The single currency still move in a narrow range between 1.26 - 1.32 since beginning of September 2012. With a temporary bullish move after the international lender agree on a new debt upon Greece.
November 27, 2012
EURUSD SellOff
The single currency still move in a narrow range between 1.26 - 1.32 since beginning of September 2012. With a temporary bullish move after the international lender agree on a new debt upon Greece.
November 26, 2012
Daily Market Rhythm November 26
Right. The MACD shows a round top formation, after successful bullish move made by EURJPY. Is it ready to pullback?
November 22, 2012
EURUSD Re-Claim The Gain - PMI Data
source: fateeh
The EURUSD re-climbing the ladder upwards after improved PMI data from Germany and France as hopes for an imminent deal on an aid payment for Greece supported the single currency.
Therefore, the bullish rhythm is back as the EURUSD already broke the multiple resistances of EMA 21 and SMA 200. The MACD shows zero-break pattern (it cancel yesterday's yet to be confirmed bearish trend continuation pattern.
Nearest stops at the round figure 1.28.
November 21, 2012
Income Generating V.S Wealth Building
Do people make money trading currency, stocks options and speculating on commodities? Sure!
Are these same people creating wealth? No.
EURUSD Failed to maintain above 1.28
EURUSD losses 1.28 ground, as there is no fixed decision on Greece.
According to the market rhythm method on the EURUSD daily chart, the price already reached the typical pullback area at around EMA 21 = $1.2820.
The EMA 21, together with SMA 200 will act as the resistance now. A break lower than SMA 89 and continues selling action will confirm the bearish rhythm.
MACD shows a Trend Continuation pattern, yet to be confirmed.
November 20, 2012
Trading Like an Expert Event Organizer
THE DIFFERENCE BETWEEN EXCELLENT AND GOOD IS ATTENTION TO DETAILS.
Daily Market Rhythm: Week Starting November 19 2012
The EURUSD still have some steam to move up. It is now already reached the EMA 21 in the daily chart, altogether with SMA 200 after being supported by SMA 89 at around 1.2660. A break higher may lead the EURUSD to approach EMA 365 in the daily time-frame.
November 19, 2012
GAME: The Market is Much More Difficult to Predict than You
Follow this simple game to find out, how much pattern has enslaved us all.
November 18, 2012
The Minimum Requirements of Becoming A Trader
November 16, 2012
The Market Rhythm Trading Video by Mr Philip Nel
This is the original trading video uploaded by Philip Nel. He explained about the heart of the market rhythm in the video. Once you get a grasp about it, you will want to know further about the market rhythm method. It is far beyond a set of technical analysis indicators. It is a trading philosophy.
Daily Market Rhythm, November 15 2012
EUR gained some strength against the greenback with strong positive correlation with EURJPY move this week. The SMA 89 spotted some significant support at around $1.2660 and the MACD show a nice round bottom pull back signal.
November 14, 2012
Do You Trade Like a Monkey?
Imagine if we can teach monkeys to trade. Can we turn them into a bunch of successful 'monkey' traders? Or they will fail miserably?
November 11, 2012
Daily Market Rhythm - November 11 2012
The EURUSD is sinking. It broke down below the 200 day SMA and approaching the SMA 89 at around $1.2650. The price is moving below the EMA 8 and EMA 21 for several days, expecting potential pullback to EMA 21 one or two weeks from now.
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