Stochastic analysis for EURUSD shows an oversold indication. Short Up-trend might be expected. But please be noted that ECB bank will have a press conference @12:30 GMT+0 (please adjust the time based on your local timezone). The result of this press conference might pose a significant impact to the currency. I suggest you wait and see, or do quick hit-and-run strategy.
Supports: 1.4250, 1.4220, 1.4140, 1.4075
Resistance: 1.4320, 1.4354, 1.4400, 1.4465
Thursday
How to get profit in Forex Trading? #1
Okay, so you are now a forex trader, perhaps a beginner one. You want to get profit from forex trading as soon as possible, and - of course - as big as possible. Can it be done? How to get profit (especially the BIG one) in forex trading?
Well, my friend, that is the one-million question (or perhaps, ONE BILLION QUESTION).
Forex Calendar: Thursday 4 August 2011
Timezone: GMT+0
Please adjust the time based on your local timezone.
(GMT+0) 10:00am EUR
German Factory Orders m/m
(Forecast: -0.4%, Previous 1.8%, negative outlook)
(GMT+0) 11:0am GBP
Asset Purchase Facility
(Forecast: 200B, Previous: 200B, neutral outlook)
Official Bank Rate
(Forecast: 0.5%, Previous: 0.5%, neutral outlook)
Please adjust the time based on your local timezone.
(GMT+0) 10:00am EUR
German Factory Orders m/m
(Forecast: -0.4%, Previous 1.8%, negative outlook)
(GMT+0) 11:0am GBP
Asset Purchase Facility
(Forecast: 200B, Previous: 200B, neutral outlook)
Official Bank Rate
(Forecast: 0.5%, Previous: 0.5%, neutral outlook)
Wednesday
Forex Calendar: Wednesday 3 August 2011
Timezone: GMT+0
Please adjust the time based on your local time.
(GMT+0) 08:00am EUR
Final Services PMI
(Forecast: 51.4, Previous: 51.4, neutral outlook)
(GMT+0) 08:30am GBP
Services PMI
(Forecast: 53.3, Previous: 53.9, slightly neutral outlook)
Final Services PMI
(Forecast: 51.4, Previous: 51.4, neutral outlook)
(GMT+0) 08:30am GBP
Services PMI
(Forecast: 53.3, Previous: 53.9, slightly neutral outlook)
Tuesday
Forex Tips and Tricks: Stop Loss and Take Profit
How much STOP LOSS and TAKE PROFIT point are? Hm, this is a difficult question to answer. I belive there is no 100% correct answer for this.
Forex Tips and Tricks: Be Disipline!
Plan your trading for today:
Maximum profit: xxx points (setting "TAKE PROFIT" point)
Maximum loss: xxx points (setting "STOP LOSS" point)
and STICK WITH IT!
Disipline in forex trading is the hardest part of all! A lot of temptation that can drive you away from your plan.
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