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Monthly Archives: January 2009

Elliot Wave – who use it? Raise up your hand please!!

Good day traders.
I had a friend who uses Elliot Wave. Well, when I said a friend, I mean I have only ONE friend who uses this strategy. With his kindness also, he gave me the softcopy of the indicator@elliotwave system. I did use it once though, but it seems like it doesn’t click with me [...]

Night of Profits n Losses

It’s just one of those days..and I enjoy it very much!

USD on the Attack?

Good day traders!
I see the USD has started its strong momentum of strengthening. EURUSD and GBPUSD has shown a lot of downside potential, at least for this coming weekend. 
For the EURUSD, support level can be found at 1.2848 (Dec 04′08 high), 1.2551 (Dec 04′08 low) and 1.2330 (YTD low). Any hope of going upside depends [...]

Forex Autopilot Review

Good day traders!
Attached are some of the comments that I found about the Forex Autopilot system:
1. from http://knol.google.com/k/rich-peck/forex-autopilot-review/vfndy45tsn10/3#
“Marcus Leary’s Forex Autopilot offers one of the most comprehensive and consistent profit-turning forex systems you can buy.
Although it’s marketed and hyped up to the hills and back, the key is that thousands of people have already used [...]

ECB Press Conference

Time: 8.45 pm – 9.30 p.m
I was hoping yesterday’s EU would be THAT bearish, but it didn’t happend as I expected. The lowest level from yesterday’s was recorded at 1.30915 and since that it bounce happily at the current price (1.32064). Nevertheless I’m looking forward for tonight ECB Press Conference. Traders are expected to see [...]

It’s trending down…it is

I have been trading the EU pair since morning. Opening position at M1 while watching the major trend at H1. It works for me well. Nowadays I’m trying to use less inidicator as possible. So currently I’m sticking at Parabolic SAR and RSI. Sometime I would use Bollinger, but its not compulsory.
I would say I [...]

A profit that worth every cent

I made some profit yesterday. Not much, just a small amount. I believe in saving. It’s not how much you get per day, its how much you save. Meaning that, try to reduce the number of losses in your trading. There are times when we have to cut our losses quickly to prevent from losing [...]