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Daily Chart EURUSD Short

euro short

Enter Short at 1.42 I entered a short trade at about 1.426 today. I am expecting further losses for the Euro. However, I have a tight stop incase the market decides to rally today. If todays daily pivot is broken (the gray line) I expect further losses down to at least midway to the next [...]

Technical Analysis 101

eBay-1

Technical Analysis is not very difficult to learn. If you can spot patterns and like looking at pictures, then you can learn technical analysis.

Trailing Stops are Like Insurance

auto-insurance

In forex, trading without a stop loss is pretty dangerous. I remember when a friend and I were trading and suddenly the internet went out. We were freaking out! What was the market doing? Were we losing all of our account balance? If we had placed an immediate stop on the order, we would have [...]

What is Metatrader?

MetaTraderPlatform

MetaQuotes Software Cooperation developed MetaTrader, a trading API platform which specializes in manufacturing financial markets software. When this was written, the MetaTrader 5 or MT5 was the newest version but MetaTrader 4 or MT4 is used widely still. The MetaTrader package has for brokers, a server backend and for clients, trading terminal. The whole software [...]

The Baltic Dry Index – BDI

Baltic Dry Index

What is the Baltic Dry Index? The Baltic Dry Index is the daily average of prices to ship raw bulk materials. It is issued daily by the London based Baltic Exchange. The Baltic Exchange acts as the global marketplace for buying and selling shipping contracts. The Baltic Index does not allow speculation like other exchanges [...]

Daily Chart Euro Long

euro long

After the beating I got yesterday, I am surprising my self that I am back at it again. But today I decided to change things up a bit and take advantage of the London trading time. It seems like they know how to trade technicals. US markets only screw up my good trades. Yesterday’s loss [...]