It's been a while since i post here. Picture above is my prediction for coming trading session. Right now, all i see is a correction move and EJ will bee retesting support become resistant @ 129.5/130. Also nice pin bar @ monthty is reforming. With Euro fundamental is a bit sluggish & also last time Trichet spoke, he hint that ECB will decrease rate. I do not sure but i think market is position the price as we speak.So, at this point, im scalping along the way to 129.5/130 with small posi... Read Full Story
Testimony by Secretary Henry M. Paulson, Jr.before the Senate Banking Committeeon Turmoil in US Credit Markets: Recent Actions regardingGovernment Sponsored Entities, Investment Banks andother Financial Institutions Washington, DC--Chairman Dodd, Senator Shelby, members of the committee, thank you for the opportunity to appear before you today. I appreciate that this is a difficult period for the American people. I also appreciate that Congressional leaders and the Administration are working... Read Full Story
Today is friday, usually weekly traders take profit at the end of london/US session. As usual, we have bunch of news but seem like in US session news will make more impact and volatile in market today. I think consolidation is still in play in most currency vs usd. Yen is getting stronger but i beleive we haven't reach bottom. Like GBP/JPY, i think maybe we can see 180 in near future but i could be wrong.Focus today is news in US session. WE have Core Retail Sales m/m, PPI m/m, Retail Sales m... Read Full Story
1- Forex signal for gbp/usd - Sold @ 1.7520Status - Closed @ 1.7450 +70 pips.2- Forex signal for gbp/usd - Buy @ 1.7450Status - Closed @ 1.7575 +125 pips.3- Forex signal for gbp/jpy - Sold @ 188.60Status - Closed @ 185.00 +360 pips.4- Forex signal for gbp/jpy - Buy @ 185.00Status - Closed @ 188.00 +300 pips. Read Full Story
Today we have bunch of news but i think none of this news will have some big impact in market condition, at least for today. So, i think i have to focus on technical indicator. GBP/USD today in my chart is open on the pivot line which is 1.7604 right now. MACD is below 0 level and RSI is also below 50 level. Volume is moderate at the moment. So i think i will wait till i have more evidence to execute my positon in GBP/USD. Maybe euro or london session will shed some light where this currency ... Read Full Story
Today we have some important news in asian session and US session. Look like that NFP data has started to showing it's effect on usd and cross currency. As i said in previous posting, monday is usually boring day, but this week has started with some volatile in most pair.I like to focus today with BRC Retail Sales Monitor y/y, RICS House Price Balance, Home Loans m/m and Retail Sales m/m in asian session. Look like that pound has showed some strengh yesterday, following last week NFP weak dat... Read Full Story
Monday. Usually, monday is moody day for traders. Not much volume and not so volatile movement. Today, when market open, my position is auto close with big profit in hand. So i think i will not trade today as my daily target is overly reached. Maybe today we can see some nasty movement base on last week worst NFP data.From my experiences, i think this a good signal for trend changing. Maybe, give me some hint that wave 3 (Elliot wave) is in beginning mode in crossing @ vs yen pair. Will have ... Read Full Story
