Forex Technical Update 10/04/2010 – US Dollar Crosses Starts Week Quietly Ahead of Event Risks

January 27, 2012 by  
Filed under Videos


Forex Technical Update 10/04/2010 The EUR/USD is sliding to start the week, ahead of ECB’s policy decision on Thursday. The GBP/USD is in consolidation ahead of BoE’s meeting on Thursday, but is showing a bullish bias today. The decline in USD/JPY is stalling above 83.00, with the BoJ looking to conclude its meeting in the upcoming Asian session. The USD/CAD broke below last week’s range support, and is heading to more significant support levels. The AUD/USD pair may be forming a double top in the short-term ahead of the RBA’s policy statement in the upcoming Asian session. The event risks are complicated by Friday’s NFP, so there may be a choppy week ahead. Let’s take a look at these charts. Fan Yang CMT www.fxtimes.com

130+ Pip Winner Trading the Ichimoku Cloud – FOREX -GBPH4

October 14, 2011 by  
Filed under Forex review, Forex Trading, Videos

Automated forex trading system based on the Ichimoku indicator. Expert advisor robot trader built for metatrader MT4. Ichimoku meaning in Japanese as ” one look” was created by  Japanese newspaper writer Goichi Hosada.

Unlike statisticians or mathematicians in the industry this was a work of person who used his expertise and few assistants and created  technical indicator that is so robust and strong in today’s trading. There is  strong pipwinner system built around this type of trading and it compliments other trading systems in place. Take a look a the video here.

The Ichimoku indicator is used to measure short term time frame momentum along with areas of support and resistance as they occur in naturally. The standard Ichimoku is comprised of five lines:

Tenkan-Sen

—  This is a line made up by using high and lows for the 7 to 9 periods. This can be interpreted as short term moving averages.

Kijun-Sen

— This line is same as the above Tenkan-Sen  but it consists of longer time frames.  Many traders use cross overs of kijun and Tenkan as entry and exits points .

The Cloud

The cloud is made up of space between the Senkou Span A and Senkou Span B. Senkou Span A is calculated by subtracting : (Tenkan – Kijun)/2 and the Senkou Span B is calculated by (Highest High- Lowest Low)/2 over typically 52 periods.

The crossovers are used for entry and exits points.

Chikou Span

— Lastly the Chikou span is created by plotting recent price movement twenty six  periods behind the latest closing price.

Is Forex Arbitrage a Good Alternative to Earn a Living in Forex Trading Market?

October 8, 2011 by  
Filed under Currency

Forex arbitrage is a type of trading strategy wherein the trader make a profit by exploiting the inequality in currency pairs. This inequality or inefficiency is a self correcting one, so the opportunity window through which profits can be made is very narrow.

Arbitrage is considered a risk free fx online trading strategies as compared to other strategies forex traders or investors may adopt from time to time. Arbitrage is a strategy where transactions are performed on assets that are traded in two different markets. To earn a profit, these two markets have different quote prices for the same asset. Now when such a difference is noticed by some speculator, he buys the asset in the market which is offering the lower price and obviously sells it in the forex market that is quoting a higher on it. The important point to note in arbitrage is that this price difference causes immediate reaction from speculators and traders; the correction or elimination is also immediate because of supply and demand. However, while the difference exists profits can be made.

Forex Arbitrage is performed in two ways – two-way and three way arbitrage. Two-way arbitrage is simpler as compared to the three way Forex arbitrage, which is more complex and difficult to grasp and take control of. 3-way forex arbitrage requires real understanding of exchange rates and some understanding of calculation and accuracy skill. 3-way Forex arbitrage is possible when the exchange rates of three currency pairs do not match, and there is a difference between expected rates and actual rates. When a speculator enters into three-way transaction with a view to earn a profit from this difference is rates in different markets for same currency markets, it is called forex arbitrage.

Forex arbitrage may be considered risk free, but doing it properly calls for maturity and patience, besides computer programs that run at high speeds to make the best use of time as every second is crucial in forex arbitrage. Arbitrage opportunities also tend to close very fast.

As an experienced forex trader my honest advice would be that if you come cross an arbitrage opportunity in the course of your trading, try your best to use it, but don’t devote your entire time looking for forex arbitrage opportunities. Making a living this way is very complex, since these opportunities are very rare and last just a while. NOW THE BIG QUESTION, “WHETEHR IS IT A GOOD IDEA TO TRY AND EARN A LIVING TRADING Forex ARBITRAGE?”

About Author Copyright 2009 – Vahid is a forex trader and forex market analyst. His website is the MOST reliable reference for advanced, intermediate and beginner forex traders, Forex Arbitrage

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