new way for forex trading..


                                     It is the new way for forex trading.

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Italian stocks lead Europe as budget deficit fears quelled

LONDON (Reuters) - Italian stocks turned from a drag into a boost for European markets on Wednesday as signs the government would target a lower budget deficit quelled investors’ fears of a damaging showdown with the European Commission. Italian bank stocks jumped as much as 3 percent after government bond yields fell back and the spread to Bunds narrowed thanks to reports the government was targeting a lower budget deficit in 2020 and 2021. Still in the thrall of developments on the Italian front, the leading euro zone stocks index and the pan-European STOXX 600 climbed 0.3 percent with bank stocks the best-performing, up 0.8 percent. Italy’s FTSE MIB outperformed, up 0.5 percent with the banks index last trading up 0.7 percent. Unicredit and Intesa Sanpaolo were among the top gainers, up 2.6 percent each, while Mediobanca, UBI Banca, and Banco BPM also rose as much as 5 percent. Banks, which have large sovereign bond holdings, suffer the most from selloffs in the bond mark...
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Australia cuts its rates more than forecast to 3.75%

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The Reserve Bank of Australia has cut interest rates more-than-expected because economic conditions were "somewhat weaker" than forecast. It added that inflation had also moderated in recent months. The bank cut its key rate to 3.75% from 4.25%. Most analysts were expecting a 0.25 percentage point cut. There have been increasing signs that Australia's economy is being hit by a slowdown in global growth and demand for its resources. "This decision is based on information received over the past few months that suggests that economic conditions have been somewhat weaker than expected, while inflation has moderated," the Reserve Bank of Australia (RBA) said in a statement. "Growth in the world economy slowed in the second half of 2011, and is likely to continue at a below-trend pace this year."
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Breakout, Pullback, Continuation Pattern

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I would like to share an effective way of trading. It is simple and very profitable with excellent risk reward ratio. It is trading using Trendlines & Chart patterns. I focuses on QUALITY trades, NOT QUANTITY. Less trades but quality trades is the best way of trading. 1st: You need to identify channel. 2nd: Look for a breakout. 3rd: Look for a pullback testing the trendline. 4th: Enter the trade after the pullback, and put the stop loss 5 pips behind the pullback. 5th: Profit target – Calculate the size of the channel
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