Blog Entries tagged 'Forex Analysis'

Learning Forex Market Movements: Basic Support and Resistance

bobokus@bobokus.com — Fri, 26 Jun 2009 08:00:00 +0100

In this quick lesson we’ll go over the basic concept of setting up your charts to trade in a support and resistance market, then make an analysis based on your chart; which leads into developing a trading plan. We’re only going to use basic tools, horizontal lines to mark the support and resistance points we find above and below price then add a few trend lines to help see the patterns unfolding. We’ll start with a Daily chart and move to the 1 hour timef [...]

Trading Forex From Your Analysis

bobokus@bobokus.com — Wed, 25 Mar 2009 08:00:00 +0100

Let’s do a quick analysis of the Euro and see what we come up with. It’s obvious the Euro has been trending down ever since the overall high of 1.6038 making an incredible drop to 1.2329, that’s a 23% devaluation in roughly 4 months.

Using Fibonacci and measuring this incredible drop in price we get our retracement points to this move. Looking at how price has reacted to these levels we can see defined support and resistance created at or around these levels. In the example belo [...]

Trading Naked - Live Forex Trade With S&R

bobokus@bobokus.com — Thu, 22 Jan 2009 07:54:24 +0100

Live trade example using support and resistance to scalp a quick profit out of the market..

Jeff's Forex Market Notes - January 11th, 2009

bobokus@bobokus.com — Sun, 11 Jan 2009 08:00:00 +0100

Yesterday brought to a close another good week for the Forex Trade Kings Club and myself. We have enjoyed 5 weeks now with our weekly targets being met and we expect this to continue. The more volatility there is in the markets the more we like it. This past week the Euro has fell to test the previous support left [...]

Forex Market Notes For The Week

bobokus@bobokus.com — Sat, 20 Dec 2008 08:00:00 +0100

It was a very volatile week where we saw the Euro climb continue its upward press to the tune of 1290 pips only to top out and then fall 895 pips; all inside of 1 week! It's not very many times where you will see the Euro outpace the GBP in range. GBP made an early run in the week climbing a little over 800 pips, only to later lose all the ground gained by falling 9 [...]