Foreign Currency Trading

Forex News and Information

Archive for October, 2009

Bullish Harami Pattern

Posted by Forex Legend October - 31 - 2009 - Saturday ADD COMMENTS

This video describes the Bullish Harami pattern (Japanese candlestick chart pattern) and shows how to use it to get profit from the markets. Several example charts are given to easily understand this pattern and learn to spot it.

Posted on Forex Video Zone.
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RSI Forex Trading

Posted by Forex Legend October - 29 - 2009 - Thursday ADD COMMENTS

This free Forex video explains how to use RSI (Relative Strength Index) indicator to trade on Forex. The video shows how to enter and exit the positions based on RSI, it also shows when this oscillator indicator can be and can’t be used. This is a great video to learn using one of the most basic Forex indicators — RSI.

Posted on Forex Video Zone.
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Simple Reverse Forex Strategy

Posted by Forex Legend October - 27 - 2009 - Tuesday ADD COMMENTS

This simple Forex trading strategy is using the reversal figures to catch currency pair swings on H1 timeframe chart. This video detailedly explains the entry and the exit conditions and also offers an interesting money management system for this kind of Forex strategy.

Posted on Forex Video Zone.
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Trendline Analysis and Price Projection

Posted by Forex Legend October - 25 - 2009 - Sunday ADD COMMENTS

This Forex video tutorial shows how to analyze the trends using the trendlines and predict the future price movements using the results of the trendline charting. Peter Bain shows the best techniques of determining the trendline points and projecting the current trends into the future Forex rates.

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Indicator Stability in MetaTrader 4

Posted by Forex Legend October - 23 - 2009 - Friday ADD COMMENTS

This video demonstrates the instability of the MetaTrader Forex indicators that are based on the Close price. The Close price of the latest bar is constantly changing, inducing the change of the indicator’s curve. The example demonstration is given for the simple and exponential moving averages. The author of the video proposes a stable Open price basement for the indicators, as the Open price is constant for each bar. He also offers entering the positions using the more stable Open price as the base for the indicators, while the exit (for profit or for minimal loss) is better to be done with the more rapid but unstable Close price base. I, personally, can suggest that you can just ignore the indicators’ readings on the last unfinished bar when you trade. In your custom expert advisor you can also make it react only on the second last bar reading to minimize the effect of the indicator instability shown in this Forex video.

Posted on Forex Video Zone.
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European Trading Session Preview — October 21st 2009

Posted by Forex Legend October - 21 - 2009 - Wednesday ADD COMMENTS

In this video EUR/GBP is used as an analytical proxy to determine the key technical levels for EUR/USD currency pair before the European Forex trading session on October 21st.

Posted on Forex Video Zone.
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EUR/USD Daily Outlook — October 19th 2009

Posted by Forex Legend October - 19 - 2009 - Monday ADD COMMENTS

This Forex technical analysis video offers short outlook of the intraday opportunities for the major currency pairs and also a detailed preview of the trading sessions for EUR/USD.

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Kathy Lien Coming to Sydney, Australia!

Posted by Forex Legend October - 17 - 2009 - Saturday ADD COMMENTS

I will be on vacation for the next week but then I will be headed to Sydney for the very first time. I know that there are many Australians reading my blog and I would be delighted to meet you in person. Here is my itinerary. Hopefully we can cross paths:

Friday October 30 & Saturday October 31 10am – 5pm each day
Sydney Trading & Investing Expo (Oct 30-31)

My Presentations on Friday

12:30pm Warren Buffet for Traders
4:00pm 5 Ways to Trade Currencies

My Presentations on Saturday

12:30pm How to Think Like a Hedge Fund Manager
4:00pm Fast and Furious Trading Strategies

Monday Nov 2

6am-7am Watch me on Sky News. I will be Guest Hosting the business segment!

6pm – 10pm Forex Trading Master Class (Sign up!) - Marriott Sydney

Tuesday Nov 3

9:00am Watch me on CNBC Squawk Box Australia - I will be Guest Hosting!

12:20pm I will be on Bloomberg talking about Trade Opportunities

5:20pm Watch me on CNBC Europe

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Ascending Trend Line

Posted by Forex Legend October - 17 - 2009 - Saturday ADD COMMENTS

This Forex video will introduce you to a concept of an ascending trend line, which can be a part of the chart technical analysis. Ascending trend lines can serve as the channel borders and as the general resistance levels. This video will explain you how to draw the ascending trend lines, how to use them in trading and will also show you some chart examples.

Posted on Forex Video Zone.
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Combining Support/Resistance with Trend Channels

Posted by Forex Legend October - 15 - 2009 - Thursday ADD COMMENTS

This short Forex video tutorial shows how a trader can combine classic trendlines and channels with the support and resistance levels to get the more trading opportunities with the clear entry and exit conditions.

Posted on Forex Video Zone.
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