Wednesday, May 30, 2012

EURUSD Bullish Butterfly

EURUSD bullish butterfly pattern. I am already long from 1.2464. Will breakeven after 20 pips in profit.


Monday, May 28, 2012

Friday, May 25, 2012

GBPJPY H4 Channel

GBPJPY H4, price bouncing from descending channel support. In past this trendline has hold very well.


MACFibo EA v1.1

The EA on MACFibo trading strategy (by sufiansaid) is finally available. The code is available now on mql4 website, link here. Its updated/latest indicator is here. Babypips forum for discussion is here.
NOTE: Its work-in-progress code and trade on real account at your own risk. Neither me nor the creator of this system assumes any responsibilities for loss by the system or this EA.

Below a little bit description of the EA.

Wednesday, May 23, 2012

MACFibo System Indicator : Updated

This is an updated version of MACFibo indicator published earlier. Original post like here.
Many traders have complained that previous indicator looks in future for trend determination. But in fact the indicator wont draw the trend unless the new bar has completed. Just for the sake of simplicity and better understanding, I have modified the indicator to look at previous 2

Monday, May 14, 2012

Automated Trading

Trading using automated robots called expert advisors is very easy nowadays. Anyone without skills of professional traders can set up a robot and trade on the financial markets like Forex. Some companies offer paid software together with customer support to take care of their clients and not all of them are complete scam. Moreover, there are a lot of completely free expert

Tuesday, May 8, 2012

NZDUSD 15M Descending Channel

NZDUSD 15M descending Channel. Break high of it is needed for a much required bounce..


Today's Pair Performance

Silver, Gold, Oil most down on the day. JPY relatively unchanged for the day...



Thursday, May 3, 2012

AUDUSD Channel UPDATE

AUDUSD channel approaching down support of channel. Approaching long entry point 1.0270.


GBPUSD M30 Descending Channel

Given the recent GBP strength, I doubt if the channel will provide good resistance. If it breaks upside, 1.6250/55 provides a good short entry against the highs.


Wednesday, May 2, 2012

UADCAD H4 Trendline

USDCAD H4 trendline resistance. 

Good time to short against 0.9925/30

AUDUSD H4 Channel

AUDUSD H4 ascending channel I am watching. 

I am looking to go long AUDUSD circa 1.0270 against 1.0240/45. 

Tuesday, May 1, 2012

MACFibo System Indicator


MACFibo system needs no introduction to babypips fourms members.
The Winner of March's Best Forex Trading System Contest, uses 3 moving averages to determine trade opportunities and Fibonacci extensions to determine stoploss and profit targets.
 

How it works:
Timeframe: H1 and H4 only.
Currency pair: recommended for EURUSD ,

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