GBPUSD Crossover Forex Chart Jan 16
January 24, 2009
Another great example of the MMA Crossover method working quite nicely. We see that price falls below the rainbows for the first time around 19:00 GMT and a few hours later goes back above it.
When the market opened again, price started to drift downwards again and for the final time before another superb move.
It’s almost incredible how much money can be made in forex. You see if you had just traded with the trend, you could have caught over 900 pips in 2 days!!! 900 Pips times whatever your lot size on the trade, 1 Lot = $9000. Let’s discuss what could have got us into and/or kept us out of this trade.
Forex Chart EURJPY January 19, 2009
January 19, 2009
Today I was looking at EURJPY 30 Minute chart in Meta Trader. I always tend to keep these 30min charts open but look at 2 Minute charts for exact entry.
The Rainbow MMA Crossover system has you focus on 5Minute charts, but on higher time frames, the signal is much more accurate. Here on January 19, EURJPY ended its corrective up move and began to drift downwards. Once the yellow rainbows flipped over the red, the trend changed directions and resulted in a 400 pip move downward.
Biggest Moving Currency Pairs in Forex
January 13, 2009
Knowing how much a Forex Currency Pair can move in a particular day is a great way to make more pips. A while back I began to wonder which pairs in Forex move the most in a day. So, I researched the topic and came up with a few different things that tell you how to find the biggest movers in Forex. If you get a spread over 5 pips, for any pair, then you really want to consider if that’s worthwhile if you’re day trading, swing trading, or scalping the spread will matter. The Bank of Japan has the greatest buying and selling power of all central banks in the world and has a great interest in seeing Read more
China’s Foreign Exchange Reserves Fall in 2008
December 27, 2008
Looks like the worldwide recession is starting to effect China’s Forex Reserves as well. It was reported this weekend that China’s foreign exchange reserves have declined for the first time since 2003 after reaching $1.9 trillion at the end of September 2008. China’s amount of reserves has been rising by hundreds of percent annually and this recent decline may indicate further slipping of the vast amount of reserves the country had amassed.
This chart displays how the Yuan has been gaining on the US Dollar for months and in recent weeks has levelled out. The recent dollar strength can be seen not only against the Yuan, but many other currencies.
One party official attributed the decline in forex reserves to the slowdown in appreciation of the Yuan against many currencies and the short-term depreciation of the Yuan against the USD. It is also due to the increase of foriegn investment by Chinese companies leaving less money in the hands of investors.
- http://www.chinadaily.com.cn/china/2008-12/24/content_7335345.htm [↩]
Bond Spreads In Forex
February 1, 2008
