Featured Post from Macplauzby, 05-16-2013 at 05:24 AM
Price manipulation in the Forex market - Observation in the Euro/US Dollar
A very important aspect in Trading Forex in my opinion is that price is most often pushed/ (particular at news release) to slightly penetrate or break Support/Resistance zones (for example recent Highs/Lows/Pivot Points or in general where stops are anticipated) to trigger the stops and often reversing after completing the stop run and targeting the opposite zone where stops are anticipated (for example the stops of the fooled breakout traders). The manipulation aims to catch the stops and to fool breakout traders at Support and Resistance or striking levels for example highs/lows and psychological numbers. This allows market manipulators to position themselves ...
Featured Post from forexheatmapby, 04-16-2013 at 10:03 PM
EUR is strong on almost all pairs.
EUR/USD – strong up trend building, set price alarm at 1.3200, potential to 1.3600 area
EUR/GBP – D1 up trend in place set buy alarm at 0.8590, potential to the 0.8735 area resistance.
EUR/AUD – strong up trend building, set buy alarm at 1.2720, potential uo to the 1.3000-1.3100 area.
When the price alarms hit verify any entries in the main session with The Forex Heatmap® and look for EUR strength or cross currency weakness or both upon entry.
Mark Mc Donnell
Spot Forex Trading Plans And Live
Entry Signals For 28 Currency Pairs
$19.95 per month
Featured Post from forexheatmapby, 04-07-2013 at 10:17 PM
If the USD is weak in the main session these three pairs have potential, the D1 trends are in place but the W1 trends are not in agreement.
GBP/USD – D1 up trend, set buy alarm at 1.5360, next resistance is 1.5525
USD/CHF – D1 down trend in place set sell alarm at 0.9315, potential down to 0.9100
The EUR/USD also has a D1 up trend in place but this pair is choppy so only consider strong heatmap signals on a buy.
When the price alarms hit verify any entries in the main session with The Forex Heatmap® and look for USD weakness or cross currency strength or both upon entry.
Mark Mc Donnell
Spot Forex Trading Plans ...