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 42-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: 232,684
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NewsfeedsNewsfeedsChart of the Day - USD/CADPrice action on USD/CAD (a 4-hour chart of which is shown) as of Thursday (9/02/2010) has settled above 1.0470 support once again after having just descended from a key resistance re-test in the 1.0670 price region, which formed a double-top high. This all occurs within the context of a short-term
$/Swiss, Nearing Multi-Year SupportIn the Aug 26th email on $/swiss, said despite the market just above support at the falling trendline from mid July, the near term downside pattern was not "complete", raising the potential for a downside break (and possible acceleration lower). Sold there (then at 1.0250), and the market has indeed
ECB Meeting: A Double Dip is Not on the CardsAs expected the ECB kept all its key interest rates unchanged. The ECB also decided that it will conduct its main refinancing operations (MROs) and its special-term refinancing operations with a maturity of one maintenance period as fixed-rate tender procedures with full allotment until at least the end of the
Treading Water or Squeezing USD Shorts ahead of NFP?Trichet was out putting everyone to sleep again today with nothing of particular note. There were tiny shifts on the comments on upside and downside risks, with discussion of downside risks countered by an upgrade to the projections for 2011 GDP growth (though the range was a still rather wide
Afternoon Forex OverviewThe euro ticked slightly higher against the dollar Thursday, finding support from a successful auction of Spanish government debt that was taken as another sign that concerns over euro-zone sovereign issues have faded to the background. The euro was steady after the European Central Bank early Thursday left key interest
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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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