The Forex Pro

Here is the sequel to our analysis of YTL/$ released in our March 25 dated Occasional Paper “YTL/$ Responds ARCHly to Markets’ Tune”. We there tried to come up with a relevant framework within which movements of the YTL/$ could be explained both level and volatilitywise. The reason such an analysis became imposing was developments on both global and local scenes which led to significant volatility and level changes in the FX market. Regardless of their distinct qualitative nature, all

Once again, financial markets have experienced turmoil and subsequently the volatility in exchange rates soared. As we know from our past experiences, such disturbances hit the financial system from time to time and may lead to significant deterioration in the markets if the effect is permanent. These shocks might arise from different sources (e.g. internal and/or external), which make it difficult to differentiate between two. Exchange rates are sensitive to developments both in domestic and

This article is taken from the Forex Journal (February 2008 issue). The author is Cornelius Luca, a world–renown author, teacher and authority in foreign exchange who has traded and analyzed currencies since 1983. He currently is a member of the staff at Global Forex Trading, Division of Global Futures & Forex, Ltd., as one of its analysts who provides commentary on the foreign exchange market. Cornelius Luca, author of several trading books, details the Ichimoku technical study and

This article is taken from the Forex Journal, a special edition by Trader’s Journal magazine in Nov 2007. The author is Larry Pesavento.  He is a trading tutor and 40-year veteran of the markets. During his
career, he has been a member of the Chicago Mercantile Exchange,
supervised Drexel, Burnham, Lambert’s commodity department in Los
Angeles, traded on and off the floor and has trained over 800 traders. Larry Pesavento describes a chart pattern introduced by George Lindsay in the 1950s

This article is taken from the Forex Journal, a special edition by Trader’s Journal magazine in Nov 2007. The author is Carolyn Boroden, a commodity trading advisor and technical analyst specializing in Fibonacci time and price analysis. Her focus is on the “synchronicity” or confluences of both price and time relationships that set up relatively low risk, high probability trading setups. Ms. Boroden has been involved in the trading industry since 1978. Carolyn Boroden shows how to use

Summary Trading tools and how to use them (Phil Newton) Fibs Retrace & projections Round numbers Trend linesTrading example of Use of trend line breaks The art of combining technical components (Toni Juste) Trend lines, that magic tool Support & resistances with indicators Trade triggers, stop-loss and limit Bringing it all together - Trading set-ups (Phil Newton) Trend line breaks Asian Break out Fib pullbacks Combining timeframes for intraday execution (Tony Juste) What is considered

Part I: Introduction Part II: Fibonacci’s applications Part III: Application in the Objective Market Part IV: Model’s description Part V: Model’s description (cont) Part VI: Final Results and Conclusion

Final Results Then, and based on the model developed to prove the original hypothesis, we came to the following results: Pair EUR/USD: Pair USD/CHF: Pair GBP/USD: Pair YEN/USD: If after finishing this job, someone ask me if it is possible to predict the future, mi answer will still be “NO”. I don’t believe that could be, in fact, I don’t believe either we can predict what will happen in the next minutes… Although this seems the opposite of the objective of this work, I personally want to

Step 2 Afterwards, we move the following fields-data to a new table: minor rally number, start price, end price, duration (in hours), and the distance in basic points or pips. Then, we move the major trend direction to the new table, came up from the application of the Zigzag Oscillator to the major period under study. After the legs of the ZigZag were found (bullish and bearish rallies), we apply the Fibo’s ratios at any leg (“zig” or “zag”) that coincide with the major trend (In this case,