The Forex Pro

This article is taken from the Trader’s Journal magazine (May 2008 issue) The author, Joe DiNapoli, is a veteran trader with over 40 years of solid market trading experience. He is also a dogged and thorough researcher, an internationally recognized lecturer, and a widely acclaimed author. Joe, a registered C.T.A. for over 15 years, has taught his techniques in the major financial capitals of Europe, Asia, Russia, the Middle East and South Africa as well as in the United States. His articles

The Relative Strength Index (RSI) is one of the most widely used technical indicators by traders. The RSI is an oscillator because it is an index whose value tends to swing between an upper limit value and a lower limit value. It is used primarily to help identify overbought or oversold conditions in a particular currency, as it is formulated to fluctuate between 0 and 100, enabling fixed overbought and oversold levels. It does this by confirming changes in momentum which signals an imminent

This article is taken from the Forex Journal (March 2008 issue). The author, Brandon Wendell, has appeared as a guest on CNBC Asia’s Cash Flow and conducted special seminars for CNBC staff on technical analysis of the financial markets. Brandon was also an industry expert speaker at the Asia Traders and Investors Conference 2008. Brandon Wendell provides new ideas on how to interpret an old indicator. Do you know how to successfully interpret and use Welles Wilder s RSI? Learn new

This article is taken from the Forex Journal (February 2008 issue). The author is Cornelius Luca, a world–renown author, teacher and authority in foreign exchange who has traded and analyzed currencies since 1983. He currently is a member of the staff at Global Forex Trading, Division of Global Futures & Forex, Ltd., as one of its analysts who provides commentary on the foreign exchange market. Cornelius Luca, author of several trading books, details the Ichimoku technical study and

This article is taken from the Forex Journal, a special edition by Trader’s Journal magazine in Nov 2007. The author is Larry Pesavento.  He is a trading tutor and 40-year veteran of the markets. During his
career, he has been a member of the Chicago Mercantile Exchange,
supervised Drexel, Burnham, Lambert’s commodity department in Los
Angeles, traded on and off the floor and has trained over 800 traders. Larry Pesavento describes a chart pattern introduced by George Lindsay in the 1950s

This article is taken from the Forex Journal, a special edition by Trader’s Journal magazine in Nov 2007. The author is Carolyn Boroden, a commodity trading advisor and technical analyst specializing in Fibonacci time and price analysis. Her focus is on the “synchronicity” or confluences of both price and time relationships that set up relatively low risk, high probability trading setups. Ms. Boroden has been involved in the trading industry since 1978. Carolyn Boroden shows how to use

Summary Trading tools and how to use them (Phil Newton) Fibs Retrace & projections Round numbers Trend linesTrading example of Use of trend line breaks The art of combining technical components (Toni Juste) Trend lines, that magic tool Support & resistances with indicators Trade triggers, stop-loss and limit Bringing it all together - Trading set-ups (Phil Newton) Trend line breaks Asian Break out Fib pullbacks Combining timeframes for intraday execution (Tony Juste) What is considered

Part I: Introduction Part II: Fibonacci’s applications Part III: Application in the Objective Market Part IV: Model’s description Part V: Model’s description (cont) Part VI: Final Results and Conclusion

Final Results Then, and based on the model developed to prove the original hypothesis, we came to the following results: Pair EUR/USD: Pair USD/CHF: Pair GBP/USD: Pair YEN/USD: If after finishing this job, someone ask me if it is possible to predict the future, mi answer will still be “NO”. I don’t believe that could be, in fact, I don’t believe either we can predict what will happen in the next minutes… Although this seems the opposite of the objective of this work, I personally want to