CADJPY - Long

CADJPY is continuing a bullish after bouncing from the channel support in a bullish channel that was formed in mid-August. Yesterday's Bank of Canada meeting boasted the move.

Long EURCHF

We have entered long EURCHF trade at 1.1615 with stop loss at 1.10 and take profit at 1.22. We expect SNB policy to remain its the current policy for an extended period of time, while we expect that CHF will be used as a funding currency.

Top 50 Forex Twitter Accounts (2017 Edition)

Here is the list of my 50 favorite twitter accounts. This is a new update of my old post.

1. @eFXnews - provides global FX strategies and analyses from leading investment banks worldwide
2. @Investingcom - a top financial web portal that offers news, technical analysis,  real-time quotes, charts
3. @Tarantula  - forex senior analyst & educator at Admiral Markets
4. @marketpulsecom - A global team of securities analysts & strategists provide 24/7 coverage of the largest financial markets, with a focus on forex, commodities & global indices.
5. @DailyFX - providing forex trading news, currency forecasts, analysis, education, and strategy.
6. @Fxflow - real-time analysis of Forex market, market predictions of BKForex 
7. @FXStreetNews - 24/5 real-time forex news
8. @TopForexNewsCom - latest forex news
9. @ForexLive - news, updates, insights from Forex market
10. @50Pips - independent professional Forex coach and mentor
11. @FXTraderUpdates - the latest and hottest NEWS and TIPS
12. @piptrain - forex trading using technical analysis
13. @ForexTweets - your First Stop for Forex Trading News
14. @TheTraderFX - independent full-time forex and futures trader
15. @CVecchioFX - currency analyst at DailyFx
16. @gregmikeFX - chief currency analyst at FXDD
17. @newsinvesting - real-time news from currency and stock markets
18. @PipCzar - independent trader and currency strategist
19. @IlyaSpivak - global macro strategist at DailyFX
20. @JStanleyFX - strategist at DailyFX
21. @Francesc_Forex - president and founder at FXStreet
22. @JoelKruger - currency strategist and trader
23. @forexcrunch - Forex news opinions, forecasts
24. @chrislorifx - foreign exchange fund manager
25. @craig_forex - a senior market analyst at marketpulse.com and OANDA
26. @JMahony_IG - market analyst providing fundamental & technical analysis
27. @FX_Button - currency analyst and editor at ForexLive
28. @kathylienfx - forex analyst
29. @FXDIRK - forex trades provider 
30. @EdMatts - senior technical strategist at Capital Management
31. @caseystubbs - forex trader
32. @GregaHorvatFX - Forex, Futures and Stock trader
33. @MWellerFX - a senior technical analyst at Forex.com
34. @2ndSkiesForex - forex trader
35. @ValBednarik - forex analyst
36. @AidanFX - full-time forex trader, technical analyst and signal provider
37. @PLTfx - Forex trading advisory and fund management
38. @ElliottForecast - Elliot wave forecasts with swing trading ideas
39. @PhillipKonchar - forex analyst
40. @Darlington_Dick - forex news and opinions
41. @FXstreetReports - 24/5 real-time forex research
42. @thepoundlive  - forex portal
43. @hantecfx - forex broker
44. @Forextellcom - delivers trade ideas from pro traders and insights from the institutional side of FX
45. @aspentrading10 - forex and stock advisory
46. @MCarrilloFX - forex analyst
47. @MilanCutkovic - forex trader
48. @ItsForexTime - official twitter page of FXTMt
49. @TradersLog - portal for active traders and investors
50. @saxobank - international investment bank

Happy trading !!!

CSAD One – Signal

The Trader FX has started a new mql4 signal – CSAD one. The signal will be provided through www.mql5.com and it will be available for trade copying on all Meta trader 4 platforms for a monthly subscription of $20 monthly.

CSAD one signal is specially designed for users with small amounts of accounts. Our starting signal account balance is $200. We will use a combination of a few proven trade strategies on Forex trading instruments.

The signal is available here.

Top trades for 2017

Here is our view:

1. Long USDJPY - Global yields will rise and cause further outflows from Japan, higher inflation expectations and Trump will deliver fiscal stimulus


2. Short AUDUSD - AUD will be affected will slowdown in Chinese demand while we are bullish on USD


3. Short EURNOK - NOK will benefit versus Euro due to rising oil prices and local forward interest rate


4. Short EURGBP - Undervalued GBP will recover because we will not see more negative news from UK


5. Short EURUSD - The pair is heading to the parity - USD strength combined with European political uncertainty  

Start your own Forex signal service

A great book written by Rimantas Petrauskas who is a very experienced Forex trader and skilfull Forex programmer. He has successfully thaought many clients how to succeed in Forex trading. The book, “How to Start Your Own Forex Signal Service: The Next Step Every Forex Trader Should Take to Build an Automated Passive Income Stream ” has been created to help those interested in making an income through developing a Forex trading signals service.

It explains the steps that the author has used to create his own successful Forex signal service business. There are many details about the ways and approaches to find great sources for trading signals that can be sold to customers.The book is easy to follow and it will teach those who have no experience in starting their own website. It explains what software can be used to deliver trading signals, and also the methods that can be used to run a business.

Happy trading!

Top 50 Forex Twitter Accounts

Every decent Forex Trader must have a twitter account because it provides immediate news, analysis, charts, and many interesting articles. In order to help you to find the right accounts to follow, here is the list of my 50 favorite twitter accounts.

1. @eFXnews - provides global FX strategies and analyses from leading investment banks worldwide
2. @Investingcom - a top financial web portal that offers news, technical analysis,  real-time quotes, charts
3. @FOREXcom - actionable Forex trade ideas, analyses and more
4. @marketpulsecom - A global team of securities analysts & strategists provide 24/7 coverage of the largest financial markets, with a focus on forex, commodities & global indices.
5. @DailyFX - providing forex trading news, currency forecasts, analysis, education, and strategy.
6. @Fxflow - real-time analysis of Forex market, market predictions of BKForex 
7. @FXStreetNews - 24/5 real-time forex news
8. @marcwalton - Forex mentor and professional Forex trader
9. @ForexLive - news, updates, insights from Forex market
10. @50Pips - independent professional Forex coach and mentor
11. @CharmerCharts - Technical Analysis for the professional futures & Forex trader
12. @piptrain - Forex trading using technical analysis
13. @JamieSaettele - technical strategist at DailyFX
14. @TheTraderFX - independent full-time Forex and Futures trader
15. @CVecchioFX - currency analyst at DailyFx
16. @gregmikeFX - chief currency analyst at FXDD
17. @newsinvesting - real-time news from currency and stock markets
18. @PipCzar - independent trader and currency strategist
19. @IlyaSpivak - global macro strategist at DailyFX
20. @FGoria - financial journalist
21. @Francesc_Forex - president and founder at FXStreet
22. @JoelKruger - currency strategist and trader
23. @forexcrunch - Forex news opinions, forecasts
24. @chrislorifx - foreign exchange fund manager
25. @leanco - independent professional Forex trader
26. @MBForex - trader and currency strategist at DailyFX
27. @kathylienfx - market predictions and real-time analyses at BKForex
28. @tradingfloorcom - Forex and Stocks trading community
29. @currencynews - currency news and Forex fundamental information
30. @forexmagnates - latest retail and institutional Forex news
31. @RenaTrader - full-time Forex and Futures trader
32. @GregaHorvatFX - Forex, Futures and Stock trader
33. @MWellerFX - a senior technical analyst at Forex.com
34. @dfxplussignals - trading signals from DailyFX
35. @WEnglandFX - trading instructor at DailyFX
36. @AidanFX - full-time Forex trader, technical analyst and signal provider
37. @PLTfx - Forex trading advisory and fund management
38. @ElliottForecast - Elliot wave forecasts with swing trading ideas
39. @EasyForexDR - latest Forex trading news
40. @Darlington_Dick - Forex news and opinions
41. @Craig_AlpariUK - a market analyst at Alpari UK
42. @Joshua_AlpariUK - research Forex analyst at Alpari UK
43. @fx4you - Forex broker offering charts and analysis
44. @ForexFreshNews - hot news about Forex market
45. @aspentrading10 - Forex and stock advisory
46. @MCarrilloFX - Forex analyst
47. @edjmoya - a chief technical analyst at World Wide Markets
48. @EdMatts - senior technical strategist at Capital Management
49. @FXDIRK - Forex trades provider 
50. @saxobank - international investment bank

Happy trading !!!

Link to Top Twitter accounts - 2017 edition

Forex Bank Prediction resources

Whether you are a long term trader or a scalper you will always be curious about and would like to know what are the big players in the Forex market doing. What are their positions? Fortunately, certain websites do provide that kind of information. To be more precise I am talking about the positions that are held by the big banks and big hedge funds. 

The best websites with bank positions, or in my opinion, the most useful ones are:

1. eFXnews - it is a Boston based financial media agency covering global FX markets. It provides the positions held by the biggest players in the market. Highly recommendable one.

2. PLTfx - it is FX trading advisory and Funds Management. Another great resource that provides bank Forex positions. It requires login.

3. Forex Quebec - it is a global Forex trading portal that provides bank positions under its bank forecasts section. It is a good resource though it is not providing the forecasts on a daily basis.

4. Dukascopy TV - a Forex broker that is providing the information in video format on a part-time basis.

5. Forex Street - another global Forex trading portal. It provides many positrons of slightly less relevant players in the market. 

In short, it is always useful to know what are the biggest players in the market predicting before you enter your position. 

Profitable trading using THV strategy

THV is a legendary free manual trading strategy that was developed by Cobraforex. The strategy is originally designed for scalping (trading on smaller time-frames), although some traders successfully use it on larger time-frames. It can be applied to any trading instrument, but since it is a scalping strategy the better results are carried out on currency pairs with smaller spreads.

THV manual and indicators can be downloaded from here. Well, my intention is not to explain to you the strategy, but to point out on few additional things that can improve your trading results. Since it is a scalping strategy, I have applied it to a 5-minute time-frame.

First, I advise you to take only those trades that are in accordance with bigger time-frames. If on 5-minute time-frame buy signal is met then check out if according to THV strategy the pair is in buy zone on 15 minute and 1 on hour time-frame. If it is not, do not enter the trade. Also, if a sell signal is met, check if the pair is in sell zone on 15 minute and 1-hour time-frame.

Second, take a look at Economic calendar. Do not enter the trades half an hour before highly and moderately volatile news release for one of the currencies in the pair.

Finally, check the volume. Do not enter the trade if the volume is low. It should not be the problem if you are trading on a business day during London or New York session.

Hopefully, these remarks will help you to improve your trading results. Good luck!     

Simple news trading strategy

News trading is a style of trading where a trader makes his trading decisions based on economic news releases. The great advantage of trading the news is that you can be very successful in a relatively short period of time. This style is perfect for those who can't dedicate themselves to trading on a full-time basis.

An economic news calendar can be found at investing.com and fxstreet.com. The impact column in the calendar shows how big volatility is expected upon the release of the news. Three other important columns are Actual, Forecast and Previous. Previous shows the indicator data for the previous period. Forecast shows the expected indicator value; Actual is the news release.

So, what is causing big price movements? Well, it is a surprise. In this context, the surprise is the difference between forecasted and actual value. We can see that actual value is sometimes shown in red, sometimes in green and sometimes in black. What does it mean? Green means that actual value is better than expected and it will cause bullish movement for the currency, on the contrary, red means that actual value is worse than expected and bearish movement is expected. Finally, black means that value is within expectation and currency should not move.

So, how to trade the news? Choose the pair that is consisted of currency for which the news will be released. Then, 30 to 45 seconds before the news release put one buy stop order 8 to 12 pips higher than the actual price and one sell stop order 8 to 12 pips lower than the actual price. When the news is released one-stop order should become active (if the actual value is not in expectations). Then cancel the other stop order and close (or leave for a few minutes or more) the active order. When you are satisfied with the gain to close the order. If the news release did not cause the price movement to cancel both stop order and wait for another news release.

I advise you to try this strategy on a demo account first, and then you can move to a live account. If you sign-up to this blog by email, I will send you a script that is automatically placing stop orders.

Happy trading!    

Safe Scalping with EURCHF – A trading strategy

In September 2011 when SNB introduced 1.2 floor, the pair EURCHF has been trading in relatively tight range reaching the highest value at 1.264. Since September 2012, I have been using a simple scalping strategy for that pair and it helped me to earn 20% per month on average.

The strategy is based on the assumption that 1.2 floor will remain. Well, in the past year and a half SNB has been very successful in defending that floor and it states that will continue to defend it with utmost determination. It is realistic to believe that in the long term the pair will not only remain above the floor, but also will return to the values that are much higher than the current one, as Europe and USA are slowly coming out of the recession.

The prerequisite for the scalping strategy is that your broker has a small spread on EURCHF pair (not higher than 2.5 pips) and a positive swap on long entry. If your broker does not meet these demands, try the strategy with a different one. If you have a problem with finding such broker I warmly recommend Exness, I have been trading with them for the past six months and I am very satisfied. Another prerequisite is that the price of the pair is lower than 1.24.

The strategy itself is very simple, enter the long trade following the rules for any other scalping strategy. I was very successful using a 5min blue trend rider and THV3. Just in case, when I enter the trade, I always put stop loss at 1.1980 level. Next, wait till exit rule for your scalping strategy is met (by scalping strategy I meant here 5min blue trend rider or THV3), and if your trade is in gain exit the trade. If your trade is not in gain leave it and wait till it will become profitable. Swap is working in your way now! In the meantime, you can enter another trade on a new long entry signal. In a period while I was using the strategy I never had more than four trades opened.

Money management I was using is 0.1 lots for every $400 on my account balance and I am careful that I have enough money for 4 trades. So, if I have $1600 on my account, it will be enough for four 0.1 long trades.