"Foreign Exchange" Posts
Forex Intraday Bias: Lower Low Pivot Failure
By LawrenceWeekly Bias: Forex Monday
By Lawrence
Forex price actions on Mondays provide very important clues on what to expect for the rest of the week. Most of the time, day traders tend to focus so much on the series development in their charts they have forgotten that structure matters. Mondays being the initiation period of the week often define the rest […]
Weekly Bias: Expected Weekly Behaviour of Forex Majors
By LawrenceThere are certain weekly statistics that forex traders should know about the majors. These statistics by themselves do not give you very strong bias to lean on. In combination, however, they are very powerful filters for day trading and strategy planning. Let’s get started. (member-only content below)
Forex Market Breadth Analysis: Fractal Behaviour In Pair Correlations
By Lawrence
Forex pairs, especially the majors, do not usually move in a particular direction alone while the other ones doing that in the opposite direction. They often move in near synchronization. I am going to discuss the characteristics of this behaviour and how to exploit this relationship in short term trading to your advantage. (member-only content […]
Forex Market Breadth Analysis: Introduction
By Lawrence
I have been talking about this in my real-time chatroom for quite sometime and many people email me for the specifics. Here is an introduction of market breadth on forex markets. Some part of this article could be very technical. If you do not understand any concepts I write here just comment about it so […]
Another Move By China And UK To Reduce US Dollar Dependency
What’s next? http://www.marketwatch.com/story/uk-china-reach-currency-deal-2013-06-23-121035528?link=MW_story_latest_news