prevent traders from entering at the end of a trend, when it is about to reverse. And it makes sense. because If you are about to do something that most traders have already done, it surely will not be profitable. But if you follow the market at the beginning of a trend, when most traders are still out of it, then the odds are in your favor. Following trends is a very good strategy, as long as traders do it well :)

alifari avatar
alifari 24 Sep.

nice read

captain avatar
captain 25 Sep.

An interesting point of view.

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14/67
Ranking
Overview:The past few weeks have seen a total and utter capitulation across the financial markets, the recent elections from France and Greece has lead to the "risk-off" environment that is evidentially being seen. The USD and JPY have been well bid over the past few weeks as investors seek safe haven's where their money will be relatively safe.For example US 10 Yr Government Bonds have risen in price dramatically, and a cause of this has seen the yield fall from well over 2% to 1.72% (at time of composition). Alongside this the VIX - The measure of volatility and predicted Rate of Change of the S&P500 on an annualized basis has risen dramatically.Overall the past few weeks have been very interesting and have provided much opportunity to trade effectively across the asset classes. EUR:Seen worldwide as one of the most liquid, highest volume securities, the EUR has come under tremendous pressure against the USD and JPY. The fall started with a "gap" down after Hollande was elected as president of France sparking fears of political discord between Merkel and Hollande. This fall was exacerbated by increasing fears from Greece.On a technical basis, It seems that a short cover rally is …
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AdrianWS avatar
AdrianWS 18 May

For any Technical traders out there - EURJPY is forming a huge Inverse Weekly H&S formation, Potential target of 1.25 on break of 1.10 - This isn't necessarily a bullish EUR idea just Bearish JPY trade - JPY is way overvalued and Japan are hurting bad and want to do something about it - Most people look at USDJPY but export volume is greater to Eurozone and that may be what BoJ is looking at. Trade well.

RobertBric avatar

The problem with EUR is that everyone expects it to drop based on fundamentals. As not everyone can be short EURUSD, the pair will soon “surprise” everyone (but not the commercial traders) and will go up. The crowd is always wrong at reversals when commercial traders benefit as they have been setting up the trap all along. Of course, only time will tell who is right. It is always a 50:50 proposition (up/down) and 100% correct in hindsight :-) All the very best with your EURUSD trading.

alifari avatar
alifari 19 May

nice overview of multiple markets

AdrianWS avatar
AdrianWS 19 May

Thanks - Robert, I agree entirely, we need a move upwards just to reassert the bearishness, as people already short can't get more short so they need to close those trades out and then re short to gain momentum on their bearish trades. Either way, I'm staying away from the EUR at the moment as if a "grexit" comes about I really couldn't tell you what happens to the EUR, some think down hard, some think up. Who knows. Either way the next few weeks should be interesting.

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17/67
Ranking
Evry Trader have his own strategy but when we trade to make it automatic we found many many unwanted trades.so we continue to try to filter those trades to make the perfect algorythme for our strategy.in this article i'll give you some idea to filter your trades and make the market trade for you.-Goals:         *evry trader have his goal and nowadays we talk just about pips goal so stops take profit and stop loss.so the systeme is:                         +find the best point                         +choose the amount of the trade(lots)                         +open the order(with stp)but  they we trade money with money that meen it's all about money so my idea is to trade with the base of your equity.i will give you some algo to help you.A-find the best point:                +everyone have his own base of indicator and system to find the point to open the tradewe will see my strategy and the algo              ++   The "Opening Point of the Position" slot shows the price, at which the strategy
enters the market and adds/removes from an open position. We enter the market at
a price level determined by an indicator value or by time ("Bar Opening" for
example). However, before we open…
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