by caseystubbs
on 06. Sep, 2010
in Market Insights
This article further illustrates a point about murray lines and here i
present it using a chart from today. So i am not trying to pick some
random chart from history to prove a point. Anyway, attached is the
M15 chart of GU today. You can easily see how the price obeyed the MM
levels to a great ...
by caseystubbs
on 06. Sep, 2010
in Market Insights
Recently, currencies have been subjected to a series of wild swings in public sentiment. Seemingly, every few days the perception switches from a “flight to safety” to a “pursuit of risk”. One of the best examples of this wavering opinion is the AUD-JPY.
After making a low of 71.85 in May, this p...
by caseystubbs
on 06. Sep, 2010
in Market Insights
Supports and resistances are points in the price of an entity (it can be a share or a currency pair or a commodity or any other entity) where the prices stall. They have got more to do with history and user sentiment. Lets say that the price of the entity is 5 to begin with. It begins to rise and it...
by caseystubbs
on 06. Sep, 2010
in Market Insights
The USD was playing defense on Monday after firm U.S. payrolls data last week eased market fears over chances of a double-dip recession and boosted demand for the EUR and growth-leveraged currencies.
The USD looked vulnerable vs the JPY after failing to maintain its gains following Friday's payro...
by caseystubbs
on 05. Sep, 2010
in Market Insights
Many of the top traders in the world trade using what is known as price action. By price action, we simply refer to how the price reacts and behaves at any specific point of time. The traders will also tell you to watch how price behaves at points of support and resistance. There are various ways of...
by caseystubbs
on 05. Sep, 2010
in Market Insights
So far this week, the Japanese Yen, and all its crosses have been very volatile. They sold off significantly for 2 days following the emergency Bank of Japan policy meeting and recovered to some degree on Wednesday. This recovery ran into a stiff resistance though, and currently the JPY pairs are in...
by caseystubbs
on 04. Sep, 2010
in Market Insights
he Gbp/Jpy is a setup I will be looking at when the market opens this week. There was a large drop during Fridays trading and at the end of the day it started to pull back just a bit. So my idea is that the downward move will continue on to possibly test new lows.
by caseystubbs
on 04. Sep, 2010
in Market Insights
Big Forex mistakes will reduce your account balance until you go down to zero. When I say big mistake My definition is this: large losses over 5% of your account balance at one time. These could include margin calls which could be greater then a 50% loss at one time. Now that is what I call a big...
by caseystubbs
on 03. Sep, 2010
in Market Insights
Being the techie geek that I am, I dive deeply into the features of the software I use. I like to find features that make the software more useful to me. So I decided to write a series of articles pointing out some of these things. To some folks, these things may be obvious, so don’t totally blast...
by caseystubbs
on 03. Sep, 2010
in Market Insights
The EUR and high-yielding currencies held strong on Friday after an improvement in U.S. housing and jobless claims data increased investor appetite for risk ahead of key U.S. jobs data later in the day.
Still, reflecting consistent worries about a slowdown in the U.S. and global economies, the JP...