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.Details
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…Details
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…Details
Looking to sell nzd close to 8120-30.
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. …Details
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…Details
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.
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,…Details
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…Details
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 Canadian CPI report this morning. We were looking for a deviation of 0.2% to enter a trade. The number came out with…Details
Comments: Commodities continue to be strong but the bull is showing signs of exhaustion in many areas. After exploding to the upside, grains as a whole have been unable to maintain those high prices. Gold too has been unable to push through recent highs. We are in no way saying that the bull in commodities…Details
Predictable indicators seem to point toward a good year for informed currency traders. The Foreign Exchange Market will remain an exciting – and promising – arena for the serious investor.
Volatile and uncertain: these seem to be the sentiments governing the Markets at the beginning of 2008. Concerns about recession in the United States, fueled by the embattled subprime industry, rising fuel costs, cautious consumers, and a litany of other financial worries. The Fed has responded with unprecedented swiftness and purpose, slicing its rate by 125 base points in a matter of days. The current administration, along with Congress, promises rebates to American taxpayers to stimulate the economy.Details