Great Forex website at Nobullshit Network Forum

nobshyip · 01-24-2008, 12:43 PM

I find very interesting this Forex website about fundamentals. They make an analysis telling you where institutions are putting their forex dollars, influence from stock market in currency pairs, fundamental strenght analysis, etc. You should see the videos to understand this analysis but they are not difficult to understand. I like a lot the COT (Committment [...]

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Optional · 01-24-2008, 09:34 PM

Wow... that really looks like a great info source.

Profiting with Forex (PFX) - Watch Forex Professionals Currency Trade

I really like the feature on their news calander where you can display a chart of the major affected currency and see what happened at each previous release of this news over the last six months.

I've attached their chart of the Japanese CPI release due at 7.30pm est today

Quote:

JPY CPI

This chart tracks this release over the last 6 months. An arrow points up if the news was better than the previous release and therefore good for the base currency. The arrow will point down if the release was worse than previously and therefore bad for the base currency. Sideways means it was as expected. Look for correlations between the release dates and subsequent movements as well as correlations between announcements and the results themselves.

Sometimes there may be no correlation at all, which is just as important to know.

JoseLeon · 01-25-2008, 09:46 AM

Yes, this website really surprised me