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The 5 factors I look for in every pullback setup

posted by maximumpips 1454 days ago in Technical, Special made popular 1454 days ago

What I will teach you in this article is a pullback trading strategy that utilizes stochastics, simple support and resistance as well as Fibonacci retracement ratios to time trades in the direction of the primary trend. In my personal opinion, si

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Dollar down vs euro, but on track for monthly gain

posted by maximumpips 1456 days ago in USD, Fundamental, Daily made popular 1456 days ago

The dollar fell against the euro on Friday as some investors sold the U.S. currency after a string of recent gains had pushed it to its first back-to-back monthly gains since January 2007.

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Oil Rises as Dollar Declines, Bolstering Appeal of Commoditi

posted by maximumpips 1457 days ago in Fundamental, Daily, Oil made popular 1457 days ago

Crude oil rose more than $1 a barrel as the dollar declined against the euro, reaffirming the appeal of commodities as an inflation hedge.

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Trading Catastrophe: A First-Timer's Big Loss

posted by maximumpips 1458 days ago in Trading Psychology made popular 1458 days ago

My wife was excited for me, but she was anxious that I start making money. It was hard to argue with her about that. If I didn't make money, then we were going to have to dip farther and farther into savings.

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Top Three Chart Patterns for Wednesday

posted by maximumpips 1459 days ago in Technical made popular 1458 days ago

Top Chart Setup #1: Euro in Breakdown Zone

Top Chart Setup #2: Kiwi Bulls Bomb at Resistance

Top Chart Setup #3: The Mighty Peso

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Oil Falls to Lowest in a Week on Concern Prices Hurting Dema

posted by maximumpips 1459 days ago in Oil made popular 1459 days ago

Crude oil fell to a one-week low on concern record fuel prices will cut consumption at the height of the U.S. driving season.

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Here's What Changes the Euro's Bullish Bias

posted by maximumpips 1460 days ago in EUR, Fundamental, Daily made popular 1458 days ago

1. Euro Slips Despite News

The News:
Overnight, the euro lost ground, falling about 100-PIPs after briefly trading above 1.5800.

The Breakdown:
Just after 2:00 AM EST, the euro suddenly fell through the floor on the heels of the German GD

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Crude Oil Rises a Second Day on Nigeria Attack, OPEC Output

posted by maximumpips 1461 days ago in Daily, Oil made popular 1461 days ago

Crude oil rose for a second day in New York, after reaching a record last week, as militants attacked facilities in Nigeria and OPEC's president ruled out an increase in supplies.

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The Ultimate Technical Indicator

posted by maximumpips 1463 days ago in Technical, Special made popular 1463 days ago

People often ask: what is the best indicator to use in forex trading? Is it the relative strength index (RSI), or exponential moving averages (EMAs), or perhaps Bollinger bands? Or is it something more esoteric?

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Yen Worries, Oil Weighs on USD, Layoffs

posted by maximumpips 1464 days ago in JPY, Fundamental, Daily made popular 1464 days ago

Year over year, Japan's trade surplus was virtually cut in half based on slowing global growth and elevated oil prices.

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Gold, Silver Decline as Dollar Rebounds, Oil Falls From Reco

posted by maximumpips 1465 days ago in Gold, Metals made popular 1464 days ago

Gold fell from a one-month high as the dollar rebounded against the euro and crude oil dropped from a record, eroding the appeal of the precious metal as a hedge against inflation. Silver also declined.

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Forex Spot Trades Vs. Currency Futures

posted by maximumpips 1465 days ago in Special made popular 1465 days ago

Over the last several years, Forex Dealers have been springing up everywhere. Attending the New York City Trader's Expo this year, I was surprised at the number of FX dealers that were all exhibiting very similar offerings. Some competitors even

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