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Name:ForexMentor

Peter Bain is the Internet's #1 Forex coach and mentor. He is famous for his unique ability to uncover new and innovative ways to harness the power of the Forex. Peter has long been known for his passion for commodity and currency trading. Peter learned trading in the early days of his career from some of the top traders in trading houses. Over the years, he has developed his instincts for a simple yet powerful trading system based on his Pivot program, which has be continuously refined over the years. His system is the same system used by many trading houses today. For more information, please visit http://www.forexmentor.com

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Thursday, November 09, 2006

Important to know for trading commodity currencies such as CAD and AUD

I looked at the daily futures chart for crude oil. Please note the positive divergence on MACD and Stochastics on the attached daily chart. This is important for trading commodity currencies such as CAD and AUD. These nice charts are available for free at: http://www.stockcharts.com/

By the way, this is a great site for looking at oil, gold, currency futures etc. The charts can be decorated with any indicator. I love it.

Greetings from,

Christoph Lahrs
Albany, CA

Daily%20futures%20chart%20for%20crude%20oil.GIF

posted by ForexMentor | 5:20 PM  

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