Million in forex

Indian sensex posts the record high move in a single day!

Tue, 19 May 2009 06:18:34 +0000

The most amazing move in the world markets for the week was seen on the Indian stock exchange called SENSEX .The index rose 17% in a single day!+ 2100 points alone in a day?the upper circuit was put in 2 minutes of market open .The participants usually were large funds, banks and foreign investors.Retail individuals [...]

Are we in the bull road on all the pairs that have shed there weight to half?

Sat, 09 May 2009 10:56:22 +0000

Are we in the bull road on all the pairs that have shed there weight to half?With interesting results and market reactions over last 5 weeks where evry bad or good news pushes market higher and higher is the beginning of the bull market again?Has the bears exhausted after shedding the mass of the heavy [...]

Gbp/jpy at the lower trendline of the bullish channel.

Thu, 23 Apr 2009 06:18:34 +0000

Gbp/jpy is must watch out at te momentIt is at the lower trendline of the bullish channel.The break of it will bring lot many sellers trying to take the gbp/jpy to 135 and if that broken to 129.If we bounce of this level at lower trendline of bullish channel we may go higher to test [...]

Usd/cad trade running free with + 150 pips.What should you do next?

Wed, 15 Apr 2009 14:41:07 +0000

As posted yesterday , the usd/cad trade  had breakout from the triangle on the chart. We are running at + 150 pips on that trade . Its ideal to lock in half profits and let other half run with stop loss moved to break-even, this will make it a free trade . Forex is a [...]

Usd/cad - Break of the triangle . A nice trading oportunity

Tue, 14 Apr 2009 13:10:48 +0000

Pull out your usd/cad chart . Go to weekly chart . You can now draw two trendlines one that is horizontal joining the highs of last 6 weeks and draw other trendline joining the lows of the last 6 weeks. Now you can see an ascending triangle there  . What do you see now? We are having a break of [...]

Do you use COT for trading forex?

Mon, 13 Apr 2009 14:20:35 +0000

Many of the stock traders use COT for trading. So do use  COT for forex too? Ok. Some of you may ask “what is COT?” COT stands for Commitment of Traders . This is released every weekend . As against the stock market the forex market being decentralised it is really difficult to know the actual value but the values [...]

Whats going on in the economic world this weekend?

Sun, 12 Apr 2009 14:52:05 +0000

Most of the times many major issues take place over weekend which play a major role in coming week in all the world markets including stocks and forex. So whats going on this weekend all over the world? Last week we say all indices rallying to new highs from asian ones to american ones. April is month of [...]

How to determine the difference between bear and bull market?

Sat, 11 Apr 2009 15:30:29 +0000

There is always a question when people fail to differentiate between bear and bull market . So how to determine the trend? There are various procedures or methods traders use to determine trend. Some use ema’s like 365 , 200 to determine the trend and they are useful . Above 365 ema on daily shows us long term trend [...]

Volatility around easter time..The history repeats again?

Fri, 10 Apr 2009 14:41:31 +0000

Year 2008 : The easter volatility shows the euro crashing 200 pips .This was a year back when I never expected this fall in euro with the big boys taking a break . So I was really thinking what will we see in 2009 ? To my astonishment the euro had similar impact this year [...]

U.S. Unemployment claims out …

Thu, 09 Apr 2009 17:12:42 +0000

U. S. unemployment claims are out today . And to everyone’s surprise they have come better than expected after such a long time . This has helped DOW gain today again though the daily bearish channel has not been broken yet . GBP official rate statement also came out today and as expected the rates have remained unchanged [...]

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