SAIFULLAH SALEEM commented on Francesc Riverola's blog post Forex Oracle of the Week Contest - Place Your Forecast For EURJPY Friday's London Open Price

Afternoon guys

We are back with our casual contest? "Forex Oracle of the Week", this case in EURJPY.

EURJPY is the most popular pair in our chat room but one of the hardest to predict.... so let's see who wins this week.

Rules:

1. Remember to place here you call for EUR/JPY price for Friday July 26th 2013 London Open at 7:00AM GMT or 8:00AM BST (British Summer Time).

2. Just place ONE forecast. example: EURJPY at 131.26

3. All forecasts must be placed before Wednesday July 24th 12:00AM GMT or 13:00PM BST.

4. There will be a prize for the one of you that approaches the most to the open price. Does not matter if you got short or you exceeded the open price, the closest win. Using different words, the guy with less pips of difference with the open price, win.

5. In? case of multiple winners, the trader that made the call first wins

6. Only registered members can participate in the contest

?

And the prize?
We are repeating book, same than last week so let's hope Talisman does not win this time as he will have it twice :)

By Anna Coulling
Here in the UK we have a product called Marmite. It is a deeply divisive food, which you either love or hate. Those who love it, cannot understand how anyone could live without it - and of course, the opposite is true for those who hate it!
This same sentiment could be applied to volume as a trading indicator.
In other words, you are likely to fall into one of two camps. You either believe it works, or you don't. It really is that simple. There is no halfway house here!I make no bones about the fact that I believe I was lucky in starting my own trading journey using volume. To me it just made sense, and the logic of what it revealed was inescapable. And for me, the most powerful reason is very simple. Volume is a rare commodity in trading - a leading indicator. The second, and only other leading indicator, is price. Everything else is lagged. +info.

Source: http://www.forexstreet.net/xn/detail/3252082%3AComment%3A557696?xg_source=activity

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