I uploaded a new Forex ebook to the site today — it’s called FX Destroyer. It was sent to me by one of the site visitors a couple of days ago. Although it’s full of advertising and it can’t be considered a «real book» due to the lack of theoretical base, it offers an interesting yet simple trading strategy that is free for everyone to try. I hadn’t enough time to test fully the FX Destroyer strategy that is presented in this ebook, but I hope that some of the traders who download this ebook will report on their testing results. If someone will find this strategy extremely unprofitable, please, don’t hesitate to comment about it here.
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Showing posts with label Forex strategy. Show all posts
Showing posts with label Forex strategy. Show all posts
Tuesday, June 17, 2008
EUR/USD Trade Idea for the Next Week
EUR/USD daily chart is currently showing a good possibility of a bearish breakout from the range traded since April 22. You can see the present range on this picture below:
If the next trading day closes below the current support line (which is near 1.5379 level), there is a great possibility of a fast drop on EUR/USD down to about 1.5000 rate. On the other hand it can fall back from the current level and continue trading within the range. Anyway if the range persists, a closing bar below the lower bond will mean a strong bearish breakout, while a close above the upper bond wouldn’t necessarily mean a bullish breakout.
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