I did not trade on Wednesday.Partly because of busy with non trading stuffs, and can’t find any convincing setup. Generally, Dollar is in recovering mood now, and looks pretty strong ahead of Non Farm payroll. People are expecting a strong payroll report. Well, to me, the rule is simple. I am watching closely but not […]
FX
Tuesday’s trading
I made two trades today. Long EUR/JPY which was later stopped out with -1R. It was pretty choppy throughout the Asian session. Second trade was made during U.K session, Long GBP/USD. It was a very slow and choppy trade. I left my stop loss order on and went to bed. I closed the position with […]
Forex Brokers Evolution
I have been hearing some news about rising capital requirement for Forex brokers. Here we go. Well, how many small brokers will be eliminated by then? Well, in the non regulated market, this move is considered as an improvement to the retail Forex trading though. From Fxstreet.com NFA (National Futures Association) has received notice that […]
Monday’s trading
I was not available to watch the market yesterday due to my busy day job. No trade was made. I missed the move of NZD/USD and EUR/JPY in the Asian afternoon. I do not incline to put on any day trade in Monday morning (Australian hours) as spreads are normally still in ‘holiday mood’, too […]
Chart of interest: AUD/USD 24-September-2007
Another strong week for Aussie dollar (Stronger than I’d expected!). We are back to the 1989 high again. Lovely. Well, are we looking at the high at 1984 around 0.97 soon? uhm..never underestimate currency market, nothing is impossible. Anyway, I will still day trade in Long position at the moment, but I will be a […]
Thursday, No trade
As mentioned in my twitter, I was busy with non trading matters and missed out all the profitable entries of AUD/USD, NZD/USD, AUD/JPY and EUR/JPY. It was supposed to be another multiple Rs-day, but well, sometimes, you can’t have it all in life. Look at the Aussie dollar, we are back to 0.88 again. The […]
