Day by Day, hourly analysis of EUR/JPY currency cross on the foreign currency market (FOREX). Sell and Buy signals on a technical basis Use signals at your own discretion.

Wednesday, September 29, 2010

New explanation for blog

Hey guys, someone commented earlier that must have stumbled onto this blog that it was confusing. Essentially, I trade the FX market (Foreign Currency Exchange). The majority of my postings have to do with either shorting or buying the EUR/JPY pair.

I utilize a MT4 client linked with my broker, InterbankFX in order to place trades. I use a pretty simple (more simple than some of my other charts) setup with a 13,100 and 300 EMA to gauge trend strengths on the 5 minute chart. In addition to the EMAs, I have a "high-low" indicator that tracks high-probability support and resistance lines to compliment moves along the EMAs.

Finally, I have a "scalping" indicator script on my candles that models PA swings up and down irrespective of the EMAs.

Lately I've just been doing chart commentaries until I get more followers. I don't want to waste my time posting trades if no one is viewing them to offer their sentiments on market strengths.

Thanks for all the views and comments guys!

33 comments:

  1. heard of a penny stock called "HEME" .. if your into that thing
    has something to do with healthcare IT..

    supp and followin'

    pc-community-info.blogspot.com

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  2. A bird told me that if you're single, living in America, and have a professional degree there's absolutely no reason not to be a millionaire by age 40. C/D?

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  3. interesting.

    follow me on http://swestuffs.blogspot.com/

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  4. Yeah, I dont blame you, I'd wanna wait until I got more followers too. Haha, well, Im on board.

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  5. sweet i am a total noob in this subject, looking forward to your insight

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  6. Seconded on all posts. I too want to work the currency trade one of these days.

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  7. I am genuinely interested in this! I'll be back almost every post!

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  8. well heavy stuff, but interesting...got a buddy that trades with nz$ / us$

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  9. Good stuff bud, the market is a great thing to keep an eye on, and if you can manipulate it?
    You can make bookoo cashz.

    Cawlin's Twitter!

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  10. Nice blog , i don't understand this things very well and is nice yo get some information easy

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  11. I find your blog quite fascinating, and the converter tool is very quick and easy to use!

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  12. nice blog bro i had to follow it

    http://miscshitty.blogspot.com

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  13. complex to say the least...making bank?

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  14. awesome blog. i've been thinking about getting into this i'll keep reading your updates for tips.

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  15. It's always nice to be able to view someone else's input on the markets. Forex is crazy.. You can spend as much time as you want on demo accounts. You can learn how to view the news, how to look at the ForexFactory events, and so on, but if you see a trade in the negatives, that shit'll still play heavy on your emotions. So, can't wait to see if you know what you're doing. :D

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  16. Wonder if I should exchange all my US dollars to yen before our economy tanks bigtime :P

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  17. cool. nice, thanks

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  18. Thats great that you utilize the MT4 client, i use MT3 myself

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  19. I was never into forex but I hope it works for you :)

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  20. trading doesn't seems like a lot of fun, no?

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  21. this is all really confusing to me, but mehhhhh

    following in hopes that i will soon understand all of this mumbo-jumbo ;)

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