NiaTradingSignals

The cornflower trading system is probably one of the best ema based forex systems and has been discussed a lot at the forex factory . I say it’s one of the best because I prefer simplicity in my trading rather than having one million indicators all saying one thing.
It is just a good basic ema crossover system and I like it so far.
It uses four ema’s

8 ema – which is supposed to show the fast money in the market
12 ema – which is supposed to the trend for the past …

The Australian Dollar is flying to new highs due to increased demand and
prices in the natural resources arena.  The Australian export list is half
natural resources, the remaining is made up with the booming Cotton
markets.
As prices rise greatly in metals such as gold, which is a top Australian
export, the dollar moves to near parity against other currencies like the
US dollar.   Australia’s oil exports are also bringing in more money than
ever expected.

When we discussed the top 5 ways To Improve your Mental Forex trading we saw that it is important to understand your trading system and from the discussion on how to setup a forex system # 4 we continue with the first indicator we shall be using.The Forex Fractals
What is a fractal
A Fractal is one of five indicators of Bill Williams’ trading system, which allows to detect the bottom or the top.
These basic fractals are composed of five or more bars. The rules for identifying fractals are …

In yesterday’s top currency news, we discussed how major banks can see the yen carry trade coming back.
A Carry Trade is simply an investment strategy where one borrows an asset at one interest rate, sells the asset, then invests those funds into a different asset that generates a higher interest rate yield. Profit is acquired by the difference between the cost of the borrowed asset and the yield on the purchased asset.

Going with the current goal of 50 pips per week our current trade was entered yesterday on USDCHF buy at 1.20054 and the take profit was at 1.21194 .

So far the current price is at 1.20819 for some 76 pips ahead and the stop loss is at 1.2034 for 30 pips set profit. We are looking for some 20 more pips to call the week quits but so far so good.
We shall be posting screen shots of the trade set up as well as the real trading account later …

buy Gbpusd at 2.0599
sell usdchf at 1.2054