Friday, January 22, 2016

Forex markets: Once again Draghi did his magic trick

“Uncle” Draghi yesterday used the power of words acknowledging that downside risks have increased again and the central bank will review their stance at their next meeting. He emphasized that the ECB has the power, willingness and determination to act, by using any of many tools within their mandate.

So not only did he manage to push the EUR lower causing readjustments in the forex markets, producing excellent trades, he also helped in putting an end to the dropping oil prices and Stock markets.

No wonder why many of us call him “uncle” !

Sunday, January 17, 2016

DAX trades produced for 8 weeks prior to Jan 17 2016

The Marbles indicator is set to compute at the end of each bar. As soon as a Marble with a different color from the previous one is produced, an entry at the open price of the following bar is to be initiated, long for a green Marble and short for a red one.

Then the trade is to be managed in line with individual trading profiles setting stop loss, fixed or trailing and profit taking.

The ultimate exit from a position is when a different color Marble is seen and at that time the trade is reversed.

For guidelines regarding trade management or other info please contact gemsbot at gmail dot com.

Install the indicator on your platform to see the Marbles trades live.

Thursday, January 7, 2016

Wednesday, January 6, 2016

#FX #Forex The market to be in when all others are in turmoil.

Dow Jones diving, Oil, China, Korea good enough reasons to produce excellent forex trades. Just look at my 21 pairs, 3 timeframes open positions P&L