Archive for September, 2007

Forex Trading - GBPJPY Finally Got Out Of "Jail"

Tuesday, September 18th, 2007

Cross traded- GBP/JPY.
Today has been a very exciting day. I started the day with two short entries, stopped out @ 228.82 and 228.87 respectively with 38.5 pips losses. With both 6 lots in total, that was a massive 231 pips loss. I’ve learnt to move on from such hits. Since those trades, I have […]

Forex Trading:: Taken Out Twice Already.

Tuesday, September 18th, 2007

Starting the day on the wrong foot? It does happen sometimes. It’s that thing they call volatility.

Cross traded: GBP/JPY.
I got in tentatively this morning @228.44 looking forward to a possible 228.19 retest from the Asia market hour. After 228.29/31 it went back to take out my stop.

Got back in @ 228.48 same result. Got […]

Euro Surge In Past Months Lean Harder On Euro-Zone GDP

Monday, September 17th, 2007

Euro-zone trade balance fell short of expectation for the first time in eleven months. A sign that the Euro-zone economy is feeling the pinch - the effect of the EURO strength on the Dollar in recent months. This is the first shortfall since August of 2006 and a considable plummet from June’s 4.4 billion euro […]

Still Here and Trading Forex Fine…

Sunday, September 16th, 2007

It been a little while since my last post on this space. Just caught up with a few other things that’s all. Nothing serious to worry about. I must say, I feel very honored and privileged to be appreciated by you all.

There’ve been quite a significant number of you wanting to hear from me […]

UK Financial Markets Rocks By Northern Rock

Sunday, September 16th, 2007

The recent events of the UK Banker - Northern Rocks have certainly rocked the forex market. Most especially the cable, GBP/USD and all other GBP crosses. There is no doubt that the media “fuel of fear” and panic have kept the fire burning on the Northern Rocks position. But where does it lead? How long […]