Article Content:
I’ve been reading very positive reviews of Peter Brandt’s book on Amazon for some time and, recently, I’ve decided to read the book myself to see if it’s really that good. Diary of a Professional Commodity Trader: Lessons from 21 Weeks of Real Trading turned out to be a rather …


———————

Article Content:

Floor Pivot Points

Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res

EUR/USD
1.2625
1.2741
1.2849
1.2965
1.3073
1.3189
1.3297

GBP/USD
1.5043
1.5201
1.5373
1.5531
1.5703
1.5861
1.6033

USD/JPY
75.30
76.07
76.47
77.24
77.64
78.41…

———————

Article Content:
First, I’d like to wish everyone a happy New Year. Today is December 31st and the trading of the year 2011 has already ended, so it’s time to wish successful trading to all Forex traders in the next year.

My forecasts for 2011 were a complete failure. Mainly due to the worsening of the eurozone debt …


———————

Article Content:
Following my recent post on “scaling in” in Forex trading, I’ve decided to learn the opinion of my readers about this technique. I’ve already asked about “scaling out” (closing positions partially) a month ago and the results surprised me with more than a half of voters being pro partial position …


———————

Article Content:
EUR/USD jumped today as China’s and US Purchasing Managers’ Index rose, while global stocks rallied, reducing demand for the dollar as a safe currency. The minutes of the FOMC meeting indicated that committee members believe that more stimulative monetary policy may be required in the future.

ISM manufacturing PMI was at 53.9% …


———————

Article Content:
EUR/USD dropped to the low last seen in September 2010 as concerns about the European crisis returned to the Forex market, while the US economy continued to show signs of recovery. Today’s data was good, especially the unexpected advance of employment. That allows traders to believe that nonfarm payrolls will be better than …


———————

Article Content:
EUR/USD dropped today as US employment growth was bigger than forecast and the unemployment rate provided a pleasant surprise, falling last month. It looks like the major concern of investors — the high level of unemployment in the United States — gradually loses its strength.

Nonfarm payrolls grew by 200,000 in December, …


———————

Article Content:

Floor Pivot Points

Pair
3rd Sup
2nd Sup
1st Sup
Pivot
1st Res
2nd Res
3rd Res

EUR/USD
1.2205
1.2451
1.2584
1.2830
1.2963
1.3209
1.3342

GBP/USD
1.5009
1.5190
1.5306
1.5487
1.5603
1.5784
1.5900

USD/JPY
75.86
76.22
76.59
76.95
77.32
77.68…

———————

Article Content:
EUR/USD advanced for the second day today as German Chancellor Angela Merkel meets with the head of the International Monetary Fund in Berlin today, following the meeting with the French President yesterday. The meetings spurred risk appetite among investors, deterring pessimist from continuing sell-off. In the meantime, the US economy continued to show signs …


———————

Article Content:
In theory, the hourly statistics of the currency pairs should be pretty consistent in Forex. Some pairs should be traded more actively during the European session, some during the US trading session, and others during the Asian session. Of course, the conjunctions of the sessions should be even more active for some of the currency pairs.…


———————