Wednesday, January 7, 2009
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My ForEx trading blog - To help out some beginners new to the Foreign Exchange Market - I am not a scalper - I prefer to trade positions rather than watch a tick chart. I hope my tips help you.
Pairs I Watch
All the JPY Pairs - The Yen is highly overvalued and has driven all others down across the board, currently the strongest currency in the market. Good long positions against the Yen if you can spot them.
All the CHF Pairs - Same thing as Yen the Swissy is strong and many are fleeing to it. This is creating Great Long positions with Huge profit potential (Except USD/CHF which may be a good short)
CAD - The Loonie has held it's ground fairly well against the other majors including the Yen.
GBP - The pound always suffers flight to safety and when there is a hint of trouble in England the Pound sinks like lead. Watch out it will take out stops like nobody's business.
EUR - The Euro Zone has been experiencing a major correction from it's EUR/USD High of 1.61 your too late to short it, and it's oversold.
All the CHF Pairs - Same thing as Yen the Swissy is strong and many are fleeing to it. This is creating Great Long positions with Huge profit potential (Except USD/CHF which may be a good short)
CAD - The Loonie has held it's ground fairly well against the other majors including the Yen.
GBP - The pound always suffers flight to safety and when there is a hint of trouble in England the Pound sinks like lead. Watch out it will take out stops like nobody's business.
EUR - The Euro Zone has been experiencing a major correction from it's EUR/USD High of 1.61 your too late to short it, and it's oversold.
Posts
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Blog Archive
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2009
(70)
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January
(47)
- Trade Alert! GBP/CAD - Long Entry Nearing Optimum ...
- GBP/JPY: Long @ 122.67 is up 100 pips
- EUR/JPY: Long @ 115.04 - Stop inititlaly set 200 b...
- AUD/USD: Long @ 0.6559 Stop set 200 pips below
- USD/CHF: Short @ 1.1524 - Stop Set 200 pips above
- Trading Outage - New Broker
- GBP/CAD - Short @ 1.8504 is up 1000 Pips!!
- Charting the Range
- GBP/CHF - Long @ 1.6072 - Risky but may be worth it
- GBP/CAD - Short @ 1.8504 is up 900 pips
- GBP/JPY - NEW LOWS - Long Entered @ 126.20 Stop se...
- EUR/JPY - Long @ 117.13 - Down 90 pips
- EUR/CAD - Short @ 1.6447 is up 100 pips
- EUR/CHF - Long @ 1.4727 - up 80+ pips
- USD/CAD - Short @ 1.2553 - Risky
- CAD/JPY - Long @ 71.62 Stop set 200 pips below
- GBP/USD - Long @ 1.3987
- NZD/JPY - Long @ 48.18 Stopped out for 100 pip loss
- Account Updates - Several Trades got stopped out f...
- CAD/JPY: Long @ 71.65After the nice 800 pip short
- GBP/JPY: Long @ 130.04 stop set at 128.04
- EUR/JPY: Long @ 117.47
- CAD/JPY: Short at 79.48 is up 700+ pips
- EUR/CHF: Long @ 1.4904 Stop set at 1.4704
- Account Update
- EUR/CHF: Long Brewing
- EUR/JPY: Long @ 119.30 Stop set 200 below
- GBP/JPY: Long @ 132.49 - Stop set at 130.49
- EUR/JPY: Falling may open a long in your favour
- Account update and trade updates
- CAD/JPY: Short at 79.48 is up 300+ pips
- New Account Snap Shot
- EUR/CHF: Long @ 1.4990 - Stop Set 200 pips below
- GBP/JPY: long @ 130.17 is up 1000 pips - Locked in...
- GBP - Rate Decision
- EUR/CAD: Long @ 1.6012 is up 200 pips
- EUR/CAD: Short nets 1300 pips profit!
- GBP/CAD: Long @ 1.7494 - Up 600+ pips
- GBP/CHF: Long @ 1.5232 is up 1000 pips Have locked...
- GBP/JPY: Long @ 130.17 is up 600+ pips
- GBP/USD: Long @ 1.4481 is up 130 pips
- EUR/CAD: Short @ 1.7458 is up 1300 pips!
- GBP/CHF: Long @ 1.5232 is up 500+ pips
- GBP/JPY: Long @ 130.17 is up 300+ pips
- EUR/JPY: Short @ 128.77 Taken out for 100 pips profit
- EUR/CAD Short @ 1.7458 is up 600+ pips
- GBP/CHF: Short trade taken out for 100 pips profit
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January
(47)
About Me
- FX_Trader
- I began my adult working life as a plumber / gas fitter. I discovered the Forex a few years ago and have never looked back. Although I still run a plumbing & heating business my main interest is the forex. Why? It's recession proof, and generates opportunity 24 hours a day. ***Note: I am not a scalper! I do not bother trading forex based on minute or tick charts. I tried that and it didn't work for me. I find it too stressful and not very profitable. I trade positions based on price and price alone.
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