Archive for October, 2009

• Does my market affect yours? Or does yours affect mine?
  kevinmhughes, October 30th, 2009 at 5:20 pm, Comments: 0

  Trading is not a lazy man’s career. You need to know the markets, all of them, and how they MAY affect each other. Be confident and have a PLAN/Strategy & stick to it!

• NZDUSD pressured today. Has it gone too high?
  gregmikefx, October 30th, 2009 at 11:54 am, Comments: 0

  The NZDUSD is pressured today after rallying strongly yesterday on the back of the stronger US GDP. The pair has been trenling up for most of 2009 on the back of higher commodities and global recovery theme.  The geographic proximity to the growth areas of the world has also benefitted the pair.  However, the price [...]

• Dear Greg, How can the GBPUSD go up while the EURUSD goes down? Signed, New (but Eager to Learn) Forex Trader.
  gregmikefx, October 28th, 2009 at 6:00 pm, Comments: 0

  Dear Greg, I am trying to better understand the relationship between GBP/USD and EUR/USD (if there’s one that actually exists.) The market today was not “normal” I don’t think, and while I made out great trading the EUR/USD and EUR/JPY (sell), I don’t quite understand why the GBP/USD actually went up and not down. I [...]

• How long should you argue with a trade?
  ragheehorner, October 28th, 2009 at 3:44 pm, Comments: 0

  As I’m writing this it’s just before 3:00pm EST and the bond close.  I am watching the last hour of the equities trading day to see if 9,800 on the Dow is going to hold, break, or stage a rally into the close.  On any given day any of those three could happen going into [...]

• Afternoon FX Highlights
  alaidi, October 27th, 2009 at 12:44 pm, Comments: 0

  httpv://www.youtube.com/watch?v=mG3F4cy7lDs

• Afternoon FX Highlights
  alaidi, October 26th, 2009 at 2:54 pm, Comments: 0

  httpv://www.youtube.com/watch?v=cmBfB-j5wX0

• A look at the U.S. Dollar Index to Start the Week
  ragheehorner, October 26th, 2009 at 8:17 am, Comments: 0

  The U.S. Dollar continues to head lower as the daily chart maintains its weak but still-valid mark down cycle.  The 75.00 major psychological level is the line in the sand between support for a foundation or lower lows.  The last time prices were at this level was 8/11/2008. This big picture view is not necessarily [...]

• Comparing Swing Plays on the $EURUSD
  ragheehorner, October 22nd, 2009 at 5:27 pm, Comments: 0

  Trend following has and always will be one of if not THE most popular trading strategy.  But to say that people are using this strategy in a TREND is another thing.  As I always say, the only thing I can honestly share is the way I look at the market so here’s my view of [...]

• $GBPUSD continues its move higher today. 1.6589 a key level. Support 1.6531.
  gregmikefx, October 21st, 2009 at 8:17 am, Comments: 0

  Be it the BOE minutes or the ability to bounce off the 100 day MA, the GBPUSD has rallied to new move highs of 1.6589 today.  The low for the day came in at the 1.6346 level. The 100 day MA today comes in today at 1.6350.  This successful test and bounce gave the bulls [...]

• A Change Has Come
  faithmight, October 18th, 2009 at 9:34 pm, Comments: 0

  The central bank dichotomy between the Federal Reserve (Fed) and the Bank of England (BoE) that has supported the breakdown in cable has completely changed since Monday when the GBP/USD printed a new low at 1.5726. That low printed because the market thought the Fed was taking a more hawkish stance than the BoE. However, [...]