The price of natural gas changed course and tumbled down in the past week. The price of the Henry Hub tumbled down by 5.4% to reach $ 3.85. United States Natural Gas (UNG) dropped by 6.7% while U.S natural gas producers…
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The post Natural Gas Changed Direction Again – Will It remain Range Bound? appeared first on FX FOREX.
Symbol Bid Ask EURUSD GBPUSD USDJPY USDCHF USDCAD EURJPY EURCHF GBPJPY GBPCHF GOLD Real time market quotes Live help onlineClick here Reviews by InstaForex trader InstaForex social responsibility Suggestions of Instaforex customers Read more Technical analysis of EUR/USD for February 13, 2014 2014-02-13 Show full picture Intraday technical levels: R3: 1.3734 R2: 1.3693 R1: 1.3643 PP: 1.3602 S1: 1.3552 S2: 1.3511 S3: 1.3461 Trading recommendations: The market opened below the daily resistance today. Also, it should be noted that the resistance is set at the level of 1.3734 as strong level on February 13-14, 2014. Additionally, the EUR/USD pair hit the past weekly resistance and also reached the weekly pivot point yesterday. Hence, the trend was downward and the range seemed extensive up to 91 pips. According to the previous events, the price of EUR/USD pair has still…
Intraday technical levels :
Trading recommendations :
The material has been provided by InstaForex Company – www.instaforex.com
For more info: Technical analysis of EUR/USD for February 13, 2014
The post Technical analysis of EUR/USD for February 13, 2014 appeared first on FX FOREX.
If you are serious about your trading and want to build an enduring edge the Stockbee Member site might help you. Members tell me they have tried lot of things before coming to my site and it has offered them the most extensive and detailed methods to swing and position trade.The member site is one of the most recommended site for learning to trade by other traders and bloggers. No advertising, no hard marketing, no promotions, no free offers, no affiliate marketing, no incentive to other bloggers to promote the site, no constant twits self promoting the site and no tall claims, every member comes through word of mouth recommendation.As a member you will learn the basics of swing trading, momentum investing, growth investing and …
via stockbee:
As a trader your task is to find some structural phenomenon to build your edge around.
It should exists in the market and not figment of imagination.
What are some of the structural things in the market:
1 Market moves in momentum bursts
2 Momentum stocks outperform non momentum stocks
3 longer term momentum is mean reverting
4 Surprisingly good earnings leads to rallies
5 News leads to immediate moves
6 small cap/small float outperform larger stocks
7 lower priced stocks outperform higher priced stocks
Now if you know any of these you can build your trading around it.
For more info: Find something that is structural
The post Find something that is structural appeared first on FX FOREX.
via My Money Blog:
Remember, everyone has three credit scores, one from each of the three major credit bureaus: Experian, Equifax, TransUnion.
CreditKarma
CreditKarma.com is an ad-supported site that offers you the ability to check your credit score based on your TransUnion credit report, updated every week for free. The score range is the same as FICO, from 300-850. They offer insights into improving your credit score, and you can also opt-in to free daily credit monitoring.
Quizzle
Quizzle.com is an ad-supported site that offers a free credit score based on your Equifax credit report, called a VantageScore credit score, updated once every 6 months. You also get a free copy of your Equifax credit score once every six months. Twice a year is less often than other services and makes it harder to track credit improvement, but hey it’s still free. The score scale is also 300-850.
Equifax FICO (Trial)
If you sign up for a free 10-day trial at MyFICO.com, you’ll get an instant free Equifax credit report and Equifax FICO credit score. You’ll need a credit card. You must call 1.888.577.5978 to cancel, although you may be able to do it online as well. My recommendation is to get your credit report and credit score, print or save to PDF, and then cancel immediately afterward on the same day so that you won’t forget later. Hours (PDT) M-F 6am-6pm, Sat 7am-4pm, Sun Closed.
Discover it Card
Credit Sesame
You will need to provide your personal information and Social Security number to some of these companies, naturally, so be comfortable with that. None of these methods by themselves will affect your credit score as you are requesting them for yourself.
via MarketPulse:
The Canadian dollar has taken it on the chin this week, already down -4.5% against its largest trading partner, the USD this year, the currency is closing out the week on the back foot and this despite the presence of a stronger retail sales headline print yesterday (+0.6%). Notwithstanding keeping rates on hold mid-week (+1%), the Bank of Canada’s policy statement leans towards a further easing bias, without explicitly making the change in stance.
Governor Poloz removed from its statement the phrase that the “substantial monetary policy stimulus currently in place remains appropriate,” which happened to appear in the last statement only a month ago. Many believe that within the context of the BoC’s heightened concern about persistently low inflation, the omission represents a step closer towards an easing bias.
However, on Friday, total inflation in Canada fell -0.2%, m/m in December, with a y/y pace of inflation to +1.2%, back into the Banks 1-3% target range from +0.9% in the month before. The increase in the yearly pace of both headline and core prices – up to +1.3% – is likely to bring some sense of calm to the “disinflation weary Governor Poloz.”
Canadian bond prices happened to soften slightly on the Canada’s inflation headline, but do remain better bid, along with US Treasurys from a flight to safety bid as investors scrambled out of riskier emerging assets. This too has the CAD shifting ever so slightly away from its newly cemented lows for the time being. Nevertheless, the “mighty buck” is expected to remain better bid on pullbacks until some normalcy reappears within all asset classes.
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WEEK AHEAD
* GBP Gross Domestic Product
* USD Durable Goods Orders
* USD Consumer Confidence
* USD Fed QE3 Pace
* USD FOMC Rate Decision
* NZD Reserve Bank of New Zealand Rate Decision
* EUR German Unemployment Rate
* EUR German Consumer Price Index
* USD Gross Domestic Product
* USD Personal Consumption
* JPY National Consumer Price Index
* EUR Euro-Zone Consumer Price Index
* CAD Gross Domestic Product
* CNY Manufacturing PMI
The post Week In FX Americas – The Loonies’ Week from Hell appeared first on MarketPulse.
For more info: Week In FX Americas – The Loonies’ Week from Hell
The post Week In FX Americas – The Loonies’ Week from Hell appeared first on FX FOREX.
Stocks move in momentum bursts of 3 to 5 days. These 3 to 5 day momentum bursts can be explosive often producing 8 to 40% moves. Swing trading these moves offer you an opportunity to participate in explosive part of the move.These kinds of moves are frequent and in a year offer you several opportunities. The post: How to identify good momentum bursts and make millions details the essence of the setup. The post lead to some comments and discussion on stops and exits. By its very nature this is 3 to 5 days trade. Om entry day the only reason for entry is that we believe the range expansion will lead to follow through. If that does not happen and stock revisits entry day low, the range expansion signal has failed.Entry …
via stockbee:
These kinds of moves are frequent and in a year offer you several opportunities. The post: How to identify good momentum bursts and make millions details the essence of the setup. The post lead to some comments and discussion on stops and exits.
By its very nature this is 3 to 5 days trade. Om entry day the only reason for entry is that we believe the range expansion will lead to follow through. If that does not happen and stock revisits entry day low, the range expansion signal has failed.
Entry in this kind of trade happens as soon as stock shows up in my scan. That can be anywhere from market open to just before close. The stop is low of the entry day as this is momentum burst trade.
Exit in this kind of trade is based on time exit and profit exit. Because by very nature this kind of trade is 3 to 5 day duration, I am looking at exit on 3rd , 4th or 5th day. Not only that but we also know profits in this kind of trade is going to be 8 to 40%. So if a stock says goes up 20% in one day after entry, I sell part of the position and put a very tight stop on rest of the position to ensure profit does not vanish.
Most of these kind of trades work instantly. For example currently I have YY trade open. The trade already is up 10% plus in 2 days.
I will hold this trade for 4 to 5 days , but at the same time now my focus is to ensure this trade does not end up loss making and I exit it with at least some profits. Accordingly stop is adjusted to protect open profits.
Swing trading momentum bursts is a low risk strategy. You can keep your draw downs very small and compound your money.
For more info: A complete momentum burst trade example
The post A complete momentum burst trade example appeared first on FX FOREX.
If you are serious about your trading and want to build an enduring edge the Stockbee Member site might help you. Members tell me they have tried lot of things before coming to my site and it has offered them the most extensive and detailed methods to swing and position trade.The member site is one of the most recommended site for learning to trade by other traders and bloggers. No advertising, no hard marketing, no promotions, no free offers, no affiliate marketing, no incentive to other bloggers to promote the site, no constant twits self promoting the site and no tall claims, every member comes through word of mouth recommendation.As a member you will learn the basics of swing trading, momentum investing, growth investing and …
via stockbee:
Rotational kind of action continues and money was rotating in to new sectors like financials and home builders. IPO ‘s continue to do well.
All in all good year end action so far.
For more info: Santa Clause rally is here
The post Santa Clause rally is here appeared first on FX FOREX.
via Winners Edge Trading:
Hello Forex Traders,
The first thing I do every early morning is to browse through the charts and search for trading opportunities. Are there any trend line breaks? Is there a pullback after a trend line break? Are there are chart patterns in play? What is the trend?
One thing I started to notice is the lack of a trend on most currency pairs. The GBPUSD has been bouncing up and down between 1.59 and 1.62 in big daily range. The USDJPY is still in a triangle as well – just as the GBPJPY and CADJPY. The NZDUSD is another classical example as well.
The exceptions to this range environment have been the Euro and Australian U.S. Dollar, which have seen decent trending moves against the USD and GBP for instance. GBPAUD for instance has moved up and down within a 1,300 pip range, which offers decent trending trades, but is historically a rather tight range for this currency pair.
NZDUSD
The Kiwi was unable to break the key support level at 0.82 yesterday. This support in fact caused the Kiwi to bounce and make a momentum push up, which closed with a big exhaustion wick. That wick could be a trend line bounce but if we take recent price action into account, then the entire zone becomes a massive range. A move back towards the top of the range is possible.
This daily consolidation (red and green) is in fact just part of a bigger triangle on the weekly (purple trend lines).
USDJPY
The UJ too is in a well established contracting triangle. The range has slowly but surely tightened to a range of a mere 200-300 pips on a daily chart. A break out – when it finally does occur – could be very powerful due to prolonged quietness. Price is currently right at the top the triangle and is at a bounce or break spot. Both an up and a downside break out are good trades to capitalize on.
GBPJPY
In this regard the GBPJPY might be leading the way because its 2 month’s consolidation zone of 300 pips is breaking as we speak. The GBPJPY owes its nickname – the Ferrari – due to its fast and big movements. This tight consolidation zone, therefore, lasted relatively long for the Ferrari among the currency pairs.
The current daily candle is pushing above the trend line and is in the process of breaking. No worries if you have missed the breakout. Remember, there the Forex market always offers retracements. Forex traders always have tons of time to plan a trade. And it is our job to implement our plan to best of our abilities, which then should lead to profitability. Never focus on profitability without a clear plan, otherwise the success will not repeat itself.
In any case, a good plan would be to wait for today’s candle close. A massive wick would not inspire us to consider this a sustainable break for the moment. Also, there is a lot of resistance to the left of the chart (red line). And last but not least, the USDJPY is at a top of the triangle. Keep an eye on that currency pair as well. As soon as the UJ breaks upwards, there will be a high chance of seeing upside follow through on the Ferrari.
Thank you for tuning in! Do you like trading ranges or are you a trend trader? Are you going to trade the Yen break out if it occurs? Let us know down below!
Good Trading!
For more info: Forex Triangles
The post Forex Triangles appeared first on FX FOREX.
If you are serious about your trading and want to build an enduring edge the Stockbee Member site might help you. Members tell me they have tried lot of things before coming to my site and it has offered them the most extensive and detailed methods to swing and position trade.The member site is one of the most recommended site for learning to trade by other traders and bloggers. No advertising, no hard marketing, no promotions, no free offers, no affiliate marketing, no incentive to other bloggers to promote the site, no constant twits self promoting the site and no tall claims, every member comes through word of mouth recommendation.As a member you will learn the basics of swing trading, momentum investing, growth investing and …
via stockbee:
However underlying stock action in momentum stock does not show high probability of continuation. Most of the momentum leaders are in retreat or range bound. There are very few orderly pullbacks.
That means one need to look at the new leaders. Banks were clearly the new leaders yesterday with several of them having breakouts on Friday. If they follow through then they will offer swing opportunities.
For more info: A bounce but will it follow through
The post A bounce but will it follow through appeared first on FX FOREX.
