The Most Important Forex Expert You Will Never Meet: Who is He?
Perhaps his influence is most felt today on the Foreign Exchange Market, where many traders use a methodology based on his ratios to determine when to enter and exit a trade.
Nzd
Still in nzd trade, actually added some close to 82 and already took it off, didnt post it as dont advise adding yet as market in squeeze mode at month end. So just use post from yesterday. Stop above 8225-30. If too much risk for you, pull it in to fit your risk management. Chose…
Trade Call for February 28, 2008
TRADE CALL RECAP For my last live trade calls, we were watching the UK GDP and US Durable Goods Orders reports that were released this morning. Neither of these trades met our triggers, so we did not enter based on either of the news events. To see the videos of these news events, click on…
Forex Fallacies: The Top Ten List
When it comes to trading Forex, most short-term traders are also short-time traders. They lack the stomach and the capital to stay in the game. For the patient, committed, informed investor, Forex is a promising and lucrative Market. Most “wanna-be” traders do not fit the above description, however, and ultimately lose out.
Nzd Update
IN Nzd from 8125, still holding and will cont to hold, this afternoon saw a stophunt and squeeze on usd but only had to hold thru 60 pip drawdown in nzd, thats why choosing the pair, month end this week which is ripe time for stophunting for more month end profit. I am looking for 100…
Trade Calls for February 27, 2008
CANADIAN RETAIL SALES PROVIDES UP TO 40 PIPS FOR TRADERS Last Friday we were watching the Canadian Retail Sales figures, and we were looking to long the USD/CAD and EUR/CAD if the number came out at least 0.4% worse than expected. The actual number came out with a deviation of -0.6%, so it met our…
Nzd
Looking to sell nzd close to 8120-30.
Weekly outlook for Commodities
Comments: Commodities are still strong this week. We continue to sound the alarm about the commodities correction to come. Again we are not commodity bears at all, just no longer bulls in the near term. We are using these spikes to higher prices both last week and this week to exit long trades in commodities. …
Weekly outlook for Majors
Comments: This week we have a lot of data coming out. Here in the US we have PPI, then later in the week we have GDP coming out of England. We expect to see another week of mixed movement with little directional bias. Overall the Dollar is still trying to find and hold a bottom…
HI
Past week was out of town on business and preparing for different format. Will be back in the saddle next week. Today if want a trade, sell aud 9240-55.
Traders Make Up to 70 Pips on UK Retail Sales / Trade Call for February 22, 2008
UK RETAIL SALES REPORT PROVIDES UP TO 70 PIPS OF PROFIT I would like to recap what we did on the last live trade call and give you the criteria for a possible trade tomorrow. The last trade call I sent out covered the UK Retail Sales report this morning. For the Retail Sales report,…
Live Trade Call for February 21, 2008
TRADE CALL RECAP This morning we were watching the US CPI, and we were looking to enter if the deviation met our safe trigger of 0.1%. The actual number came out with 0.1% deviation, so we entered this trade. Although it took a few minutes for the market to move, we had traders report profits…