http://straightforex.com/forex_blog a StraightForex Blog Mon, 24 Nov 2008 22:49:08 +0000 http://backend.userland.com/rss092 en I know... I know... some of you will say its to soon to say the market is on its way for a large retracement phase, but I think it will… take a look at the following chart: That triangle is gone… usually triangles break in direction of the trend, but this ... http://straightforex.com/forex_blog/2008/11/24/winds-of-change/ No, I don’t think so. Today I’ve got plenty of mails asking what my thoughts are about the rebound we saw today, most thought the market are ready to head north. But let me tell you something, when the markets (or economies) are in good shape, usually the indexes do small ... http://straightforex.com/forex_blog/2008/11/14/markets-advance-are-they-ready-to-go-north/ It is well known that the Euro/dolar is in a downtrend since early August. This triangles tend to be continuation patterns, thus breaking in direction of the long term trend is what we should expect. Luckily this one wasn’t the exception :) ¿Where should is the best place to set our take ... http://straightforex.com/forex_blog/2008/11/13/somebody-did-trade-this-triangle/ As I pointed out in my last post, if the Euro broke the 1.2980 for the upside, it was likely to reach 1.3350… guess what, we missed our target for 50 pips, its highest point was 1.3297, anyway I hope you profit from that break out. Now the conditions have changed ... http://straightforex.com/forex_blog/2008/11/03/euro-update/ Now that the FED has cut interest rates to 1%, and the market digested that information calmly, we are free to resume our trading (I was thinking, if the FED didn’t cut by half a point ‘as expected’, we were going to see how volatile the market could turn, but ... http://straightforex.com/forex_blog/2008/10/29/euro-short-term-outlook/ Today most pairs are expected to trade in a tight range, why expected? Because its how they have been trading in the last couple of days. After the sharp moves we saw earlier last week they need to take a rest! So, for most of them we will be trying to ... http://straightforex.com/forex_blog/2008/10/28/aussie-daily-outlook/ We thank you for your support, we are back and ready to post our regular forecasts and analysis. So stick to this blog, you will find interesting forecasts news and other stuff. For those of you who havent noticed, we have a new homepage, hope you all liked as much as ... http://straightforex.com/forex_blog/2008/10/19/hello-world/