Daily chart trend-line. If this holds, good bounce coming.
Thursday, May 31, 2012
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.
Thursday, May 24, 2012
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
Thursday, May 17, 2012
Tuesday, May 15, 2012
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
Friday, May 11, 2012
Thursday, May 10, 2012
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...
Monday, May 7, 2012
Saturday, May 5, 2012
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
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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