what causes it? i’ve noted down some very important points:1.Oil went down from a new all time high of $100 a barrel to under $90 within the last nine trading sessions.
2.Gold fell from a new all time high of $916 an ounce down as low as $877 with two days.
3.European Central Bank’s Mersch came out [...]
i was a bit tired last night, after a full day of debian installation on my office pc and i didn’t managed to trade. when i woke up this morning, around 5.30 am (malaysia), i said “what the $%&*!!!!!” usd is strengthening?? huhu… bad news for me..
the supported news:
my EU H1 chart looks like this:
if [...]
EURUSDenroute to 1.4967current price (9.05 AM Malaysia): 1.4870long for: 1.4823, 1.4967, 1.500, 1.5155 —-> the weekly stochastic confirms this.short for: 1.4751, 1.4577, 1.4310, 1.4281
Directional Bias:Nearer Term –BullishShort Term -BullishMedium Term –Bullish
GBPUSDMomentum continues on the downsidecurrent price (9.06 AM Malaysia): 1.9545short for: 1.9495, 1.9271, 1.9183 —> confirm by weekly and monthly RSIlong [...]
i am a small profit trader, with small capital. my daily target is only 20 pips or 400 pips per month.i am a part time forex trader. but i trade from 5.00 am till 3.00 am…am i still a part time trader?i started forex on october 2006. i can’t really remember the date but [...]
i should go long!!! last night, i recorded a hefty 165 pips for this pair only from 9.30 pm (Malaysia) till 4.30 am (Malaysia). the pair did break the 0.8900 price. emm i think i should be more persistent in following the news. nevertheless, it’s a good lesson for me. there’s always another day of [...]
ok. following the retail sales news at 8.30am (Malaysia time) yesterday, if..and only if we open a long position and then close at 6.30 pm (Malaysia), we might get around 68pips. today’s trade balance news does not make a very high impact on the currency. i myself only manage to grab 18usd. alhamdulillah…watch tonight news [...]
AUDUSD
Australia’s retail sales rose a seasonally adjusted 0.8 percent in November from October to 20.1 billion Australian dollars, the Australian Bureau of Statistics said Wednesday.
The market’s consensus forecast was for an increase of 0.5 percent.
Considering the strong data from Australia today, it would not be a surprise to see November’s trade data come out strong [...]
