why it made more than 50pips in last 30minutes before closing on friday!

yes, on sunday up for more 80 pips, and the trend look up for GJ.

Im rooting for you!
My planned trades on E/U have earned total 185pips today (closed before US session). Now the E/U tested last high from 2007/11 and seems to have enough momentum to test the 1.5000 mark. Im staying aside.

Ok.. the historically first violation of 1.5000 level on EURUSD just happened... A little absurd, isn't it?

maybe, EU is one of major currencies pair on forex market, we'll see the next movement and news

Whoops and straight back down again. Thats why I have a 100 pip stop loss hehe.
Currently one position at +102, and another I grabbed at the resistance at the top floating at +178 so I'd say I'm in a good position

Yeah, that's what Im planning in next few days - waiting and watching. The markets are very stressful in my opinion so Im going to wait for important news like interest rates statements for EUR and GBP (and maybe longer until the USD interest rate statement) before I take next trade.

thank you for the link. it is great that you can leverage your account.

Also I would like to introduce our newsletter that is about Forex Strategies, tactics, trends and tips.

You are more than welcome to join and it is FREE.

URL : Forex Strategy University Newsletter


Regards

yes, the patience for good time to trade is one of important thing trader must have. Just wait for the announcement and take the good position at market for good profits

have you open a position now ?? how with UJ ??



hi thank's for your info and thank's too for you're free service, i has try to join

I wish this had different e-currency

Could you describe the swing system in more detail? Im still a little confused about what it really is, swing trading.

E/J gapped over weekend by 30pips and is advancing more down. Currently its another 30pips down and no gap-filling signs so far. Does anybody have any idea, why is the EUR dropping against the JPY? I'd like to investigate more, but information digging is a little time-consuming :/

which e-currencies you are means ?
Fxopen available for e-gold, liberty reserve, Cash U, Web money, e-bullion.

i am satisfied for using e-gold and liberty reserve for this broker

maybe you have other recommended other e-currencies ? why not try to contact finance(at)fxopen(dot)com

look early tomorrow important for AUD pair ...
so better be prepare for fast movement .... if look at the previous news/economy performance, AUD maybe will up their interest rate to 7.25%... maybe we can get clue when actual figure retail sales coming out..


7:30pm AUD High Impact Expected
Retail Sales m/m
[View Detail for This Event]
0.5%
0.5%
7:30pm AUD Low Impact Expected
Current Account
[View Detail for This Event]
-1.8B

-1.4%
10:30pm AUD High Impact Expected
Interest Rate Statement
[View Detail for This Event]
7.25%
7.00%

It's at 4:30am in the morning of my time. Im out, but it will be interesting to see what happened when I'll be up

bad for aud, to bad

7:30pm AUD High Impact Expected
Retail Sales m/m
[View Detail for This Event]
0.0%
0.5%
0.5%

Yep. retraced back down after goin up. too bad

So it means that AUD/USD will be going down even further....

maybe waiting for RBA rate statement for more safer to trade, i look that's suggestion at Fxopen analytics page about AUD.

this news i got from newsletter :

Reserve Bank of Australia raised rates by 25bps to 12 year high of 7.25% overnight as widely expected. However the Aussie was weighed down by less than hawkish statement from RBA, as well as soft retail sales data. The accompanying statement described the interest rate hikes since mid 07 as "substantial" and there was "evidence that some moderation in household demand is beginning to occur," even though the extent is uncertain yet. Markets generally perceive the statement as a signal that RBA's stance is quite balance for the moment and will likely be on hold in Apr. Also, Australian retail sales in Jan was just flat, much softer than expectation of 0.5% mom growth. AUD/USD's correction from 23 year high of 0.9496 resumes by diving lower to 0.9263 today. But after all, the pair is still well supported by key near term support at 0.9100 level and recent up trend should still be in force.

So, in my analyze for short term Aud/Usd still in uptrend, but we'll see for long term

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this will be great for newbie trader like me and of course for all advance to get more knowledge from this free event
and maybe to make research about Fxinstructor service

I'll be at work both days. Does anybody know how to record the FxInstructor sessions at home??? Im desperate ((

Why not just open some huge positions, take profit then fire your boss?

for Pta and others,

see on schedule, maybe you can join to all webinar, but maybe can join some, not all, but still get more knowledge from that, see the webinar schedule and you're work schedule in GMT

hi all, how about the webinar, has over now.

can you share you're opinion about webinar there ?

i got many information and get sinal to sell usd/jpy from that, maybe in my analyze usd/jpy can touch 101.02. oil price is going more high, at us$ 105/barel, then we'll see the affect to USD

Oh should I ? I didn't know it works this way ))
btw: did you watched some webinars? Anything worth sharing?

And again sunday's opening gaps on e/u, e/chf and e/j (my favorites). E/U is probably test the 1.5400 again this week (and maybe more, as the news forecasts are more in EUR favor). Let's see. I wish you all a profitable week

This is not true. We also accept e*gold and also the most other E-currencies, also CC and bank wire. Always check first then write.


FXcast

I think we will get to 100ish this week on UJ. price of gold and Oil is going higher and higher everyday. May the green Pips always with us

ok, from Johan C and Nadeer Moustafa as instructor on 2 room i has joined. They say on their analyze if JPY look still strong, EU busllish condition still can happen, we'll see if it can touch 1.5xx or not .

ohh, from news : oil price has touch USD 105/barrel, FED has injection some fund to market, so we as trader must becarefull with this action.

waiting for 18 march, maybe FED will annouce their rates will be chabged or not



has get 15 pips from selling UJ today, maybe i will see if want did it again to get more profits

Well, as jafar00 said, the ECB is probably going to intevene against the Euro which is getting over-valued, which damages the European economy. I think a very very wild moves are ahead of us.

yes, waiting for the important news is good way to keep us always profitable

becarefull for all USD pair, wait n see is better now.

I agree! Very erratic price action all over the USD pairs palette. Many traders are losing money very quickly (including me). So waiting is the best trading strategy right now.

news :

Dollar and Yen Stabilize after Violent Moves

Dollar stabilizes today after yesterday's stronger rebound follow Fed's extraordinary 200b liquidity package, which also resulted in the biggest stock rally in five years. Traders scaled back some bets on a 75bps rate cut from Fed next week after the announcements but after all, that's still not expected to be the end of the easing cycle. Further rate cut is still expect from Fed even if the bank does cut rates by 50 bps next week only. Overall sentiments in the greenback remains weak. Though, more consolidation will likely be seen before tomorrow's Feb retail sales report.

The yen also stabilizes after the reactions in the Asian stock markets are much milder than that in the US. Data from Japan were mixed. Japanese Q4 GDP was revised much less then expected to 3.5% annualized rate. Trade surplus shrank sharply to 85.8b in Jan but was better than expectation of 73.1b. Domestic CGPI climbed 3.4%, above consensus of 3.3%. Consumer confidence deteriorated to 36.4 versus expectation of 37.7.

BoJ minutes released today offered no surprise. Board member's view on the economy remains unchanged though downside risks to global growth is seen risen. Upper house of Japan voted down BoJ governor nominee Muto and there are still much uncertainties on who will succeed Fukui when he retires in a week.

Looking ahead, UK trade deficit is expected to widely slightly to -4.1b in Jan. Eurozone industrial production is expected to climb 0.4% mom, 2.6% yoy in Jan, better than DEc's 1.3% yoy. Swiss ZEW will also be released.

so, maybe FED intervene has give big affect to stabilizes the market,
we must prepare for next news, i will using Fxopen calendar for that's

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forex comment : usd/jpy make new low record, There were no significant data releases and overall confidence in the dollar remained weak with further strong expectations of an aggressive interest rate cut this month. There was also further speculation that the Fed would sanction an emergency rate cut ahead of next week’s planned meeting.

I believe what you said, they are not favorable ...

Yeah, U/J dropped below 100.00, tested it several times and jumped back at 101.00. Be prepared for another test of 100.00 hehe

yes, we're right, UJ make new low record .

how about EU, Pta, cause UJ and EU is USD pairs, so one pairs give affect to others

Ever notice the following;

EUR/USD
GBP/USD
AUD/USD

When the above 3 currency up, it will cause the below currency to fall;

USD/JPY
EUR/JPY
GBP/JPY

USD/CAD
USD/CHF

Though at times it wont but most of them do. I did try in demo acct and it mostly work.

i am not sure for some pairs relations.

like GU and GJ, some times i see, if GU going up, then GJ follow up too.

Some important news will give more affect too, but keep post your research there, jas

we can discuss it together.

For UJ, some reversall from fallen can be happen on next week, cause BOJ will do some intervene to prevent UJ going more low, so be carefull and hope your trading success

EUR/USD and USD/CHF have the best correlation. If one goes up, the other usually goes down though this isn't a hard and fast rule.

ohhh thank's, then how with Usd/Jpy, you know which pair have the best correlation with that ?

how with Fxopen/talkgold traders competition, i have registered and hope all there don't miss it.

the complete information and registration page can be found at here

If you want to investigate the correlations between various instruments, go here and overlay as many currency pairs as you like and see, how are they related to each other the eurusd and usdchf mirroring is nicely noticable.

thank's i am still learning about the correlation, and of couse a pair movement will give affect to other pairs cause that's movement give affect from the balance of currencies.

tonight markets is await for FOMC rate decission

from Fxinstructor :

Asian Markets Crumbling, as Investors Scurry to safety. Rumors of Major central bank planning for a coordinated intervention was abound the whole day yesterday. When the US Market Opens, Commodity, Gold, Oil Prices Slump in a bout of profit taking. Why did I mention all this? Does it even affect the currency market? YES IT DOES!

more info here

So, we'll see the affect for all USD pairs

Where exactly can I find the info? The link leads to the fxInstructor forum.
btw: the US$ rate cut seems to have some positive impact on the USD. Im curious how long it will last.

The positive impact you see has more to do with the fact that many were expecting a larger cut, and there was some hawkishness about inflation rising which means the rate will stay on hold for a while or even go up again if inflation gets any worse.

ok, you can subscribe here to get info from Fxinstructor freely

Yes, I found about the 1% cut expectation right after I posted my ideas. So what are your speculations about E/U, jafar? Still no bottom of the US$?

Today I've read on www.ft.com that a major reversal could develop from the US$ rally we see last two days

USD look rebound now, we'll see on US session, but i think more attention for USD pairs movement in on next week

Well, looking at the fxopen's calendar, I think it will be very interesting week for the US dollar. Two FED auctions are planned, major news etc. I think I will close my positions early on monday. But first I want to see the mood of the markets.