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Forex Trade Setups »

[4 Jan 2007 | No Comment | ]

Bought usdchf at 1.2265 targets 1.2316 and laterĀ  1.2349
sold gbpusd atĀ  1.9496 targets 1.9426 and later 1.9349

Economic News »

[4 Jan 2007 | No Comment | ]

With the current economic situation in the usa and more economic analysts expecting the feds to start reducing interest rates it may not be a surprise that the usd dollar continues falling this year. Donald Trump is one of those who seem very keen in not supporting further interest rates hikes and the present high foreclosure rates might make the feds see the light that something is not very right with the economy.

“The Institute for Supply Management will probably say U.S. manufacturing didn’t expand last month, after contracting for the …

Forex Trade Setups »

[3 Jan 2007 | No Comment | ]

In order to keep the guppy trading as simple as possible, we insist on only looking for and trading high probability trades.
In our particular trading example we are going to see instances of the guppy crossover and the guppy bounce back and using these we can choose the particular currency pair to trade.
The tools we are going to choose the currency to trade are

The multiple moving average as coded in xtick
Fibonacci retracement tool.