Archive for September, 2007
« Previous EntriesA consistent approach leads to consistent returns.
Friday, September 28th, 2007Too many new traders spend time developing an approach to trading based on historical data and then when they use it live for the first time and lose, they throw it away thinking that it doesn’t work. The fact may be that the approach is solid, but it is our expectations that are not realistic. […]
Can the US Dollar Fall Further?
Thursday, September 27th, 2007Here is an excerpt from my special report on DailyFX
Can the US Dollar Fall Further?
The answer is yes. A trend in the currency market can last far longer than many people would otherwise expect. We have seen one way directional moves last for months and in some cases, even years. Interest rate outlooks play a […]
DailyFX Forex Radio - Is The EUR/USD Rally Losing Steam?
Thursday, September 27th, 2007· US Dollar softens as EUR/USD hits fresh record high of 1.4191, USD/CAD hits 30-year low of 0.9977
· Can the greenback regains its footing on Friday’s US personal spending data?
· Be sure to view the rest of the week’s event risk on the DailyFX Weekly Calendar
To discuss these or any other FX topics with the […]
DailyFX Forex Radio - US Dollar Weakness May Continue, but is Canadian Dollar Strength Overdone?
Tuesday, September 25th, 2007· US Dollar sets record levels against Euro, but Canadian dollar shows early signs of weakness
· Will the dollar continue lower on upcoming US Durable Goods data?
· Be sure to view the rest of the week’s event risk on the DailyFX Weekly Calendar
To discuss these or any other FX topics with the DailyFX analysts, check […]
FX Trading Volume Breaks $3 Trillion
Tuesday, September 25th, 2007The Bank of International Settlement’s Preliminary Triennel FX Report indicates that global FX volume has surged 71 percent to $3.2 trillion a day! The report was released this morning. The last time it was published was in 2004. This only reinforces the fact that we are trading in the fastest growing and most liquid market […]
Finding a trade is a two-step process.
Tuesday, September 25th, 2007I’ve seen some new traders have some incredible winning results in a short period of time. However, quite often they will lose those gains as just quickly. They don’t do anything different and will come to us for some sort of insight. The reason is usually the same in that they forget […]
DailyFX Forex Radio - Can the Dollar Continue Short Term Bounce?
Monday, September 24th, 2007· US Dollar sees little relief, but buck could see bounce through short term
· Will the euro rally or dive on upcoming economic data?
· Be sure to view the rest of the week’s event risk on the DailyFX Weekly Calendar
To discuss these or any other FX topics with the DailyFX analysts, check out […]
EUR/USD: The Beginnings of a Turn in Sentiment
Monday, September 24th, 2007Our Currency Analyst David Rodriguez picked this up. We are discussing this on the DailyFX Forum
This from IFR:
EUR/USD: Big Picture - Global Investor Sentiment Shifts
24/09/2007 20:22:00
New York, September 24. Two proprietary flow reports that came across our desks this morning reveal a slowly shifting sentiment by the global investment community in the wake of the […]
Fractional Pips
Friday, September 21st, 2007If you trade either demo or live with FXCM, you’ve probably noticed an extra digit in your prices, recently. That’s because we’ve just started quoting prices out to a further digit. So, now, instead of seeing a EUR/USD price of, say, 1.3587, you’ll see a price of 1.35874. I’m so used to seeing prices only […]
Afternoon Trade
Friday, September 21st, 2007
I entered a short-term position (probably until tomorrow) position in CHF/JPY earlier today. I had noticed that it was trading in a range between 98.56 and 98.20. I got short “relatively” close to the top of the range at 98.483 (middle black line), placed my protective stop at 99.350 ( a previous support level — […]