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Forex Trading Forum » Recent Posts http://countingpips.com/forexforums/ Forex Trading Forum and Discussion Boards en Sat, 04 Feb 2012 18:09:23 +0000 generals on "news and reviews of EXNESS" http://countingpips.com/forexforums/topic/news-and-reviews-of-exness#post-1107 Fri, 03 Feb 2012 14:18:39 +0000 generals 1107@http://countingpips.com/forexforums/ EXNESS brokerage Metal-Currency Accounts VPS Hosting (remote trading terminal) Rules for depositing and withdrawing funds EXNESS clients have access to the following deposit/withdrawal methods: EXNESS processes deposits/withdrawals using the following payment systems: Moneybookers, Liberty Reserve, Webmoney, AlertPay, CashU, Pecunix, Perfect Money, C-Gold, MoneyMail, RBK Money. Credit cards You may use Visa and MasterCard to deposit funds in your trading account Wire transfers You may deposit funds in your trading account by wire transfer. To execute a wire transfer, use the EXNESS bank account information found in your Personal Area. 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Funds are credited to your trading account within 24 hours of their receipt by the Company. <a href="https://www.exness.com/a/34528" rel="nofollow">https://www.exness.com/a/34528</a> <img src="https://www.exness.com/images/logo.gif"> generals on "City Credit Capital (UK)" http://countingpips.com/forexforums/topic/city-credit-capital-uk#post-1105 Fri, 03 Feb 2012 13:36:30 +0000 generals 1105@http://countingpips.com/forexforums/ To open a demo account, please let me know asddasdgass on "++++( 5000 pip monthly , forex signals,account manage, M E G ) ++++" http://countingpips.com/forexforums/topic/5000-pip-monthly-forex-signalsaccount-manage-m-e-g-1#post-1104 Fri, 03 Feb 2012 07:35:35 +0000 asddasdgass 1104@http://countingpips.com/forexforums/ Frist sharing system in market , for frist time more than 5000 pip monthly , not less than 3000 pip monthly , forex signals , forex forecasting , forex account manage , M e g company website : w w w . m e g f x s y s t e m . c o m forex signals, forex account management, forex automated software, forex advisor, forex strategist, asddasdgass on "++++( 5000 pip monthly , forex signals,account manage, M E G ) ++++" http://countingpips.com/forexforums/topic/5000-pip-monthly-forex-signalsaccount-manage-m-e-g#post-1103 Fri, 03 Feb 2012 07:34:51 +0000 asddasdgass 1103@http://countingpips.com/forexforums/ Frist sharing system in market , for frist time more than 5000 pip monthly , not less than 3000 pip monthly , forex signals , forex forecasting , forex account manage , M e g company website : w w w ,m e g f x s y s t e m ,c o m forex signals, forex account management, forex automated software, forex advisor, forex strategist, IFX Yana on "InstaForex - the Best Broker in Asia" http://countingpips.com/forexforums/topic/instaforex-the-best-broker-in-asia#post-1101 Thu, 02 Feb 2012 09:54:53 +0000 IFX Yana 1101@http://countingpips.com/forexforums/ FX-1 Rally: Speed, Money, Euphoria! 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Now we introduce the winners of the latest Friday race: 1 место – Bambang Riyanto (8829102) - 500 USD 2 место – Erialda Braca (8836813) - 400 USD 3 место – Bejo Wahono (8834905) - 300 USD 4 место – Aleksandr Sasyuk (8836586) - 200 USD 5 место – Irina Medvedeva (8836125) - 100 USD Feel the speed of trading together with the best broker in Asia! <a href="http://instaforex.com/contest_forex_rally.php">Contest statistics</a> <a href="http://instaforex.com/contest_forex_rally_reg.php">Registration page</a> <a href="http://blog.instaforex.com/?page_id=57">Photos and comments of the finalists</a> GIGFX on "GIGFX Daily Technical Report" http://countingpips.com/forexforums/topic/gigfx-daily-technical-report/page/13#post-1100 Thu, 02 Feb 2012 05:19:25 +0000 GIGFX 1100@http://countingpips.com/forexforums/ Thursday February 2nd 2012 GIGFX Technical Analysis Report EUR/USD Yesterday, the common currency tried to decline but it rose against the U.S. dollar after holding the support level 1.3080 to test the bottom border of the bullish channel that has been broken previously, now, the pair is trying to trades above the top border of the channel and if the pair succeeded to do so, it should break the resistance level 1.3245 to confirm this bullish move then it may target the level 1.3350, on the other hand, if the level 1.3245 held, the pair will decline outside the range of the channel targeting to break the level 1.3080 then it may target the level 1.3000 followed by 1.2925. Res: 1.3242 1.3325 1.3432 Pivot: 1.3135 Sup: 1.3052 1.2945 1.2862 GBP/ USD The Sterling formed a new bottom yesterday for the near-term at the support level 1.5735 coinciding area with the bullish channel’s lower border in which the pair is still moving inside it for the near and mid-terms, the pair rose from this bottom breaching the resistance level 1.5805 till it achieved the highest price at the level 1.5885 by coinciding with the channel’s top border, the pair tried during the last intraday trades completing the top at the level 1.5885 to decline again in order to retest the level 1.5805 which became a support level, moreover it’s expected with breaching up the level 1.5885; the pair will rise again till the next resistance level 1.5940. This scenario depends on the stability of the support level 1.5805. Res: 1.5908 1.5983 1.6084 Pivot: 1.5807 Sup: 1.5732 1.5631 1.5556 USD/CHF The pair failed to break the resistance level 0.9225 which represents 23.6% of fibonacci's correction level for the bearish wave (From 0.9575 to 0.9115) which led the pair to decline again breaking the support level 0.9160 and reached the support level 0.9120 which coincides with the top border of the bearish channel that has been broken previously, so, it is expected that, the pair will rise to re-test the resistance level 0.9225 but under the condition of breaking the resistance level 0.9160. The stability of these expectations requires holding the support level 0.9120. Res: 0.9230 0.9307 0.9365 Pivot: 0.9172 Sup: 0.9095 0.9037 0.8960 USD/JPY During the previous trades; the USD/JPY pair was confined between the resistance level 76.35 which represents the top border and the support level 76.05 which represents the lower border, so breaching one of those borders is expected in order to determine the pair’s next direction, if the pair broke the support level 75.05 so it will target the support level 75.90 as a 1st target then the support level 75.75 as a 2nd target, but in case of breaching the resistance level 76.35 thus the pair will target the resistance level 76.52 as a 1st target then the resistance level 76.65 as a 2nd target. Res: 76.35 76.51 76.68 Pivot: 76.18 Sup: 76.02 75.85 75.69 AUD/USD After testing the AUD/USD pair the level 1.0580 for the second consecutive time during the previous trades coincided with the bullish channel’s lower border through the previous report, the pair rose by breaching the level 1.0686 which represents the complement head and shoulders pattern’s neckline for the bullish direction which was expected in case of breaching it; that the pair will target the resistance level 1.0750 then the level 1.0845 representing the final target, this depends on the stability of the level 1.0686, in case of trading the pair below it thus it will decline retesting the level 1.0580, moreover it also means breaching the channel’s lower border and sharpness the probability of retreating the pair in order to test the support levels as 1.0470 then 1.0365. Res: 1.0771 1.0840 1.0942 Pivot: 1.0669 Sup: 1.0600 1.0498 1.0429 alayoua on "Daily Forex Market by FXCC 02Feb2012" http://countingpips.com/forexforums/topic/daily-forex-market-by-fxcc-02feb2012#post-1099 Thu, 02 Feb 2012 03:55:00 +0000 alayoua 1099@http://countingpips.com/forexforums/ Daily Forex Market by FXCC 02Feb2012 MARKET OVERVIEW – FEBRUARY 02 2012 Cable puts on over 600 pips inside two weeks The dollar was at $1.3169 per euro as of 8:13 a.m. in Tokyo from $1.3161 in New York yesterday. It slid to $1.3234 on Jan. 27, the lowest since Dec. 13. The yen dipped 0.1 percent to 100.35 per euro after losing 0.5 percent yesterday. The Japanese currency was little changed at 76.19 per dollar and within only one yen of a record high set on Oct. 31 suggesting further BOJ intervention (by selling the yen) is only a matter of time. The GB pound traded above the 1.5800 mark, levels not seen since past November 2011. After bottoming at 1.5236 past Jan 13th, the pair has seen a steady winning strike adding over 600 pips during the past 2 weeks. The Swiss Franc bounced from the low of 0.9115 on Wednesday, the lowest level seen since December 2nd and the December 27 low. The pair began to rise at this level to gain 50 pips reaching prices above 0.9150, however, in early Asian trading the pair is now back printing quotes at 0.91340. UPCOMING EVENTS 2012-02-02 00:30 GMT | Australia Trade Balance (Dec) 2012-02-02 07:00 GMT | Switzerland Trade Balance (Dec) 2012-02-02 10:00 GMT | EU - Producer Price Index (YoY) (Dec) 2012-02-02 10:00 GMT | EU - Producer Price Index (MoM) (Dec) FOREX NEWS 2012-02-02 05:35 GMT | EUR/USD capped by 1.3200 in Asia 2012-02-02 05:14 GMT | EUR/JPY; bullish key reversal pattern confirmed 2012-02-02 00:33 GMT | Australia Dec Trade Balance 1.71B 2012-02-02 00:32 GMT | Australia Building Permits (MoM) -1% in Dec EURUSD 1.31752 / 1.31758 DAILY WEEKLY MONTHLY High: 1.31965 | Low: 1.31583 | Chg: 0.0015 0.11% <img src="https://support.fxcc.com/email/technical/02022012/EURUSD.gif"> Resistance Levels :1.3372 | 1.3332 | 1.3267 | 1.3234 Support Levels : 1.3133 | 1.3075 | 1.3024 | 1.2962 SUMMARY up TREND up trend MA10 neutral MA20 neutral STOCHASTIC neutral -------------- MARKET ANALYSIS - Intraday Analysis EURUSD made a high at 1.3218 just a few pips away from the year high and our first resistance 1.3234 (R1) as it continued its move upwards (since January 13th). Going above the nearest resistance level at 1.3234 (R1) would confirm continuation of the bullish trend, towards the next objective upwards 1.3267 (R1). And if the price holds its momentum on the upside we can expect a further rise towards 1.3332 (R3). On the other hand, if the price does not manage to break above 1.3234 (R1) then we can expect the pair to retest support at 1.3133 (S1) and a further fall will be limited to 1.3075 (S2). GBPUSD 1.58478 / 1.58493 DAILY WEEKLY MONTHLY High: 1.58573 | Low: 1.58256 | Chg: 0.0015 0.09% <img src="https://support.fxcc.com/email/technical/02022012/GBPUSD.gif"> Resistance Levels : 1.5984 | 1.5967 | 1.5924 | 1.5882 Support Levels : 1.5798 | 1.5704 | 1.5653 | 1.5551 SUMMARY up TREND up trend MA10 neutral MA20 neutral STOCHASTIC Overbought -------------- MARKET ANALYSIS - Intraday Analysis GBPUSD raised sharply yesterday and continued in rise from 1.5704 (S2) forming a top at 15882 (R1). If GBPUSD break above that level, we can expect target at 1.5924 (R2). Further rise will then focus on 1.5967 (R3). On the downside, decline below current support level 1.5798 (S1) will confirm our short positions towards 1.5704 (S2). Deeper fall will be probably be limited at 1.5653 (S3) support. USDJPY 76.123 / 76.127 DAILY WEEKLY MONTHLY High: 76.212 | Low: 76.107 | Chg: -0.087 -0.11% <img src="https://support.fxcc.com/email/technical/02022012/USDJPY.gif"> Resistance Levels : 78.67 | 78.13 | 76.79 | 76.42 Support Levels : 76.01 | 75.53 | 75.03 | 74.51 SUMMARY Down TREND sideway MA10 bearish MA20 Bearish STOCHASTIC overbought -------------- MARKET ANALYSIS - Intraday Analysis The USDJPY still trapped in range area of 76.42 – 76.01. A break in either direction will determine the trading bias in today’s session. Break below 76.01 will confirm our short positions targeting 75.53 (S2) and further fall will be limited at 75.03 (S3). On the other hand, a break above the first resistance level 76.42 (R1) will expect t the price to retest 76.79 (R2). In a longer time frame the pair is in a downtrend and both of our Moving Averages are bearish therefore wait for a break below 76.01 (S1) and then open a short position targeting second support level. A stop loss should be placed above 76.79 (R2). Source: FX Central Clearing Ltd, (<a href="http://www.fxcc.com" rel="nofollow">http://www.fxcc.com</a>) URL: <a href="https://support.fxcc.com/email/technical/02022012" rel="nofollow">https://support.fxcc.com/email/technical/02022012</a> smtt1 on "How to triple your profits in 2012..." http://countingpips.com/forexforums/topic/how-to-triple-your-profits-in-2012#post-1098 Wed, 01 Feb 2012 11:20:02 +0000 smtt1 1098@http://countingpips.com/forexforums/ People have been profiting and trying to get their hands on this system like crazy... But because you get direct access to Alberto Pau and Ron J. 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Plus they released Forex Trading Apprentice to help traders. So they want it to be available to everyone. Consider this... If this system makes even 10% of the profits it has made for their traders. That's all you will need for the rest of your life. Plus you'll quickly make back your money in no time. If you miss out on this opportunity it may be another 6-12 months before they can let any more people in. So grab your risk-Free copy now before it's too late: => <a href="http://forextradingapprentice.com/go.php?aff=globalmarketing" rel="nofollow">http://forextradingapprentice.com/go.php?aff=globalmarketing</a> If you're still on the fence here is how some people like you have been SNATCHING pips with the Forex Trading Apprentice... "Alberto! THANK YOU SO MUCH! [...] I got up this morning and it was still running. So I closed out the position at 0.95078 for a 893 pip profit. And at the time of this posting, it is still running a profit at 0.95198. Once again, Thank you so very much!" Kevin Hazelton, Forest Hill, Louisiana "I set up the FPS yesterday using 1 hour chart EURUSD.I place a sell order at 1.29976 and it have gotten to 1.27889 which is 2090 pips and the market is still selling. [...] I look forward to your FTA system." Bamidele Aiyekoribe "I took about 14 trades with the forextradingapprentice, out of which 12 were profitable. And it's without using a big stop loss.. in fact in most trades I only risked 11-13 pips!" Joseph Walker, Los Angeles, California "hi Aberto, I'm trying the FPS and it is doing well. 2 winning trades so far 24 pips and 13 pips on 15 min chart. Thanks" Salia Ouattara So go ahead and check out the Forex Trading Apprentice right now...this is the very system that these traders used to make over $38 million dollars for the world's largest banks. You just saw how anyone can make money with this system... => <a href="http://forextradingapprentice.com/go.php?aff=globalmarketing" rel="nofollow">http://forextradingapprentice.com/go.php?aff=globalmarketing</a> traderf on "TradeFort - New Broker (TradeFort.com)" http://countingpips.com/forexforums/topic/tradefort-new-broker-tradefortcom#post-1097 Wed, 01 Feb 2012 08:11:06 +0000 traderf 1097@http://countingpips.com/forexforums/ Bonus on every deposit from 10 up to 50 % TradeFort always strives to make your trading more convenient and efficient. For this purpose we have developed the unique system of bonus accruals (unique conditions - up to 50% of every deposit) which will help you to maintain position in the market at difficult times, to protect investments and to enable your aggressive increase in trades volumes and profits when you catch the right trend. For more info click this <a href="http://www.tradefort.com/clients/bonus/deposit_bonus?a12340a">http://www.tradefort.com/clients/bonus/deposit_bonus/</a> alayoua on "Daily Forex Market by FXCC 01Feb2012" http://countingpips.com/forexforums/topic/daily-forex-market-by-fxcc-01feb2012#post-1096 Wed, 01 Feb 2012 04:19:34 +0000 alayoua 1096@http://countingpips.com/forexforums/ Daily Forex Market by FXCC 01Feb2012 MARKET OVERVIEW – FEBRUARY 01 2012 EUR/USD slips to five day lows due to a flight to safety The euro traded at $1.3090 as of 8:00 a.m. in Tokyo from $1.3084 in New York yesterday where it slid by 0.5 percent. The seventeen nation shared common currency was little changed at 99.88 yen after touching 99.55 yesterday, the lowest price seen since Jan. 23. The dollar bought 76.31 yen from 76.27. USD/JPY dipped to as low as 76.15 on Tuesday, extending its decline to a fresh 3-month low. GBP/USD rallied to a zone at circa 1.5795 on Tuesday, reaching fresh 2-month highs from an earlier low of 1.5697. The pair ended the American session at 1.5754, 0.3% above its opening price. The amount of retail FX traders who are long Euro vs the Swissy has hit record highs according to the team at Daily FX, most expect that the Swiss National Bank will defend their stated Euro/Swiss Franc exchange rate at SFr 1.2000. Over 96% of retail traders are long. NZD/USD opened Wednesday’s Asia-Pacific session with a bid appearance after peaking and closing at its highest price in four months. The pair climbed to the 0.8300 price zone overnight, up from a low of 0.8176. NZD/USD ended the American session at 0.8259, 0.85% up on the day. The Australian dollar surrendered most of its earlier gains versus the U.S. dollar on Tuesday, retreating sharply from the 1.0680 price zone. AUD/USD ended trade in New York at 1.0618, gaining 0.20% on the day.. The USD/CAD ended Tuesday with modest gains. The pair leapt from 3-month lows at 0.9962 to 1.0051. UPCOMING EVENTS 2012-02-01 01:00 GMT | China NBS Manufacturing PMI (Jan) 2012-02-01 07:00 GMT | UK - Nationwide Housing Prices n.s.a (YoY) (Jan) 2012-02-01 08:53 GMT | Germany Purchasing Manager Index Manufacturing (Jan) 2012-02-01 09:00 GMT | EU - Purchasing Manager Index Manufacturing (Jan) FOREX NEWS 2012-02-01 06:25 GMT | USD/JPY investors patiently await cues from BoJ 2012-02-01 01:09 GMT | Aussie underpinned after 50.5 China Manuf PMI 2012-02-01 01:01 GMT | China Jan NBS Manufacturing PMI up to 50.5 2012-02-01 00:03 GMT | Australia Dec HIA New Home Sales (MoM) -4.9% -------------- EURUSD 1.30373 / 1.30380 High: 1.30906 | Low: 1.30325 | Chg: -0.0044 -0.34% SUMMARY: Up INTRADAY TREND: Upward penetration MA10: Bullish MA20: Bearish STOCHASTIC: Overbought <img src="https://support.fxcc.com/email/technical/01022012/EURUSD.gif"> Resistance Levels: 1.3274 | 1.3233 | 1.3161 | 1.3090 Support Levels: 1.3050 | 1.2988 | 1.2931 | 1.2877 Intraday Analysis: EURUSD made a sharp move downwards and formed a bottom at 1.3050 (S1) a strong technical support level. It now seems that it is going to retest 1.3050 (S1). A break below that level will be suggesting target at 1.2988 (S2) as we are in a correction phase of our uptrend. On the other hand if the price manages to break above 1.3090 (R1) we will then expect the price to retest 1.3161 (R2) and then further rise will then approach towards 1.3233 (R3). --------------- GBPUSD 1.57329 / 1.57334 High: 1.57666 | Low: 1.57277 | Chg: -0.0027 -0.17% SUMMARY: Down INTRADAY TREND: Downtrend MA10: Bearish MA20: Bearish STOCHASTIC: Neutral <img src="https://support.fxcc.com/email/technical/01022012/GBPUSD.gif"> Resistance Levels: 1.6027 | 1.5945 | 1.5860 | 1.5726 Support Levels: 1.5626 | 1.5656 | 1.5552 | 1.5515 Intraday Analysis: GBPUSD has successfully broke above yesterday resistance 1.5726 and formed a top at 1.5796 (R1) and now it seems that it is heading towards 1.5656 (S2) for a correction. Fail to break below first support level then we will expect the price to retest 1.5796 (R1) and then further rise will limit to 1.5860 (S2). Our recommendations for today’s session is short positions targeting 1.5656 (S2) with a stop loss above 1.5796 (R1). ------------- USDJPY 76.225 / 76.230 High: 76.308 | Low: 76.145 | Chg: -0.037 -0.05% SUMMARY: Neutral INTRADAY TREND: Side way MA10: Bearish MA20: Bearish STOCHASTIC: Neutral <img src="https://support.fxcc.com/email/technical/01022012/USDJPY.gif"> Resistance Levels: 78.28 | 77.84 | 77.28 | 76.63 Support Levels: 75.54 | 75.04 | 74.58 | 74.13 Intraday Analysis: USDJPY it is moving in trading range between the levels of 76.41 and 76.14. A break above upper level we be suggesting target at 77.28 (R2). On the other hand if the price breaks below lower level 76.14 then it will confirm our short position targeting 75.54 (S1) a technical and psychological level as it is a record low since 20 Oct. 2011. Source: FX Central Clearing Ltd, (<a href="http://www.fxcc.com">http://www.fxcc.com</a>) URL: <a href="https://support.fxcc.com/email/technical/01022012">https://support.fxcc.com/email/technical/01022012</a> GIGFX on "GIGFX Daily Technical Report" http://countingpips.com/forexforums/topic/gigfx-daily-technical-report/page/13#post-1095 Wed, 01 Feb 2012 04:18:56 +0000 GIGFX 1095@http://countingpips.com/forexforums/ Wednesday February 1st 2012 GIGFX Technical Analysis Report EUR/USD The single currency advanced against the U.S. dollar during the last trades to test the bottom border of the bullish wedge pattern then it declined to reach the resistance level 1.3245 breaking the bottom border of the bullish channel then it is trading around the support level 1.3080 which shifted the previous expectations of rising the pair during the near-term trades to continue its long and mid-term bearish direction, it is also noticed that, the pair formed the reversal head and shoulders pattern whereas the support level 1.3080 is the neckline of the pattern that if the pair held below, it is expected to decline targeting the level 1.3000 followed by the level 1.2925 which represents the taget of the harmonic pattern head and shoulders and also it coincides with the target of breaking the bullish channel but under the condition of holding the pair below the level 1.3080 that if the pair held above, the pair will re-test the bottom border of the broken channel with forming bearish tops that the pair will use it to break the level 1.3080. Res: 1.3184 1.3284 1.3354 Pivot: 1.3114 Sup: 1.3014 1.2944 1.2844 GBP/ USD Yesterday, the Sterling achieved the highest price at the level 1.5796 near 1.5805 which was expected to reach it before, in case of breaking up the level 1.5735; thus the pair is still forming the bullish directions for the mid and near-terms which is embodied through the movement inside the bullish channel, through the last bullish move there was a bearish move for the RSI index which refers of appearance a negative reversal divergence for the bullish direction, thus the pair retested the nearest support levels during the last intraday trades then the level 1.5735 which became a support level, it’s expected that the price will coincide at it with the bullish channel’s lower border, moreover a further correction drop is expected in case of breaking down the coinciding area, the pair will initially target the support level 1.5665. This scenario depends on the stability of the resistance level 1.5805. Res: 1.5804 1.5849 1.5903 Pivot: 1.5750 Sup: 1.5705 1.5651 1.5606 USD/CHF The pair failed to break the support level 0.9120 and rose again breaking the resistance level 0.9160 which coincides with the top border of the bearish channel for near-term trades and reached the resistance level 0.9225 which represents 23.6% of fibonacci's correction level for the last bearish wave (From 0.9575 to 0.9115) and coincides also with the first target of breaking the top border of the bearish channel, it is expected that, the pair will continue rising targeting the resistance level 0.9290 which represents 38.2% of the same correction levels and coincides with the final target of breaking the top border of the bearish channel but under the condition of breaking the resistance level 0.9225 with the probability that the pair may decline to re-test the support level 0.9160. The stability of these expectations requires holding the support level 0.9160. Res: 0.9244 0.9289 0.9350 Pivot: 0.9183 Sup: 0.9138 0.9077 0.9032 USD/JPY The USD/JPY pair formed a bearish triangle complement pattern for the bearish direction during yesterday trades, so it’s expected that it will continue declining during the intraday trades affected by this pattern, it may target the support level 75.66 but only in condition of breaking the support level 76.12 which represents the pattern’s lower border then breaking the support level 75.88. Res: 76.40 76.55 76.68 Pivot: 76.27 Sup: 76.12 75.99 75.84 AUD/USD The AUD/USD pair declined during the previous trades near the mentioned bullish channel with retesting the support level 1.0580, whereas the pair formed a head and shoulders complement pattern for the mid-term bullish direction in which it is moving in, which came after testing the pair the resistance level 1.0686 it formed the pattern’s neckline which in case of breaking it thus it’s expected that the pair will target the resistance level 1.0750 then the resistance level 1.0845 representing the final target, with the probability of declining the pair and breaking the support level 1.0580, in condition of breaking the bullish channel’s lower border which pushed the pair down in order to target the support levels 1.0470 then 1.0365 which is the target of breaching the channel. Res: 1.0676 1.0732 1.0782 Pivot: 1.0626 Sup: 1.0570 1.0520 1.0464 smtt1 on "(LAST CHANCE) Get the Forex Speed Profits System FREE" http://countingpips.com/forexforums/topic/last-chance-get-the-forex-speed-profits-system-free#post-1094 Tue, 31 Jan 2012 08:04:36 +0000 smtt1 1094@http://countingpips.com/forexforums/ THIS IS IT! The Forex Trading Apprentice enrolment page CLOSES in exactly 12 hours TONIGHT, at 11:59pm Eastern. Get in here Risk-Free.. <a href="http://globalmarketing.marathon12fta.click2sell.eu" rel="nofollow">http://globalmarketing.marathon12fta.click2sell.eu</a> (Hurry!) 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They're closing this at 11:59PM Eastern today. alayoua on "39% Of Forex Traders Are Profitable" http://countingpips.com/forexforums/topic/39-of-forex-traders-are-profitable#post-1093 Tue, 31 Jan 2012 07:18:38 +0000 alayoua 1093@http://countingpips.com/forexforums/ I hope you’re OK reader, after all that must have come as quite a shock. Now you’ve picked yourself up the floor, after reading the article title, which is a fact (well kinda), we’ll dwell on the subject at hand; why do so many lose at trading forex and what are the adjustments so many have to make in order to be in that top forty percent of winners? OK, before we go any further let’s firstly deal with the 39% of winning traders quote. The fact comes as courtesy of forexmagnates in their redux lite version of a report covering the profitability and performance of USA based forex brokers. The leading figure was 39.1% client profitability from a broker who had circa 24,000 active accounts. There’s also other interesting snippets of information that are worth noting before we move on. <img src="http://blog.fxcc.com/wp-content/uploads/2012/01/39-percent-of-forex-traders-are-profitable.jpg"> There was a steep fall in the number of accounts and activity levels in 2011 whilst the percentages of profitable traders increased. This could suggest a couple of interesting points, firstly are we collectively getting better at what we do? Or (and it’s not mutually exclusive) have a lot of ‘amateurs’ left the arena, gone back to the day job, leaving the numbers to be enhanced by the superior or more proficient traders? More importantly the number of brokers has shrunk, only the fittest of traders aided by most regulatory compliant firms will thrive. * Number of forex accounts held with US forex brokers drops by more than 11,000 to all time low of 97,206 * Clients’ profitability is up 6.4% on average, second consecutive quarter that profitability is improvin The US retail forex industry is now showing obvious signs of slow down, the number of non-discretionary retail forex accounts held with US based reporting brokers down to record 97,206, the lowest count reported since Q3 2010 when first such report was released. The extreme regulatory climate has made it extremely difficult for American brokers to attract new clients. However, out of the top ten forex clients listed the lowest recorded level of profitability was circa 32%. It’s fascinating how many of us would receive a paradigm lightening bolt to our pre-conceptions when hit with the kind of figure that led this article. I’m not alone in taking ‘at face value’ some of the data and assumptions that come our way as forex traders. Instinctively I ‘knew’ that the unsubstantiated figure often hurled around trading forums; that only 10% of traders are profitable, was nonsense. Having enquired at director level and read a comprehensive investors intelligence report, the reasonable figure for success was estimated at 20%, double the previous assumption, but 39% certainly took many by surprise the first time it was published, even more so that the top ten USA brokers have clients enjoying a 32% success rate. There is, however, a caveat, my twenty percent figure includes spread betters who could in theory be skewing the data due to being much worse traders (en masse) than pure play forex traders, a theory worth examining at a later date. A question often raised by these type of success stats is “are a tiny percentage of successful traders distorting these figures?” But generally percentages, averages and the distribution of random data doesn’t work like that, and we should already know this being traders. If circa 40% of trades are profitable then the figure for the percentage of actual traders being profitable will be fairly close to that number. In the first paragraph we posed the question why are so many traders unprofitable? Well armed with this new information I wonder if that assumption shouldn’t be examined in more detail. Firstly, out of the circa 97,000 live accounts held in the USA roughly one third are profitable, now not all of these account holders will be full time dedicated sole occupation forex traders, some accounts would be used as ‘punting’ accounts, folk who bet as opposed to trade (and we can save the obvious cerebral discussion on the difference for another time). It’s impossible to gauge that breakdown of actual numbers of profitable traders from the information and data, but a figure above 50% would be a fairly safe bet and let’s just take our logic a stage further; in order to be full time, (for some time), the vast majority would have to be profitable, otherwise they’d simply give up the job. It’s interesting to note the further away we’re moving from this fantasy 10% figure the more we analyse a small piece of hard (audited) data. There’s another aspect to this debate on success that’s also worth mentioning, perhaps supporting the view that FX is the best environment to trade in. If the wider trading success figure is closer to 20%, but the top ten USA FX brokers’ clients are all above 32%, then are we being delivered an obvious message there? If you want to enhance the probability of being a profitable trader then trade FX over and above equities, or indices and only consider using (dare I say it) an ECN/STP broker such as FXCC. Here’s my own take on a more human level so to speak; I refuse to accept that anyone who has gone through my pain barriers over the past five years or so, who has gone to the extremes of discovery I realised was compulsory in order to become a consistently profitable forex trader, wouldn’t ultimately be successful and by successful I’d suggest a metric of taking a regular and reasonable salary or investment return of the forex market. And as I’ve stated on numerous occasions unless you attack our ‘forex challenge’ full time you’ll never ‘kick off the shoes’ and trade part time in a laid back fashion, that’s a luxury that only comes from experience. Back to the question posed in the initial paragraph; “why do so many lose at trading forex and what are the adjustments so many have to make in order to be in that top forty percent of winners?” I’ll leave you with six reasons and please feel free to join in on the blog with your own suggestions or additions. Now I’m not about to ‘eulogise’ on the reasons and of provide solutions, it’s a straightforward list and there’s no riddle, the answers are there, the solution evident. But firstly a recap, if close on forty percent of traders are successful then success as a profitable forex trader may be more in reach than you’d first envisaged. And that one figure, far higher than most would have anticipated, should be heralded as encouragement for fledgling traders. Six Reasons For Failure Read the full story Source: FX Central Clearing Ltd, (<a href="http://blog.fxcc.com" rel="nofollow">http://blog.fxcc.com</a> FXCC Blog) URL: <a href="http://blog.fxcc.com/39-of-forex-traders-are-profitable" rel="nofollow">http://blog.fxcc.com/39-of-forex-traders-are-profitable</a> Globe Gain on "Only regulated brokers. Globe Gain – Forex Rebate Service." http://countingpips.com/forexforums/topic/only-regulated-brokers-globe-gain-%e2%80%93-forex-rebate-service/page/2#post-1092 Tue, 31 Jan 2012 07:14:52 +0000 Globe Gain 1092@http://countingpips.com/forexforums/ Dear friends, Globe Gain has recently listed FX Solutions UK, an affiliate company of FX Solutions, LLC. FX Solutions UK is registered in England and Wales and authorized by the Financial Service Authority (FSA). It provides CFD and Forex trading with high-quality order execution, a proprietary price feed and competitive fixed-spread pricing which results in consistently low executable spreads. Sign up with FX Solutions UK via Globe Gain and get $10 rebates for each trade you make! -- Kind regards, Troy Bening <a href=""http://globegain.com"">Globe Gain Forex Rebates</a> GIGFX on "GIGFX Daily Technical Report" http://countingpips.com/forexforums/topic/gigfx-daily-technical-report/page/13#post-1091 Tue, 31 Jan 2012 04:18:38 +0000 GIGFX 1091@http://countingpips.com/forexforums/ Tuesday January 31st 2012 GIGFX Technical Analysis Report EUR/USD As it was expected, the single currency declined against the U.S. dollar and re-tested the support level 1.3080 coinciding with the bottom border of the bullish channel then it reflected from these levels to continue rising during the last near and intraday trades, it is expected that the pair will continue rising targeting to re-test the resistance level 1.3245 and trying to break it with holding above it targeting the level 1.3350, holding the bottom border of the channel and the support level 1.3080 will push the pair to continue rising, but if the pair traded below the bottom border of the channel and with holding the pair below the level 1.3080, the pair will decline to re-test the near support levels such as 1.2980 and 1.2912. R3 R2 R1 P S1 S2 S3 1.3250 1.3224 1.3211 1.3185 1.3172 1.3146 1.3133 GBP/ USD During yesterday trades the Sterling formed a new bullish bottom at the support level’s 1.5665 coinciding area with the channel’s lower border which is embodying the bullish directions for the mid and near-terms, the pair used this bullish move again till reached the resistance level 1.5735 which represents the previous mentioned reversal pattern’s top; whereas it wasn’t confirmed after failing the pair to break down its base at the support level 1.5665, the next trades will be stopped at the resistance level 1.5735, breaching up this level with having a good close may extend the bullish move in order to reach the resistance level 1.5805, but in case of the resistance level 1.5735 stability a 3rd top will be formed at the same level will gives the probability of appearance the (three consecutive tops) reversal pattern, moreover breaching down the bullish channel’s lower border and the support level 1.5665; the pair will decline till the level 1.5595 as an initially target for the probable pattern. R3 R2 R1 P S1 S2 S3 1.5827 1.5781 1.5745 1.5699 1.5663 1.5617 1.5581 USD/CHF As it was expected, the pair rose to re-test the resistance level 0.9205 which coincides with the top border of the bearish channel in which the pair is moving, the pair failed to continue rising and retreated breaking the support level 0.9160 so it is expected that, the pair will continue declining to re-test the support level 0.9110 and if the pair broke this level it will decline targeting the support level 0.9060 which coincides with the bottom border of the bearish channel but under the condition of breaking the support level 0.9110 with holding below it. The stability of these expectations requires holding the resistance level 0.9160. R3 R2 R1 P S1 S2 S3 0.9301 0.9255 0.9212 0.9166 0.9123 0.9077 0.9034 USD/JPY The USD/JPY pair broke yesterday the support level 76.53, thus it’s expected during the next intraday trades that the pair will continue declining with targeting the support level 74.82 which represents 200% from the same previous mentioned Fibonacci levels in condition of breaking the support level 75.46, but in case of breaking the pair the resistance level 76.53 thus it will target the resistance level 77.40 which represents 50% Fibonacci retracement correction level for the bullish direction, in condition of breaking the resistance levels 76.95 and 77.20. R3 R2 R1 P S1 S2 S3 77.24 77.00 76.67 76.43 76.10 75.86 75.53 AUD/USD The AUD/USD pair declined during the previous trades, it faced the bullish channel’s lower border, in order to rise again after formed a bullish bottom at the support level 1.525 pushed the pair up breached the level 1.0850 again with a try to reach the resistance level 1.0686 which in case of breaking it thus it’s expected that the pair will target the resistance level 1.0751 which represents the last top for the pair in which was formed since last October and may break it, this depends on the nearest support levels stability with the mentioned lower border, whereas breaking the pair the level 1.0525 with the stability below the level 1.0494 which represents 76.4% Fibonacci retracement correction level for the bearish move (from 1.0751 to 0.9662) may push the pair down, moreover it may target the level 1.0335 represents 61.8% from the same previous mentioned Fibonacci level. R3 R2 R1 P S1 S2 S3 1.0785 1.0718 1.0658 1.0591 1.0531 1.0464 1.0404 alayoua on "Daily Forex Market by FXCC 31Jan2012" http://countingpips.com/forexforums/topic/daily-forex-market-by-fxcc-31jan2012#post-1090 Tue, 31 Jan 2012 03:41:42 +0000 alayoua 1090@http://countingpips.com/forexforums/ Daily Forex Market by FXCC 31Jan2012 MARKET OVERVIEW – JANUARY 31 2012 Futures traders increase net shorts on the euro-dollar The yen appreciated by 1% to 100.34 per euro by 5 p.m. New York time on Monday evening having earlier touched 99.99, the lowest level witnessed since Jan. 23. The Japanese currency strengthened 0.5 percent to 76.35 per dollar, reaching 76.22. Traders will recall that the yen touched 75.35 yen on Oct. 31st, this set a post World War II record low. After falling below 76.50 and reaching a 3-month low at 76.20, USD/JPY was unable to bounce above the 76.30 level and has been trading trapped in a tight range between 76.25 and 76.30. Price is currently printing at circa 76.30. The euro declined 0.1 percent to 1.20528 Swiss francs after sliding to 1.20405, the weakest level seen since Sept. 19th. The EUR/CHF did then recover after hitting the 4-month low. The Euro rose up after reaching its lowest level in 4 months versus the Franc, climbing back above the 1.2050 level as investors awaited positive news from the EU summit. After gaining ground for ten successive days, GBP/USD finally managed to end it's secular bullish run trading in New York at 1.5707 on Monday where it remains in consolidation, having lost a moderate 0.13% on the day. Read More UPCOMING EVENTS 2012-01-31 00:01 GMT | United Kingdom Gfk Consumer Confidence (Jan) 2012-01-31 07:00 GMT | Germany Retail Sales (YoY) (Dec) 2012-01-31 08:55 GMT | Germany Unemployment Rate s.a. (Jan) 2012-01-31 10:00 GMT | European Monetary Union Unemployment Rate (Dec) FOREX NEWS 2012-01-31 05:02 GMT | Japan Dec Housing Starts (YoY) -7.3% 2012-01-31 00:31 GMT | Australia National Australia Bank's Business Confidence increase to 3 in Dec. 2012-01-31 00:04 GMT | Japan: Industrial production flat, 2.5% increase predicted in January 2012-01-31 00:02 GMT | UK - Jan Gfk Consumer Confidence rises to -29 ------- EURUSD 1.31764 / 1.31769 DAILY WEEKLY MONTHLY High: 1.31985 | Low: 1.31334 | Chg: 0.0034 0.25% <img src="https://support.fxcc.com/email/technical/31012012/EURUSD.gif"> Resistance Levels : 1.3347 | 1.3313 | 1.3275 | 1.3234 Support Levels : 1.3133 | 1.3075 | 1.3024 | 1.2962 SUMMARY : up TREND : up trend MA10 : Bullish MA20 : bullish STOCHASTIC : overbought MARKET ANALYSIS - Intraday Analysis The EURUSD moved upwards and managed to stay above yesterday’s support 1.3075 (S2) and now it is moving towards 1.3234 (R1). A break above that level, we are suggesting a further rise towards 1.3275 (R2) and then 1.3313 (R3). On the other hand, if the price manages to hold below 1.3234 (R1) then we can expect retest of 1.3133 (S1) and then we will focus on 1.3075 (R2). ------- GBPUSD 1.57359 / 1.57368 DAILY WEEKLY MONTHLY High: 1.57423 | Low: 1.56979 | Chg: 0.0026 0.17% <img src="https://support.fxcc.com/email/technical/31012012/GBPUSD.gif"> Resistance Levels : 1.5879 | 1.5845 | 1.5813 | 1.5742 Support Levels : 1.5658 | 1.5626 | 1.5579 | 1.5535 SUMMARY : up TREND : up trend MA10 : Bullish MA20 : bullish STOCHASTIC : Overbought MARKET ANALYSIS - Intraday Analysis GBPUSD found a strong support at 1.5658 (S1) level and this morning the price formed a top at 1.5742.Now it seems to be heading towards level 1.5742 (R1). A break above that level would suggest a target of 1.5813 (R2) and a further rise will then focus on the next target at 1.5845 (R3). On the downside, if the price rebounds from the first resistance level we can expect retesting of 1.5658 (S1), a technical and psychological level. A further decline will then bring focus to the next support level at 1.5626 (S2). ------- USDJPY 76.322 / 76.327 DAILY WEEKLY MONTHLY High: 76.413 | Low: 76.175 | Chg: -0.009 -0.01% <img src="https://support.fxcc.com/email/technical/31012012/USDJPY.gif"> Resistance Levels : 78.28 | 77.55 | 76.89 | 76.42 Support Levels : 75.45 | 75.06 | 74.63 | 74.16 SUMMARY : Down TREND : down trend MA10 : bearish MA20 : Bearish STOCHASTIC : neutral MARKET ANALYSIS - Intraday Analysis USDJPY lost momentum yesterday and it is moving downwards towards our support levels. (R1). A break below 76.00 level will give us a proper confirmation for short positions targeting 75.45 (S1) and 75.06 (S2), as we expect the pair to continue its downwards pressure. A stop loss should be placed above 76.89 (S1). Source: FX Central Clearing Ltd, (<a href="http://www.fxcc.com" rel="nofollow">http://www.fxcc.com</a>) URL: <a href="https://support.fxcc.com/email/technical/31012012" rel="nofollow">https://support.fxcc.com/email/technical/31012012</a> vic on "MT4 account Copier" http://countingpips.com/forexforums/topic/mt4-account-copier#post-1089 Mon, 30 Jan 2012 16:11:53 +0000 vic 1089@http://countingpips.com/forexforums/ MT4 account Copier Second video on <a href="http://multiterminal.net/vd2.html">this page</a> Very good forex account copier explanation. I have tested several, but best one - copier based on mt4 api. I've forgot url for video: copying speed comparison for copier based on api and scripts. If I found, I will post too. NordFX Sage on "NordFX - ECN/STP, MT4, SR, Multiterminal broker" http://countingpips.com/forexforums/topic/nordfx-ecnstp-mt4-sr-multiterminal-broker/page/2#post-1088 Mon, 30 Jan 2012 13:41:29 +0000 NordFX Sage 1088@http://countingpips.com/forexforums/ Dear forum users! Since March 2010 every month holds a two-week "DemoCup" contest. Every month's draw is $3 000. The annual prize fund is $46 000. Anyone may take part in the contest and participation is absolutely free. Would you like to participate? Are you ready to test your luck and strategies? Are you ready to prove the profitability of your trading strategy? Are you ready to win REAL money? If yes, you are at the right spot! For more information visit: <a href=""http://contest.nordfx.com"">contest.nordfx.com</a> :D Date and time of the next contest stage: Start - [b] 06.02.2012 00:00 (server time) Finish - 17.02.2012 22:00 (server time) Results and winners naming - 20.02.2012 [/b] Good luck in trading! :) <a href=""http://NordFX.com"">NordFX.com</a> GIGFX on "GIGFX Daily Technical Report" http://countingpips.com/forexforums/topic/gigfx-daily-technical-report/page/13#post-1087 Mon, 30 Jan 2012 04:20:34 +0000 GIGFX 1087@http://countingpips.com/forexforums/ Monday January 30th 2012 GIGFX Technical Analysis Report EUR/USD The common currency succeeded to continue rising against the U.S. dollar during the last near-term trades facing the top border of the bullish channel and reached the level 1.3245, breaking the last formed top which has been formed on the last December around the level 1.3197 but it failed to hold above this level and it declined correctly forming a near and mid-term bullish wedge, it is expected that, the pair will decline by breaking the bottom border of the bullish wedge pattern testing the near support levels such as the level 1.3080 which may coincide with testing the bottom border of the bullish channel, the pair will continue rising if the support level held, whereas if the pair declined breaking the level 1.3080 it will break the bottom border of the bullish channel which may accompanied with declining the pair targeting the support levels 1.2980 and 1.2912, but holding the bottom border of the channel supports the bullish direction of the pair to targeting to test the level 1.3245 and it may break it to target the level 1.3350. R3 R2 R1 P S1 S2 S3 1.3435 1.3334 1.3281 1.3180 1.3127 1.3026 1.2973 GBP/ USD As observed that, the sterling is still moving inside the bullish channel for the mid and near-terms, during the last intraday trades it formed a new top at the resistance level 1.5735 which is the 2nd consecutive top at the same level; there’s a probability of a bullish reversal (double consecutive tops) pattern appearance; the most important condition for this pattern is breaking down the pattern’s base at the support level 1.5665 thus the pair will continue declining to target the support level 1.5630 initially then the support level 1.5595 as a final target. This scenario depends on the stability of the resistance level 1.5735. R3 R2 R1 P S1 S2 S3 1.5868 1.5804 1.5769 1.5705 1.56700 1.5606 1.5571 USD/CHF The pair continued declining to reach the support level 0.9110 which represents the bottom border of the bearish channel in which the pair is moving as it broke the support level 0.9155 so it is expected that the pair will rise again to re-test the near resistance level reaching the support level 0.9190 which represents the top border of the bearish channel then it will continue declining again but under the condition of breaking the resistance level 0.9155. The stability of these expectations requires holding the support level 0.9110. R3 R2 R1 P S1 S2 S3 0.9304 0.9266 0.9190 0.9152 0.9076 0.9038 0.8962 USD/JPY The USD/JPY pair broke the support level 76.95 which represents 76.4% Fibonacci retracement continuous level for the last bullish wave (from 76.54 to 78.28) during last week trades end, thus it’s expected during the next intraday trades that the pair will continue declining with targeting the support level 75.46 which represents 161.8% from the same previous mentioned Fibonacci levels in condition of breaking the support levels 76.53, 76.07, but in case of breaking the pair the resistance level 76.95 thus it will target the resistance level 77.61 which represents 38.2% Fibonacci retracement correction level for the bullish direction, in condition of breaking the resistance levels 77.20 and 77.40. R3 R2 R1 P S1 S2 S3 78.05 77.76 77.20 76.91 76.35 76.06 75.50 AUD/USD The AUD/USD pair rose during the previous trades, it faced the bullish channel’s top border in order to decline again with retesting the support level 1.0580 during today’s trades, generally the pair is still rising for the next near and mid-terms which is expected that the pair will target the resistance level 1.0751 represents the last top in which was formed since last October and may break this level, this requires of the nearest support levels stability with the mentioned channel’s lower border stability, the probability of retesting the pair the nearest support levels is still remaining, whereas it’s expected that the pair will break the level 1.0580 targeting the level 1.0494 which represents 76.4% to decline (from 1.0751 to 0.9662) coinciding with testing the bullish channel’s lower border. R3 R2 R1 P S1 S2 S3 1.0761 1.0714 1.0684 1.0637 1.0607 1.0560 1.0530 alayoua on "Daily Forex Market by FXCC 30Jan2012" http://countingpips.com/forexforums/topic/daily-forex-market-by-fxcc-30jan2012#post-1086 Mon, 30 Jan 2012 03:23:23 +0000 alayoua 1086@http://countingpips.com/forexforums/ Daily Forex Market by FXCC 30Jan2012 MARKET OVERVIEW – JANUARY 30 2012 Be mindful of SNB moves on the Swiss franc this coming week The euro traded at $1.3213 as of 8:40 a.m. in Tokyo from $1.3220 on Jan. 27 in New York. It strengthened 2.2 percent against the dollar last week. It reached a low of circa 13190.5 in early trading. The common currency was little changed at 101.130 yen, following a 0.1 percent drop on Jan. 27. The dollar fetched 76.74 yen from 76.70. EUR/CHF is now quoted around its session high of 1.2065, up from an earlier low of 1.2058 and up 0.05% so far on the day. GBP/USD has traded in a tight range of 1.5710-35 in Asia, last at circa 1.5720, down approx. 0.08% so far today. AUD/USD is virtually unchanged in early Asia-Pacific trade, holding slightly below the multi-month high of 1.0685, the pair is last quoted at 1.0610 after opening below past Friday’s closing price of 1.0637. UPCOMING EVENTS 2012-01-30 All day | European Monetary Union EU Economic Summit 2012-01-30 | Germany Consumer Price Index (YoY) (Jan) Preliminar 2012-01-30 | Germany Consumer Price Index (MoM) (Jan) Preliminar 2012-01-30 08:00 GMT | Spain - Gross Domestic Product (QoQ) (Q4) FOREX NEWS 2012-01-27 05:54 GMT | EUR/JPY dips to 101.00 2012-01-27 05:32 GMT | EUR/USD below 1.3200 in Asia 2012-01-27 01:39 GMT | Aussie struggling to hold above 1.0600 in Asia-Pacific 2012-01-27 00:49 GMT | USD/JPY recovering from oversold levels ------ EURUSD 1.31532 / 1.31539 High: 1.32241 | Low: 1.31487 | Chg: -0.0065 -0.49% SUMMARY: Up INTRADAY TREND: Uptrend MA10: Bearish MA20: Bearish STOCHASTIC: Oversold <img src="https://support.fxcc.com/email/technical/30012012/EURUSD.gif"> Resistance Levels: 1.3388 | 1.33311 | 1.3268 | 1.3223 Support Levels: 1.3093 | 1.3050 | 1.2952 | 1.2877 Intraday Analysis: The EURUSD continued to rise from 1.3093 (S1) and reached a high this morning at 1.3223 (R1). Following that we can see now that the price is heading for a correction towards the second support level at 1.3050 (S2). A break below that level will be suggesting target at 1.2952(S3). On the other hand, If the price will have enough momentum we can expect a rise and retest towards 1.3223 (R1) and break above that level will be suggesting target at 1.3268 (R2). ------- GBPUSD 1.56816 / 1.56828 High: 1.57309 | Low: 1.56781 | Chg: -0.0044 -0.28% SUMMARY: Up INTRADAY TREND: Uptrend MA10: Bearish MA20: Bearish STOCHASTIC: Oversold <img src="https://support.fxcc.com/email/technical/30012012/GBPUSD.gif"> Resistance Levels: 1.5894 | 1.5861 | 1.5775 | 1.5741 Support Levels: 1.5621 | 1.5552 | 1.5515 | 1.5449 Intraday Analysis: GBPUSD broke above 1.5621 (S1) level and formed a top at 1.5741 (R1). It now seems to be heading towards the first support level 1.5621 for a retest. A break below that level would suggest a target of 1.5552 (S2) and a further decline will then focus on the next target at 1.5515 (S3). On the upside, if the price rebounds from the first support level we can expect retesting of 1.5741 (R1), a technical and psychological level. A further rise will then bring focus to the next resistance level at 1.5775 (R2). Look for short positions with a stop loss above 1.5741 (R1) as we expect the pair to move downwards. ------ USDJPY 76.686 / 76.691 High: 76.775 | Low: 76.652 | Chg: -0.015 -0.02% SUMMARY: Down INTRADAY TREND: Downtrend MA10: Bearish MA20: Bearish STOCHASTIC: Neutral <img src="https://support.fxcc.com/email/technical/30012012/USDJPY.gif"> Resistance Levels: 79.86 | 78.75 | 78.28 | 77.28 Support Levels: 76.53 | 76.06 | 75054 | 75.04 Intraday Analysis: USDJPY fell sharply and formed a strong support level close to 76.53 (S1) .A break below that level we suggest further decline towards 76.06 (S2). On the other hand if the price manages to stay above our first support level of 76.53(S1) then the expected target is at 77.28 (R1). Our recommendation for today is long positions with a stop loss below 76.53 (S1)- (-35 pips). Source: FX Central Clearing Ltd, (<a href="http://www.fxcc.com">http://www.fxcc.com</a>) URL: <a href="https://support.fxcc.com/email/technical/30012012">https://support.fxcc.com/email/technical/30012012</a> MDunleavy on "Point and Figure charts; any pair." http://countingpips.com/forexforums/topic/point-and-figure-charts-any-pair-1/page/4#post-1085 Mon, 30 Jan 2012 02:23:03 +0000 MDunleavy 1085@http://countingpips.com/forexforums/ *The British pound had another stellar week, climbing almost 200 pips against the US dollar, and breaking the 1.57 level. The upcoming week has seven releases, including GDP. Here is an outlook for the upcoming events, and an updated technical analysis for GBP/USD. *The dollar weakened against most major currencies following Bernanke’s announcement that interest rates will likely remain near zero until late 2014. This was despite solid economic data coming out of the US. <img src="https://lh4.googleusercontent.com/-d6KMcD9z6Kc/TyY85Y1YuBI/AAAAAAAAANQ/GFWToqbORM0/s576/1.png"> Learn more : <a href="https://docs.google.com/leaf?id=0AhxKzvQ2GlM8dDBqYWl6XzlEbFZDWFVob0FMbG9nbGc&sort=name&layout=list&num=50">A t t a c h m e n t</a> (1) <~~OR~~> <a href="https://docs.google.com/document/pub?id=1Y5rnn301l8-O_xROiUY15UzqwhHoCWipS6mND6YTepY#id.iyuqgm7e6wl4">A t t a c h m e n t</a> (2) akhi agus on "Sharing Experience with FBS" http://countingpips.com/forexforums/topic/sharing-experience-with-fbs#post-1084 Fri, 27 Jan 2012 12:28:20 +0000 akhi agus 1084@http://countingpips.com/forexforums/ <img src="http://www.fbs.com/sites/all/themes/zen/fbs/images/logo.png"> Dear Traders, You are still have a chance to get $150 in early february just follow " Forecast contest (USDCAD)"... So Please post yours predict on <a href="http://forumfortrader.com/showthread.php?t=11286.">Forecast USDCSD From FBS</a> Before 03.02.12 So Hurry.. keep your chance... akhi agus on "Sharing Experience with FBS" http://countingpips.com/forexforums/topic/sharing-experience-with-fbs#post-1083 Fri, 27 Jan 2012 12:22:55 +0000 akhi agus 1083@http://countingpips.com/forexforums/ <img src="http://www.fbs.com/sites/all/themes/zen/fbs/images/logo.png"> Dear traders! We are pleased to announce the availability of a new Deposit & Withdrawal option for Indonesian traders: now you may deposit your trading account using Bank Mandiri in Indonesia. With the help of Bank Mandiri transfers can be made in Indonesian rupiah (IDR). Just follow these steps: 1. Login your FBS Personal Area by visit <a href="https://my.fbs.com/" rel="nofollow">https://my.fbs.com/</a> 2. Get <a href="https://my.fbs.com/payments/auto/idrbank" rel="nofollow">https://my.fbs.com/payments/auto/idrbank</a> for bank details 3. Make local bank transfer 4. Fill in payment notification in your Personal area 5. Use the funds for trading If you require any further information please contact one of our professional and friendly customer service representatives available 24/5 or just visit our representative office in Indonesia to get the full support with funds transferring or trading. akhi agus on "Sharing Experience with FBS" http://countingpips.com/forexforums/topic/sharing-experience-with-fbs#post-1082 Fri, 27 Jan 2012 12:20:20 +0000 akhi agus 1082@http://countingpips.com/forexforums/ <img src="http://www.fbs.com/sites/all/themes/zen/fbs/images/logo.png"> Dear traders! The account 111111 was opened by a trader from Malaysia who had no idea how lucky he was! For opening this account he received $1111 from FBS! The lucky trader’s name is Mat Rodzi bin Hussin. We contacted to him and asked him a few questions and we would like to share his impressions with you: 1. How long have you been trading in FOREX? I’ve been traded for 4 years, since 2008 I guess. 2. Why did you choose FBS as your broker? FBS has IBs and qualified representatives who are happy to be contacted and always ready to help to resolve any trader’s issue. In addition, I am also convinced by the steadfastness and the background of a broker to trust it. 3. Did you take part in any other contests by FBS? Yes. I took part in Green Drive and monthly “999” Demo Contest. 4. When you opened 111111 trading account did you expect to get a prize for that? I never thought I would be so lucky and get the prize just for opening the trading account. I consider this as a “thank you” gift from FBS to devoted customers. 5. What would you recommend to other traders? FBS is very suitable for scalpers. There are no restrictions on time or pips to close a position. Execution is also fast and with no requotes. Mat Rodzi bin Hussin is a lucky trader indeed! But how lucky are YOU? May be next time you will receive the prize! alayoua on "Daily Forex Market by FXCC 27Jan2012" http://countingpips.com/forexforums/topic/daily-forex-market-by-fxcc-27jan2012#post-1081 Fri, 27 Jan 2012 03:44:55 +0000 alayoua 1081@http://countingpips.com/forexforums/ Daily Forex Market by FXCC 27Jan2012 MARKET OVERVIEW – JANUARY 27 2012 The dollar heads for a weekly decline The dollar bought $1.3100 per euro as of 8:57 a.m. Tokyo time from $1.3109 Thursday. It yesterday dropped as low as $1.3184 per euro, the weakest level printed since Dec. 21. The greenback was little changed at 77.48 yen. The 17-nation euro fetched 101.50 yen from 101.53, following a 0.4 percent slide yesterday. The U.S. currency has weakened 1.3 percent versus the euro this week. It has appreciated 0.6 percent versus the yen since Jan. 20. The Euro retreated versus sterling after hitting at 0.8398, which was the strongest level seen in 4 weeks. The EUR/GBP dropped from the highs to 0.8347, a new daily low, during the American session. The US Dollar gained momentum across the board versus its major peers as Wall Street turned lower later in the NY session due to bank equities sliding. GBP/USD previously above 1.5700, lost strength retreating to 1.5685. USD/CHF bottomed on Wall Street opening at 0.9155, this was the lowest price witnessed since December 2, the pair moved off session lows later in the session. The recovery of the US Dollar found resistance at 0.9185/90 Read More UPCOMING EVENTS 2012-01-27 08:00 GMT | Spain Retail Sales (YoY) (Dec) 2012-01-27 09:00 GMT | European Monetary Union M3 Money Supply (3m) (Dec) 2012-01-27 09:00 GMT | European Monetary Union M3 Money Supply (YoY) (Dec) 2012-01-27 10:30 GMT | Switzerland KOF Leading Indicator (Jan) FOREX NEWS 2012-01-27 05:20 GMT | EUR/JPY drops below 101.00 on general JPY buying interest 2012-01-27 04:01 GMT | EUR/JPY sneaks lower; 102.00 blocks rally scope 2012-01-27 00:27 GMT | Japan Retail Trade s.a (MoM) -0.4% in Dec 2012-01-27 00:04 GMT | BoJ to continue expansion of asset buying EURUSD 1.31011 / 1.31016 High: 1.31193 | Low: 1.30775 | Chg: -0.0007 -0.05% SUMMARY: Up INTRADAY TREND: Uptrend MA10: Bearish MA20: Bearish STOCHASTIC: Neutral <img src="https://support.fxcc.com/email/technical/27012012/EURUSD.gif"> Resistance Levels: 1.3311 | 1.3268 | 1.3218 | 1.3185 Support Levels: 1.3050 | 1.2952 | 1.2877 | 1.2813 Intraday Analysis: The EURUSD formed a top at 1.3185 (R1) and as mentioned in yesterday’s analysis we expect the price to make a correction downwards and then to continue its upward move. We expect the price to test 1.3050 (S1) a strong technical support level for the intraday, and then to bounce upwards towards 1.3185 (R1). A break above the 1.3185 level would suggest a target of 1.3218 (R2). Look for long positions around our support levels targeting 1.3218 (R2). GBPUSD 1.56865 / 1.56875 High: 1.56955 | Low: 1.56612 | Chg: -0.0002 -0.01% SUMMARY: Up INTRADAY TREND: Uptrend MA10: Bearish MA20: Bearish STOCHASTIC: Neutral <img src="https://support.fxcc.com/email/technical/27012012/GBPUSD.gif"> Resistance Levels: 1.5894 | 1.5861 | 1.5775 | 1.5735 Support Levels: 1.5621 | 1.5552 | 1.5449 | 1.5407 Intraday Analysis: GBPUSD made a high at 1.5735 (R1) as it continued its move upwards (since January 13th). We expect the price to retest 1.5621 (S1) and then to bounce upwards towards our first resistance level of 1.5735 (R1). A break above that level will concentrate our focus on 1.5775 (R2) a technical and psychological level as it has been retested 3 times in the past (November and December of 2011) and is considered a strong resistance level. USDJPY 77.130 / 77.134 High: 77.483 | Low: 76.897 | Chg: -0.315 -0.41% SUMMARY: Down INTRADAY TREND: Downtrend MA10: Bearish MA20: Bearish STOCHASTIC: Neutral <img src="https://support.fxcc.com/email/technical/27012012/USDJPY.gif"> Resistance Levels: 79.86 | 78.75 | 78.28 | 77.85 Support Levels: 76.87 | 76.54 | 76.06 | 75.54 Intraday Analysis: USDJPY made a sharp move downwards this morning and confirmed our recommendations for short positions and also for a continuation of the downtrend. We except the price to continue its downward move as it is under bearish pressure at the moment and it seems to be heading towards 76.54 (S2) and 76.06 (S3). A proper confirmation for the short positions will be when the price manages to break below the first support level of 76.87 (S1). A stop loss should be placed above 77.85(R1). Source: FX Central Clearing Ltd, (<a href="http://www.fxcc.com" rel="nofollow">http://www.fxcc.com</a>) URL: <a href="https://support.fxcc.com/email/technical/27012012" rel="nofollow">https://support.fxcc.com/email/technical/27012012</a> alayoua on "Forex Article F.E.A.R" http://countingpips.com/forexforums/topic/forex-article-fear#post-1080 Thu, 26 Jan 2012 09:41:48 +0000 alayoua 1080@http://countingpips.com/forexforums/ When you have relaxed conversations with many traders you’ll find the shared experiences invaluable. Whilst sharing thoughts on; brokers, economic sentiment, strategies etc. is fascinating, one of the most intriguing aspects is how we overcame the barriers we faced on our journey towards proficiency and profitability. Some of these barriers are incredibly difficult to overcome, some are self inflicted, one of the most potent is the fear of ‘pulling the trigger’, quite simply being afraid to put a trade on… It’s worth closely examining this debilitating trader issue as it inevitably strikes most traders at some stage in their trader metamorphosis. However, looking for remedies is not a simple process, given that it’s generally the complex issues of the traders own personality that are the root cause of the problem. <img src="http://blog.fxcc.com/wp-content/uploads/2012/01/f.e.a.r.jpg"> The most common fear preventing pulling the trigger is position size. The stress of potentially losing money can lead to ‘trader paralysis’. The remedy is simply, reduce your size to a position where you feel more relaxed. For example, if you have an account of €10,000 then instead of risking the recommended 1-2% of the account per trade, choose a lower figure, perhaps 0.3%, bearing in mind that at this level the returns will lower and you may struggle to build any critical mass to your account. However, the losses will also be proportionality reduced. Once your confidence is restored slowly build up your risk gradually, perhaps adding 0.2% more risk per week/month over a set target/period of time. There is another slightly more complex issue that can prevent pulling the trigger and it relates to not having enough confidence in your edge. That lack of confidence could also directly relate to an overall lack of experience. There can be times were you have absolute confidence in your strategy, (you’ve back and forward tested it to profitability) but given your lack of experience you still don’t have the ‘experience confidence’ to follow through. What do we mean by ‘experience confidence’? There is no replacement for ‘doing’ in our industry, it’s impossible to put a figure on how many trades you must have executed in order to have gained the ‘right’ level of experience to lose your fear, particularly if you favour swing trading versus scalp trading. Perhaps a measurement of time or hours of immersion would be more appropriate. What is undeniable and frustrating in equal measures is that trading is not a profession that arrives easily as a skill, we have to exercise incredible patience to become proficient. The emotional intelligence required is considerable. It’s quite a common experience for your understanding of; the market, your edge, your overall market intelligence to be ahead of your experience, you get ahead of your own learning curve. It’s actually not a fault, on the contrary it displays your level of overall dedication. Similar to a superb youth footballer at academy level, you may have all the raw skills, but lack the unconscious competence that can only arrive through playing the game, which in our situation is the experience of market participation. Source: FX Central Clearing Ltd, (<a href="http://blog.fxcc.com" rel="nofollow">http://blog.fxcc.com</a> FXCC Blog) URL: <a href="http://blog.fxcc.com/f-e-a-r" rel="nofollow">http://blog.fxcc.com/f-e-a-r</a> traderf on "TradeFort - New Broker (TradeFort.com)" http://countingpips.com/forexforums/topic/tradefort-new-broker-tradefortcom#post-1078 Thu, 26 Jan 2012 07:11:14 +0000 traderf 1078@http://countingpips.com/forexforums/ Welcome no deposit bonus for all new traders Sign up, get a welcome bonus, start earning your money with the company’s funds! We are pleased to offer our new customers a welcome bonus of $ 5 USD for opening a real trading account with us. This is a great opportunity to earn profits without taking a risk with your own money, as well as to test your skills and trading strategies in real market conditions. You can find more info here <a href=""http://www.tradefort.com/?a12340a"">http://www.tradefort.com</a> or ask me! GIGFX on "GIGFX Daily Technical Report" http://countingpips.com/forexforums/topic/gigfx-daily-technical-report/page/13#post-1077 Thu, 26 Jan 2012 05:37:52 +0000 GIGFX 1077@http://countingpips.com/forexforums/ Thursday January 26th 2012 GIGFX Technical Analysis Report EUR/USD The common currency succeeded to continue rising against the U.S. dollar as it formed AB=CD harmonic wave and now the pair is trading around the level 1.3120 which represents the target of this wave at the point D, the pair rose from the formed bottom around the level 1.2627 then the pair succeeded to break the bearish channel for mid-term trades then the pair rose to form another bullish channel in which it is moving for last and current trades, this supports the expectation of more rising targeting the resistance levels 1.3197 which performs as the level of the last top that the pair formed on last December then the resistance level 1.3245, the pair should break the resistance level 1.3120 and it will be confirmed by holding the important support level 1.3080 that if the pair traded below, it is expected that the pair will decline targeting to test the support levels 1.2927 and 1.2912 which represent 61.8% and 50.0% of fibonacci's correction level for the bearish wave (from 1.3197 to 1.2927). R3 R2 R1 P S1 S2 S3 1.3363 1.3242 1.3175 1.3054 1.2987 1.2866 1.2799 GBP/ USD Yesterday’s European market trades saw retreating the Sterling against the U.S dollar searching to form a new bullish bottom at the coinciding support level 1.5566 area with the bullish channel’s lower border, whereas a bottom has been formed at this area helped the pair to rise again; supported by the U.S news which supported the pair’s bearish move, the bullish move has been continued till the pair reached the resistance level 1.5667 representing the complement D point for the AB=CD harmonic pattern, it’s expected that the pair will continue rising during the next trades in order to reach the resistance level 1.5720, in condition it must break up the level 1.5667. This scenario depends on the stability of the support level 1.5625. R3 R2 R1 P S1 S2 S3 1.5856 1.5767 1.5711 1.5622 1.5566 1.5477 1.5421 USD/CHF The pair rose to re-test the resistance level 0.9340 and failed to break this level which coincide with the top border of the bearish wedge pattern for near-term and intraday trades, which led the pair to decline again breaking the support level 0.9250 and reached the support level 0.9200 which coincides with the bottom border of the same pattern, if the support level 0.9200 held it is expected that, the pair will rise again to re-test the resistance level 0.9290 but under the condition of breaking the resistance level 0.9250. The stability of these expectations requires holding the support level 0.9200. R3 R2 R1 P S1 S2 S3 0.9436 0.9387 0.9301 0.9252 0.9166 0.9117 0.9031 USD/JPY After correcting the USD/JPY pair the bearish wave during the previous trades it formed a bearish top at the resistance level 78.28 trying to correct the last bullish wave so it’s expected during the next intraday trades that the pair will decline till targeting the support level 76.95 which represents 76.4% Fibonacci retracement correction level for the last bullish wave (from 76.54 to 78.28) but in condition of breaking down the support levels 77.40 and 77.20. This scenario depends on the stability of the resistance level 78.87. R3 R2 R1 P S1 S2 S3 78.91 78.59 78.18 77.86 77.45 77.13 76.72 AUD/USD The AUD/USD pair rose during the previous trades after testing the bullish channel’s lower border for the mid and long-terms, breached the level 1.0580 facing the channel’s top border, which will support the bullish direction for the next mid and near-terms, it’s expected that the pair will target the resistance level 1.0751 which represents the last top of the pair since last October, with the probability of retesting the pair the nearest support levels, whereas the pair may retest the levels 1.0580 and 1.0494 which represents 76.4% in order to decline again from 1.0751 to 0.9662. R3 R2 R1 P S1 S2 S3 1.0839 1.0729 1.0663 1.0553 1.0487 1.0377 1.0311 alayoua on "Daily Forex Market by FXCC 26Jan2012" http://countingpips.com/forexforums/topic/daily-forex-market-by-fxcc-26jan2012#post-1076 Thu, 26 Jan 2012 03:41:43 +0000 alayoua 1076@http://countingpips.com/forexforums/ Daily Forex Market by FXCC 26Jan2012 MARKET OVERVIEW – JANUARY 26 2012 Cable continues it's eighth day of gains The dollar traded at $1.3112 per euro as of 8:31 a.m. in Tokyo from $1.3106 in New York yesterday, when it dropped to $1.3121, the lowest level since Dec. 21. Japan’s currency dropped to 101.98 yen per euro, the weakest since Dec. 26, before trading little changed at 101.93. The yen was at 77.76 per dollar from 77.78 yesterday, when it reached 78.28, the weakest since Nov. 29. GBP/USD traded in a wide range between circa 1.5525 and 1.5780 during Wednesday's sessions, ending trade in New York at 1.5654 reaching an eighth successive positive day, 0.20% higher on the day. New Zealand’s dollar traded little changed at 81.69 U.S. cents and 63.48 yen. Australia’s dollar fetched $1.0601 from $1.0597. It traded at 82.39 yen from 82.43 yen. Canada’s currency, nicknamed the loonie, appreciated 0.5 percent to C$1.0043 per U.S. dollar at 5 p.m. Toronto time, the strongest level on a closing basis since Oct. 31. The currency earlier dropped as much as 0.6 percent. One Canadian dollar purchases 99.57 U.S. cents. UPCOMING EVENTS 2012-01-26 07:00 GMT | Germany Gfk Consumer Confidence Survey (Feb) 2012-01-26 08:30 GMT | Italy Consumer Confidence (Jan) 2012-01-26 10:00 GMT | Italy Wage Inflation (YoY) (Dec) 2012-01-26 11:00 GMT | United Kingdom CBI Distributive Trades Survey - Realized (MoM) (Jan) FOREX NEWS 2012-01-26 05:21 GMT | EUR/USD frozen above 1.3100 in Asia 2012-01-26 02:04 GMT | EUR/JPY poised to test 102.50 2012-01-26 02:04 GMT | USD/CHF consolidating above 0.9200 2012-01-26 02:03 GMT | GBP/USD steady around 1.5650 in early Asia EURUSD 1.31184 / 1.31190 High: 1.31335 | Low: 1.30901 | Chg: 0.0013 0.1% SUMMARY: Up INTRADAY TREND: Uptrend MA10: Bullish MA20: Bullish STOCHASTIC: Overbought <img src="https://support.fxcc.com/email/technical/26012012/EURUSD.gif"> Resistance Levels: 1.3319 | 1.3287 | 1.3268 | 1.3204 Support Levels: 1.3050 | 1.2952 | 1.2877 | 1.2813 Intraday Analysis: After the pair formed a bottom at 1.2930 –Fibonacci 23.6%, the EURUSD was able to break above yesterday’s resistance at 1.3050 (S1) and we now expect the price to find a strong resistance around 1.3150 – September low. A break above the 1.3150 level would suggest a target of 1.3204 (R1). On the other hand if the price fails to break above 1.3150, we can expect the pair to retest 1.3050 (S1). If we consider that the price is forming a top at the current level or the top is around 1.3150 then we should expect a correction downwards and then the continuation of the uptrend. GBPUSD 1.56637 / 1.56646 High: 1.56755 | Low: 1.56481 | Chg: 0.0007 0.05% SUMMARY: Up INTRADAY TREND: Uptrend MA10: Bullish MA20: Bullish STOCHASTIC: Neutral <img src="https://support.fxcc.com/email/technical/26012012/GBPUSD.gif"> Resistance Levels: 1.5881 | 1.5775 | 1.5715 | 1.5680 Support Levels: 1.5627 | 1.5552 | 1.5515 | 1.5449 Intraday Analysis: GBPUSD is forming higher bottoms and is now moving towards 1.5680 (R1) to retest that level again, as it is considered a technical and psychological resistance level for the bears. A break above that level will concentrate our focus at 1.5715 (R2). On the downside, if the price declines below 1.5627 (S1) we can expect the price to retest 1.5552 (S2) and then to bounce upwards for a continuation of the uptrend (intraday). USDJPY 77.532 / 77.537 High: 77.807 | Low: 77.522 | Chg: -0.246 -0.32% SUMMARY: Down INTRADAY TREND: Downtrend MA10: Bearish MA20: Bearish STOCHASTIC: Neutral <img src="https://support.fxcc.com/email/technical/26012012/GBPUSD.gif"> Resistance Levels: 79.86 | 79.21 | 78.75 | 78.28 Support Levels: 77.34 | 76.54 | 75.98 | 75.58 Intraday Analysis: USDJPY made a sharp move upwards and formed a top at 78.28 (R1) and then fell and was supported at 77.53. It now seems that it is going to retest our first support level at 77.34 (S1). If it breaks below that level, we can expect the price to retest our second support at 76.54 (S2). As we mentioned in yesterday’s analysis, a break above 77.28 (R1) brings the possibility of a trend reversal into play. As long as the pair remains below that level, the price remains trapped in a trading range on the daily timeframe and a downtrend on the weekly. Source: FX Central Clearing Ltd, (<a href="http://www.fxcc.com" rel="nofollow">http://www.fxcc.com</a>) URL: <a href="https://support.fxcc.com/email/technical/26012012" rel="nofollow">https://support.fxcc.com/email/technical/26012012</a> smtt1 on "[LIMITED TIME] Your FREE Forex Trading Apprentice download link" http://countingpips.com/forexforums/topic/limited-time-your-free-forex-trading-apprentice-download-link#post-1075 Wed, 25 Jan 2012 09:10:49 +0000 smtt1 1075@http://countingpips.com/forexforums/ [LIMITED TIME] Your FREE Forex Trading Apprentice download link The results some of the traders are having with the Forex Trading Apprentice are simply AMAZING... Grab your FREE system here: <a href="http://globalmarketing.marathon12fta.click2sell.eu" rel="nofollow">http://globalmarketing.marathon12fta.click2sell.eu</a> Here's what some of the traders have been saying about the Forex Trading Apprentice: "just downloaded the system yesterday & I made profit that seems UNREAL using usd/chf. 200$ in a span of 4hours it ain't bad, would definitely recommend it to any fx trader out there." Dan Kim, 25 Jan 2012 "This is just the best ever strategy i ever used, can't just believe the way it works. Anyone should just give FPS a trial and see it's actually work. more help to ur elbow man! Alberto." Oladeji Ben, 25 Jan 2012 "Alberto! THANK YOU SO MUCH! I set up your system last night and got in around 0.94185 for USDCHF 1 hour chart. I set a 35 pip trailing stop and went to bed. I got up this morning and it was still running. So I closed out the position at 0.95078 for a 893 pip profit. And at the time of this posting, it is still running a profit at 0.95198. Once again, Thank you so very much!" Kevin Hazelton, Forest Hill, Louisiana "I took about 14 trades with the forextradingapprentice, out of which 12 were profitable. And it's without using a big stop loss.. in fact in most trades I only risked 11-13 pips!" Joseph Walker, Los Angeles, California You can read more of the comments here: <a href="http://globalmarketing.marathon12fta.click2sell.eu" rel="nofollow">http://globalmarketing.marathon12fta.click2sell.eu</a> If you are looking to finally make it in Forex this is IT...Finally a system that is backed by REAL traders (both Ron J. Wills and Alberto Pau worked for some of the largest banks in the world) that WORKS. Let me tell you, we have also been receiving hate emails from Forex brokers and "gurus". As they will be revealing all the Forex scams...it's just normal this is making a lot of people scared and nervous At last all their dirty tricks, outdated systems and robots will be exposed for what they are worth and honest people like you will be able to make your money back from the Forex market. As Alberto and Ron put the finishing touches on the system, a couple of days ago they took a quick poll of all the programmers, traders and coaches who worked on the Forex Trading Apprentice and asked them how much they think it's worth. (They asked them to send their answers in private because they wanted them to be 100% honest so they would not influence each other) Here's what they came up with: - $997 - $1,997 - $2,995 - $3,997 That's how much the programmers who developed it think it's worth. And they're right. How much will you pay? They're not sure yet, but what they know for sure is that they want this to be affordable for everyone. Because Alberto Pau and Ron J. Wills are releasing the Forex Trading Apprentice to help traders. The bad news is that they can only let 200 people in as you will get full, unrestricted access to Alberto's and Ron's personal email addresses. Truth is they want you to succeed and for this to happen not only will they give you the very system that Alberto used to make over $38 million dollars for some of the world's largest trading institutions but they will give you the FULL SUPPORT from some of the most respected Forex traders (a day of mentoring with Alberto typically costs $10,000) That's why they can only let so many people in. They will be releasing the Forex Trading Apprentice on Thursday at 9 AM Eastern Standard Time. We've been hearing from you guys and I know there's a lot of excitement about this. So if you're one of the people who are lined up and ready to get hold of this let me tell you what's going to happen. At 9 AM EST tomorrow I'll be sending an email with a link in it. All you need you to do is click on the link and it will take you to the page where you can download the system. It's that simple, but you've gotta be quick because once those copies are gone you may have to wait another 6-12 months if you want in... So if you want to finally make it in Forex watch out for that email from me at 9 AM Eastern Standard Time. alayoua on "Daily Forex Market by FXCC 25Jan2012" http://countingpips.com/forexforums/topic/daily-forex-market-by-fxcc-25jan2012#post-1074 Wed, 25 Jan 2012 03:34:32 +0000 alayoua 1074@http://countingpips.com/forexforums/ Daily Forex Market by FXCC 25Jan2012 The dollar rose 0.8 percent to 77.67 yen at 5 p.m. in New York and touched 77.85, the highest level since Dec. 29. The greenback dropped 0.2 percent to $1.3036 per euro. The common currency rose 1 percent to 101.25 yen. The yen’s fall gained further momentum after breaking through the 70.40 yen per dollar level, which was a key technical level. The pound rose 0.4 percent to $1.5626 and appreciated 0.2 percent to 83.42 pence per euro. USD/CHF rose after Wall Street opened, rising to 0.9310 but failing to hold gains above the crucial round number of 0.9300 and retreated. The US Dollar lost the majority of the gains, falling to 0.9275 ending the day circa 0.9280, a nominal gain of 0.05% on the day. Read More 2012-01-25 00:30 GMT | Australia Consumer Price Index (YoY) (Q4) 2012-01-25 09:30 GMT | United Kingdom Bank of England Minutes 2012-01-25 09:30 GMT | United Kingdom BBA Mortgage Approvals (Dec) 2012-01-25 09:30 GMT | United Kingdom Gross Domestic Product (YoY) (Q4) Preliminar 2012-01-25 03:17 GMT | EUR/JPY hits one-month high, 101.80 next resistance 2012-01-25 00:40 GMT | Australia: CPI rose 3.1% through the year to the December quarter, weaker than expected 2012-01-25 00:31 GMT | Australia Consumer Price Index (QoQ) 0% in 4Q 2012-01-25 00:06 GMT | Japan: Logs trade deficit for 2011, first in a generation EURUSD 1.30250 / 1.30256 DAILY WEEKLY MONTHLY High: 1.30469 | Low: 1.30155 | Chg: -0.0011 -0.08% <img src="https://support.fxcc.com/email/technical/25012012/EURUSD.gif"> 1.3267 | 1.3218 | 1.3132 | 1.3053 1.2953 | 1.2874 | 1.2838 | 1.2807 SUMMARY : up TREND : up trend MA10 : Bullish MA20 : bullish STOCHASTIC : oversold MARKET ANALYSIS - Intraday Analysis Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo. - GBPUSD 1.55894 / 1.55906 DAILY WEEKLY MONTHLY High: 1.56274 | Low: 1.55877 | Chg: -0.0035 -0.23% <img src="https://support.fxcc.com/email/technical/25012012/GBPUSD.gif"> 1.5715 | 1.5698 | 1.5668 | 1.5627 1.5564 | 1.5515 | 1.5449 | 1.5407 SUMMARY : up TREND : up trend MA10 : Bullish MA20 : bullish STOCHASTIC : oversold MARKET ANALYSIS - Intraday Analysis Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo. - USDJPY 77.936 / 77.938 DAILY WEEKLY MONTHLY High: 77.979 | Low: 77.615 | Chg: 0.272 0.35% <img src="https://support.fxcc.com/email/technical/25012012/USDJPY.gif"> 79.92 | 79.60 | 78.87 | 78.28 77.55 | 77.12 | 76.54 | 76.08 SUMMARY : up TREND : up trend MA10: Bullish MA20: bullish STOCHASTIC : overbought MARKET ANALYSIS - Intraday Analysis Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Vestibulum tortor quam, feugiat vitae, ultricies eget, tempor sit amet, ante. Donec eu libero sit amet quam egestas semper. Aenean ultricies mi vitae est. Mauris placerat eleifend leo. Source: FX Central Clearing Ltd, (<a href="http://www.fxcc.com" rel="nofollow">http://www.fxcc.com</a>) URL: <a href="https://support.fxcc.com/email/technical/25012012" rel="nofollow">https://support.fxcc.com/email/technical/25012012</a> MDunleavy on "Point and Figure charts; any pair." http://countingpips.com/forexforums/topic/point-and-figure-charts-any-pair-1/page/4#post-1073 Wed, 25 Jan 2012 01:17:16 +0000 MDunleavy 1073@http://countingpips.com/forexforums/ GBP/USD rose again on Monday as traders continue to sell off the US dollar in general. The Pound did well against the Greenback, but only marginally so. The rise was somewhat tempered by the 1.56 level, and we saw the pair pullback a bit. We are still bearish of this market overall, but think that a rise to test 1.57 again is very possible at this point. <img src="https://lh3.googleusercontent.com/-ruxVAhGCS5w/Tx-cvV-i8OI/AAAAAAAAAMw/g1apE0own24/s576/1.png"> Learn more : ~~~><a href="http://iticsoftware.com/postimages2//201009/12Jan24.html">http://iticsoftware.com/postimages2//201009/12Jan24.html</a> ^^^ORvvv ~~~><a href="http://fforeman.byethost17.com/12Jan24.html">http://fforeman.byethost17.com/12Jan24.html</a> ^^^ORvvv <a href="https://docs.google.com/leaf?id=0BxxKzvQ2GlM8ZGE3OWYxNTUtYmY5Mi00YWMzLWFkMmYtMDEwODRlMDI1N2Yw&sort=name&layout=list&num=50">A t t a c h m e n t</a> (1) <~~OR~~> <a href="https://docs.google.com/leaf?id=0BxxKzvQ2GlM8YzZjYTc3NGEtZDYzOS00ZTQwLWFmNTQtOGI4NWEyZDhkODU0&sort=name&layout=list&num=50">A t t a c h m e n </a>t (2) alayoua on "Daily Forex Market by FXCC 24Jan2012" http://countingpips.com/forexforums/topic/daily-forex-market-by-fxcc-24jan2012#post-1072 Tue, 24 Jan 2012 08:46:14 +0000 alayoua 1072@http://countingpips.com/forexforums/ Daily Forex Market by FXCC 24Jan2012 Euro Yen rallies from the eleven years lows seen over recent weeks The euro gained 0.6 percent to $1.3013 at 5 p.m. New York time after rising to $1.3053, the highest level seen since Jan. 4. The seventeen nation common currency advanced 0.6 percent to 100.25 yen, while the dollar was little changed at 77.02 yen. EUR/JPY accelerated higher on Monday from an earlier test of 99.00, reaching fresh 4-week highs in the 100.50 price zone before ending trade in New York at 100.22, 0.70% higher on the day. a significant move away from the fresh eleven year lows being reached over recent weeks. The pound weakened 0.8 percent to 83.66 pence per euro at 5:01 p.m. London time. Sterling was little changed at 119.87 yen and $1.5580. The rally of the Pound versus the Dollar finally stalled at the key round number level of 1.5600 as the Greenback managed to trim its losses across the board. USD/CHF dropped more than 120 pips on Monday, sliding to its lowest level since Dec 21 at 0.9250 before recovering, the pair was printing around circa 0.9260, down 1.2% on the day earlier in the evening. Read More UPCOMING EVENTS 2012-01-24 03:35 GMT | Japan BoJ Interest Rate Decision (Jan 24) 2012-01-24 08:28 GMT | Germany Purchasing Manager Index Manufacturing (Jan) 2012-01-24 08:58 GMT | European Monetary UnionPurchasing Manager Index Manufacturing (Jan) 2012-01-24 09:30 GMT | United Kingdom Public Sector Net Borrowing (Dec) FOREX NEWS 2012-01-24 06:48 GMT | EUR/USD flat after Asian session 2012-01-24 04:34 GMT | GBP/USD retreats from 1.5600 on run to safety 2012-01-24 03:36 GMT | Japan Jan 24 BoJ Interest Rate Decision steadies at 0.1% 2012-01-24 02:08 GMT | EUR/AUD finds a short term base above 1.2350 EURUSD 1.30154 / 1.30160 DAILY WEEKLY MONTHLY High: 1.30299 | Low: 1.29874 | Chg: 0.0002 0.02% <img src="https://support.fxcc.com/email/technical/24012012/EURUSD.gif"> 1.3267 | 1.3218 | 1.3150 | 1.3051 1.2986 | 1.2874 | 1.2838 | 1.2807 SUMMARY : up TREND : up trend MA10 : neutral MA20 : neutral STOCHASTIC : neutral MARKET ANALYSIS - Intraday Analysis The EURUSD continued to rise from 1.2874 (S2) and reached a high yesterday at 1.3051 (R1). Following that we saw a correction towards the first support level at 1.2986 (S1). It seems the pair will re-test a high soon. If the price will have enough momentum we can expect a rise towards 1.3051 (R1) and focus on 1.3150 (R2) a strong technical and psychological level. GBPUSD 1.55586 / 1.55596 DAILY WEEKLY MONTHLY High: 1.558 | Low: 1.5537 | Chg: -0.0008 -0.05% <img src="https://support.fxcc.com/email/technical/24012012/GBPUSD.gif"> 1.5715 | 1.5698 | 1.5668 | 1.5601 1.5515 | 1.5449 | 1.5407 | 1.5343 SUMMARY : up TREND : up trend MA10 : neutral MA20 : neutral STOCHASTIC : neutral MARKET ANALYSIS - Intraday Analysis The GBPUSD fell and formed a bottom at 1.5515 (S1). After that the price rebounded and was able to break above yesterday’s resistance at 1.5579 and it seems it will re-test a high soon. A break above the first resistance would suggest a target of 1.5668 (R2). If price holds its momentum on the upside we can expect a further rise towards 1.5698 (R3). On the other hand, if the price does not manage to break above 1.5601 (R1) we can expect the pair to retest support at 1.5515 (S1) and a further fall will be limited to 1.5449 (S2). USDJPY 77.004 / 77.009 DAILY WEEKLY MONTHLY High: 77.047 | Low: 76.956 | Chg: -0.017 -0.02% <img src="https://support.fxcc.com/email/technical/24012012/USDJPY.gif"> 78.87 | 78.20 | 77.68 | 77.32 76.85 | 76.55 | 76.08 | 75.53 SUMMARY : neutral TREND : sideway MA10 : neutral MA20 : neutral STOCHASTIC : overbought MARKET ANALYSIS - Intraday Analysis USDJPY rose yesterday and was stopped at 77.32 (S1) where price rebounded and fell forming a bottom at 76.85 (S1). A break below 76.85 (S1) will be a proper confirmation for short positions targeting 76.55 (S2) and 76.08 (S3). Look for short positions at current price with a stop loss above first resistance 77.32 (R1). Source: FX Central Clearing Ltd, (<a href="http://www.fxcc.com">http://www.fxcc.com</a>) URL: <a href="https://support.fxcc.com/email/technical/24012012">https://support.fxcc.com/email/technical/24012012</a> ZTrader_Fx on "Technical Traders Latest Video: What to expect for USD, oil, gold & volatility" http://countingpips.com/forexforums/topic/technical-traders-latest-video-what-to-expect-for-usd-oil-gold-volatility#post-1070 Mon, 23 Jan 2012 09:24:47 +0000 ZTrader_Fx 1070@http://countingpips.com/forexforums/ This week's pre-market video showing what to expect this week for the dollar, oil, gold, silver, stocks and the volatility index. By the Technical Traders <a href="http://www.thetechnicaltraders.com/237-21.html">See full video</a> traderf on "TradeFort - New Broker (TradeFort.com)" http://countingpips.com/forexforums/topic/tradefort-new-broker-tradefortcom#post-1069 Mon, 23 Jan 2012 08:55:44 +0000 traderf 1069@http://countingpips.com/forexforums/ TradeFort trademark was founded in 2010 by the team of professionals possessing a long lasting and thorough experience in the international financial services, financial broking services for private and corporate customers and in financial software development. The trademark is owned by the international financial holding One Vector Group Inc. registered officially as forex broker with registration number 19359 under the legislation of Saint Vincent and the Grenadines being a full-fledged member of the British Commonwealth. Our advantages: Friendly and responsive technical support Depositing/Withdrawing funds without commissions Fast Depositing/Withdrawing of funds Dividends on free funds on account Leverage from 1:10 up to 1:1000 Convenient personal Trader’s Room Numerous trading products Free VPS – virtual private server for automatic trading systems No minimum deposit You can find more info here <a href="http://www.tradefort.com/?a12340a">http://www.tradefort.com</a> or ask me!