Sunday, January 31, 2010

Euro and UJ

USD/JPY is stuck in the range of 90.50 and 89.80. Waiting for a clear breakout and entry on the pullback bounce from the SR level. Currently we are seeing both USD and JPY strength due to the risk aversion nature of the market.

Euro has finally reach the 1.3900-1.3800. 1.3800 is an important support, 50% fibo point.

Tuesday, January 19, 2010

Euro's fall

The euro fell broadly on Wednesday, hitting a four-month low against the dollar on concern about Greece's fiscal problems and breaking below a key chart level that could signal a bearish trend for the currency.

The euro's slide below its 200-day moving average of around $1.4296 initially gave investors a technical sign to sell the currency, and its break below $1.4250 and the December low near $1.4220 later triggered loss-cutting orders and sparked broad euro-selling, traders said.

Strategy: Sell on rallies~

Wednesday, January 13, 2010

Symptoms of a trader

Excerpt from

Symptoms of motion sickness can include:

  • Generally feeling unwell
  • Excessive production of saliva
  • Headache
  • Nausea
  • Dizziness
  • Hyperventilating
  • Heavy sweating
  • Weakness
  • Losing colour in the face or turning red
  • Vomiting.

Sounds a lot like most traders I know with bad positions.

Spike Strategy

Wednesday's spike strategy. Have fun!

Monday, January 11, 2010

Lucky Pips~

rclxms.gif Nice spike in my broker at 7am. Hit my buy limit at 1.4467 and TP 20pips straightaway in 2 seconds! rclxm9.gif

Not so lucky afterall, my broker took back the money i made from the spike. LMAO

Good service quality after MT4 price spikes

By Alexander || January 12, 2010 at 05:44 GMT
|| 0 comments || Add comment

If anyone was affected or lost money today because of the price spikes/mis-quotes from FXXD’s MetaTrader 4 platform today, I’m happy to have received this e-mail after following up on the issue:

Dear FXDD Customer,

Thank you for your patience, we are aware of the issue which has occurred today in regards to the Spikes. The reason for this is do to a wrong price feed which we have received, if your account was affected then we will definitely look into it and either credit or debit it as it should have been. Honestly I have worked for this Broker for many years and something like this does not happen. As mentioned earlier we do encourage our clients to step up and come in with any issues, we are very quick with resolutions and investigations.

Thank you very much for your business and the cooperation, I am here at your service for any further issues you may have.

Kind regards,

Alex xxxxxxxx

Wednesday, January 6, 2010

won NickB price action video course

The year just keeps getting better and better. After winning a macbook air. I won a forex trading video called NickB Price Action Analysis Course~ This course will definitely help my trading tremendously.

Tuesday, January 5, 2010

6 Jan 2010

Bearish flag formation in Euro on the Daily Chart.
80% possibility of breaking down. However if if breaks up, it will violate the flag pattern.