Forex Trading Blog

Money cannot be transferred to liqpay from privat24

Published 30.03.2014 at 07.35 PM.

Recently, a lot of people are posting complaints about the liqpay electronic payment system. The main problems users are facing are frozen payments and double conversion when making transactions in a foreign currency. I cannot confirm the information on frozen payments as when I was making test transactions to liqpay through a Privatbank card, the whole amount was credited in a few minutes. As for a double conversion for transactions in a foreign currency, it was impossible to check it. When making a transaction from a card in US dollars to an account in liqpay through privat24, I was informed:

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News

USD/CAD. H1-D1 time frame, March 21, 2014

Published 21.03.2014 at 12.00 PM.

On March 21, 2014, a bearish setup was formed on the USD/CAD chart. Let’s have a look at the currency pair movement on Н1-D1 time frames. First, we are going to deal with a daily chart. We can see a shooting star pattern formed in the upward trend. This pattern doesn’t require confirmation. I’d recommend entering the market at the open of a new candle with stop loss above the star tail. At best, a bearish divergence would be formed that can give the price momentum to break the channel and target the 1.0830 level.

Indicators and signals

EUR/USD. ТF H1, 14.03.14.

Published 14.03.2014 at 07.41 PM.

Dear friends,

If anyone hasn't sold euro yesterday, he can do it today. After the falling this pair rolled back to 76,4%. On ТF Н1 a candle model “falling star” has been formed. I recommend to open sell orders on market price. Stop loss at 1,4100.

The goal for sales - 1,3650 (probably it will be corrected).

I think that on Н1 there's a good opportunity for the 3rd wave developing.

Indicators and signals

EUR/USD. D1 time frame (mid-term), March 13, 2014

Published 13.03.2014 at 07.41 PM.

With reference to the previous forecast on March 11, the price reached the take-profit level at 1.3960. At the time of writing, an entry point for short selling occurred in the H1 time frame):

- a candlestick pattern called the railway track;

- bearish divergence.

I’d also like to mention that in daily charts we can find the formation of the bearish Wolfe wave pattern. Now the price is located around Point 5. Pay attention that we deal with a narrow sweet zone and cannot place a short stop loss order.

Indicators and signals

Morning flat breakout trading strategy

Published 04.03.2014 at 10.41 PM.

Hello, dear friends!

Today we are going to deal with a trading strategy called Morning flat breakout. With this strategy, you need only 10-15 minutes a day for trading. We will spend this time to place pending orders.

We recommend the following currency pairs: AUD/USD, EUR/JPY.

First, download and apply to a chart the MorningFlat indicator that will show the upper and lower boundaries of the channel formed during the Asian session. In addition, the indicator is going to calculate the take-profit level. It is set at the 161.8% Fibonacci extension level by default.

Trading systems

TS from David Bradshaw

Published 13.02.2014 at 12.35 PM.

Hi, everyone!

Today I’m going to examine a trading system by David Bradshaw. It is a scalping system, in which trading is carried out on the M5 time frame.

First and foremost, download and install three indicators and a template into a trading platform:

DOWNLOAD INDICATORS + TEMPLATE

Unpack the indicators to the folder: ...\InstaTrader\MQL4\Indicators

And the template to the following folder: ...\InstaTrader\templates

Trading systems

Electronic payment systems in Ukraine

Published 08.02.2014 at 05.17 PM.

Hello, dear friends.

The time has come when you are done playing on a demo account and have now decided to deposit some real money for trading on Forex. And there comes the question: what payment system is best for money transfers? Back in my day, I spent loads of time to find the optimal option. I’ve tried a whole range of electronic payment systems, banking and postal transfers. Eventually, I’ve made my choice: LiqPay works best for me.

News

EUR/USD: post-trade analysis (February 7, 2014)

Published 07.02.2014 at 11.30 AM.

Euro bulls pulled off a strategic victory during yesterday’s New York session. Unfortunately, my shorts were stopped out at 1.3580. Considering the volume around the 1.3535-1.3550 sell zone, we can definitely forget about selling for now.

You can clearly see on the chart loads of positions accumulating from 1.3480. Yesterday the price skyrocketed from that level. During Draghi’s speech, I viewed the rally as a race for stops promising a potential downtrend resumption. However, the volume around the sell level suggests a high probability of a near-term end of the downtrend. What we should do now is to wave goodbye to the slice of profit taken away by the market and go with the flow once again.

Forex analysis

Forex trading signals

Published 04.02.2014 at 11.17 PM.

Hello dear traders!

In this section I will publish trading signals and also my vision about the moving of currency pairs, oil and metals. Here you won't see two-side arrows used by many analysts. In my opinion signal must be unique with exact take profit & stop loss levels.

The minimum time frame used in trading is М30. I prefer the Н4 time frame. Thus you will have enough time to open a trade.

May the profit be with you!

Indicators and signals

EUR/USD, 30M TF

Published 03.02.2014 at 04.40 PM.

Hello dear traders.

The Bucket and Rails patterns were formed on the EUR/USD pair in the 30-minute time frame. It is recommended to open long positions with a stop order at the 1.3470 level (5 pips below the low) and take profit, at 1.3542 (161.8% Fibonacci extension).

The signal has the following disadvantages:

- trading against the trend in the 4-hour time frame;

- short-term entry in the direction opposite to the forecasts for higher time frames (D1 & W1);

Indicators and signals

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