Sunday, September 30, 2007

Japanese Candlestick ebook


Japanese candlesticks offfer a better visual perspective to predict future market action than bars. Intraday charts with clear japanese candlestick patterns are invaluable for entry and exit strategies.

Candlestick patterns are reliable in all timeframes. Some pattern such as morning stars, evening stars and haramis are rarely seen in intraday trading because they require a gap between the close of one candle and the opening an another.

Trader mush have this ebook.

Read all : Click here to download.

Thursday, September 27, 2007

Dollar falls to record lows on housing worries

NEW YORK, Sept 27 (Reuters) - The dollar fell to an all-time low against a basket of major currencies on Thursday on concerns over the impact of the slowdown in the U.S. housing sector on the broader economy.

Traders said the market was awaiting new home sales numbers due at 10:00 a.m. (1400 GMT) amid speculation of a steeper-than-forecast fall.

"The dollar was getting hit earlier on the expectations for the new home sales data. I think it's pretty clear that's the problem going forward," said Tim O'Sullivan, trading manager, Forex.com in Bedminster, New Jersey.

The euro rose to a record peak around $1.4189 and was last trading at $1.4173, up 0.30 percent on the day, according to Reuters data.

The dollar index (.DXY: Quote, Profile, Research), a gauge of the greenback's value against a basket of six major currencies, dropped to a lifetime trough of 78.159. The index was last trading 0.3 percent lower at 78.268.

The market was little moved by data showing that the economy grew slightly slower than expected in the second quarter, while the number of workers applying for unemployment benefits fell unexpectedly last week. (Additional reporting by Kevin Plumberg)

Source : http://www.reuters.com

Trade Result

This is the result of my new trading system.
Yesterday is profit +30 point and today profit is 22 point, All closed manually.


Wednesday, September 26, 2007

New Trading Setup

This is my new trade setup, still based on dolly but added different filter indicator.
I Use this forex system to trade Poundsterling (GBP/USD) in europe market with tight target profit around 20-30 pip.