I’ve only made a couple of trades early of the week. I generally do not initiate new positions during FOMC, NFP week. So, most of the time, I am just enjoying watching the markets. Meanwhile, I am preparing my travel-trading plan for the coming months. As mentioned before, I’ll be travelling around South East Asia […]
Updated free trading courses
Marketclub has recently updates the free trading course, which I think it is worth checking out. Here are the lessons that you get in your inbox (1) The importance of psychology in price movement (2) How to spot mega trends (3) Understanding of technical price objectives (4) How to picture price objectives (5) How to […]
Chart of the moment $GBPUSD 27-Oct-2009
To me, the Cable buying during last session did not change the trend. Instead, I thought there might another opportunity for SHORTs? This is a text book pattern. Nothing fancy, let’s see how it works out. If the the breakout of the pattern realized, I am revising the downside target to around 1.6-ish, still in […]
What is your target of $GBPUSD
So how much downside of Cable are we looking at? Well, I am looking at 1.6130-1.6140. Make sense? What do you think? Here is the…. CHART! Some technical statistics here About this tool
NFA new margin requirements
This is not a breaking news, just a reminder to my readers since THE change is coming in around a month time. Official date given by NFA is 30th November 2009. CFTC approved NFA amendments to Section 12 of NFA rule book, which requires FDMs to collect a margin deposit of 1% of the notional […]
Chart of the moment $AUDJPY 23-Oct-2009
Below are daily chart and hourly chart of AUDJPY. This pair was not in my radar, and thanks to the tweet from BladeTrading. In hourly chart, we have a rising wedge forming, and a 61.8 retracement in daily. So, what do you think? Some technical statistics About this tool
