Portal
 Index
 Memberlist
 Profile
 FAQ
 Search
Social bookmarking

Social bookmarking Digg  Social bookmarking Delicious  Social bookmarking Reddit  Social bookmarking Stumbleupon  Social bookmarking Slashdot  Social bookmarking Yahoo  Social bookmarking Google  Social bookmarking Blinklist  Social bookmarking Blogmarks  Social bookmarking Technorati  

Bookmark and share the address of forexgreenland - Forex forum,Forex training, Forex signals, Forex mgt accts on your social bookmarking website

Bookmark and share the address of Forexgreenland - Forex forum,Forex training, Forex signals, Forex managed accounts on your social bookmarking website


Forexpros Daily Analysis - 27/07/2011

View previous topic View next topic Go down

Forexpros Daily Analysis - 27/07/2011

Post by ForexAnalysis on Wed Jul 27, 2011 11:29 am

ForexPros Daily Analysis July 27, 2011


Free webinar on ForexPros - Understanding the simple rules of Money Management

Expert: Sunil Mangwani

Start: Mon, Aug 1, 2011, 10:00 EDT
End: Mon, Aug 1, 2011, 11:00 EDT

Part.1 - The Risk-to-Reward ratio.

A Trading Plan is often the thin line between success and failure in the markets & the ‘Trading Plan’ must incorporate the 3M’s (Money, Mind & method…in that order).
From these 3M's, it is “Money Management” which is the most important part of a trading plan…and ironically the most ignored.
If a trader follow the 2 basic rules of money management, it increases the probability of success –

1.) The Risk-to-Reward ratio.
2.) Position sizing - The ideal exposure of the trading capital.

In the first part of this series, we will have a look at the Risk-to-Reward ratio, understand the importance of this ratio and learn how to implement it in the “Trading plan”.


[You must be registered and logged in to see this link.] to join free

---

Is EUR/GBP Ready to Resume Downtrend?

The Euro stabilized to some degree in days following the agreement to aid Greece for the second time. It seems that fears about possible dissolution of the common currency are gone, at least for now, allowing the EUR to rally against some of its counterparts.

In case of the EUR/GBP pair, this rally has not been very impressive. After a decline from 0.9083 to 0.8704, the price slowly appreciated to 0.8883 a level almost equal to 50% Fibonacci retracement level of the downswing. This creates a strong possibility of reversal and resumption of the downtrend.

On a positive note for the EUR/GBP, this recent run up broke through couple of resistance levels. The price managed to move above the Ichimoku cloud and the 100SMA. However, it failed to stay there, dropping to the current level of 0.8828.

Under these conditions, the EUR/GBP is likely to continue lower, especially if the MACD turns negative, too. The price could possibly test the support of 0.8704 within few days. We must watch the 0.8883 resistance, though – a move above that level might swing momentum into bullish again.

---


[You must be registered and logged in to see this link.] Trading analysis written by Mike Kulej for Forexpros.

---

Visit Forexpros new Forex Brokers Directory !

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time.


ForexAnalysis

Male
Number of posts : 135
Location : india
Reputation : 0
Points : 216
Registration date : 2008-11-03

View user profile

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum