Traders Corner Forex Strategies

Hi All,

Welcome to the Traders Corner Forex Strategies thread.

My brother and I run TradersCorner-Online.com website dedicated to educating Forex traders.

In this thread you are going to find our analysis of the markets, market commentary, video tutorials and of course charts that help to illustrate the way we go about profiting from the Forex markets.

Now please be warned this is a thread for serious traders so if you are interested in a get rich quick scheme then this is not for you. We would love to be able to say we win every trade and can teach you to do the same but unfortunately we trade in the real world where this is simply not possible.

Having said that, it is very possible to make money in the markets and if you want to learn how then stick around as we can show you how.

Please feel free to participate and ask questions.

Best Regards

Alex Ong
Traders Corner

Hi All,

Please find attached our weekly outlook report. You will find both technical and fundamental analysis for all of the majors contained within the report.

If you have any questions please feel free to ask.

Thanks

Alex

Will the RBA Rate Decision Give the Aussie Some Direction?


AUD/USD has been trading in 240 pips range since October 2012 as a stable economy and signs of improvement in China offset the 0.50% rate cuts implemented by the RBA. With inflationary pressures easing the Reserve Bank of Australia embarked on a rate cut cycle as they combat slowing global growth, but with a healthy interest rate differential still intact AUD/USD has so far resisted any meaningful sell-off.


AUD/USD rallies have been capped by key resistance zone between 1.0624 and 1.583, whilst bearish moves have been unable to break below 1.0341 key level, as a result these price areas have now become reference points that will determine the medium term outlook for this pair. Simply put above 1.0624 I am bullish, below I am bearish.


Tonight we have the latest RBA Rate decision has the potential to provide the Australian dollar with a much needed catalyst and give us something to trade. Despite signs of a loss of momentum in the Australian economy the general consensus is for the central bank to adopt a ‘wait and see’ approach to monetary policy, preferring to gauge the effects of recent cuts before acting again. However, the risk is for rate cut rather than anything hawkish.


I’d have to agree with analyst’s expectation that the RBA will hold rates steady and use March’s decision to implement any changes after a more thorough assessment of the economy. That assessment can begin as soon as tomorrow with important employment data set for release. Last month’s slide in jobs created was the first in 3 months, but the Unemployment rate is trending in the wrong direction as it approaches 5.5%.


I think it is fair to say that expectation is for tonight’s Rate decision to be a non-event, however, the risk is certainly for dovish statement which brings the lower support and reference point at 1.0341 into play. Below here we anticipate bearish implications.

GBP/USD demonstrated the power of support and resistance today. Price reversed the intraday rally stemming from the positive Services PMI number as sellers entered on the 1.5800 key level that coincided with sloping resistance.

Hi All,

I thought I might give you a little heads up on how our last weeks trading went. We send something similar to our members, but thought you may also like to know how our system is performing.

Well, after a cracking result the week before, last week was a little slower than we’re used to with our day trading

In fact, the system identified just the one trade for us. So that gave us all a bit of a breather after the flurry of trades the week before!

The good news is that this one trade was a profitable one, so that is 22 pips for the week.

I feel that after the first month of 2013, now is a great time to sit back and reflect on the beginning to the year.

We started the month with a blockbuster few weeks where literally everything we took paid us. What a way to start 2013!

We then had to endure a week where our strike rate went down. But no matter: due to our positive risk/reward, we were still able to finish the week profitable.

That week in particular was an important one, as it showed you that even during a losing period, so long as you remain disciplined and stick to your plan, you can still come out on top.

Moving onto the home stretch for the month, we ended with 4 straight winners in a row giving us a grand total of 176 pips. This translates into a massive 32% profit if you were trading at 2% risk per trade or 16% profit if you were trading at a more conservative 1% per trade.

You can see what a serious performance that is – and why it makes sense to get this working for you. Let me know if you need help:

So, it’s been a great January for our day trading. And we’re really excited about what February has in store!

By the way, it’s not just the day trading that’s been good to us. On the longer-term front, things are also going really well. So far we haven’t had a losing week yet!

I reckon this longer-term approach would be perfect if you who have a 9-5 job or can’t spend all day in front of your screen.

OK that about wraps it up.

Thanks for reading, trade well and profit!

Alex

Hi Everyone,

As always here is our Free FX Weekly Report. A full fundamental and technical breakdown of the major pairs. Check it out to see exactly what we're expecting from this trading week.

http://us6.campaign-archive2.com/?u=...&id=415a503ada

Happy Trading people

Nicky

Check out our analysis for the week ahead

Mr Ong??