Archive for March, 2009
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Thursday, March 26th, 2009Remember, the short term trader needs “movement” in a pair, and they need it essentially NOW and not later, during a short term trade. Therefore, position yourself in the best “time slots” in forex trading for the greatest chance for these “momentum type” moves. That would be between the hours of 3am EST and 12 Noon [...]
Short Term Trading Thoughts
Thursday, March 26th, 2009The thought behind looking to daily percentage gainers is that you are spotting where the momentum is going. You are jumping on a train that is already in motion and where the intraday money flow is heading presently. Also, you are trading WITH the intraday trend and not against it. Instead of trying to call [...]
New Zealand’s dollar blows by most currency pairs this morning!
Thursday, March 26th, 2009This morning the theme of the day so far is NZD strength as NZD/JPY is up 3.11% on the day (or 171 pips) and NZD/USD is up 2.34% or 133 pips on the day so far. The biggest losers on the day are getting dragged down by NZD too: EUR/NZD down 2.09% and AUD/NZD down [...]
Obama: Stock Analyst turned Currency Analyst
Wednesday, March 25th, 2009(Watch the Free Video Version of Today’s Blog) Evidently, Obama has more extensive resume than I previously thought. Heck, I just thought he was the President. Oh no! He doesn’t stop there.If fact, he’s one of the few Presidents in our nation’s history that is comfortable being a stock analyst. (He recently said stocks were a [...]
Intraday Theme of the Day: Pound strength, Euro Weakness
Tuesday, March 24th, 2009Most of the pound pairs are the biggest percentage gainers (especially GBP/JPY up 2.38% on the day or 339 pips). The euro is what is weak across the board. It’s pairs are at the bottom of the list being the largest percentage losers on the day. EUR/GBP is the biggest loser on the day, down [...]
Yen Crosses up 4% in one single day!
Monday, March 23rd, 2009Earlier this morning, I reported where the momentum was for the day. You can see that article here: http://www.forextradingblog.com/what-is-going-on-in-the-market/the-japanese-yen-takes-it-on-the-chin-again/ Those positions were up 2.5% to 2.8% then. Moments ago, some of them (AUD/JPY, NZD/JPY) touched the +4% mark on the day. These have been some amazing moves to say the least. That puts many of [...]
Long Term Breakout Trades up 500-1,000 pips within weeks!
Monday, March 23rd, 2009Update on the long term breakout trades Back on March 19th, I tipped you off to the USD/ZAR breakout out to the downside. Today it sits about 1,000 pips below the breakout point. This trade still may have much more to go. You should have done very well on that trade. Here’s the link [...]
Existing Home Sales, Better than Expected @ 4.72 Million Homes Sold!
Monday, March 23rd, 2009Existing Home Sales, Better than Expected @ 4.72 Million Homes Sold! The Dollar liked it and so far, so have many of the yen crosses too (NZD/JPY, CAD/JPY, AUD/JPY, etc.). The euro got hammered once again today upon the news! Sean Hyman Follow us at the following links: http://www.mywealth.com You Tube Facebook MySpace Twitter [...]
Don’t Forget: Existing Home Sales Come out at 10am EST Today!
Monday, March 23rd, 2009Existing Home Sales out at 10am EST! Last time there were 4.49 million homes sold. The expectations for today’s reading is for 4.45 million homes to be sold. See where the numbers come in at on: http://www.forexfactory.com or http://www.dailyfx.com . This housing number could greatly affect the U.S. dollar. Also, Tim Geithner is speaking right now [...]
The Japanese yen takes it on the chin again!
Monday, March 23rd, 2009Today, the top 4 percentage gainers on the day are NZD/JPY, AUD/JPY, GBP/JPY and CAD/JPY. The theme: Yen selling. NZD/JPY is up 2.87% on the day. Wow! The biggest loser on the day…the euro: EUR/NZD, EUR/AUD, EUR/GBP, EUR/TRY, EUR/CAD, etc. are some of the biggest momentum losers on the day. The dollar also continues to [...]
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