I might be slow on posting this. But I just wanna keep a back up of this hilarious video. It reminded me John McCain/Letterman lessson 🙂 And it shows you how wrong the media can be when it comes to trading/investment. So, do you still looking for ‘Advice’ from the ‘experts’ ?
When Aussie is below 0.63 cents again…
I am actually looking for long signal. Yes, I am waiting to go long. We are waiting to see how does RBA react now. Do they still think that the stimulus package is going to do any good?
Well , it is understandable why were they so confident about the stimulus package. During the Asian crisis, around 1997 to 1999 , Australia managed to grow at an average rate of 4.7%. The country’s sound foundation of strong domestic consumption was able to save Australia from past crises. Consumer consumption was the key.
They still believe in this. I guess.
Anyway, I don’t believe in what they choose to believe. But I am looking to long Aussie dollar now.
Here is the….CHART! (Click to view full chart)
CME to launch Forex E-micro Futures…bucket shops slaughter?
CME announced the launching of Forex E-micro Futures before the end of Q1 2009. What’s the catch of this? Well, the basic message for retail traders is : Trading your mini lot on regulated futures market, e.g trading Euro futures with $1.25 per tick.
Six Currency Pairs. Quoted in Interbank Terms. The Largest Regulated Forex Market.
If you would like to trade in a regulated, secure Forex market, get to know our new Forex E-micro futures, traded at CME. One-tenth the size of our standard Forex futures. One-tenth the risk exposure. All of the access to our highly liquid markets.CME will be launching Forex E-micro futures before the end of Q1 2009 on the following currency pairs:
EUR/USD, USD/JPY, GBP/USD, USD/CAD, AUD/USD, USD/CHF
Instead of fighting with the retail forex brokers, known bucket shops, maybe trading the regulated futures market is a better choice. Your choice. I guess this is a good move to make retail currencies trading environment a little better.
Education video : How to use stops effectively
Adam from Market Club prepared a video to discuss about how to use stops effectively to lock in stop. Well, I thought it is a good idea to recap somethings that you might have forgotten.
If you are not using stop today, then my friend, your trading career is going to be very short, and that’s not the purpose of the game..
One EURO trade
Again, the chart shows you everything. I was looking to Long EURUSD (My Twitt) Simple technical trade. Dummy style. Day trade during London Session.
Here is the … CHART! (Click to enlarge)
One GBPUSD trade
I think the chart shows everything you need to know. As mentioned in my Twitter, I was looking to long GBPUSD. Pretty simple technical trade. Similar to my dummy trades, but of course with some tweaks.
Here is the…… chart (click to enlarge)
