Mastering Risk in Forex
Hosted by: Tony Beckwith
Date: Thu, Aug 6, 2009, 15:00 GMT
Tony Beckwith of risk control trading software specialist MTP redictor shows how you can control the two main types of risk in trading – probability risk and money risk – to come out ahead.
The EUR gained again yesterday exploding above the 1.4350 resistance level from a couple months ago. A retest of this level as well as 1.4300 is highly likely over the next week, but we will need to see how much steam is left on the upside.
A push above 1.4450 would signal another swing higher and a target of 1.4600.
Minor support is expected at 1.4320 and 1.4260. Further support is just above 1.4200. 1.4300 is important, and should also be watched, as a sizable penetration back below indicates that the breakout higher was potentially false.
Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. __________________
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Mastering Risk in Forex
Hosted by: Tony Beckwith
Date: Thu, Aug 6, 2009, 15:00 GMT
Tony Beckwith of risk control trading software specialist MTP redictor shows how you can control the two main types of risk in trading – probability risk and money risk – to come out ahead.
while the trend is still up over the last few weeks, the pair did temporarily break through its supporting trend line. There are also some chart patterns developing which point to some crucial levels to watch.
94.50 is right on two upward sloping trendlines currently (this number will rise over time as the line is upward sloping) and a break below would indicate a swing down and a larger correction. Intermediate support is at 94.00.
On the other hand if 94.50 is not breached and the pair pushes above 95.50 this would indicate a swing higher. Initial target is 96.00, but there is some resistance from 95.80-96.90.
Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
__________________
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Mastering Risk in Forex
Hosted by: Tony Beckwith
Date: Thu, Aug 6, 2009, 15:00 GMT
Tony Beckwith of risk control trading software specialist MTP redictor shows how you can control the two main types of risk in trading – probability risk and money risk – to come out ahead.
The pair is consolidating in a series of triangle formations on the hourly charts. A break above 95.50 would signal a move to retest recent swing highs between 95.80-95.90. Targets beyond are 96.20 and ultimately 96.50 if the prior levels are surpassed.
A break below 94.70 gives early indication of weakness but will be confirmed by a pull below 94.55. The target is ultimately 93.80 but the 94.40 and 94.00 levels need to watched as there is support at these levels which could stifle the full move.
More ranging is also a possibility as the market generates energy in a narrowing field within the chart formation.
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USD/CAD- One More Wave
There are certain patterns which point to at least one more wave down. This wave will not be too severe - likely targeting 1.0600. Before this can occur resistance must be broken, just below the recent swing low, at 1.0625.
A break below 1.0600 would target 1.0500-1.0480.
A move back above 1.0800 would negate the swing down at least temporarily and indicate a swing higher. Initial targets would be 1.0860 and 1.0900-1.0920.
Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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The 1-2-3 chart pattern
Hosted by: Sunil Mangwani
Date: Fri, Aug 14, 2009, 13:00
A chart pattern is a distinct price formation that creates a trading signal, or a sign of anticipated price movements. Chartists use these patterns to identify current trends and reversals and to set buy and sell signals.
Among the different chart patterns, the 123 pattern is a considered to be an effective and successful pattern.
When the 123 pattern occurs at the end of a trend, it is a strong indication of a change in trend. Since price always moves in waves, this pattern can also be found within a trend and within a trading range.
But one must understand the advantages and drawbacks for any trading technique.
Implementing the technique in the live markets is the crucial part and one must have a trading plan defining the precise entry, stop and exit levels.
Learn how to identify this pattern and set the precise trading parameters of entry, exit and stop levels.
Charts are setting up for a continuation of Friday's fall. A drop below 1.4145 will confirm. First target is 1.4100 (also support). Further support is lower at 1.4180-1.4160, and a target beyond at 1.4000.
A move back above 1.4260 indicates upward strength and further erosion of Friday's fall. Resistance beyond is 1.4340 and 1.4380.
A drop below 96.85 will signal further declines. First target is 96.40, followed by 96.10-96.00. Support beyond is 95.80.
A rise above 97.80 indicates another swing higher. Targets are 98.10 and 98.45-98.55.
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Forex TradingAnalysis by: ForexPros.com - Written by Cory Mitchell
Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
__________________ Forexpros.com - Bringing you live news, analysis advanced charts and quotes.
Check out our new and improvedTechnical StudiesSection.
A chart pattern is a distinct price formation that creates a trading signal, or a sign of anticipated price movements. Chartists use these patterns to identify current trends and reversals and to set buy and sell signals.
Among the different chart patterns, the 123 pattern is a considered to be an effective and successful pattern.
When the 123 pattern occurs at the end of a trend, it is a strong indication of a change in trend. Since price always moves in waves, this pattern can also be found within a trend and within a trading range.
But one must understand the advantages and drawbacks for any trading technique.
Implementing the technique in the live markets is the crucial part and one must have a trading plan defining the precise entry, stop and exit levels.
Learn how to identify this pattern and set the precise trading parameters of entry, exit and stop levels.
The pair is continuing to fall in early trading today after a strong up move on Friday.
Support is likely around the 50% retracement level of Friday's move at 96.40. 96.00 and 95.80 are support levels beyond.
Resistance on the upside is likely to be seen by 97.20, 97.50 and 97.80. A break above 97.80 is not highly likely today, but indicates another swing higher over the next couple days.
Forex tradinganalysis by Forexpros.com - Written by Corey Mitchell
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Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
Join our free webinar - The 1-2-3 chart pattern
Hosted by: Sunil Mangwani
Date: Fri, Aug 14, 2009, 13:00
A chart pattern is a distinct price formation that creates a trading signal, or a sign of anticipated price movements. Chartists use these patterns to identify current trends and reversals and to set buy and sell signals.
Among the different chart patterns, the 123 pattern is a considered to be an effective and successful pattern.
When the 123 pattern occurs at the end of a trend, it is a strong indication of a change in trend. Since price always moves in waves, this pattern can also be found within a trend and within a trading range.
But one must understand the advantages and drawbacks for any trading technique.
Implementing the technique in the live markets is the crucial part and one must have a trading plan defining the precise entry, stop and exit levels.
Learn how to identify this pattern and set the precise trading parameters of entry, exit and stop levels.
A rather tight range yesterday. A break above the 1.4190 indicates a short term break of the range and a target of 1.4220. The target beyond is 1.4320 if the pair continues to push higher.
A break below 1.4100 indicates another swing down with target at 1.4030 and 1.4000.
Support is at 95.40 and 95.00. A break below 95 will likely probe into the 94.50 area. There is an upward sloping trend line which currently is running through 95.40. So a move below this level shifts the overall bias for the pair downwards.
Upside resistance is 96.10 and just below 96.60.
Forex tradinganalysis by Forexpros.com - Written by Corey Mitchell
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Disclaimer Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
__________________ Forexpros.com - Bringing you live news, analysis advanced charts and quotes.
Check out our new and improvedTechnical StudiesSection.
A chart pattern is a distinct price formation that creates a trading signal, or a sign of anticipated price movements. Chartists use these patterns to identify current trends and reversals and to set buy and sell signals.
Among the different chart patterns, the 123 pattern is a considered to be an effective and successful pattern.
When the 123 pattern occurs at the end of a trend, it is a strong indication of a change in trend. Since price always moves in waves, this pattern can also be found within a trend and within a trading range.
But one must understand the advantages and drawbacks for any trading technique.
Implementing the technique in the live markets is the crucial part and one must have a trading plan defining the precise entry, stop and exit levels.
Learn how to identify this pattern and set the precise trading parameters of entry, exit and stop levels.
The pair is in a short term widening range, with bias currently to the upside. A push above 1.4250 would confirm, with a target of 1.4310. 1.4340 and 1.4380 are resistance levels beyond.
A drop below 1.4200 will like test 1.4180. A drop below 1.4170 will need to move through further support in the 1.4160-1.4140 region and if it succeeds will target 1.4120 then 1.4080 (if needed).
The pair dropped below a rising short-term trend line yesterday but has come off those lows and is now trading above it. 95.70 and 95.40 will act as support, as well as the recent lows near 95.00.
A break above 96.35 indicates a move higher with a target of 96.60. 96.90-97.00 is the resistance level beyond.
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Forex tradinganalysis by Forexpros.com - Written by Corey Mitchell
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Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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Free webinar - Chart Patterns and Market Cycle Confirmation
Expert: Raghee Horner
Date: Thu, Aug 20, 2009, 12:00 EST
Learn how to trade support, resistance, and chart patterns and market cycle analysis to help you find trading set ups.
Learn how to filter trade set ups for the best set up and understand triggers as well as market cycle analysis to improve your entries and trade selections.
The pair is approaching support between 1.4100 and 1.4120. A bounce off this level indicates a move higher to rest resistance between 1.4260 and 1.4280. A break above indicates another move higher and a test of further resistance at 1.4320.
Support below 1.4100 is at 1.4080 followed by 1.4000.
With the trend still up the bias is to the upside.
Support at 94.40 has held so far, a break will likely target 94.00. Further support is at 93.80 and 93.40.
Resistance on the upside is at 95.00 and 95.50. The current trends point to a bias to the downside for the pair. But 94.40 will need to be penetrated on a sustained break for that to materialize.
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Forex trading analysis by ForexPros - Written by Cory Mitchell
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Disclaimer Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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Watch How the Pros Trade!
Expert: Richard Regan
Thu, Aug 27, 2009, 17:00 EST/21:00 GMT
Pro trading offers a one-off, train-and-trade capital solution. Head pro Richard Regan will discuss his trades of the day, why he got into them, why he got out, what trades he avoided and missed, and why. There will also be a 15-minute interaction session to ask Richard anything you want!
There is a band of resistance between 1.4120-1.4140 which so far has held. There was a downward break from a longer term pattern yesterday, and this is the likely pullback point after the breakout.
Targets to the downside are 1.4040, the recent swing low, followed by 1.4000 and 1.3960-1.3950.
A strong move up warns of a bear trap on the downside break from the longer term pattern. Resistance to the upside is at 1.4180 and 1.4250. A rose above this is unexpected and would likely result in a sharp rise higher over the coming days.
Based on trendlines and previous pullbacks the pair is likely to push into the 95.20-95.40 area. A push above this indicates further strength over the coming days.
If that area holds a swing lower is very likely. Support is at 94.50, 94.20-94.00. Targets beyond this are unlikely to be hit today but the first is at 93.40.
In an accelerated uptrend the pair briefly broke through resistance at 1.1100. Early trading has provided support and is creating a bullish continuation pattern. A push back above 1.1100 gives early warning of a swing higher but will be comfirmed if rates move beyond 1.1130.
Resistance on the way up is just below 1.1100.
A drop below 1.1020 signals selling of the USD pushing the rate down. 1.0970 is the support beyond.
Forex Tradinganalysis by ForexPros - Written by Cory Mitchell
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Disclaimer Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
1.4260 proved to be a strong resistance level, stalling the EUR surge yesterday. Currently the pair appears to be forming a continuation pattern. But a break below 1.4180 is likely to see a further slide. Support is at 1.4150, 1.4120 and 1.4100.
A move higher is more likely at this point. If 1.4260 is exceeded it indicates another move higher. Initial target is 1.4310 followed by 1.4380.
The pair continues to decline, falling through support yesterday before bouncing to retest that former support level in late trading. Currently the pair is pushing at resistance. A push above 94.50 indicates at least a brief move higher into the 94.70 region, and if surpassed 95.00.
There is little support in a decline until 93.80 followed by 93.40.
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Forex tradinganalysis by Forexpros.com - Written by Cory Mitchell
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Disclaimer Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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