When you say trading, people will say trading is an art. Look at all the books that has been published on the subject. They will say the art of trading forex.
In that sense, we must take forex as an art and not a science. I know, some people may not agree with me and all the post that is in this blog. I don't blame them coz I was actually in the same place as they were when I started trading. Trying to find the answer to forex using every logical explanation.
This is the answer that you have been looking for. I am going to give it to you straight away. Let see if your mind can accept it.
Forex is not a science. There is not a single mathematical equation that can explain it. Do not forecast, do not predict, do not anticipate. All you need to do to make profit is to follow the market. If the price is going up, you buy. If the price is going down, u sell. You may not win all the time but if you follow the market, in the end you will be in profit. Make profit and build up your capital up to a point where a few winning trades per month will bring huge profit.
USD/EUR Details
USD/EUR for the 24-hour period ending Wednesday, December 15, 2010 22:00 UTC @ +/- 0%
| Selling 1.00000 USD | | you get 0.75038 EUR |
| Buying 1.00000 USD | | you pay 0.75045 EUR |
Rate Details
USD/EUR for the 24-hour period ending
Wednesday, December 15, 2010 22:00 UTC
| Bid Sell 1 USD | Ask Buy 1 USD | |||
|---|---|---|---|---|
| MIN | 0.74694 | 0.74704 | ||
| AVG | 0.75038 | 0.75045 | ||
| MAX | 0.75691 | 0.75698 |
These values represent the daily average of the Bid and Ask rates OANDA receives from many data sources.
Today Forex Rates
Dec 14 - Dec 15
EUR/USD +0.561 %
CAD/USD -0.115 %
JPY/USD +0.787 %
AUD/USD +0.584 %
GBP/USD +1.065 %
GBP/EUR +0.501 %
JPY/EUR +0.224 %
GBP/AUD +0.478 %
JPY/AUD +0.201 %
Wednesday, December 15, 2010
EUR/USD +0.561 %
CAD/USD -0.115 %
JPY/USD +0.787 %
AUD/USD +0.584 %
GBP/USD +1.065 %
GBP/EUR +0.501 %
JPY/EUR +0.224 %
GBP/AUD +0.478 %
JPY/AUD +0.201 %
 USD |  GBP |  CAD |  EUR |  AUD | |
| | 1 | ||||
| | 1 | ||||
| | 1 | ||||
| | 1 | ||||
| | 1 |
UPDATE: EUR/JPY Technical Analysis - Monday 18 January 2010
EUR/JPY Technical Analysis
by minibahn
Eerily quiet...
EUR/JPY Technical Analysis - Monday 18 January 2010
EUR/JPY Technical Analysis
by minibahn
RTFX Tradertip Nostromo Scenarios
Daily:
Elliott : extension wave down 129.7139. Market should not go lower than 129.6951. After this move down it should go up to 131.5035 - 131.9020 area.
Weekly:
Elliott : flat correction down 129.2227. Market should not go lower than 130.4540 - 129.1457. After this move down it should go up to 132.4895 - 133.2167 area.
Monthly:
Elliott : flat correction down 129.9450. If market stays below 134.0565 a fall to 129.1927 is expected. If market breaks the point 136.2407 it could reach the sky.
minibahn Mafia:
Daily bias is short. EUR/JPY has gone as low as 130.07. It's plausible that the flat correction down has NOT YET completed. There's a confluence of pivots below: DS2 128.97, WS1 129.10 and MoS1 128.99 that attract.
by minibahn
RTFX Tradertip Nostromo Scenarios
Daily:
Elliott : extension wave down 129.7139. Market should not go lower than 129.6951. After this move down it should go up to 131.5035 - 131.9020 area.
Weekly:
Elliott : flat correction down 129.2227. Market should not go lower than 130.4540 - 129.1457. After this move down it should go up to 132.4895 - 133.2167 area.
Monthly:
Elliott : flat correction down 129.9450. If market stays below 134.0565 a fall to 129.1927 is expected. If market breaks the point 136.2407 it could reach the sky.
minibahn Mafia:
Daily bias is short. EUR/JPY has gone as low as 130.07. It's plausible that the flat correction down has NOT YET completed. There's a confluence of pivots below: DS2 128.97, WS1 129.10 and MoS1 128.99 that attract.
EUR-JPY higher, new daily high close above DR1 133.44.
EUR-JPY higher, new daily high close above DR1 133.44.
RTFX TraderTip >> EUR-JPY Analysis – Tuesday 12 January 2010
Click HERE to jump to the Analysis posted on minibahnFX.com
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