Sunday, January 31, 2010
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
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
Excerpt from forexlive.com
Symptoms of motion sickness can include:
- Generally feeling unwell
- Excessive production of saliva
- Heavy sweating
- Losing colour in the face or turning red
Sounds a lot like most traders I know with bad positions.
Monday, January 11, 2010
Nice spike in my broker at 7am. Hit my buy limit at 1.4467 and TP 20pips straightaway in 2 seconds!
Not so lucky afterall, my broker took back the money i made from the spike. LMAO
Good service quality after MT4 price spikes
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.
Wednesday, January 6, 2010
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.