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EUR/USD Bearish Candle

Today’s candle closes with a long upper wick and a reasonably bearish body. I set a short order below the low of the day with a RR ratio of 1:1

Daily Candle

Trading in the Shadows

Ive been doing some manual back testing over weekend and I have discovered something interesting on the Eur/Usd and Gbp/Usd pairs. It seems the long upper or lower shadows on the daily candle tends to determine the next days market direction. 52 more words

Daily Candle

Possible reversals.

NZD/USD is testing support at about 72.86 but 73.84 looks like a major resistance level.



I am setting a sell order below yesterday’s low.

AUD/JPY is either reversing or retracing. 11 more words

Daily Candle

EUR/USD Looking Bearish

The Eur/Usd seems to be reacting to resistance at about 1.14485

The last three daily candles have had a long lower shadows which makes me hesitate to enter at market. 17 more words

Daily Candle

A lunch time trader's journal

In this blog I will be sharing my assessment of the forex market and the trades that I make during my lunch break each day. 17 more words

Daily Candle

FXCM reports 4Q loss

NEW YORK _ FXCM Inc. on Monday reported a loss of $359,000 in its fourth quarter. The New York- based company said it had a loss of 6 cents per share.

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FXCM Talks Impact Of GAIN; Expects Cost Savings From Wind Down Of GAIN

FXCM Inc. (FXCM) announced that it has provided additional information for costs associated with its U.S. retail foreign exchange activities, which it has agreed to sell to GAIN Capital Holdings, Inc.

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