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Best Timeframe for Forex?

DavPas90 Posted 6 Nov.  in #Trading #Forex #Tradercontest
What's the best timeframe in Forex Market?
Some traders say that is the Daily, some others say that the best is 10 minute, others monthly...and so on. But, over the subjective vision of the market, in an objective way, what is the best timeframe for trading in forex?
We have to consider that the Fx market is a low-volatilty market and its volatility is controlled by our level of leverage implied in our trading strategy. So, if we want to do trading properly on forex, we have to consider a multip…
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FOMC Meeting, expectations on USD

DavPas90 Posted 19 Sep.  in #Forex #Trader Contest #Fomc
Tomorrow is the time for the FOMC Meeting to reveal what they're going to do with the rates. There's almost a 100% possibility that everything will be unchanged and Yellen would not hike rates. If we look at the market, there are some reasons for Yellen to hike rates another time. Here it is, the reasons for hike rates:
WEAK USD
Against the Euro, the USD is very weak. We have a 15% weaker Usd against Euro from the beginning of the year. This is very important in a Macro way, because all the asse…
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EURUSD to 1,0580?

DavPas90 Posted 2 Feb.  in #Trader's blog #Forex #Euro
This is a weekly EURUSD chart.
Looking at it, seems to be that the main trend a daily and weekly base is clearly Long, but, if we look at the prices, as my Price Based Method says, Euro is going to reverse from these levels. Yes, from area 1,0800-50 there could be a reversal of this very strong bullish trend.
WHY A REVERSAL? THE PRICE TELL ALL ABOUT THAT
The brown price, 1,0850 area (or just some pips more) was an important support on the long term for Euro, so it could be a strong resistance p…
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