Forex Trading for Tuesday May 15, 2012

Posted on May 15, 2012 @ 5:54 pm by forexjoe

Folks, further proof to focus every moment on Forex Trading before election and 2013 and 2014. -FJ

As of the week ending Apr. 25, 2012, the Fed reported its balance sheet reached a total of $2.92 trillion, up from $2.71 trillion a year ago, and up from $920 billion in March 2008—well before the brunt of the financial crisis took its toll on markets later in 2008 and early 2009.

DOW – down -63.35 points to close at 12,632.00
Oil – down -0.80 to close at $93.98 — $92.15 is next level of HUGE support
Gold – down -3.90 to close at $1,557.10 – Next level of support at $1,540 Continue reading →

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Forex Trading for Monday May 14, 2012

Posted on May 14, 2012 @ 12:46 pm by forexjoe

Aussie Dollar nears parity with U.S. Dollar. We’ve got political uncertainty in Greece, we’ve got the Spanish banks, and disappointing economic data of late both domestically and in largest trading partner China.

The RBA cut its key cash rate by 50 basis points at last meeting – twice the amount expected.

The latest cut is likely to be followed by more, perhaps as soon as June 5 if financial markets are correct.

Greece moved closer to fresh elections around June 17th as talks between political parties, who are divided over austerity measures, failed to establish a coalition government. Continue reading →

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Forex Trading for Sunday May 13, 2012

Posted on May 14, 2012 @ 11:54 am by forexjoe

Euro ready for action as Spain and Greece remain in turmoil…

The prospect of national bankruptcy and a return to the drachma appeared to be slowly sinking in among Greeks

Greece has entered their fifth year of recession, which in turn has left one out of five Greeks jobless

The Euro could hit the 2012 low of $1.2623 in coming weeks, with a break towards $1.2000.

Aussie nearing five month low. Kiwi nearing a four month low.

Success – One Day at a Time Continue reading →

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Forex Trading for Thursday May 10, 2012

Posted on May 9, 2012 @ 5:50 pm by forexjoe

Forex is a 24/7 market – but is the market action the same at all times? Of course not, but not many traders stop to consider the impact of this fact on their trades.

Emotion, or lack of discipline, is the greatest enemy of every trader. This is so true that one could argue that discipline is a more precious trading commodity than capital itself, since capital can only be sustained with discipline.

The simple reason is that emotion has no place in trading.

In order to be a successful trader one must have a consistent, well-tested trading plan or trading strategy. Continue reading →

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Forex Trading for Wednesday May 9, 2012

Posted on May 9, 2012 @ 5:34 pm by forexjoe

Rambling with Forex Joe

It’s a beautiful spring day as the sunshine is abound. So, today, I thought I would just ramble in the blog. I sometimes wonder what many are thinking when entering trades with an exit strategy in place or money management program to follow. Coming from Midwest, I create a system that protects humans from humans who are emotional in markets.

Gravy Train Method

Proprietary little know old school system called the Gravy Train Method that limits risk in markets with a sound, simple, and math money management technique that works.

Probability Factor Statistical Concepts provided information of substance developing my proprietary Bias and Key Forex numbers – because they predict when changes are about to occur, and possibly huge profits can be generated).

How to Trade using Multiple Time Frames – Continue reading →

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