DEMO and LIVE TRADING ACCOUNTS: www.tradingfx.com RANGE BAR CHART SOFTWARE DOWNLOAD: www.tradingfx.com AWARD WINNING TradingFX FOREX RANGE BAR CHARTS: www.tradingfx.com INFORMATION and FREE CLASSES Info@TradingFX.com
DEMO and LIVE TRADING ACCOUNTS: www.tradingfx.com RANGE BAR CHART SOFTWARE DOWNLOAD: www.tradingfx.com AWARD WINNING tradingfx FOREX RANGE BAR CHARTS: www.tradingfx.com INFORMATION and FREE CLASSES Info@tradingfx.com
DEMO and LIVE TRADING ACCOUNTS: www.tradingfx.com RANGE BAR CHART SOFTWARE DOWNLOAD: www.tradingfx.com AWARD WINNING tradingfx FOREX RANGE BAR CHARTS: www.tradingfx.com INFORMATION and FREE CLASSES Info@tradingfx.com
Hi everyone. Aside from the Yen, which lost a lot of ground after newly appointed Japanese finance minister Naoto Kan said he prefers the Yen to continue its current decline, the markets remained within ranges, most likely waiting for the NFP release later today. We do expect the data to possibly cause a breakout, and in our case, we dont care in which direction. The 1.42 level has held nicely and most recently the 1.4300 figure on EUR/USD. Fundamentals are mixed all across the world, except in Australia, where retail sales jumped to 1.4% last month, much higher than the anticipated .4%; however, if you take a look at historic figures, the data is very volatile and should be taken with a grain of salt. We favor a break below 1.4200 to test 1.4000. Were setting this up for the News! Trade service. If youd like to see how we trade the news, please register at the following link: www2.gotomeeting.com News! Trade: Trading Non-Farm Payrolls Live When: Friday, January 8, 8:00am US Eastern time (2:00pm Amsterdam, 5pm Dubai, 10pm Tokyo) We look forward to seeing you there. Until then.
I made a hedged trade today on the EUR/USD currency pair. I was able to get 60 Pips Long, which was a 00 profit at 2 lots. The Short trade ended up -42 Pips for a 0 Loss. So the net result was a 0 Profit. The great thing about the Hedging Strategy from the Simple Forex Trading Course is that it really reduces risk. You also do not have to worry which way prices goes when you first enter a trade. This reduces stress and makes trading the market a so much easier!
As we expected, the dollar continued gaining ground against the majors. As we reported yesterday, the breakout last week had no momentum and the reversal late last week signaled for further dollar strength. Will it continue? Thats the magic question. We think so. There is a lot of global uncertainty and we think the dollar will benefit from it as it did during the first crisis 2 years ago. We dont know how quickly or how long the dollar appreciation will last, but on the longer term charts …
ForexAutopilotSystem.org – 0.000 BEST Forex Expert Advisor Top Expert Advisor! Expert Advisor Metatrader is the #1 Online Forex Expert Advisor Review Guide offering you the most reliable and best Expert Advisor reviews with the hottest …
Let acclaimed Forex trader Todd Gordon give you his FEWL system in this new course, and you will be positioned to identify the strong, trending relationships between currencies to repeatedly grab profits trade after trade. In one of the most informative and entertaining courses given by any trader, you will gain: . Simple, ready to use explanations of Fibonacci and Elliott Wave theory and application, . Powerful Forex trading psychology tactics that enable you to exploit fear and greed …
Comments (1)
Apr 27 2010