I am looking at 240 min chart of EURGBP. Are we heading for another breakdown? I am watching closely, and maybe, we are looking at 0.87-ish. What do you think? Some technical statistics: About this tool
FX
Does NFA changes really hurt FX trading business?
So, we know NFA has been changing rules. Retail traders are complaining, moving away from U.S based brokers. But, is the change really bad? Well, firstly, I am not trying to defence NFA. I am just thinking, should I really look for another European based, or Australian based broker? I am not sure. The change […]
Updates
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 […]
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 […]
