Forex technical indicators, take a look the status of the most important foreign exchange market for the day of the 26.07.2011

Here is a summary of all Forex technical indicators, the status of the most important foreign exchange market for the day of the 26.07.2011 takes a look.

And above all, you do not, your orders to grant and the calendar of the economic Forex.fr forget! Good business for all.

USD-CHF
We were too optimistic with our weekly channel changes between 0,8000 and 0,8300! We thought, the dollar would be marked for the August 2 significantly above the 0,8000, but it seems that the delay in raising the US debt ceiling fear the worst for investors who are disposed of their dollars. The USD / CHF again broke his record in the last 24 hours of 0,8178 to 0,8007 down! For Tuesday, should be the bar 0,8000 tested and are surely broken. Channel fluctuation of 0, 7950-0, 8100.

EUR-USD
1,4326 and 1,4501 (this morning): the EUR / USD has once again volatile, with many movements between the extremes like this proves. After the provisional solution to the crisis in Greece, Ireland and Portugal, which has received an aid package from the EU and the IMF, will she forced again to renegotiate the conditions? What is in Greece happen not in any way transferred to others countries will, after several politicians... Fears for the coming weeks not going away and the standard go to the United States would automatically catastrophic impact on Europe. Valid 1, 4375-1, 4525 the channel should be for the next 24 hours.

What is Forex?

Everyone wondered: what is Forex! Forex is an abbreviation for (foreign exchange) c'esest Forex currency. In fact it is the largest financial market in the world with a daily volume of US$ 1.9 trillion swapped. I said, every day. For comparison, the market of the New York Stock Exchange (NYSE) was $9.6 trillion for 2003.

I started to bring in the Forex, there is little less than a year. At first I no money opened a demo account, where I wanted to not risk. Within a few weeks I was there some actual transactions. After a few months, my results were not necessarily convincing. I had gained almost nothing despite all the time.

I have tried different strategies with little success. If you are looking for on the Internet, you will find it difficult to find good strategies. Recently I came across the website

Forex, is what made by that?

Forex or (foreign exchange) also known as foreign exchange market or Forex market is the second financial market in the world in terms of total volume. it directly behind the market rate.

This is the place to which the currencies, the currencies of different countries are bought and sold, and brokers or to speculate on changes in these currencies. (Speculation on currencies represent the largest share of this market, far ahead of the buying and selling of foreign currency to buy goods and services in foreign currency).

Forex

What strategy to choose Forex trading

Take some time, before the entry of the FOREX account.

The value of fundamental analysis in Forex

On the foreign exchange market, analyze technical expert trends like the stock market always run

Considerations for a beginner Forex trading before you begin

If you opened your trading account FOREX, and you want to start transactions, we recommend you some advice before you start: first you will certainly understand in detail of the contract you signed with your Forex broker.
To note the following points before you, to enable your Forex account:
-Take a look at the different currency pairs and their prices, supply and demand.
-Have you chosen a reliable platform?
-Setting a value of the smallest capital, that you begin to invest?
-The conditions of the recotation are you convinced?

It is advisable to consult a company that competitive spreads and FOREX home offers even an account to open, will he give you that to reduce, if not, then huge amounts of money to pay costs.

Make sure the transparency of the platform from which you, the open Forex account

Considerations for a beginner Forex trading before you begin

If you opened your trading account FOREX, and you want to start transactions, we recommend you some advice before you start: first you will certainly understand in detail of the contract you signed with your Forex broker.
To note the following points before you, to enable your Forex account:
-Take a look at the different currency pairs and their prices, supply and demand.
-Have you chosen a reliable platform?
-Setting a value of the smallest capital, that you begin to invest?
-The conditions of the recotation are you convinced?

It is advisable to consult a company that competitive spreads and FOREX home offers even an account to open, will he give you that to reduce, if not, then huge amounts of money to pay costs.

Make sure the transparency of the platform from which you, the open Forex account

Patience - supplement money management

Patience is one of the greatest virtues in the Forex trading.

Unfortunately not always opportunities for trades, so that for you some hours before the screen sits without that something is happening or that you can see something worthwhile. Unfortunately, this can be sometimes but unavoidable.

On some days, certainly no clear picture about possible trends you could go into the developed. Hope will give a then sometimes only the announcement of more than one publication of economic data affecting one of favorite currency pairs, so that come something momentum in the trading day.

Unfortunately, this can be seen but not be a reason, avoid that I usually rather morning trade, so that you have open in the afternoon for other activities.

Usually it is however better in any trade go, acceptances and/or impatiently to act - as well as in real life also.

It is important nevertheless, its trading and money management because that could go quickly strategy to be faithful and not outside it to act in the pants and I bezweilfele that is that in retrospect really worthwhile for a little "action".

Note be sure to clear entry or exit signals!

I will be few posts in this blog, well, after my first first enjoy the long weekend (Corpus Christi) and then next week, various strategies to present, start have proved profitable for me.

In this sense...Happy weekend and happy trading!

Parabolic SAR

To our knowledge about trading in the Forex market, I now add an effective counter to that at the same time already in itself a good trading strategy can - represent the parabolic SAR (stop and reverse)

This was developed precisely for the reason to generate signals for buying or selling on the one hand, at the same time but also to take account of the risk management.

Caveat: the indicator works excellent in cases of strong trends, with weak trends, he is however quite ineffective and should serve as a signal. Therefore, for this indicator, you should best times from 8: 00 am to 11 am (open Frankfurt Stock Exchange and later London Stock Exchange) and from 14.00 to 16.00 (Frankfurt, London and New York Stock Exchange opened) use of the market in the most currency pairs that has the strongest trends, as here.

The parabolic SAR provides a buy signal, and a sell signal when a dot appears in the course, if a point over the course.

At the same time, the position of the point to as a stop-loss function, i.e. that it is once again leaving from the trade once the course has reached the level of the point.

As a rough rule of thumb and policy proposal should apply, that one goes into a trade as soon as the second or third spot on one side of the course shows up and leaving again as soon as two points on the opposite side appears, or when the price reaches the level of the first point. In the first case, we should have made a profit with this strategy, we minimise our loss in the second case.

I personally have the parabolic SAR used once to the trade as an indicator, but am departed as it is sometimes too unpredictable when one has to do it with a strong and when a weak trend. Help can you here certainly use other indicators, or are using parabolic SAR in the parent time Windows confirmed the trend direction.

But I think that who tradet with indicators, come to test this strong trend following indicator.

Moving Averages Crossover Strategie

A simple but effective strategy in Forex trading is to wait until various moving averages cross over.

For this purpose one draws the following EMAs (exponential moving average) in a 1 hours a chart:

· EMA10 (green)

· EMA25 (yellow)

· EMA50 (red)

If now the green line the red and yellow line, this is our entry signal - from bottom to top means buying, selling from top to bottom.

Here, it is important to wait until the last period has been completed and the position of EMAs is then in the correct position, as we otherwise obtain many wrong signals.

In trend markets, you can make some pips profit with this strategy.

A tip from my side but would be to close its positions overnight, even if you sometimes like to several days open can such a trade.

A few tips before they affect the FOREX

Are you looking for Forex start? LiteForex

Open an account FOREX

The procedures for opening a Forex account is similar to taken, opened an account on the stock exchange: LiteForex

Win or lose on the FOREX?

It is acquired the skills of Forex traders every day in the Forex market, is cut into slices and to switch to the gain.

Forex trading strategy to win

A successful trader and professional takes only calculated risks, based on a strong strategy.

fundamental analysis

Forex fundamental analysis is the analysis of economic information and policy with the aim to identify and predict possible future movements in the financial market.

MACD crossover strategy

Another simple strategy is waiting for entry signals on the basis of MACDs.

For this purpose one draws the MACD with the following values in a 1 hours a chart a:

MACD (almost EMA: 26, slow EMA 12, MACD-SMA 9 - should be the default settings).

If now the fast EMA (black line) the slow EMA (red line), this means that we in the trade or get off. Also here is that if the breakthrough from top to bottom, we sell when the breakthrough from bottom to top, we buy.

Also here is a relatively simple but effective strategy.

Bollinger Bands

Bollinger bands are also a good way to determine the direction of the trend, but also weaknesses of respective trends can be made out.

For this we use the following Setup:

We insert Bollinger bands with 20 periods (variation 1) into our daily chart (24 hours).

We now note the medium (black) line of the Bollinger bands (this corresponds to the SMA20 - simple moving average). Is the course on this line, we are in a short-term uptrend, located the course including, we are in a short-term decline.

In the chart would that so ausssehen:

Now we switch window in the smaller 4 hours or 1 hour - the best we are opening a second chart for this.

The share in this chart touches the opposite outer line of current trends, so when an uptrend in the daily chart the ground, in a downward trend the top, we enter in the trade, since we are here in a short vulnerability of parent trends.

The exit should be then the in this case upper Bollinger bands line security sake when, so when the opposite.

It is essential here, as we move in different time periods, to ensure, at which time the Assembly or downward trend was identified and when the ground contact takes place.

Trading for professionals

If you are employed, has no time to take a look at the charts, so strategies are interesting for these people in which pending orders or trades can be, in the morning triggered in the evening to see what success or failure of these had in most cases.

Here I found an interesting strategy, where this is possible:

If you look at the following values of the Last 24 hours of the currency pair of your choice:

· High day.

· Low

· Closing price

From the high of the day and - deep is you now the price movement of the currency pair in pips. Is the low of the previous day at 1,4425, the day high of 1,4537, for example, when the EUR/USD as the price movement is 112 pips.

Now calculate 25% of this price history (in our example 28 pips = 25% of 112 PIPs).

Starting from the closing price of the last 24 hours to lay a sell order which is 25% of the previous day price movement under the closing price and a buy order at 25% above the previous day closing price now.

As take-profit also again taking 25% of the price movement of the previous day, to put the StoppLoss 10 pips away from the opposite order.

Best take here always same time as the basis, because otherwise, the results could be tampered with. In addition, it is recommended to first look at the economic calendar. Important publications ahead, you opened would rather not order.

In our example, this looks so like this:

· Day high: 1,4537

· Low: 1,4425

· Price movement: 112 pips = > 25% is equivalent to 28 pips

· Closing price: 1,4502

So you opened following pending orders:

· Purchase at 1,4530 (1,4502 + 0,0028 - TP 1,4558, SL 1,4484)

· Sale at 1,4474 (1,4502 - 0,0028 - TP 1,4446, SL 1,44520)

Now you can go to work and to watch in the evening, where the price stands at the time, or whether the jobs created have been met.

How this trade is to keep something riskier than before the screen with security and to have influence on the course of his trade, but a way to complete the one or the other trade despite work. By the economic news is you already do every day in this way trade can.

Pivot points

Again and again one hears in the trading area of so-called pivot points, but what is this and how can you use them to act?

In General, one can say that pivot points or lines are used to predict where resistance and support levels are in the course of the day.

For this, the previous range is made to help, so previous day high, low of the previous day and previous day closing price. If you added these 3 values together and divides the result by 3, you get the pivot point around which of course should move on the current day.

This expected then two lines that you want to sketch out resistance and support. The calculation of these lines is as follows:

Support 1 (s1) = (pivot point * 2) - previous day high

Resistance 1 (R1) = (pivot point * 2) previous day low

Support 2 (s2) pivot-point-= (R1 - S1)
Resistance 2 (R2) = pivot-point + (R1 - S1)

The respective pivot points support and resistance lines, you can also simply on LiteForex in the details view of currency pairs in the section "Technical" out spelling, if you use the MetaTrader, can also templates download, to integrate them automatically in his chart.

The problem and to the vulnerability of the points in the field of Forex is that there is no official beginning and no official end for the market. Some traders take the New York Exchange hours with this but the London and Frankfurt Stock Exchange session is excluded for example as a basis for the calculation of the points.

Officially the Forex market opens however briefly closed and immediately Central European time 11: 00 p.m. for interest may be credited. This means that you should use the time of 23: 01 to 23: 00 (CET) for the calculation of the points.

The big advantage of the points is that generally used, so that a bouncing movement or break of support and resistance lines should be strengthened by further dissemination.

My tip to do this, is simply drawing the lines themselves - can draw automatically by template in the MetaTrader, have one so no work - and to simply look at the price movement when the lines. You will be amazed how often actually a resistance or support on the previously defined lines developed.

An important note at the end... of course it is also possible to drawing points for shorter time whether as much sense behind is, I dare however to doubt.