Intraday Market Updates
Will China Tighten?
March 11, 2010 · 1 Comment
Chinese economic data released last night, has investors speculating that a rate hike may come as early as tomorrow. A strong economic performance and a stronger than expected inflation number increased the odds. A decision to hike by China would dampen the risk trade and benefit the U.S. Dollar. The Aussie and other commodity currencies have been sold across the board as traders liquidate some exposure. China’s consumer price index (CPI) rose... [Read the full story]
Technical Analysis
AUD/USD First Target Met at 0.9145(+20)
March 11, 2010 · 3 Comments
AUD/USD rose to an intraday high at 0.9168, to reach our short entry point at 0.9165. First target was met for +20 points (0.9045). Move stops to break even or leave room to breath. Next target 0.9077. View Original analysis Here. DISCLAMER: The above post is for information only. Before making your investment decisions please acknowledge that the information provided herein should not be taken without your own individual assessment and extensive... [Read the full story]
Columns and Articles
Managing Forex Risk with Precision Entries
February 26, 2010 · Leave a Comment
This article outlines the process for executing precision entries. The risk/reward ratio for this method is in the range of 1:10 to 1:50+ subject to position size, market conditions and the point at which the trader decides to take profit. Managing risk effectively is a critical tool both for profit generation and for long term survival in this market. Trading Forex is like attempting to catch a ride on the back of a wild animal. The trader has... [Read the full story]
Forex News
China Economic Data Calendar
March 10, 2010 · Leave a Comment
All figures year-over-year percent changes unless otherwise specified. read more Read More →
Technical Analysis
AUD/USD First Target Met at 0.9145(+20)
AUD/USD rose to an intraday high at 0.9168, to reach our short entry point at 0.9165. First target was met for +20 points (0.9045). Move stops to break even or leave room to breath. Next target 0.9077. View... Read more of this article
EUR/USD: U.S. Retail Sales to Guide the Pair (1.3660)
The pair continues to trade within a consolidation range as developments in the EuroZone continue to linger. Concerns over Greece have eased, helping the Euro hold ground. Focus will now be on the proposed... Read more of this article
AUD/USD Limit Sell at 0.9165*
The Aussie has been quite volatile as traders are unsure if prices above 0.9200 can be justified in the current state of the global economy. Employment data came in below estimates with the economy adding... Read more of this article
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Managing Forex Risk with Precision Entries
This article outlines the process for executing precision entries. The risk/reward...
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Back testing is popular, but it is not very reliable. There are many reasons that...
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