I'm off to Thailand for 6 weeks tomorrow so that means that there will be no more blog posts or email messages until September. I was going to try and organize some guest posts from other bloggers, but I never got round to doing it, so I'm sorry about that.

In the meantime you might want to check out my main 4 hour trading strategy by filling in the form to the right, if you haven't already done so. Plus if you're new to forex trading, you might wish to check out Bill Poulos' very affordable forex course, which will teach you all the basics of forex trading, and will also provide you with a simple trading strategy that you can use to trade the markets.

Anyway that's about it from me. I'll talk to you again in September.

The Price Oscillator indicator (sometimes referred to as the Percentage Price Oscillator indicator) incorporates two moving averages (a short one and a long one) and is similar in many ways to all the other oscillating indicators, except that this one doesn't have overbought or oversold areas. Instead it provides you with a buy signal when the indicator crosses above 0 and a sell signal when it crosses below 0.

You could simply trade these crossovers all day long but it probably wouldn't be profitable to do so because  More on The Price Oscillator Technical Indicator

I've been looking closely at the EUR/USD pair this morning and I'm coming to the conclusion that at the current price of 1.2640, this is a good shorting opportunity for both long-term and short-term traders.

(UPDATE: I didn't trade this one unfortunately as the price was already down to 1.2570 when I switched the computer on on Monday morning, but the price did fall nicely and would certainly have given me the 50-100 points that I was looking for from the first half of the position as it fell to 1.2523. The second half of the position would have been closed out at break-even as the price subsequently bounced back. Also because the price closed above the trendline, the argument for a short position is no longer valid).

More on Latest EUR/USD Analysis - July 11 2010

I just thought I'd post a quick trading update today because it's been a very exciting few days and I now have some spare time having closed virtually all of my positions earlier today. As I predicted a few weeks ago, I haven't been trading forex at all whilst the World Cup (and Wimbledon) has been on, and have been concentrating on my stock trading instead, and boy am I glad I did. It's been my most profitable week ever and it's more than paid for my upcoming 6 week holiday in Thailand.

Whilst all the 'experts' were waffling on about death crosses on the major indices and people like John Piper were saying that the FTSE's heading for 1500 (which is one of the funniest things I've ever heard), I was busy buying  More on My Most Profitable Week Ever

The 200 day moving average is one of the most widely used technical indicators because when applied to the long-term charts it gives you a great indication of the long-term trend. If the moving average indicator is sloping upwards then the price is in an upward trend, and if it's sloping downwards the price is obviously in a downward trend.

However it's worth noting that there are different types of moving averages that you can use. Most traders tend to use  More on 200 Day Moving Averages - SMA v EMA v TEMA