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EUR/USD Weekly Analysis (Wk Strt 22nd April 2012)

Posted by Nick 13

EUR/USD 4hr Chart Analysis

EUR/USD Last Week

The Bears took control of EUR/USD early last week pushing the price down to the 1.3000 psychological level. However, the Bears could not make a sustained break past the massive 1.3000 psychological level. After reaching 1.3000 two indecision candles formed and the Bulls took control of the market. After a strong push by the Bulls fizzled out price fell back into last weeks range between the 1.3040-1.3060 support area and the 1.3120-1.3140 resistance area.

On Friday morning EUR/USD finally manage to break its range. The Bulls pushed up to the 1.3190-1.3210 resistance area and ended the week stuck on top of it.


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Live Forex Trade Video +40 Pips on USD/CAD 8hr Chart

Posted by Nick 25

Hey Guys,

Have you ever traded the 8hr chart? Well I have been playing around with 8hr charts for the past two weeks and I am very impressed with them. In the video below I take a long trade on the USD/CAD 8hr chart. The trade did not go perfectly to plan but it was profitable. Check out the video below.
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Trade Vantage Review

Posted by Nick 51
I have been given a copy of the Pro version of Trade Vantage to review. I still believe that Trade Vantage is overpriced, falsely advertised and that nobody should buy it. However, I do admit there are some errors in the video below. I will be doing a final video update with a full and objective review of Trade Vantage soon.

Hey Guys,

In the video below I get access to a demo of Trade Vantage and have a look through it. Within a few seconds of using the demo I already spot inconsistencies and suspicious signals.

The video below exposes several issues I have found with Trade Vantage including repainting signals and poor forward trading performance.

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Trade Vantage – Scam or Not?

Posted by Nick 94
I have been given a copy of the Pro version of Trade Vantage to review. I still believe that Trade Vantage is overpriced, falsely advertised and that nobody should buy it. However, I do admit there are some errors in the video below. I will be doing a final video update with a full and objective review of Trade Vantage soon.

Hey Guys,

Today I received a bunch of emails from Trade Vanatage, a new site claiming to be selling an artificial intelligence based trading robot. After taking a look around the site I noticed something suspicious about the trading software. In the video below I explain exactly what I noticed and why you might want to think twice before shelling out a fortune for this software.
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EUR/USD Weekly Analysis (Wk Strt 15th April 2012)

Posted by Nick 25

EUR/USD 4hr Chart Analysis

EUR/USD Last Week

Last week I mentioned that EUR/USD might range between the 1.3020-1.3045 support area and the 1.3100-1.3125 resistance area. Well it turns out that EUR/USD did exactly that for the majority of the week. This tight range was perfect for reversal trades and I managed to snag two trades on the 1hr chart, one worth 50 pips and the other 40 pips. One of these trades was recorded as a live trade video, check it out if you haven’t already.

On the chart below you can see the two successful long reversal trades and what looks like a failed short trade. Last week the red highlighted resistance area was at 1.3100-1.3120, mid way through the week it was moved to its current level at 1.3115-1.3135. This means that the failed short trade below was not actually a trade. At the time the indecision and reversal formed too far inside the resistance area so it was not entered. If you refer to last weeks analysis you will see the former placement of this resistance area.
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Live Forex Trade Video +50 Pips on EUR/USD

Posted by Nick 11

Hey Guys,

This live trade video is a little different. Originally I planned to go short on EUR/USD and was waiting for a break of the 1.3000 level. However, the Bulls decided to take control of the market so I ended up entering a reversal. The trade lasted for over 12 hours, I opened it at 3:00 and closed at around 17:00 on my phone. As the trade was closed via my phone I did not record the end of the trade. I did add a part to the end explaining how the trade worked out.

Check out the video below.

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GBP/JPY Analysis (Wk Strt 1st April 2012)

Posted by Nick 1

Ever since I started posting my weekly analysis updates to Facebook people have been asking me for GBP/JPY analysis. I shouldn’t be surprised, this blog was primarily a GBP/JPY trading blog for several years. I do not trade GBP/JPY any more because of the dramatic change to its average daily range in mid 2010. However, I have been keeping an eye on GBP/JPY for the last few weeks and its clean and consistent moves have surprised me. The pair seems to have calmed down and a calm pair is usually an easy pair.

Please do not expect analysis every week on GBP/JPY as it is not my primary pair.
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EUR/USD Weekly Analysis (Wk Strt 1st April 2012)

Posted by Nick 20

What Will EUR/USD Do This Week

I have had a lot of Facebook messages from people asking me what EUR/USD will do this coming week….. will it go up or down?

Well, some analysts are saying EUR/USD is heading up to 1.3500. However, other analysts are saying EUR/USD has topped out and it is heading down. Personally I do not know or care what EUR/USD is going to do. I am going to prepare for both eventualities and take some trades whatever happens.
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Why Your 4hr Charts Look Different to Mine

Posted by Nick 18

Over the last three weeks I have been asked ‘why do your 4hr charts look different to mine?’ over twenty times. In this post I am going to explain why 4hr charts can look different from broker to broker.

Forex Broker Server Time

A Forex brokers server time is different to a brokers platform display time. Forex trading platforms allow you to change the displayed time to your local time. Changing the display time will not make any changes to your candle formations.
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