Forex review Blog Posts

  • GBP
    on Jan 25, 2011 in Forex News
    The U.K.’s economy shrunk for the first time in more than a year in the fourth quarter of 2010 as December’s severe snow storms hit the services and construction sectors, official data showed Tuesday. In its preliminary estimate...
    on Oct 27, 2010 in Forex Analitics
    Modest downward correction in AUD/USD still underway. Next likely target in 0.9550 area, which would set stage for eventual rebound to 1.05. Pair now 0.9725. Says solid Australian GDP growth, low unemployment, low inflation are good news for AUD/USD...
  • Dollar dips after China move
    on Oct 20, 2010 in Forex News
    The dollar pulled back slightly in European trading Wednesday, as investors trimmed some of the positive dollar bets they placed in the immediate aftermath of China’s surprise rate rises. The euro and the Australian dollar picked up a...
  • All our shorts covered
    on May 20, 2010 in Trading Recommendations
    EURUSD at 1.2397 (73 pips profit) EURGBP at 0.8587 (108 pips profit) EURCHF at 1.4356 (14 pips profit) it’s possible that near-term bottom is forming right now. I am still EUR bear, but in longer term.
  • EURGBP short
    on May 16, 2010 in Trading Recommendations
    at 0.8564. stop at 0.8704 We think PIGs problem much wider than hidden billions of british deficit...
  • EURCHF short closed
    on May 12, 2010 in Trading Recommendations
    at 1.4039. I do not like that it could not break below 1.40. Prefer to take profit 50 pips. I see all pair (EURUSD, EURJPY, GBPJPY, USDJPY) and consolidating in very thin range. I expect the move in the nearest future. Most probably it will be aft...
  • GBPJPY 1000+ pips move
    on May 6, 2010 in Forex News
    GBPJPY fallen more than 1000 pips during the day. First fall to 137 was caused by GBPUSD fall, but second was caused by 400 pips USDJPY move. S&P 500 was 10% lower. Reuters says it was trading error: Stocks plunged 9 percent in the last two...
  • GBPJPY short closed
    on May 6, 2010 in Trading Recommendations
    I think it may fall down, but I prefer to take 180 pips of profit. Short closed at 140.89...
    on May 6, 2010 in Trading Recommendations
    SNB buy order was filled today. It’s a great opportunity. Short open at 1.4080...
  • GBPJPY short
    on May 4, 2010 in Trading Recommendations
    open short at 142.67...
  • Differenct between new trader and prof trader
    on Dec 17, 2009 in Trading tips and tricks
    The problem is that new traders feel they have to be in a trade all the time to be successful. But in reality it is the other way around. Professional traders do not mind waiting for the quality setups. As a matter of fact, this is one of their ed...
  • Non-Farm Payroll
    on Dec 3, 2009 in Trading Recommendations
    Stay conservative today ahead of NFP. Aggressive market volatility is expected.
  • gbpjpy short closed
    on Nov 25, 2009 in Trading Recommendations
    146.39 with 300+ pips gain...
  • Dollar becomes focus of many investors’ strategy
    on Nov 16, 2009 in Forex News
    No matter what you call it – a buck, a single, a one-spot or a greenback – Wall Street stock traders are obsessing over the U.S. dollar. Pick up any analyst report on stocks, and you will likely find the word “dollar” staring back at...
  • gbpjpy short
    on Nov 16, 2009 in Trading Recommendations
    at 149.71...
  • GBPJPY short at 150.14
    on Nov 10, 2009 in Trading Recommendations
    Our stop was hit overnight with a gain of +1 pips on EURUSD short. Let’s short another currency pair. Stop at 151.14...
  • EURUSD short
    on Nov 10, 2009 in Trading Recommendations
    Impressive move in GBPJPY down more than 100 pips in 5 minutes. EURUSD 30 pips down and 30 pips up. Moving stop at 1.5001 to protect against quick move higher...
  • GBPJPY short closed
    on Nov 10, 2009 in Trading Recommendations
    at 149.53. with 61 pips profit...
  • GBP
    on Nov 10, 2009 in Forex News
    GBP drops more than 100 pips against USD and JPY in less than 10 minutes after FITCH says UK it most at risk of losing SAYS UK IS MOST AT RISK OF “AAA” credit rating. Risk appetite decreased a lot.
  • EURUSD short
    on Nov 10, 2009 in Trading Recommendations
    After breaking below 1.4950 we will move stop at cost.