By Warren Seah - A stop loss order will automatically close a trade at a set level in order to prevent further losses. If a buy order has been...
Seven Common Stop Loss Exits
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European Morning Forex Wrap Up; Market on hold ahead of non-farm ...
EUR/USD started around 1.4880 and gently ticked higher eventually reaching session high 1.4905, where ACB selling emerged capping the rally. Comments from ECB’s Nowotny, suggesting any ECB tightening is some ways away, helped pressure the pairing and we’ve drifted back to where we started,...
USD remains weak in Asian trade
A fairly quiet Asian trading session, with the USD retaining it’s weaker feel. EUR/USD is up at 1.4090 compared to a North American close Tuesday around 1.4060. The USD is being underminned by a growing realisation that the US will not infact be hiking rates anytime soon and by decent risk...
Graphical analysis of simulated track record of Step Two robots with EUR/USD.
Simulated track records of six best Step Two algorithmic traders are studied graphically. For a more numbers-oriented approach to performance, see the article explaining the trading system optimization process whereby the six robots were selected. This post focuses on performance in the EUR/USD...
Canada’s GDP falls 5.4% in 1st Quarter, most since 1991. CAD falls in Currency Trading
Monday, June 1st - The Canadian Gross Domestic Product decreased in the first quarter of 2009 by the most since...
EURUSD continues its upward movement
After a minor consolidation, EURUSD continues its upward movement from 1.2732 and the rise extended to as high as 1.3333 level. Support is at...