Archive for March, 2008
« Previous Entries Next Entries »EUR Chasing All Time High
Wednesday, March 26th, 2008EUR chasing its all-time high set in the last weeks presently at 1.5833. Are the these levels sustainable? The rise in the oil-market and poor economic showing on the US Housing market has caused constenation in some quarters of the market today.
EUR/JPY Trading Within Itself
Wednesday, March 26th, 2008Euro-Yen, EUR/JPY trading within itself since the open from holiday yesterday. EURJPY chartToday’s morning action was a whipsaw which lacked directional aftermounth. The cross has vaccillated between 38.8 and the 50.0% pivot lines on the Fibo all morning since the 9.am spike. I was taken out from my long position by the whipsaw at 156.06 this morning with an entry of 156.46. I lost -40 pips.
Forex Trading: Exciting Times To Be Involved
Thursday, March 20th, 2008Economic woes, the presence of recession, war in Iraq, oil and gold prices reaching heights never before traded in recent years all make the forex trading market the more exciting. A place I’d rather be as a forex trader. What makes it so exciting at this point? In all walks of life, fluidity and movement is required to maintain a healthy lifestyle. The market is no different. Volatility, movement, macro economics, geopolitical problems are part of forex trading. These factors create the atmosphere which lend us these opportunities each passing day.
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