EUR gain strength over night
Posted on Friday, April 23rd, 2010 at 2:33 am.
It’s amazing when you use magic stick and look for the commitment of the market of what direction it’s going it make it easier for trader that understand support and resistance and trendlines. The hardest thing for traders it too stay in front of the computer for the signal to get in and especially for everyone around the world. People sleep don’t they???? Well that is why magic stick is here to make sure you are able to take advantage of the market and look for that commit or other words make money while sleeping. I’m excited to say forex circle has really made a difference in the world of trading. Forex with the fundamentals, technical analysis and expert advisers. Now if you compare the forex magic stick with any robot there is amazing difference. Things change in the market daily what robot can you adjust to todays economy???? I would just say 1 that is right magic stick. We have done the research to know that all robot can work but depends on what market conditions. We are delivering a concepts that has worked in the 1920′s and now and also for the future traders.
Markets are following the Leader
Posted on Monday, April 19th, 2010 at 4:46 pm.
A lot of the pairs are having similar moves in the market and you can see all of them have similar formations. When you trade the Forex or any market you sill need to treat each currency pairs as a individual pair. Correlating trading is a secondary way to look at market when the are starting to pick a direction. As you can see all the Yens tend to have this type of behavior in the market. Trading with methods that we teach you will see it’s universal concepts to base your trades off of. You also include that the fact is some markets are more volital then others. Other move a little different than other because of time and sessions. Those that have been trading with Magic Stick should be excited that the trading tools results and making consistent income with the tool and as you can see it works in all market conditions time frames and even different brokers.
Fill that Gap and going back to Normal conditions
Posted on Monday, April 12th, 2010 at 11:49 am.
A lot of forex traders don’t know what to do when they see a GAP in the market. The GAP in the market was caused by the Greece bail out and knowing anything trading against the EUR or the GBP and CHF would Gapped. So in situations like that you trade like you are filling the gap and make some easy points. What is going to happen next is we want the market to start to normalize before jumping in and assume a direction. The volume from the market at this current time is very slow during Sydney session. I expect that with the Asian market things will start to move and then when london rolls around we might see some really good setups in the Market.
Commodity Currencies!!!
Posted on Thursday, April 8th, 2010 at 9:35 am.
The NzdUsd had a very pressurized white candle on this week on the daily chart. This move looks to be ready to continue given the current candlesticks on the hourly time frame. Also the UsdCad hit the hourly gap it really bounced off, now has broken the 13 ma. AudUsd also had a very solid break of the 13 ma. I really like these setups right now for a long term continuation of this swing. Overall we should have a lot of easy pips to pick up on.
Usd Jpy
Posted on Monday, March 29th, 2010 at 1:56 pm.
Major consolidation. Just waiting for a breakout either way. If the move is Long, taking it near the WR1 for my tp. It is in a one trend two trend so if it breakouts short, going to the original trend. Every hour I will be looking at it until liftoff!
huge moves what is going to happen next in the forex
Posted on Wednesday, March 24th, 2010 at 10:02 pm.
There was some really big moves in the forex this last london and new york session in the forex. Few things we are looking at is possible retracement or retest and continuation trades. What we are looking for the market to set something up for us or looking for candle patterns waiting for the market to pick a direction. Forex education is probably the most important thing right now because if you go out there and trade on your own possible to lose your live account is at 95% and when the markets are flat and have no direction most people still would trade. We are here to tell you what kind of market we are up against. Covering trade setups and execution is obviously the most important thing to make money in the forex.
Finally forex moves in a easy way
Posted on Tuesday, March 23rd, 2010 at 8:01 am.
Sunday and monday their was some good moves but looking for a easy and predicable market. It’s been in some consolidation sometime and looking at the bigger picture we are finally making moves that make sense. It’s easy to make money in forex if you have a direction i thing people get too eager too trade so they tend too over trade the forex market. It’s good to get properly educated when learning forex trading because if you don’t know how to read the market it’s easy for people to lose money and in our family of traders we want every single one make consistent money with the forex.
GBP currency pair
Posted on Monday, March 1st, 2010 at 10:37 pm.
As you may know the GBP is in a tough situation and is at a extreme level with the Fib levels. If greece doesn’t get their act together i wouldn’t be suprise that the GBP pairs will keep on dropping it’s a currency pair that is known to be very volital. Looking at a reliable indicators are the support and resistance lines and candle stick patterns other than that we want to see some commitment out of the market for a firm direction. It would surprise me that there would be a continuation of a downward move but wait for that signal.
Plan your trade and trade your plan
Posted on Thursday, February 11th, 2010 at 4:54 pm.
In chart therpy we go over trade setups and literlly tell you exactly what to look for in the Forex market. We had the plan all you have to do is understand the plan and trade it. We will cover all the currency pair over and over again so you can also trade like a PRO Forex trader. Why not trade with someone that is already doing for himself in the Forex market. It’s easy to get overwhelm and not have a direction in your education and knowledge of your chart so it’s a good thing to know you can join us in these sessions and they are also recorded to help you understand and think like a currency trader.
Big move during New york session
Posted on Tuesday, February 9th, 2010 at 12:01 pm.
When you see the move during new york the GBPJPY and the EURJPY behave pretty much the same way in the forex market Both markets took at 80 pip take profit with both trades and looking for some consolidation or break out probably later tonight during the Asian session. Look for confirming candle formation and enter trade at the close for the commitment in direction.
