Strategy 1:
MA 5, 10, 50, 100
MACD
Support / Resistance
Stop Loss / Take Profit
Strategy 2:
GBP/USD 0000 to 0700
Strategy 3:
EUR/USD
Zig Zag (H1/5m)
Parabolic
MACD
H1 and 15m (Entry)
Wednesday, November 17, 2010
Real Time Price Quote & Update News
Dear Traders
For Real Time Price Quote and other update news / information :
www.forexfactory.com/market.php
Best Regards
Kevin
For Real Time Price Quote and other update news / information :
www.forexfactory.com/market.php
Best Regards
Kevin
Saturday, November 6, 2010
http://www.stansberryresearch.com/pro/1008OILBILVD/WOILL913/PR
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Trading Opportunities
Autochartist automatically scans for chart patterns in real time. Based on a trusted trading methodology, it offers valuable trading opportunities.
Autochartist is the world’s most advanced tool for the automatic identification of chart patterns and Fibonacci patterns.
Our proprietary technology allows us to monitor thousands of financial instruments 24 hours per day automatically uncovering trading opportunities as they occur.
With our pattern recognition engines continuously scanning financial markets such as Forex, Equities, Indices, and Commodity markets, traders are notified within minutes of pattern formations.
We also offer PowerStats as a feature that gives Forex traders important statistical information about the instruments they trade. It helps when setting stop-loss and take-profit levels, and provides a better assessment of risk and volatility
Chart Patterns
Autochartist covers Forex, Equities, Futures, CFD and Spread Betting markets, automatically identifying technical chart pattern formations such as triangles, wedges, tops and bottoms.
Users are notified by audio and visual alerts when emerging and completed patterns are identified. The pre-drawn charts are easily understood as support and resistance levels are clearly illustrated.
A truly versatile tool, Autochartist Chart Patterns allows newer traders to incorporate technical analysis into their trading plans, while still offering seasoned traders the powerful scanning functionality which saves them time and highlights trade opportunities that may otherwise be missed.
Fibonacci Patterns
Autochartist automatically identifies Fibonacci Patterns and visually illustrates the levels at which support or resistance is expected according to the theory of the Golden Ratio. Such levels can play an instrumental role in setting stop-loss levels and determining trading objectives.
From straight forward extensions, retracements, and ABCD patterns, to more sophisticated setups like Gartley and Butterfly formations, Autochartist also has the ability to identify patterns that are in the process of forming. This highlights to Fibonacci traders where they need to focus their attention for the next high-potential trade opportunities.
http://www.autochartist.com/daily-forex-update-gbpusd-7/
Daily Forex Update: GBP/USD
3 of November, 2010
by, Dima Chernovolov
GBPUSD is continuing to rise within the Rising Wedge price formation on the daily chart.
This price pattern demonstrates significant Uniformity and Clarity – both rated at 6 bars by the Autochartist.
The pair is trading around the round price level 1.6000 that should be cleared persuasively before the uptrend can continue.
There is an indication on the lower time-frame 30-Minute chart that this could happen soon.
The 30-Minute Cable chart shows exceptionally clear Ascending Triangle price pattern that has just been completed.
The Clarity of this pattern is rated by the Autochartist at the maximum 10 bar level.
This price pattern reverses the strong preceding corrective down impulse – rated at 8 bars by the Autochartist.
The price is expected to rise toward the area located above the recent heights – set between the price levels 1.6063 and 1.6098 – which should add momentum to the uptrend.
Opening a buy position at the level of this breakout would entail placing the stop-loss at the distance of 2 to 3 EPRs (Expected Price Range) below the upper Ascending Triangle line.
The value of one EPR for the 30-Minute GPBUSD chart is equal to 18 pips based on the most recent price data as is shown below:
For further information on this and other Autochartist products please visit our Trader Community at www.autochartist.com
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GBP USD 0000 0800
0000 Open Price
0800 Close Price
More than 50?
Counter Trend?
Price Action?
Trend Line?
Stop Loss/Take Profit?
Support / Resistance?
MA 5,10,50 with Price Action
MA5, MA10,MA50MACD
Price Action (Break Resistence) BUY
Stop Loss at Previous Low
Wednesday, November 3, 2010
Bank Negara Malaysia 25 June 2010
http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=2076
Ref No: 06/10/10
Embargo: Not for publication or broadcast before 1700 hours on Friday, 25 June 2010
Foreign Electronic Brokers Allowed to Offer Electronic Broking Platforms in the Malaysian Foreign Exchange Market
Bank Negara Malaysia wishes to announce that foreign electronic brokers would be allowed to offer electronic broking platforms for wholesale interbank trading in the Malaysian foreign exchange market with effect from 1 July 2010.
This initiative is aimed towards enhancing the participation of new players in the foreign exchange market to further increase the dynamism and competitiveness of this market. This flexibility will promote greater trading activities as electronic broking platform increases transparency, improves market efficiency and lowers transaction costs for the market participants.
Foreign electronic brokers who are interested to provide such service in Malaysia may submit the application to Bank Negara Malaysia in accordance with the requirements of the Banking and Financial Institutions Act 1989.
In assessing the merits of such application, the following criteria will be adopted:
(i)The applicant must comply with the local incorporation requirement;
(ii) The applicant must have a sound track record internationally;
(iii) The applicant must have a feasible business proposition to contribute to the development of the foreign exchange market in Malaysia; and
(iv) The applicant must have system capability and infrastructure to support its business, including to address contingency and disaster recovery procedures.
Further details or application shall be directed to:
Director
Financial Sector Development Department
Bank Negara Malaysia
Jalan Dato' Onn
50480 Kuala Lumpur
Tel: 603 - 26919885 or 603-26907593
Fax: 603 - 26913661
Email: feb@bnm.gov.my
Bank Negara Malaysia
25 June 2010
© Bank Negara Malaysia, 2010. All rights reserved.
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