The StoryThe StoryThe Holy Grail of forex trading is being able to pinpoint trend turning points accurately, both in price and in time. After several years of development and testing, such a forex signal service is now available for every currency trader worldwide. ![]() My name is Tibor Varga, and I’m a 44-year-old Hungarian fulltime forex trader, technical analyst and market expert. Well, fulltime is a bit of an exaggeration. My entire trading activity takes no more than a couple of hours every month. Of course, I spend a lot more time researching and analyzing the markets, but not because I have to… I do it, because I love it! There is nothing more exciting than deciphering the mysteries of the markets and reading tomorrow’s move out of today’s action! Besides forex trading, which is a passion and a profession, now I have time for other important things in life… |
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Performance ReviewPerformance Review
Total pips since 01.01.2008: 387,977
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NewsfeedsNewsfeedsU.S. Existing Home Sales in April Rise to Highest Level Since November 2009An annualized 4.97 million existing homes were sold in the US in April 2013, which was a 0.6% increase from the revised 4.94 million annualized units sold in March (initially reported as 4.92 million). This represented the highest level of existing home sales since November 2009 when the market spiked
Canadian March Retail Sales Flat although Volumes up StronglyNominal retail sales in March 2013 were unchanged in the month following a 0.7% jump in February, which was revised downward slightly from an initially reported gain of 0.8%. Expectations had been for sales in March to rise by 0.1%.
Expectations of steady retail sales largely reflected indications of falling
EUR/GBP has 0.8635 in Sight; Fractal Breakout ObservedBreakout: The 4H EUR/GBP chart shows a market that is extending a breakout above a consolidation range roughly between 0.84 and 0.8515. The market is not trending, as reflected by the relatively flat moving averages in the 4H chart. The bullish outlook should probably be limited at the moment to
USD/CHF Trading in an Ascending Triangle after Completing Swing ProjectionAscending triangle, bullish biases: USD/CHF has been bullish in May, but since it found resistance around 0.9750 it has been forming an ascending triangle. This congestion pattern reflects a market consolidating with bullish bias. The RSI has held above 40 after tagging 70 and also shows maintenance of bullish momentum.
FX Mover: USDJPY above 103.00 ahead of Bernanke's TestimonyThe dollar is back in the ascendency today as we lead up to the key event that ALL eyes will be on: Fed chairman Bernanke's testimony to Congress at 1500 BST/ 1000 ET. USDJPY is close to the top of its range at 103.30, while the dollar index has also
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InformationAbout UsMost traders in the market have been led to believe that "the trend is your friend" or "you should trade with the trend". This is true, unless the trend is about to end. The problem with the trend-following trading principle, as most traders have learned it, is that once a trend is identified on a chart and traders know in which direction to trade, it will be obvious to all other market participants as well. This means that only very few are willing to take the opposite side of the trade at which point the trend will start getting exhausted, the momentum will weaken, and the price will be ready to turn. |
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