12:33pm GMT

The yesterday candlestick in the daily chart is formed as a big Bearish candlestick that broke down the Bollinger middle band. Today candlestick which still has about 12 hours to become completed has not been able to go down and break the yesterday’s candlestick lower price yet. It is several days that the candles have been moving around the Bollinger middle band and none of the Bulls and Bears have been able to take the full control yet. Maybe today one of them will do it. Read the rest of this entry »

Hello my friends

The big wave that I warned you about it last night came today afternoon and we could make some good trades. As I told you these big movements come after a support or resistance breakout and if you like to take the advantage of them you have to look at the candlesticks and find the supports and resistances. Read the rest of this entry »

4:00pm GMT

Fundamentals: 2:15 PM - FOMC Policy Statement. FOMC is an important news so be careful.

In the daily chart, the price is still fighting with the 23.60% level as a resistance. Yesterday’s candlestick just touched this level and then went down without any success. Today candlestick is trying harder and has been able to break the yesterday high price. So it is possible that Bulls take the full control today and the price goes up. Read the rest of this entry »

Hello my friends

Today was a slow day and most of the currency pairs were ranging. This is not good because we can not trade properly but it has a good aspect too. When the market is slow, a big movement is on the way and if you get ready for that, you can take the advantage of it. Read the rest of this entry »

2:39pm GMT

The daily chart doesn’t shows any significant improvement since yesterday except it seems the Bollinger middle band is broken and so there is more probability that the price goes up. As you may remember, yesterday I told you that the daily shows indecision. It seems the Bulls are getting stronger. As you know Bulls act much more slower than Bears and so when we take a long position we have to have more patience. Read the rest of this entry »

My forex reporting arrangement is changed again. Sorry for several changes but I am not fully organized for publishing the reports yet and have to change the program to balance everything. But I think I am on the right track now. To know about the last changes I have made on the report publishing arrangement please take a look at this page and if you have any suggestion, please let me know by posting a comment on the same page. Read the rest of this entry »

Hello my friends

We are at the beginning of a new trading week. The first thing I’d like to suggest you is reading the article I written about setting the stop loss and limit orders. Stop loss and limit orders have been one of the most common questions I have been asked by you. Many traders lose just because of wrong stop loss orders which become triggered before the price goes to the direction that they predict. So It is important to know how to set the stop loss order. Read the rest of this entry »

Stop Loss and its proper position is the question that I have been asked by forex traders so many times. What is the best place to put the stop loss and limit orders?

Stop loss is a must. You have to have it when you trade even if you are an intraday trader and you sit at the computer and watch the price movement and all your positions are closed at the end of your trading day. Read the rest of this entry »

We are so close to the end of the market this week. I am sure those of you who have been stuck to the computer during the week will take a breeze at the weekend to become refreshed for the next week trading. That’s a good idea.

Just in case you found any free time, take a look at the below reports I published and read the “tip of the day” once again. I always find and learn new things when I read an article for the second time. Read the rest of this entry »

Hello

Thanks a lot for taking the time to answer my questions and show me the way. I have read all the comments you posted and will reply them one by one after posting this report.

Form what I could understand from your comments, most of you like the way that I have been publishing the reports so far and like me to keep on doing that. For most of you learning the technical analysis is important and you like to see my analysis and although you like to take the advantage of the trading opportunities on time, learning the analysis is more important for you. Read the rest of this entry »