Trading can be made easy if you have the right indicators on your trading charts. So i’ve been told. I’m on a journey that could last awhile and this is my challenge. Can i learn to code in mt4 language and program signals and trading alerts that i might later use to put on automatic pilot. My progress can be seen on www.trading-averages.blogspot.com Any help or advice is welcomed. Thanks
After sliding nearly 120 pips during today’s London session, the EUR/USD currency pair spent much of the New York session clawing back half of that drop. That euro recovery set up a 40-pip short trade, which came together during the hour before the London close.
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Euro bulls were nowhere to be found during today’s EU Summit held to discuss Greece’s debt problems. The EUR/USD currency pair fell more than 100 pips during the 4 hours between the New York open and the London close.
The US dollar continued its recent strength across the major currency pairs during a day light on economic reports. A blend of fundamentals and technical analysis pointed to the EUR/USD as a viable prospect for a short trade at the open of the New York session. Pivot points and currency correlation provided excellent guidance on selection of the profit target for a 60-pip trade on the euro.
Capital preservation was a valid position today, as the US dollar consolidated after losing ground against most major currencies during the Asian and London sessions. A 55-pip scalp trade on the GBP/USD currency pair was arguably the best setup today’s New York session had to offer.
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May 04 2010