We have fiddled around in recent days with key inflection points in risk, including the 200-day moving average in the US S&P500 and the Ichimoku cloud level in USDJPY, not to mention the 200-day moving average in risk trades like USDCAD, but today seemed to offer a rather definitive statement on the fate of the risk on, risk off trade for now, as the strong risk sell-off took control into the finish today. EURUSD fell below 1.2000 and Dow 10,000 also gave way on the day. All risk indicators pointed south. This looks like a very emotional environment, and leverage should be adjusted accordingly.

by: saxobank

The dollar and yen rose while stocks fell on Friday. Goldman Sachs Group Inc. was sued by SEC for fraud tied to packaging and selling collateralized debt obligations. President Hu Jintao reiterated that China is moving forward with a gradual “managed” floating exchange-rate plan. US economic data were mixed; March housing starts and building permits were better than anticipated while April consumer sentiment was weaker than expected. The S&P 500 index fell 19.54 to 1,192.13. The euro was pressured by ongoing worries about debt-laden Greece. Sterling depreciated on increased risk of a hung parliament after UK's third party, the Liberal Democrats, gained in opinion polls making it less likely that any party could win a majority. The Australian and Canadian dollars fell as commodity prices dropped and risk aversion rose.

The USD/JPY fell as investors sold risky assets. Japan's ruling party said monetary easing and currency invention are needed to combat deflation. However, the comment did not seem to affect the pair. Since failing to break the 94-area resistance, the USD/JPY has been consolidating gains. Still, the long-term technical outlook is bullish. The long-term downtrend was broken and the pair will likely resume its rally. Resistances are in the 94.50 and 96.50 areas and supports in the 91.50 and 90.00 areas


Hans Nilsson
Capital Market Services, L.L.C.
www.cmsfx.com

Previously Signal
Sell Eur/Usd @ 1.3417
Target : 1.3273
Stop Loss : 1.3600

on 30 March 2010, 5 PM GMT

Update Signal:
Change Target Close @ 1.3342 on 8 April 2010, 6 PM GMT
Result, Profit 75 pips

I close the trade because now the market doesn't have clear direction. I still view Bearish, but until i get clear direction i prefer stay away from market. I think Eur/Usd can reach 1.30 major psychology support level.

The foreign exchange markets are completely around Forex trading systems. Whenever you're interesting in building your investments and finding out more about how you'll be able to make income in the foreign markets, Forex is what you ought be looking for understand and learn more about. Even as there are all cases of investment schemes in your own state, in products and companies that are sold near where you live and work, you can also get involved in the companies and products that are sold abroad. Foreign exchange markets are some of the hottest markets that you can find to make money in your investing portfolio.

The exchange rate of country to country can be just one interfere where you're going to make money. Since the dollar, changed to another currency can equal more opportunities to purchase another stocks. The companies you're going to be investing in will be placed in that other currency so you will need to convert your money into that other currency before investing.

You can invest in Forex trades on your own or by a broker firm. If you are going to invest your money on your own, it's advised that you learn about the company, about the other methods of trade, and you learn many about the currencies where you are going to invest your money. There are over one trillion bucks in trades made per day in the Forex markets. If you are careful and study where you are going to put your money, you can earn a lot by creating the right choices. It takes at the least two months worth of trading on the US market to compeer the trades that are going on in the Forex markets. Foreign companies are open to investors, and will give great payoffs to those who ‘act’ their preparation.

You will need to learn and study the charts of the companies you are going to consider investing with. Charting and following the growth and the downfalls of companies can be seen if you take your time before jumping in and investing. This is one thing that a Forex trading system is going to open you to. Forex trading systems are methods that are already proven for watching and detailing companies as they change and grow. Without some type of Forex trading system to follow you might in the dark to find that company that's just right for your motives while investing.

Forex trading systems are going so real popular since there are so many additional techniques that can be wont to get into the markets that are not available through the New York Stock exchange. If you would like to reach a Forex trader you could be reaching on that works on from their home, or in an office that is around the world. Following a particular Forex trading system is something you will become more comfortable with as you learn more about the individual marketplaces, the companies, and about the value of foreign currencies. Give your mind to create money using the techniques you can learn, and complete on your own time.

my signal previously until now had bad results. it's almost hit my stop @1.3600

but if we see tomorrow about NFP payroll, i expected about good NFP news for Usd, it still can touch my target @1.3273

Short-term day trading, much called scalping, has turn a more and more pop form by trading. Seizing fast pips on one-minute graphs and closing the computer to enjoy the rest by the day is a dreaming for numerous traders. Deflecting the likely event risk of holding positions overnight is also a powerful motivator. However, short-term scalping is one of the most difficult forms of trading to master as rapid wins are usually met with equally rapid losings. The trouble is solving how to go about it.

If you are full time trader, you can trade with this scalping methods, but if you are just part time trader, beware if you want to be a scalper.

Have a nice day folks, and prepare for NFP tomorrow.

Sell Eur/Usd @ 1.3417
Target : 1.3273
Stop Loss : 1.3600

Euro goes bad to hang in to gains versus dollar and yen made earlier today. Greece's EUR 5b seven-year notes dropped on first day of trading. Yield premium broadened about 0.34% to 3.68% all over bench mark German debt. Euro is also somewhat forced by selling in EUR/GBP as well.
A weaker bias to Eurodollar short interest rate futures was aided by a Conference Board consumer confidence news report that not just caught an upward revision to the February reading but also went in stronger than was forecast for March. The headline number showed a gain of 52.5 against an expected 51.0. In addition index values inside the survey showed that consumers are growing increasingly confident about the future, while the nowadays conditions index grew to a 10-month peak. Consumers also saw outcome betterment in the labor market saying that they thought jobs were plentiful when those considering jobs were scarce turned down.

In today’s world we all use money on a every day basis. Have you ever stopped to think what money as a matter of fact is?

• Money is a source of exchange

• It's a unit of account

Money is a source of exchange.

All throughout history on that point has been an exchange system in base. One example is Rome back in 550 B.C.E, salt was exchanged for goods.

Originally a conch shell, which is a maritime mollusc with a large brightly coloured spiral, was used in exchange for goods.

Here is the point.

Any object can be used in exchange for goods. Once this object is used to barter goods, it is a medium of exchange. When trust is built up in this object it leads it to go important and valued. It then goes a “money system”.
What about the object we use today?
As we have just said, salt was exchanged for goods; today we use coins and notes.
These coins and notes are recognised “objects” which are accepted in society and believed.
This leads on to the second detail.
Money is a unit of measurement of account.
What does this think?
It is how the “target” is measured or valued- It is what it is worth.
For example, a car sales person wants to sell a second hand car. He couches a value on the car for £2000. A customer walks into the car show room and asks “how much”. £2000 answers the sales man. This price has become the unit of account statement; it is valued or measured at that price. In other cultures the unit of measurement may be a different object. E.g. if goats is the trusted “object” for the exchange, then instead of that motor car having a market value of £2000 it might 100 goats!
• It's a store useful
• Money isn't real
The third point is money must be a store of value.
The “object” must have a market value that can be stored for next use.
For example, a man who sells lap tops has in his ownership one hundred lap tops which he can sell for future trade. This is beneficial for him because he has a store of market value, when he sells the lap tops he will add value to his business and himself.
Maybe you keep a cash box at home. The currency in the box holds market value and can be used in a future date. The currency is a store of value.
Is money real?
Here’s the thing, money is not real. How come is this info?
We have already discussed that money systems are only “objects” which are sure and acceptable.
If you lived in a culture where goats were the “object of exchange” would you view them as real money?
Money is the body of value. This value is decided within ourselves. For example, take 2 people.
One man loves the old silent movies the other man does not. They are both offered an original silent movie film. The film buff is so excited at the thought of owning this film he offers £1000 to buy it. The other man offers £10 because he does not hold any value to the item. See the difference; it comes down to internal value on an item.
If money was real they would have as is value.
Also read back to the first three questions, it mentions about the personal note value on an object.

What Are Your Investment Goals? When it hits investing, many first time investors would like to jump right in with both feet. Unfortunately, very few of those investors are successful. Investing in anything requires some degree of skill. It is important to remember that few investments are a sure thing – there is the risk of losing your money!

Before you jump right in, it is better to not only get word more astir investing you said it it all works, but also to determine what your goals are. What do you hope to achieve with your investments? Will you be funding a college education? Buying a home? Retiring? Before you invest a single penny, really think of what you hope to achieve with that investment. Knowing what your goal is wish help you make smarter investment decisions along the way!

Too often, people invest money with dreams of becoming rich overnight. This is possible – but it is also rare. It is usually a very bad idea to start investing with hopes of becoming rich overnight. It is safer to invest your money in such a way that it will grow slowly over time, and be used for retirement or a child’s education. However, if your investment goal is to get rich quick, you should learn as much about high-yield, short term investing as you possibly can before you invest.

You should strongly consider speech a financial planner before making any investments. Your financial planner can help you determine what type of investing you must do to reach the financial goals that you have set. He or she can give you realistic information as to what kind of returns you can expect and how long it will take to reach your specific goals.

Again, remember that investing requires more calling a broker and telling them that you prefer to buy stocks or bonds. It takes a certain amount of explore and knowledge about the market if you hope to invest successfully

The euro raise about 120 pips after IMF agreed to help Greece debt situation on friday. And Eur/Usd open higher about 70 pips gap on monday market open. The Greek bond sale will be an important hurdle for the EUR, but it is unlikely to prove to be the last suggesting that the present move higher in EUR/USD is likely to prove to be temporary. The better mood concerning EMU has lifted risk appetite this morning. Adding to the positive tone was better than expected Eurozone business confidence data. The JPY, however, has been reluctant to extend its softer tone into the European morning. USD/JPY has held within its recent range close to the JPY90.50 area; the upside in EUR/JPY stumbled at the 125.25 technical resistance area. The performance of the US treasury market is set to remain a dominating influence on USD/JPY this week. Expectations for a positive US payroll report on Friday are likely already well priced in suggesting the USD/JPY longs may be vulnerable to a disappointment on payrolls and potentially to further signs of Japanese economic improvement in this week's Tankan survey.

next week is the time for US NFP, so we must becareful with our trading. maybe the range for next week is between 1.3100-1.3600.
just want to say, make sure with your assets. safety first guys :)

Three pairs gained on the dollar, two lost ground, and one moved sideways in trade on Friday, to leave a set of dollar index component charts that have very mixed trend and momentum reads. The Daily chart trends on all of the majors are showing long-Usd, with the exception of Usd/Cad. However, all are showing technical price action that is struggling to hold the Usd selling that does hit.

Eur Daily chart is short, with 1.3600 the main price point, the 4 Hour chart is short, with 1.3350 the main price point.
Gbp Daily chart is short, with 1.5100 the main price point, the 4 Hour chart is short, with 1.4900 the main price point.
Aud Daily chart is short, with 0.9150 the main price point, the 4 Hour chart is long, with 0.9100 the main price point.
Cad Daily chart is short, with 1.0250 the main price point, the 4 Hour chart is short, with 1.0220 the main price point.
Jpy Daily chart is short, with 1.5100 the main price point, the 4 Hour chart is short, with 1.4900 the main price point.
Chf Daily chart is long, with 1.0650 the main price point, the 4 Hour chart is short, with 1.0650 the main price point.

The trading patterns are revealing a main swing point that is being put in place, that although may take time to form, looks to be setting a solid area of support on the dollar index. Attention will now focus on the ranging Daily chart set-ups that could potentially offer substantial runs, and to then compliment that with 4 Hour intra-day charts set-ups that may offer some contrarian trades as the major pairs move in varying directions in-line with macro-economic news releases. Signals will follow as this all unfolds.

Traders have to be aware that European markets move to daylight savings time on Sunday, and therefore the European futures price move now goes back to 2am ET, and the Chicago reaction to London oil, gold, and LIBOR rates gets back to 6-7am ET. The other variable this week is that U.S. Non-farm Payroll numbers are released on Friday, into a global market that is closed.

The same thing happens next Monday, when U.S. economics are released as most regions are again closed, for the 4-day Easter bank holiday that the U.S. does not celebrate. This may cause chaos in regard to price action, especially if the U.S. releases are much better, or worse, than expected. Outside of the bank holiday times, the economic calendar is very quiet this week, but that really could be the ultimate in calm before-the-storm moves.

Written by TheLFB Trade Team, © 2007-2008 LFB Services, LLC. All rights reserved. http://www.TheLFB-Forex.com

Bank Holiday Week Will Impact Forex Trade

Three pairs gained on the dollar, two lost ground, and one moved sideways in trade on Friday, to leave a set of dollar index component charts that have very mixed trend and momentum reads. The Daily chart trends on all of the majors are showing long-Usd, with the exception of Usd/Cad. However, all are showing technical price action that is struggling to hold the Usd selling that does hit.

Eur Daily chart is short, with 1.3600 the main price point, the 4 Hour chart is short, with 1.3350 the main price point.
Gbp Daily chart is short, with 1.5100 the main price point, the 4 Hour chart is short, with 1.4900 the main price point.
Aud Daily chart is short, with 0.9150 the main price point, the 4 Hour chart is long, with 0.9100 the main price point.
Cad Daily chart is short, with 1.0250 the main price point, the 4 Hour chart is short, with 1.0220 the main price point.
Jpy Daily chart is short, with 1.5100 the main price point, the 4 Hour chart is short, with 1.4900 the main price point.
Chf Daily chart is long, with 1.0650 the main price point, the 4 Hour chart is short, with 1.0650 the main price point.

The trading patterns are revealing a main swing point that is being put in place, that although may take time to form, looks to be setting a solid area of support on the dollar index. Attention will now focus on the ranging Daily chart set-ups that could potentially offer substantial runs, and to then compliment that with 4 Hour intra-day charts set-ups that may offer some contrarian trades as the major pairs move in varying directions in-line with macro-economic news releases. Signals will follow as this all unfolds.

Traders have to be aware that European markets move to daylight savings time on Sunday, and therefore the European futures price move now goes back to 2am ET, and the Chicago reaction to London oil, gold, and LIBOR rates gets back to 6-7am ET. The other variable this week is that U.S. Non-farm Payroll numbers are released on Friday, into a global market that is closed.

The same thing happens next Monday, when U.S. economics are released as most regions are again closed, for the 4-day Easter bank holiday that the U.S. does not celebrate. This may cause chaos in regard to price action, especially if the U.S. releases are much better, or worse, than expected. Outside of the bank holiday times, the economic calendar is very quiet this week, but that really could be the ultimate in calm before-the-storm moves.

Written by TheLFB Trade Team, © 2007-2008 LFB Services, LLC. All rights reserved. http://www.TheLFB-Forex.com

TheLFB Risk Disclaimer can be found at http://www.thelfb-forex.com/content.aspx?id=174.

The Copying, Broadcast, Republication or Redistribution of TheLFB Content is Expressly Prohibited Without the Prior Written Consent of LFB Services, LLC.

Introduction
---------------
Forex Robots are automated systems that trade the forex market for you. They are also known as expert advisors (ea's) and can be referred to as automated trading software.

Advantages
----------
They are useful if you dont have time to trade the currency market on a daily basis. This is referred to as day trading and in some cases scalping. The automated software will can trade for you and make you profit provided you choose a good forex robot. There are reviews all over the net on the different robots available. Forex forums are a good place to look for information. The also reduce the stress day trading can cause and help aspiring traders who have discipline and emotion problems. These can both have a negative affect on trading. Fear and greed are eliminated when automated software trades on your behalf.

Disadvantages
----------
Some people claim that forex robots do not work. Of course not all work but there are a few that can produce profit provided they are used correctly. Factors that have to be considered are: Does the forex robot use a stop loss? You should never use a martingale system as this can blow your account in a single trade. It is also important to choose a broker who has a competitive spread on the pair that the forex robot trades on. Many systems look good in back testing due to slippage, spread and execution delays not being taking into consideration. It is a good idea to forward test the expert advisor before using it on your live account.

What to look for in a forex robot
-----------
Make sure that it uses a stop loss. It would be an advantage if it runs on currency pairs with low spreads. Also check the time that the ea is active. Scalping ea's that run during the quieter times are amongst the most profitbale and have little risk. Even scalping robots can bring big profits with small drawdowns.

Where to look for more information
-------
You can find additional information on forex robots in forex forums, social video sites and blogs. In my resource box I have included a link to a video of a forex robot that is a good start. Just make sure that you do your research but also test the robots for yourself as many so called traders have no clue how to use them and modify them untill they no longer work!

Summary
--------
Forex robots do work, it is just a matter of back testing and forward testing untill the system is optimized to bring the highest amount of profit with the smallest amount of risk and drawdown. I use an ea on my live account that I have setup on a virtual private server and it brigns me great results everyday without me having to go through the stress that manual traders do.

Good Luck with your trading!

By: Richard Swaby

(ArticlesBase SC #1565540)

by: Paul Hamilton

article from here