Tag Archives: Forex

Up Coming FREE Webinars For This Week

Use Credit Spreads To Create Your Own Dividend and Protect Against A Pullback by Nicolas Chahine Tuesday March 19th, 2013 @ 4:30 pm EST

Managing positions is a major potential pitfall to most traders. Most struggle with how to make the best out of losers and how to protect winners. Good traders use options to accomplish that.

Join Nicolas Chahine on Tuesday March 19th at 1.30 pst (4:30 pm est) for a free webinar on how to use stock options to better manage your trades and become a more complete trader. He will cover:

  • Quick recap of options basics: puts, calls and spreads
  • How to create your own dividends even on stocks that DON’T pay any dividends
  • How to protect winning positions without costing you any money
  • How to manage losing positions

Is It Still Ok To Buy? By David Moenning Tuesday March 19th, 2013 @ 6:00 pm EST

This rally has caught investors off guard and many have questions. Have stocks gone too far, too fast? Is it time for a correction – or something worse? Should investors with cash on the sidelines stay put? Are there areas that are still safe to buy?

David Moenning, 25-year Wall Street veteran and full time money manager will address these questions and more in this live webinar.  Dave will review:

  1. The state of the current rally (I.E. Is it time for a correction?)
  2. Sell signals to be watching for
  3. Tell-tale signs that it’s okay to get back in the pool
  4. What you CAN buy now
  5. Systems for staying on the right side of the market’s BIG moves
  6. Risk Management strategies to keep the bears at bay

Secrets To Optimizing Your Morning Income Stream (Part 3 of 3) By Jea Yu of Morning Profit Maker Thursday March 21st, 2013 @ 6:00 pm EST

Veteran day trader and 4-time recipient of Forbes’ Best of the Web award, Mr. Jea Yu, invites you to the 3rd and final part to his live webinar series showing you how to create consistent morning profits.

n this final webinar, Jea will come full circle from webinar’s 1 & 2 (watch webinar 1 here & webinar 2 here) and how to manifest a consistent morning income stream. Specifically, he will cover:

  • Pacing and Closure process
  • Trade evaluation and analysis
  • Draw down management
  • Recycling and building up core trading stocks
  • Manifesting consistency
  • When to raise the stakes: performance ratios

Trading The Wide Open Spaces in Forex By Scott Barkely President of ProAct Traders Friday March 22nd, 2013 @ 3:00 pm EST

Learn to improve your trading success and build your confidence to ultimately capture more Pips. Join Scott Barkely, President of ProAct Traders, as he specifically shows you:

  • Learn how to identify proven areas of low risk and high reward
  • Learn where to get out and where to get in
  • Learn how to limit your risk while finding a high probability opportunity for way more Pips than you currently are doing
  • Learn how the “dumb money” trades and how not to be one of them.
AUDUSDhrly

Forex Outlook

EURUSD
Short bias under 1.29264

GBPUSD
Short bias under 1.60067

USDCHF
Long bias over .93160

AUDUSD


Short bias under 1.04341

TheSmarterInvestor

 

USDJPY, AUDUSD

USDJPY-Looking to short this, after break of 200 EMA.  Looking for this to test the major support area of 81.33.  Weekly chart shows a nice bounce off the 50 EMA

AUDUSD-Also looking to short this.  Seems like it can’t bust through the high of 1.057, so i think it will pullback and test the1.205 support level

I got stopped out of my EURUSD long for -30 pips

TheSmarterInvestor

Forex Analysis

EURUSD- I’m still long EURUSD from the 1.4295 breakout of November 2010.  I’m looking for the 1.4600 area, but I’m a little worried about the price action right now, it seems to be flirting with January 2010 high resistance. 

USDJPY- USDJPY looks prime for a long position right now.  Its right at the 200 day EMA, and the 50% retracement fib level. I’m going to be watching this pair closely. Tomorrow should be interesting.

I’m still trying to get charts up.

TheSmarterInvestor