by: Korman Tam
The Federal Reserve cut its benchmark lending rate by 50-basis points to 1% by unanimous vote and also lowered its discount rate by 50-basis points to 1.25%. The currency markets were heavily pricing in the aggressive move with the greenback tumbling against the euro and sterling heading into the decision. The dollar fell [...]

See the attached graph. I didn’t expect it..

This must be the culprit!!

What the heck! its just another trading day!

A nice article as a reminder..
Don’t Get Cocky When Your Trading is On a Hot Streak
I’m just as guilty as every other trader for this crime. That is why I’m humbly writing this post to help you learn from my experiences. Getting cocky about a few winning trades when just starting can be the worst [...]

Morning traders,
I see a bearish trend for most of the major pairs. Here are some for your reference:
EURUSD: Sees Further Downside Momentum, Test And Breach Of The 1.2484 Level Envisaged
With a decisive breach of the 1.3259(Sept 10’08 low) and 1.2728(Oct 22’08 low) seen, EUR now looks to weaken further lower through the 1.2484 level, its [...]

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Dear friends. Attached are some of my profits during these few days. Hope it can boost your morale to trade better than me.

EURUSD: Hesitation At The 1.3769/85 Area To Highlight Risk Towards The 1.3259 Low.

More bearish to expect from the pair. My advice: DON’t TRAde on Monday! Frankly speaking, the only news that attract my attention is the UNEMPLOYMENT CLAIMS on Thursday (8.30 pm). But be very careful with Friday. It’s more to expect.
Directional Bias:
Nearer Term –Mixed
Short [...]