http://www.forexforum.asia/ Forex Forum .Asia is an independent online currency (forex) trading discussion forum in Asia to assist new and allow experienced traders to share their trading experience and knowledge online. The forum also provides economic snippets, economic reports, currency converter and plenty of trading articles. Forex Forum .Asia is managed and owned by FX Operator LLP. en Fri, 18 May 2012 12:29:22 GMT vBulletin 60 http://www.forexforum.asia/images/styles/EyeEasy/misc/rss.png http://www.forexforum.asia/ http://www.forexforum.asia/showthread.php?30649-Commodity-Prices-Have-Scope-to-Rise-into-the-End-of-Trading-Week&goto=newpost Fri, 18 May 2012 09:20:30 GMT Crude oil and copper may rise amid profit-taking on risk aversion bets while gold and silver ride QE3 hopes and growing fears of Eurozone instability... Crude oil and copper may rise amid profit-taking on risk aversion bets while gold and silver ride QE3 hopes and growing fears of Eurozone instability may spread.


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Sponsored by FXCM ]]> Daily Market News DailyFX http://www.forexforum.asia/showthread.php?30649-Commodity-Prices-Have-Scope-to-Rise-into-the-End-of-Trading-Week http://www.forexforum.asia/showthread.php?30648-Amended-India-s-April-CPI-Inflation-Rate-Up-At-10-36&goto=newpost Fri, 18 May 2012 09:05:56 GMT Note: Corrects the inflation figures in the first paragraph More... (http://www.rttnews.com/story.aspx?Id=1889616) Note: Corrects the inflation figures in the first paragraph

More... ]]> Daily Market News rttnews http://www.forexforum.asia/showthread.php?30648-Amended-India-s-April-CPI-Inflation-Rate-Up-At-10-36 http://www.forexforum.asia/showthread.php?30647-India-s-April-CPI-Inflation-Rate-Up-At-10-36&goto=newpost Fri, 18 May 2012 06:41:11 GMT India's annual inflation rate, based on all India general Consumer Price Index, or CPI, as per base year 2010, for April stood at 10.46 percent, up from preceding month's 9.47 percent as per the nation-wide retail inflation data released by the Ministry of Statistics & Program Implementation on Friday, indicating an increases in prices for the month under review.

More... ]]> Daily Market News rttnews http://www.forexforum.asia/showthread.php?30647-India-s-April-CPI-Inflation-Rate-Up-At-10-36 http://www.forexforum.asia/showthread.php?30646-S-amp-P-500-Sinks-Toward-1300-Figure-as-US-Dollar-Probes-Higher&goto=newpost Fri, 18 May 2012 05:07:19 GMT The S&P 500 cleared key support and sellers now aim below the 1300 figure while the US Dollar attempts to extend its breakneck rally to new seven-month highs.


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Sponsored by FXCM ]]> Daily Market News DailyFX http://www.forexforum.asia/showthread.php?30646-S-amp-P-500-Sinks-Toward-1300-Figure-as-US-Dollar-Probes-Higher http://www.forexforum.asia/showthread.php?30645-Moody-s-Downgrades-16-Spanish-Banks&goto=newpost Fri, 18 May 2012 04:37:30 GMT Moody's Investors Service on Thursday downgraded 16 Spanish banks, citing rising loan defaults, a renewed recession in Spain, restricted funding access and the reduced ability of the Spanish government to support lenders. Santander and BBVA were downgraded by Moody's to A3, the same as the Spanish government's rating. The rating agency's decision adds to fears about the health of the financial system in Europe and comes amid rising concerns about a potential exit of Greece from the eurozone.

More... ]]> Daily Market News rttnews http://www.forexforum.asia/showthread.php?30645-Moody-s-Downgrades-16-Spanish-Banks http://www.forexforum.asia/showthread.php?30644-Providio’s-Daily-Futures-Market-Commentary-For-May-17-2012&goto=newpost Fri, 18 May 2012 03:14:04 GMT *Currencies: * 17May See the Yen for analysis on today’s spike to the upside. That said, we still maintain that Greece’s ongoing political turmoil... Currencies: 17May See the Yen for analysis on today’s spike to the upside.
That said, we still maintain that Greece’s ongoing political turmoil has many commentators we’re hearing expecting Greece to leave the Euro. This uncertainty continues to drive capital into an extremely Overbought US Dollar. The “risk off” pressure to most of the major currencies is becoming a chronic dynamic of new lows and extreme Oversold conditions.
Watch for an announcement or “event” that reverses this dynamic (if only for a while) into a profit-taking US Dollar decline.
A worrisome observation we’re seeing again is one where the risks are seen as “well contained”, a constant comment for the last several years. As risks bubbles up, it is commented on as “manageable” or “nothing to worry about”, and then at some later point, it is seen as out of control in some way.

Aussie: 17MayWe maintain the validity of the comment we made recently about a bearish flag follow through: With indications of slowing economic activity in Asia, the Aussie is likely to remain under some pressure.
Longer term, it appears the Aussie may be looking at another material move lower. There is the break below the bear-flag in chart action and the 200-day moving average has rolled negative.
If the break below off the bear-flag plays out, classic analysis calls for a move of approximately .0600 points lower from near the break out point of 1.0240-1.0250. This would target somewhere in the area of 0.9650. This is very near the lows from 11/22/2012.
Volatility remains in the low average range and falling.
Lower lows point to a continuing bearish trend. Today’s high in the June contract is one tick below yesterday’s… a lower high by a hair.
Our technicals are very bearish across the board and the currency is in extreme Oversold territory (13). We continue to note that the action is still hugging the -2 STD (0.9829) below the 21-day moving average (1.0157).
Support is still seen at .9875, where is held in overnight trading before breaking down. Below that is the .9850 round number psychological level and then yesterday’s lows at .9838.
The latest negative pattern is showing accelerated falling action in comparison to the action from March through mid-April. This speaks to how rapidly events seem to be unraveling.
Resistance is seen at 0.9935, a double top from the last two sessions.
Seasonal Snapshot (cash): The 5-year pattern has a negative bias until 26May.
The 15&30yr patterns chop higher until 10May, then both fall out of bed throughout the rest of the month.

British: 17May Words of warning from U.K. Prime Minister about European debt contagion and his intentions to stick with austerity plans is keeping the Sterling on its heels:

The currency has retaken the now falling 200-day moving average (1.5820) after a probe below earlier this morning.
Since the Pound peaked on 4/30, it has been under relentless pressure, recently breaking out below the declining channel. The lower bound of that channel, near 1.6000, should be seen as a resistance level. Below that, 1.5950 is another resistance. The market tested near there in overnight action and once it fell to the lows, failed there this morning.
More weakness targets the 12Mar low (1.5601), but it may take a period of consolidation before it is reached… look for a bear flag or pennant formation with declining Volume.
Our technicals remain quite negatively biased, but be on guard against our Oversold and falling indicator (13). Volatility is Low but rising
Seasonal Snapshot (cash): All three patterns have a quite negative bias until the end of May.

Canadian : 17May Much like the Aussie$, its “commodity currency” counterpart, the Loonie is in an extreme Oversold (14) race to the downside.
The falling 200-day moving average (99.40) and falling trend line old support going all the way back to January should offer new resistance.
On more weakness, watch the series of previous lows: 9711 on 13Jan; 9675 on 9Jan; 9582 on 19Dec; 9497 on 25 Nov and finally, 9367 on 04Oct.
April Canadian CPI is on deck tomorrow morning.
This market is also now pressuring the –3 STD below the 21-day moving average as our Bollinger Bands expand in wild fashion.
Seasonal Snapshot (cash): All three patterns have a choppy, negative bias until 26May. The 30yr’s is more protracted than its shorter-term counterparts.

Dollar Index: 17May We still assert that the DX ascent rate is likely becoming unsustainable as the chart action looks to be going parabolic.Don’t be surprised if a near-term correction occurs. Our technicals are all pointing higher, but the Overbought level is extremely high at 97 as of this writing.
Trading is now in the area the market peaked back in mid-January. Resistance would be all the way up to 82.00, the upper bound of that same trading area.
Support below 81.00 is difficult to see with clarity, as there are so many trade gaps below the market since the latest rally began. 80.35-80.40 would be the first level we’d recommend watching. This is where the market failed to go higher in early/mid-April.
Bigger picture, we remind readers of our past comments:
“Watch for any evidence the Dollar is not the safe haven under crisis market conditions. This would change existing assumptions dramatically.”
Seasonal Snapshot: The 15&30yr patterns consolidate in choppy fashion until the end of May. The 5yr declines during this period.

Euro-FX: 17May More negative news, and more negative technical dynamics despite the near unchanged level as of this writing. Since failing to breach the 1.3300 resistance during the May Day holiday on 5/1, this market has been under relentless pressure.
The Euro has now fallen through all of our identified support levels. Currently, it has probed to new lows below the 1.2700 level, held and rebounded into the mid-January congestion area. The support level will again be 1.2700,and then below that to 1.2625, near the January lows. Resistance lies above near 1.2800. This is both a psychological level and an area that offered resistance back in January.
Of note, this market is extremely Oversold at 4. If some sort of “deal” is trotted out to “fix” the issues at hand, a material bounce may be in the cards.
The Greek political impasse continues to dominate the Euro’s news dynamics. As we stated last Thursday, the Euro has and probably will probably remain under pressure so long as the political crises continue to roil the Euro-zone.
Greece is the current issue at hand, but what happens when Spain or Italy ends up in the spotlight?
Seasonal Snapshot: The 5&15yr patterns consolidate and the 30yr pushes lower until the end of June.

Yen: 17May Yesterday’s Hammer Candlestick formation tested and held above support in the low 12400s. Support should be offered in this area going forward.
A better than expected GDP (+1.0% vs. +0.8% expected with a 0.2% upward revision to the previous quarter) squirted the Yen up through last week’s highs (1.2595). The high of the move so far tested rising trend line resistance (1.2640) that extends back the 01May high. Steeper rising trend line resistance back to the bottoming action seen in mid March comes in at 1.2700. We are wary of any signs of BOJ intervention on this current spike, as it wants a weaker Yen to maintain the Japanese economy’s currency competitiveness.
Seasonal Snapshot: Modest weakness in all three patterns will turn positive for a week on 1May, then consolidation into the first part of June.


Disclaimer: A commodity and currency report brought to you by Providio Trading Consultants, Inc. There is risk in trading futures and options. One's financial suitability should be considered carefully before placing any trades. Past performance is not indicative of future results. ]]> Daily Market News providiotrading http://www.forexforum.asia/showthread.php?30644-Providio’s-Daily-Futures-Market-Commentary-For-May-17-2012 http://www.forexforum.asia/showthread.php?30643-Should-I-factor-in-time-frame-when-purchasing-a-forex-robot&goto=newpost Fri, 18 May 2012 02:33:14 GMT Hi, Should I factor in time frame when purchasing a forex robot? thks Hi,

Should I factor in time frame when purchasing a forex robot?

thks ]]> Forex Trading Strategies and Systems bufferwannabe http://www.forexforum.asia/showthread.php?30643-Should-I-factor-in-time-frame-when-purchasing-a-forex-robot http://www.forexforum.asia/showthread.php?30642-Japan-Department-Store-Sales-Due-On-Friday&goto=newpost Fri, 18 May 2012 00:50:38 GMT Japan is on Friday scheduled to release April figures for department store sales, highlighting a light day for Asia-Pacific economic news. More...... Japan is on Friday scheduled to release April figures for department store sales, highlighting a light day for Asia-Pacific economic news.

More... ]]> Daily Market News rttnews http://www.forexforum.asia/showthread.php?30642-Japan-Department-Store-Sales-Due-On-Friday http://www.forexforum.asia/showthread.php?30641-EURUSD-Remains-Below-1-27-After-Moody’s-Downgrades-Spanish-Banks&goto=newpost Fri, 18 May 2012 00:50:38 GMT Moody’s latest downgrade of 16 Spanish banks confirmed one of the dominating themes throughout the trading session. The Euro remains at its lowest level versus the Greenback since January.


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Sponsored by FXCM ]]> Daily Market News DailyFX http://www.forexforum.asia/showthread.php?30641-EURUSD-Remains-Below-1-27-After-Moody’s-Downgrades-Spanish-Banks http://www.forexforum.asia/showthread.php?30640-TIME-and-PRICE-–-SIGNALS-TURN-in-the-MARKET&goto=newpost Thu, 17 May 2012 20:22:01 GMT Hello. My name is VVK. I am engaged in the markets for some years. I wish to tell about my researches. My interest always was time, namely:... Hello. My name is VVK. I am engaged in the markets for some years.

I wish to tell about my researches.

My interest always was time, namely: TIME OF THE TURN IN THE MARKET.

The overwhelming majority of the literature explains under what price or from what levels to enter. But only very small part of a material speaks WHEN to enter. For me it was primary important - during what moment of time there will be a turn in the market. Same confirm the majority of successful traders - yes, the price is important; however more important is the question of time of a turn - i.e. when the market will go to other side.


Having read through a plenty of the literature, having checked up in practice tens methods of the forecasting offered by authors, I have not found enough exact, meeting my requirements.
From all read through, being guided by the personal experience in the market, I have invented my technique of forecasting of TIME-signals (in the literature yet did not meet).

Naturally there is a question: on what the given technique is based? As well as any inventor, being guided by the copyright (as a part of civil law) I would like to leave my calculations of forecasts of market turns behind frameworks of discussion. I can tell only, that has applied elementary mathematical calculations and laws of the nature. Such respected authors spoke about them as Fibonacci, Gann, Elliott, Larry Pesavento, Micula Patrick, Carl Futia, Daniel Ferrera, etc. Their works have formed a basis for my calculations.

We want that or not, but the man is a part of the nature, and consequently his behaviour (including in the markets) submits to laws of the nature. For beginning traders I shall tell, that Sacred Graal does not exist. There are only the techniques, helping to understand behaviour of the man in conditions of the market.

WARNING:

Trade in currency and other markets is connected with risk. My advice - do not risk money which you do not presume. As spoke one of my teachers - there is only one thing which is easier, than earning money in the market, - is their loss.

Trade any of methods does not exclude some share of false signals. All the data given by my technique, are intended exclusively as auxiliary for your trade. I give to you the facts - TIME-signals about a turn of the market. Your right - to have the opinion - to enter into the market or not.

The author warns that there is a probability of reception of losses in case of absence of stops and default of the trading plan.

The INFORMATION about TIME - signals:

1) We trade probabilities. It means, when there comes a TIME-signal, there is much more a high probability of a market turn, than in other days which are not having a signal.
2) The TIME-signal specifies the key moment which comes in the market. In overwhelming majority it is points of a turn. Sometimes are points of the beginning of strong continuation of a trend with the subsequent break of the nearest levels.
3) The TIME-signal specifies a turning candle (with accuracy plus-minus one candle).
4) Force of a signal depends on concurrence in one point of one-two-three and more TIME-signals (2T, 3T...). The signal can also intensify from consistently located signals.
5) The Technique does not show all key turns of the market. In case there is no indication of a TIME-signal on the ending of a trend, calculations show a TIME-signal on the second wave.
6) As a rule, it is possible to assume a direction of a TIME-signal (Buy or Sell). In some cases the TIME-signal specifies an opposite direction to that was expected. In this case I speak about False-signals. Here, probably, we incorrectly interpret this signal as we not know all about time (quality of a TIME-signal). Experience shows, that double and even threefold signals not always give start to strong movements (as a rule on small timeframes – 1 min, 5 min).

The PLAN of work:
TIME-signals next month for DAILY are published in last numbers of current month. In the beginning of each month I shall publish the statistical analysis of the published signals.
Periodically before trading day I shall place TIME-signals for 5-minute timeframes.

If it is interesting to you, - use in the practice.
If it is indifferent to you, then try to be attentive to dates specified by me in forecasts.

P.S. I began the publication of the signals with the key moments of time in the market. Therefore you will find in archive only TIME-signals. In the future I plan the publication of key price levels.
Archive: MasterTradeSignal.blogspot.com

---------- Post added at 11:22 PM ---------- Previous post was at 11:20 PM ----------

Larry Williams:

«I can teach anyone, but not everyone can do it. A good cook can learn to cook any soufflé. But not all of his chefs can prepare it. Some people are just too emotional, while others can not stay focused, and some just stupid - at least in regard to the market. I can not do anything with it».


Forecast EUR/USD 5 min for 18.05.2012


KEY points in the Market

TIME - EET (GMT+2)
08:00 - 20:00


8:05 18
8:35 18
9:00 18
9:15 18
10:15 18
10:25 18
11:25 18
11:40 18
11:50 18
12:05 18
12:30 18
12:55 18 2T
...
MasterTradeSignal.blogspot.com ]]> Currency (Forex) Trading MasterTradeSignal http://www.forexforum.asia/showthread.php?30640-TIME-and-PRICE-–-SIGNALS-TURN-in-the-MARKET http://www.forexforum.asia/showthread.php?30639-USD-Remains-Overbought-JPY-At-Risk-As-Intervention-Threats-Resurface&goto=newpost Thu, 17 May 2012 19:15:14 GMT The greenback struggled to hold its ground on Thursday, with the Dow Jones-FXCM U.S. Dollar Index falling back from a fresh yearly high of 10,141,... The greenback struggled to hold its ground on Thursday, with the Dow Jones-FXCM U.S. Dollar Index falling back from a fresh yearly high of 10,141, but the weakness may be short-lived as market sentiment remains frail.


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Sponsored by FXCM ]]> Daily Market News DailyFX http://www.forexforum.asia/showthread.php?30639-USD-Remains-Overbought-JPY-At-Risk-As-Intervention-Threats-Resurface http://www.forexforum.asia/showthread.php?30638-U-S-Leading-Economic-Index-Shows-Unexpected-Drop-In-April&goto=newpost Thu, 17 May 2012 15:03:09 GMT After rising for six consecutive months, the Conference Board's leading economic index unexpectedly showed a modest decrease in the month of April.

More... ]]> Daily Market News rttnews http://www.forexforum.asia/showthread.php?30638-U-S-Leading-Economic-Index-Shows-Unexpected-Drop-In-April http://www.forexforum.asia/showthread.php?30637-Philly-Fed-Index-Unexpectedly-Indicates-Contraction-In-May&goto=newpost Thu, 17 May 2012 15:03:09 GMT Activity in the Philadelphia-area manufacturing sector unexpectedly contracted in the month of May, according to a report released by the Federal... Activity in the Philadelphia-area manufacturing sector unexpectedly contracted in the month of May, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday, with the index of activity in the sector turning negative for the first time in eight months.The Philly Fed said its diffusion index of current activity tumbled to a negative 5.8 in May from a positive 8.5 in April, with a negative reading indicating a contraction in regional manufacturing activity.

More... ]]> Daily Market News rttnews http://www.forexforum.asia/showthread.php?30637-Philly-Fed-Index-Unexpectedly-Indicates-Contraction-In-May http://www.forexforum.asia/showthread.php?30636-U-S-Leading-Economic-Index-Unexpectedly-Dips-0-1-In-April&goto=newpost Thu, 17 May 2012 15:03:09 GMT After rising for six consecutive months, the Conference Board's leading economic index unexpectedly showed a modest decrease in the month of April. The Conference Board said Thursday its leading economic index edged down by 0.1 percent in April following a 0.3 percent increase in March. Economists had expected the index to inch up by 0.1 percent.

More... ]]> Daily Market News rttnews http://www.forexforum.asia/showthread.php?30636-U-S-Leading-Economic-Index-Unexpectedly-Dips-0-1-In-April http://www.forexforum.asia/showthread.php?30635-Euro-At-Risk-On-Spanish-Bank-Downgrades-Pound-Searches-For-Support&goto=newpost Thu, 17 May 2012 14:34:00 GMT Market sentiment weakened further on Thursday amid the ongoing turmoil in the euro-area, and the flight to safety may gather pace going into the end... Market sentiment weakened further on Thursday amid the ongoing turmoil in the euro-area, and the flight to safety may gather pace going into the end of the week as European policy makers fail to stem the risk for contagion.


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Sponsored by FXCM ]]> Daily Market News DailyFX http://www.forexforum.asia/showthread.php?30635-Euro-At-Risk-On-Spanish-Bank-Downgrades-Pound-Searches-For-Support