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Casual Articles - A Look Back At Forex Trading – 3/23/06
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We have further confirmation via Technical indicators. The Daily MACD has joined the 4-hour MACD in crossing to the sell sid
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For those of you not familiar with article submission, it takes several days for your article to be published. None of the information that you are reading has been written after the fact.
OK, now that that's out of the way let’s get to trading.
We are firmly in a downtrend from 1.7593, and longer term from 1.7933. We have been breaking through support all week, and until we get signs or indications otherwise, the market should continue it's downward move.
The next area of support is minor around the 1.7280 swing low, followed by the cluster around 1.7230 and more around 1.7147 heading down towards a complete retracements of the 1.7048 to 1.7933 move @ 1.7048.
This current move could certainly continue even beyond the 1.7048 level and become a continuation of the overall down trend from 1.9549.
We have further confirmation via Technical indicators. The Daily MACD has joined the 4-hour MACD in crossing to the sell sid
I’ve spent the last seven years marketing on the internet but have just recently started giving advice on how to be successful building an online business. The reason I started this blog was to fill a void I perceived in the online business market - the void for advice and discussion on how to take action.Action has been and continues to be the single most vital aspect
For those of you not familiar with article submission, it takes several days for your article to be published. None of the information that you are reading has been written after the fact.
OK, now that that's out of the way let’s get to trading.
We are firmly in a downtrend from 1.7593, and longer term from 1.7933. We have been breaking through support all week, and until we get signs or indications otherwise, the market should continue it's downward move.
The next area of support is minor around the 1.7280 swing low, followed by the cluster around 1.7230 and more around 1.7147 heading down towards a complete retracements of the 1.7048 to 1.7933 move @ 1.7048.
This current move could certainly continue even beyond the 1.7048 level and become a continuation of the overall down trend from 1.9549.
We have further confirmation via Technical indicators. The Daily MACD has joined the 4-hour MACD in crossing to the sell sid
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We are firmly in a downtrend from 1.7593, and longer term from 1.7933. We have been breaking through support all week, and until we get signs or indications otherwise, the market should continue it's downward move.
The next area of support is minor around the 1.7280 swing low, followed by the cluster around 1.7230 and more around 1.7147 heading down towards a complete retracements of the 1.7048 to 1.7933 move @ 1.7048.
This current move could certainly continue even beyond the 1.7048 level and become a continuation of the overall down trend from 1.9549.
We have further confirmation via Technical indicators. The Daily MACD has joined the 4-hour MACD in crossing to the sell sid
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The next area of support is minor around the 1.7280 swing low, followed by the cluster around 1.7230 and more around 1.7147 heading down towards a complete retracements of the 1.7048 to 1.7933 move @ 1.7048.
This current move could certainly continue even beyond the 1.7048 level and become a continuation of the overall down trend from 1.9549.
We have further confirmation via Technical indicators. The Daily MACD has joined the 4-hour MACD in crossing to the sell sid
Mastering the markets takes time, and it is in your best interest to survive to trade another day. Many novice and seasoned traders blew their first trading account. It's almost like you have to, but hopefully with a small amount of capital that you can afford to lose. Survival is the key when trading the forex market and every trader must face his or her long-term prospects.
We have further confirmation via Technical indicators. The Daily MACD has joined the 4-hour MACD in crossing to the sell side of the signal line, with what appears to be a significant crossing angle.
Our resistance levels were just a little off last night, which is not to say they were bad, but we have gotten spoiled, hitting our entry levels every night this week within a couple of pips.
The first area of resistance, many of our traders’ uses for a possible entry was around 1.7460 last night. The market went as high as 1.7449. When you look at the fact that a majority of our traders use about a 10 pip cushion, we were right there.
Currently, we are trading around the 1.7345 level. It appears the down move is fully in place, and should continue towards the previous lows at 1.7280.
If this should not hold, and we have no indication it should, we would be looking towards the next cluster of support at 1.7230 and 1.7048.
If a bounce back up should occur, it would be testing the resistance cluster around 1.7600.
Due to the lack of volatility, this is a ver
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