I start to buy some Aussie dollar and looking to buy Kiwi dollar soon. Oh well, you can say I am catching the falling knives. So what? What would be the worst case if I am wrong? Got stopped out, that’s it. What so tough about that? 🙂 Anyway, here is 4-hr chart of NZDUSD. […]
Brokers’ response to CFTC’s leverage reduction proposal
I tweeted the news about CFTC is seeking public comment on proposed reduction of leverage to 10-to-1. In other words, 10:1 leverage would be the maximum amount allowed for all Forex traders in the U.S. Since then, I have received few emails from retail brokers about their comments to this proposal. So far, Oanda, MB […]
Is it time now? $AUDUSD is in the zone
AUDUSD has been smashed to the support zone I’ve mentioned yesterday. It is ugly. I am not happy, given the fact that my base is Australia.. 😆 Had a look at 4-hour chart, I would like to see some ‘touches’ on the support zone, and start buying some AUDUSD to test the support. Let’s see. […]
$AUDUSD : Time to break the line?
After testing the support line around 0.9170 area 3 times, we are now heading to the same area again. This time, I am looking at the break of support, and give me a target of 0.9120. I am going in with a small short position to test this idea. Let’s see. What do you think?
$AUDUSD short triggered? Not for me,yet
I read some tweets with “AUDUSD short triggered”. Err…I’m not sure. Well, instead, I am thinking of getting in some long positions to test the support zone before considering any short action. Let’s see. What do you think?
Blog Archive page
I have finally found some time and a simple method to create a clean archive page of this blog. I started blogging around year 2006, and I shall admit that this blog is not as organized as I would like it to be. 🙂 Anyway, in case you are interested in reading my old postings, […]
