I have been trading the whole week, and still holding half position of EURGBP long. I just did not find time to write anything here. There are just too many things to think and handle outside my trading life recently. A little bit stress is building up… Anyway, that’s not the point of this post. […]
FX
Chart of the moment: $NZDJPY 11-Feb-2010
So, my Aussie positions are closed now. I am not stopping here. I am looking at potential short trade of NZDJPY. Again, this is a simple idea, I am going to test the resistance. What do you think?
Chart of the moment: $AUDJPY 09-Feb-2010
I am still trading and watching the markets. However, I didn’t find anything interesting to post on the blog, that explains why the lack of post last week. However, you can always follow my tweets. Anyway, I tweeted yesterday about going Long with AUDUSD and AUDJPY. I am still holding the positions. Here is the […]
Is it time now? A look at GOLD ($XAU)
I exited my AUDUSD long position earlier today with small loss. The entry was too early. However, I am still looking to build long positions of AUD, NZD and CAD (by Short USDCAD). Let’s see how this strategy works out. Basically, my approach is to test the market, if it does not work out, I run, […]
$NZDUSD :Catching the falling knife?
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 […]
