Answer by Dave Hughe: I use Meta Trader 4 on my Mac and on my iPhone. There is a MT4 app for the iPhone, which works great. As for the Mac, you need a software that allows running windows programs on Mac. Personally, I use CrossOver (Run Windows on Mac, easily and affordably) but there … [Read more…]
We did not trade on Monday because banks were on holidays in the UK and Japan There were no short-term trades this morning. We opened a long position in AUDUSD on a daily chart at 0.9361. Which means that this particular trade we are going to follow on daily charts with placing stops and profit … [Read more…]
The up to date results since the start of this blog are as follows: Week 1: +231 pips Week 2: – 19 pips Week 3: +415 pips Week 4: +366 pips Week 5: +137 pips Week 6: +150 pips Week 7: + 20 pips Week 8: +155 pips Week 9: + 23 pips Week 10: … [Read more…]
The USD surrendered its gains today. We were able to profit on all 3 units in the EURUSD trade. The total profit there was +66 pips. See below: In the GBPUSD trade the first unit reached its profit target for +22 pips profit. The remaining 2 units were stopped out a little bit above … [Read more…]
The following signals were issued today. As you can see the EURUSD and GBPUSD orders performed as expected. The EURUSD position has reached both profit targets already (+51 pips of profit). One more unit is open to capitalize on further price decline. The GBPUSD position has reached profit target P1 (+22 pips of profit) and … [Read more…]
The following signals were issued but none was triggered and they were cancelled later. There was no action in the market due to the holidays in Europe.
Today there were the following signals issued:
There were no signals on Monday and there are none today:
Answer by Dave Hughe: There are basically 3 ways to short a currency:1. You can sell a contract for that currency in a Futures Market.2. You can sell an index of that currency. For example, if you believe that the US dollar is going to weaken, you can sell a US dollar index, which measures … [Read more…]
Answer by Dave Hughe: The whole idea of technical analysis was based on the premise that most of the time people would respond in the same way to similar situations. And that these similarities of responses are reflected in patterns on charts. Whether this is true or not is a matter of opinion. But some … [Read more…]