All Blog Entries

Posted on January 5, 2009 at 1:18 in Uncategorized by David R Pegler1 Comment »

Hello everyone. With every passing day we should start to see the “real” money returning to the market and some more normal trading conditions prevail. As the year gets going I will be looking for the possibility of mutual fund and hedge fund money trying to get long the equity markets. If this is indeed the case the Aussie Yen and Kiwi Yen crosses will be attractive longs. Today I put together an Aussie Yen trade plan that explores the merits of the above logic from a technical stand point. Good luck and enjoy the video. David Pegler

...

Written by John Jagerson | Forex Technicals

Here we go! What in the world is Fibonacci Analysis?

This is a technical tool available to new or experienced investors regardless of your trading time horizon or market of choice. Fibonacci analysis is a way to forecast levels of support and resistance and project price targets. It can be used to set stops as well as timing entries, however, the most valuable information is what it can tell us about risk. In this lesson we will be introducing a few of the tactical concepts and tips you will need for this course.

Fibonacci Concepts

What are the ratios and how are they used?

I will spare you the long, historical (and mostly ...

by Darrell, Posted On: 01/05/2009

EUR/US$

The dollar found support close to 1.47 against the dollar in European trading on Wednesday and strengthened to near 1.4650 ahead of the US data. Following the US releases, the US currency weakened to lows near 1.4750 before a recovery to 1.4720.

The US ISM index for the manufacturing sector dipped sharply to 47.7 for December from 50.8 previously. This was the first reading below 50 for 11 months and the lowest since April 2003. The components were all generally negative except for the prices index which rose to 68.0 from 67.5 previously.

The weak data will increase fears that the economy is sliding towards recession and will also increase ...