Peter Thiel, founder of hedge-fund firm Clarium Capital Management LLC, said the British pound will continue to weaken this year as the U.S. dollar and Japanese yen appreciate.
The U.K. is the “worst country in the world at this point,” partly because of its trade deficits, Thiel said at the World Economic Forum in Davos, Switzerland.
The British government’s efforts to protect the banking system from the financial turmoil last week led to a drop in the pound to the lowest level against the dollar since 1985. The currency traded at $1.4313 as of 11:56 a.m. in New York today.
Thiel, whose fund trades everything from stocks to commodities, seeks to profit from broad economic trends, a strategy known as macro investing. He said that there would be “no fast recovery” of the global economy.
Investors should “stay very underweight equities, if at all, and you basically assume that the bailouts will not work to the degree they are expected to, the government will do less or not succeed in stopping this deleveraging process,” he said. Deleveraging is the process of paying down debt to lessen the risk of default.
Thiel, 41, who co-founded PayPal, started Clarium in 2002 after selling the online-payments service to EBay Inc. for $1.5 billion. His fund lost about 4.5 percent last year, according to investors. Macro funds gained 5.7 percent last year, while all hedge funds lost an average of 18 percent, according to data compiled by Hedge Fund Research Inc. of Chicago.
Government officials including U.S. Treasury Secretary Timothy Geithner have backed greater regulation and disclosure requirements for hedge funds.
“Some degree of regulation is probably desirable at this point, just as a way of reassuring the people who are invested in this industry,” Thiel said
US growth fell by 3.8 percent in the fourth quarter, the largest drop since the first quarter of 1982. The GDP report was not nearly as bad as the market had expected. This has prevented the major currencies from falling further.
Good support at 1.2800
Stochastic has signal buy for EURUSD
Bought EURUSD at 1.2800
Stop level at 1.2700
Target level at 1.2900
Stop triggered, 201 pips loss.
Original trade:
My system has not been doing well for GBPUSD, I will stop trading GBPUSD next week.
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
Stop triggered, 85 pips loss.
Original trade:
Shorted GBPUSD at 1.4077
Stop level at 1.4162
Target level at 1.3962
British Pound is overvalued, I will sell this currency again when opportunity arises.
Target level reached, 98 pips profit.
Original trade:
Bought EURUSD at 1.3079
Stop level at 1.2995
Target level at 1.3177
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Once you master the art of forex trading, you do not have to worry about job insecurity in 2009, because you will be recession free.
Bought EURUSD at 1.3079
Stop level at 1.2995
Target level at 1.3177
All the posting are delayed, I can share live updates of my content via emails. If you are interested to receive live updates, send an email to me at atraderx@gmail.com.
I closed my position at 0.6623, profit is 29 pips.
Original trade:
Shorted AUDUSD at 0.6594
Stop level at 0.6730
Target level at 0.6457
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
I closed off my position at 1.3120, 41 pips profit.
Original trade:
Shorted EURUSD at 1.3161
Stop level at 1.3357
Target level at 1.2968
If you do not have a forex trading account and want to try out forex trading, you can open a forex trading account with only minimum capital of US$100, click here to open.
Once you master the art of forex trading, you do not have to worry about job insecurity in 2009, because you will be recession free.
Downtrend maintains.
Stochastic showing Sell signal.
Shorted EURUSD at 1.3161
Stop level at 1.3357
Target level at 1.2968
All the posting are delayed, I can share live updates of my content via emails. If you are interested to receive live updates, send an email to me at atraderx@gmail.com.
I closed my position at 1.3293, 37 pips profit.
Original trade:
Bought EURUSD at 1.3258
Stop level at 1.3070
Target level at 1.3456
All of my trades are executed based on fully tested trading system based on real life experience. If you are interested to generate alternative income by tapping on this trading system, open a standard account by clicking on this link and send an email to me at atraderx@gmail.com.
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
Bought EURUSD at 1.3258
Stop level at 1.3070
Target level at 1.3456
All the posting are delayed, I can share live updates of my content via emails. If you are interested to receive live updates, send an email to me at atraderx@gmail.com.
I closed my trade at 1.3153, 16 pips profit.
Original trade:
Bought EURUSD at 1.3137
Stop level at 1.3068
Target level at 1.3235
All of my trades are executed based on fully tested trading system based on real life experience. If you are interested to generate alternative income by tapping on this trading system, open a standard account by clicking on this link and send an email to me at atraderx@gmail.com.
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
Downtrend broken.MACD signals Buy.
Bought EURUSD at 1.3137
Stop level at 1.3068
Target level at 1.3235
All the posting are delayed, I can share live updates of my content via emails. If you are interested to receive live updates, send an email to me at atraderx@gmail.com.
I had closed my trade at 1.1460, 38 pips profit.
Original trade:
Shorted USDCHF at 1.1498
Stop level at 1.1572
Target level at 1.1391
All the posting are delayed, I can share live updates of my content via emails. If you are interested to receive live updates, send an email to me at atraderx@gmail.com.
I closed my position at 116.75, 69 pips profit.
Original trade:
Bought EURJPY at 116.06
Stop level at 114.80
Target level at 117.24
All of my trades are executed based on fully tested trading system based on real life experience. If you are interested to generate alternative income by tapping on this trading system, open a standard account by clicking on this link and send an email to me at atraderx@gmail.com.
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
I had closed my position at 0.9373, profit is 29 pips.
Original trade:
Shorted EURGBP 0.9402
Stop level at 0.9520
Target level at 0.9255
All of my trades are executed based on fully tested trading system based on real life experience. If you are interested to generate alternative income by tapping on this trading system, open a standard account by clicking on this link and send an email to me at atraderx@gmail.com.
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
My system has signal sell for EURUSD and has signal buy for GBPUSD, so naturally EURGBP is a sell trade.
Shorted EURGBP 0.9402
Stop level at 0.9520
Target level at 0.9255
All the posting are delayed, I can share live updates of my content via emails. If you are interested to receive live updates, send an email to me at atraderx@gmail.com.
2009
February will be another month of profits!
If you do not have a forex trading account and want to try out forex trading, you can open a forex trading account with only minimum capital of US$100, click here to open.
Once you master the art of forex trading, you do not have to worry about job insecurity in 2009, because you will be recession free.
"Nothing happens by itself...it all will come your way, once you understand that you have to make it come your way, by your own exertions." - Ben Stein
Overall trend of EURUSD is still down.
Confirmation of the downtrend depends on:
1. Whether it will breakout above the short term resistance of 1.3100.
2. Whether it will breakout above the 50 days moving average, which happens to be 1.3100 as well. 50 days moving average has been tested twice and failed (see chart below), so it is a good benchmark.
Traders might want to initiate a short position if EURUSD touches 1.3100 and fall, signals downtrend resumes.
If you do not have a forex trading account and want to try out forex trading, you can open a forex trading account with only minimum capital of US$100, click here to open.
Once you master the art of forex trading, you do not have to worry about job insecurity in 2009, because you will be recession free.
"Nothing happens by itself...it all will come your way, once you understand that you have to make it come your way, by your own exertions." - Ben Stein
Target level reached at 0.6517, 56 pips profit.
Original trade:
Bought AUDUSD at 0.6461
Stop level at 0.6400
Target level at 0.6517
All of my trades are executed based on fully tested trading system based on real life experience. If you are interested to generate alternative income by tapping on this trading system, open a standard account by clicking on this link and send an email to me at atraderx@gmail.com.
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
Good support at 0.6450
Both Stochastic and William have signal BUY for AUDUSD
Bought AUDUSD at 0.6461
Stop level at 0.6400
Target level at 0.6517
All the posting are delayed, I can share live updates of my content via emails. If you are interested to receive live updates, send an email to me at atraderx@gmail.com.
The economy contracted 1.5% sequentially in the fourth quarter, following a decline of 0.6% in the prior quarter. Economists had expected the economy to shrink 1.2% in the fourth quarter. From the previous year, GDP fell 1.8% in the fourth quarter, reversing a 0.3% increase in the third quarter.
The output of production industries declined 3.9% sequentially, compared with a decrease of 1.4% in the prior quarter. Manufacturing output dropped 4.6%, while mining and quarrying production slid 1.6%. At the same time, the output of the construction industry fell 1.1% and services output dropped 1%.
The euro is lower Friday as traders cite the likelihood of more weakness for the embattled currency.
Traders said some investors unloaded part of their dollar holdings later as they fretted about comments from the newly minted Treasury Secretary Timothy Geithner that the Obama Administration believes China is manipulating the value of its currency, despite his backing of a strong-dollar policy.
The comments about China fueled a wave of selling in long-dated U.S. Treasury securities amid concern that China may retaliate by unloading its massive amount of government debt holdings. That will raise borrowing costs for the U.S. government, businesses and consumers while further worsening the trade deficit in the U.S.
Risk Disclosure:
Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. This website is neither a solicitation to invest nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results.
Disclaimer:
The service is offered as an opinion on the current state of the market but not recommendations. The information provided should not be relied on as a substitute for extensive independent research before making your trading/investment decisions. We are merely providing this service for your general information. No representation is being made that any view or opinion will guarantee profits or not result in losses from trading. In addition any projections or views of the market provided may not prove to be accurate.
I cut loss at 116.43, 83 pips loss.
Original trade:
Bought EURJPY at 115.26
Stop level at 114.00
Profit level at 117.00
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
EURJPY has rebounded from the daily low of 112.83, daily candle stick is signaling a positive sign.
Jobs are unsecured and lost in current economic environment, we need to equip ourselves with a skill such as forex trading that can help us earn secondary incomes. Employers can take away our jobs but they cannot take away the forex trading skill which will belong to you once you have master it.
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As EURJPY is rebounding, I closed off my position at 115.33, profit is 67 pips.
Original trade:
Shorted EURJPY at 116.00
Stop level at 117.00
Target level at 114.00
All the posting are delayed, I can share live updates of my content via emails. If you are interested to receive live updates, send an email to me at atraderx@gmail.com.
AUDUSD does not look very strong today, so decide to close off my position first.
I closed off my position at 0.6524, profit is 24 pips.
Original trade:
Bought AUDUSD at 0.6500
Stop level at 0.6440
Target level at 0.6600
FX trading can be a source of alternative income for you and me. Click here to open a Standard FX trading account. If you need help in your trading, send an email to me at atraderx@gmail.com. This is better than paying few thousand dollars for trading seminars or signal subscription that do not produce good results.
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
Jobs are unsecured and lost in current economic environment, we need to equip ourselves with a skill such as forex trading that can help us earn secondary incomes. Employers can take away our jobs but they cannot take away the forex trading skill which will belong to you once you have master it.
If you have not traded forex before, click here to open a mini account. Minimum capital is only US$100.
Target level reached, 94 pips profit.
Original trade:
Shorted EURJPY at 114.89
Stop level at 115.93
Target level at 113.95
All of my trades are executed based on fully tested trading system based on real life experience. If you are interested to generate alternative income by tapping on this trading system, open a standard account by clicking on this link and send an email to me at atraderx@gmail.com.
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
I had closed off my position at 116.69, 22 pips profit.
Original trade:
Bought EURJPY at 116.47
Stop level at 115.20
Target level at 117.70
All the posting are delayed, I can share live updates of my content via emails. If you are interested to receive live updates, send an email to me at atraderx@gmail.com.
I closed my position at 0.6550, profit is 50 pips.
Original trade:
Bought AUDUSD at 0.6500
Stop level at 0.6400
Target level at 0.6700
All of my trades are executed based on fully tested trading system based on real life experience. If you are interested to generate alternative income by tapping on this trading system, open a standard account by clicking on this link and send an email to me at atraderx@gmail.com.
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
Both MACD and Parabolic have signal BUY for EURJPY.
Medium term support at 116.00 is holding pretty well.
Please note that this is a risky trade as we are going against the trend.
Bought EURJPY at 116.47
Stop level at 115.20
Target level at 117.70
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
Bought AUDUSD at 0.6500
Stop level at 0.6400
Target level at 0.6700
All the posting are delayed, I can share live updates of my content via emails. If you are interested to receive live updates, send an email to me at atraderx@gmail.com.
I closed my trade at 0.9272, profit is 19 pips.
Original trade:
Shorted EURGBP at 0.9291
Stop level at 0.9360
Target level at 0.9215
All of my trades are executed based on fully tested trading system based on real life experience. If you are interested to generate alternative income by tapping on this trading system, open a standard account by clicking on this link and send an email to me at atraderx@gmail.com.
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
Resistance at 0.9300 was not broken effectively, price is likely to fall back down.
Shorted EURGBP at 0.9291
Stop level at 0.9360
Target level at 0.9215
All the posting are delayed, I can share live updates of my content via emails. If you are interested to receive live updates, send an email to me at atraderx@gmail.com.
I closed my trade at 117.20, 12 pips profit.
Original trade:
Shorted EURJPY at 117.32
Stop level at 118.10
Target level at 116.33
All the posting are delayed, I can share live updates of my content via emails. If you are interested to receive live updates, send an email to me at atraderx@gmail.com.
Downtrend maintains.
Shorted EURJPY at 117.32
Stop level at 118.10
Target level at 116.33
All the posting are delayed, I can share live updates of my content via emails. If you are interested to receive live updates, send an email to me at atraderx@gmail.com.
I closed my trade at 1.4051, 14 pips profit.
Original trade:
Shorted GBPUSD at 1.4065
Stop level at 1.4144
Target level at 1.3973
FX trading can be a source of alternative income for you and me. Click here to open a Standard FX trading account. If you need help in your trading, send an email to me at atraderx@gmail.com. This is better than paying few thousand dollars for trading seminars or signal subscription that do not produce good results.
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
Shorted GBPUSD at 1.4065
Stop level at 1.4144
Target level at 1.3973
All the posting are delayed, I can share live updates of my content via emails. If you are interested to receive live updates, send an email to me at atraderx@gmail.com.
I closed my position at 117.28, profit is 11 pips.
Original trade:
Shorted EURJPY at 117.39
Stop level at 118.14
Target level at 116.45
FX trading can be a source of alternative income for you and me. Click here to open a Standard FX trading account. If you need help in your trading, send an email to me at atraderx@gmail.com. This is better than paying few thousand dollars for trading seminars or signal subscription that do not produce good results.
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
I closed my position at 0.9164, 46 pips profit.
Original trade:
Bought EURGBP at 0.9118
Stop level at 0.9043
Target level at 0.9197
All the posting are delayed, I can share live updates of my content via emails. If you are interested to receive live updates, send an email to me at atraderx@gmail.com.
Both MACD and Parabolic had signal SELL for EURJPY
Shorted EURJPY at 117.39
Stop level at 118.14
Target level at 116.45
All the posting are delayed, I can share live updates of my content via emails. If you are interested to receive live updates, send an email to me at atraderx@gmail.com.
Both Parabolic and MACD had signal BUY for EURGBP
Bought EURGBP at 0.9118
Stop level at 0.9043
Target level at 0.9197
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
European Central Bank President Trichet reported yesterday that "2009 will be very difficult, as I indicated last Thursday. The council of governors considers that world and European growth in 2009 will be substantially lower than the forecasts made at the beginning of December." He added "The difficulties are still there, there is not in any circumstance any room for any complacency whatsoever. We must remain permanently ready to act."
The ECB cut rates by 50bps last Thursday and ECB forecasts are expected to be updated in March. ECB member Provopoulos today said the "scope for further rate cuts will be limited." ECB member Nowotny added "The ECB has no interest in interest rates going down to zero." Euro bids are cited around the US$ 1.3055 level.
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I closed my position at 0.6690, profit is 90 pips.
Original trade:
Shorted AUDUSD at 0.6780
Stop level at 0.6950
Target level at 0.6614
FX trading can be a source of alternative income for you and me. Click here to open a Standard FX trading account. If you need help in your trading, send an email to me at atraderx@gmail.com. This is better than paying few thousand dollars for trading seminars or signal subscription that do not produce good results.
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
Stop triggered, loss is 73 pips.
Original trade:
Bought EURUSD at 1.3338
Stop level at 1.3265
Target level at 1.3415
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
Medium term support: 1.3100
Short term resistance breakout: 1.3343
Bought EURUSD at 1.3338
Stop level at 1.3265
Target level at 1.3415
All postings are delayed, I can share live updates of my content via emails. If you are interested to receive live updates, send an email to me at atraderx@gmail.com.
I took profit at 1.3236, profit is 31 pips.
Original trade:
Bought EURUSD at 1.3205
Stop level at 1.2980
Target level at 1.3425
FX trading can be a source of alternative income for you and me. Click here to open a Standard FX trading account. If you need help in your trading, send an email to me at atraderx@gmail.com. This is better than paying few thousand dollars for trading seminars or signal subscription that do not produce good results.
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
I closed my position at 118.66, profit is 95 pips.
Original trade:
Bought EURJPY at 117.70
Stop level at 115.90
Target level at 119.43
Bought EURJPY at 117.70
Stop level at 115.90
Target level at 119.43
All postings are delayed, I can share live updates of my content via emails. If you are interested to receive live updates, send an email to me at atraderx@gmail.com.
The Australian Bureau of Statistics reported Thursday that the jobless rate hit 4.5 percent, compared to November's reading of 4.4 percent.
The report showed the Australian economy lost 44,000 full-time jobs in December, bringing the total number of full-time employees to 7,640,200. The December figure marked the third increase in lost jobs in four months, bringing the cumulative loss for the period to 77,000.
Part-time employment, meanwhile, swelled by 42,800 to 3,102,200, an indication that employers are cutting back on the number of hours worked rather than eliminating jobs outright.
The job loss was far worse than the 20,000 decline predicted by most economists and was the largest decline in full-time positions since March 2003.
Initial news of the better-than-expected jobless rate sent the Australia dollar higher, but the gains were short-lived when investors saw the sharp decline in full time jobs. The Aussie fell to a low of 0.6575 before rebounding.
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To shore up the economy from deepening recession, the European Central Bank trimmed its key interest rate by 50 basis points to 2% in its first Governing Council meeting of the year. The reduction was in-line with the expectations of economists. This took the rate to the level last seen in June 2003. The new interest rate will take effect from January 21.
ECB President Jean-Claude Trichet said, “We continue to see global economic weakness and very sluggish domestic demand persisting in the coming quarters as the impact of the financial tensions on activity continues.”
“In the view of the Governing Council, this outlook for the economy remains surrounded by an exceptionally high degree of uncertainty. Overall, risks to economic growth remain clearly on the downside,” Trichet said.
Medium term support at 1.3100 has broken.
Short term support at 1.3092 has broken as well.
Shorted EURUSD at 1.3069
Stop level at 1.3163
Target level at 1.2951
All postings are delayed, I can share live updates of my content via emails. If you are interested to receive live updates, send an email to me at atraderx@gmail.com.
Stop triggered, loss is 75 pips.
Original trade:
Bought EURUSD at 1.3173
Stop level at 1.3098
Target level at 1.3258
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
I took profit at 0.9021, profit is 42 pips.
Original trade:
Bought EURGBP at 0.8979
Stop level at 0.8904
Target level at 0.9053
FX trading can be a source of alternative income for you and me. Click here to open a Standard FX trading account. If you need help in your trading, send an email to me at atraderx@gmail.com. This is better than paying few thousand dollars for trading seminars or signal subscription that do not produce good results.
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
Bought EURGBP at 0.8979
Stop level at 0.8904
Target level at 0.9053
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
Bought EURUSD at 1.3173
Stop level at 1.3098
Target level at 1.3258
All postings are delayed, I can share live updates of my content via emails. If you are interested to receive live updates, send an email to me at atraderx@gmail.com.
The dollar hit intraday highs against the euro and yen Tuesday after the U.S. Commerce Department reported the U.S. trade deficit contracted by the most in 12 years during November.
The U.S. deficit in international trade of goods and services plunged by 28.7% to USD40.44 billion, compared with economists' estimates for a USD51 billion short fall in November.
Currency markets are weary heading into the European Central Bank meeting Thursday after Standard & Poor's threatened to downgrade the sovereign credit ratings of Spain and Greece. Traders failed to boost the euro on Germany's announcement of a second fiscal stimulus plan, valued at EUR50 billion.
US dollar is overbought in my opinion, we are seeing a huge rally in AUDUSD and EURUSD this morning (Asia time). Its hard to make a call right now if the sudden weakness in US dollar is sustainable, but my system has already signal buy for both AUDUSD and EURUSD.
Do look out for my next trading alerts if you had subscribed for my service.
I closed my position at 89.44, profit is 14 pips.
Original trade:
Shorted USDJPY at 89.58
Stop level at 90.21
Target level at 88.83
All the posting are delayed, I can share live updates of my content via emails. If you are interested to receive live updates, send an email to me at atraderx@gmail.com.
I closed my position at 0.6644, profit is 15 pips.
Original trade:
Shorted AUDUSD at 0.6659
Stop level at 0.6734
Target level at 0.6564
FX trading can be a source of alternative income for you and me. Click here to open a Standard FX trading account. If you need help in your trading, send an email to me at atraderx@gmail.com. This is better than paying few thousand dollars for trading seminars or signal subscription that do not produce good results.
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
I closed my position at 1.3219, profit is 48 pips.
Original trade:
FX trading can be a source of alternative income for you and me. Click here to open a Standard FX trading account. If you need help in your trading, send an email to me at atraderx@gmail.com. This is better than paying few thousand dollars for trading seminars or signal subscription that do not produce good results.
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
The British pound has retraced more than 50 percent of the rally we saw last week, as lingering risk aversion weighs on some of the more volatile currencies.
The Australian dollar was pulled sharply lower again Tuesday as Asian equity markets remained soft, commodity prices were weak and ratings agency Standard and Poor's warned regional neighbor New Zealand it could lose its AA-plus credit rating.
US Dollar strength is likely to persist for the rest of the week.
I closed my position at 0.6726, profit is 20 pips.
Original trade:
Shorted AUDUSD at 0.6747
Stop level at 0.6811
Target level at 0.6652
All the posting are delayed, I can share live updates of my content via emails. If you are interested to receive live updates, send an email to me at atraderx@gmail.com.
ECB President is going to speak at GMT1700 hours, so I decide to close my position first.
I closed my position at 117.97, profit is 30 pips.
Original trade:
Shorted EURJPY at 118.27
Stop level at 119.11
Target level at 117.59
I closed my position at 118.25, profit is 22 pips.
Original trade:
Shorted EURJPY at 118.47
Stop level at 119.23
Target level at 117.52
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
Both MACD and Parabolic had signaled sell for EURJPY.
Shorted EURJPY at 118.47
Stop level at 119.23
Target level at 117.52
All the posting are delayed, I can share live updates of my content via emails. If you are interested to receive live updates, send an email to me at atraderx@gmail.com.
Support level at 1.3300 has broken, more downside expected
Shorted EURUSD at 1.3266
Stop level at 1.3340
Target level at 1.3171
Support level at 0.6760 has broken, more downside expected.
Shorted AUDUSD at 0.6747
Stop level at 0.6811
Target level at 0.6652
All the posting are delayed, I can share live updates of my content via emails. If you are interested to receive live updates, send an email to me at atraderx@gmail.com.
I took profit at 89.08, profit is 61 pips.
Original trade:
Shorted USDJPY at 89.69
Stop level at 90.33
Target level at 89.02
All the posting are delayed, I can share live updates of my content via emails. If you are interested to receive live updates, send an email to me at atraderx@gmail.com.
I close my position at 1.1145, profit is 75 pips.
Original trade:
Shorted USDCHF at 1.1220
Stop level at 1.1290
Target level at 1.1109
Support level at 90.00 has broken
Shorted USDJPY at 89.69
Stop level at 90.33
Target level at 89.02
All the posting are delayed, I can share live updates of my content via emails. If you are interested to receive live updates, send an email to me at atraderx@gmail.com.
The Dollar recovered against some of its major currency pairs last Friday. This US dollar strength is expected to persist today.
Traders are optimistic on the USD and U.S. economy as they see Obama's stimulus plan as a big plus for the U.S. economy.
I will be looking to go long on US dollar when opportunity arises.
The dollar strengthened against the euro and erased its decline versus the yen Friday as investors digested the U.S. official payroll report.
Trading was erratic but little changed following the data release, but the dollar made a more decisive move higher against the euro as trade progressed. The euro hit an intraday low of USD1.3490 against the dollar.
While the data showed another month of job losses in the U.S. economy and the unemployment rate hit the highest since 1993, the size of the job cuts actually was less dire than some economists have forecast.
The payroll report showed 524,000 job cut in December, which is mostly in line with the median forecast of 525,000
How to take advantage of this opportunity?
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Risk Disclosure:
Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. This website is neither a solicitation to invest nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results.
I took profit at 0.7030, profit is 46 pips.
Original trade:
Shorted AUDUSD at 0.7076
Stop level at 0.7150
Target level at 0.7006
All the posting are delayed, I can share live updates of my content via emails. If you are interested to receive live updates, send an email to me at atraderx@gmail.com.
I took profit at 91.17, profit is 50 pips.
Original trade:
Shorted USDJPY at 91.67
Stop level at 92.30
Target level at 90.71
All of my trades are executed based on fully tested trading system based on real life experience. If you are interested to generate alternative income by tapping on this trading system, open a standard account by clicking on this link and send an email to me at atraderx@gmail.com.
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
Uptrend line is broken.
Shorted AUDUSD at 0.6980
Stop level at 0.7048
Target level at 0.6888
All the posting are delayed, only subscribers will receive live updates of my content via emails. If you are interested to receive live emails, send an email to me at atraderx@gmail.com.
Stop loss triggered, loss is 50 pips.
Original trade:
Shorted USDCAD at 1.1970
Stop level at 1.2020
Target level at 1.1882
US Dollar is growing in strength.
Cut loss my position at 0.6996, loss is 66 pips.
Original trade:
Bought AUDUSD at 0.7062
Stop level at 0.6980
Target level at 0.7142
Good support at 0.900
Bought EURGBP at 0.9052
Stop level at 0.8980
Target level at 0.9150
All the posting are delayed, only subscribers will receive live updates of my content via emails. If you are interested to receive live emails, send an email to me at atraderx@gmail.com.
Stephen Roach, chairman of Morgan Stanley Asia, sees 2009 as a year of "severe global recession," inflation, and declining earnings.
"The key call investors will have to make is not so much on the shape of the recession, but what the contour of the subsequent recovery is likely to be," Roach told the Financial Times.
The markets will likely bet on a normal recovery, especially considering the huge amount of money the United States and European governments are pumping into their economies, Roach said.
President-elect Barack Obama is said to favor quick passage of a $775 billion stimulus bill that will be disbursed over two years. Talk of up to $1 trillion in combined spending and tax breaks has surfaced on Capitol Hill.
"Hope springs eternal that a relatively short-lived downturn will be followed by a pretty solid U-shaped recovery," Roach said.
Yet Roach isn't buying that idea.
"To the contrary: my strongest out-of-consensus idea for 2009 is a realization that the world is now facing a multi-year slowdown," Roach predicts.
"Any recovery in 2010 will be tentative and anemic."
Roach is betting that the American consumer is finally completely out of the game, although he doesn't discount a short-term stock rally. A very slow U.S. recovery will keep the rest of the world waiting for recovery as well, he warns.
In fact, discounter Wal-Mart might be the only retailer to report a rise in December sales, according to Thomson Reuters. Full numbers are due out today.
Two well-known economists know predict unemployment in the United States of greater than 11 percent — a number which would mean up to 7 million more people out of work. The November jobless rate, the latest data point available, was 6.7 percent.
Carmen Reinhart, from the University of Maryland, and Kenneth Rogoff, of Harvard, figure housing might not bottom until 2010, which they say bodes poorly for struggling banks that still hold trillions of dollars in mortgages.
"Financial crisis are protracted affairs," Reinhart and Rogoff wrote in a paper presented at this weekend's annual meeting of the American Economic Association, in San Francisco.
My View?
I agree with Mr Stephen Roach that we are in a multi-year slowdown. If you are thinking of investing in stock market in 2009, I say think twice.
In my opinion 2009 is a year of opportunity for forex and commodity trading, because in forex and commodity trading we can tap on market downturn.
Original trade:
Shorted USDCAD at 1.1793
Stop level at 1.1887
Target level at 1.1688
All the posting are delayed, only subscribers will receive live updates of my content via emails. If you are interested to receive live emails, send an email to me at atraderx@gmail.com.
I close my position at 93.27, profit is 44 pips.
Original trade:
Shorted USDJPY at 93.71
Stop level at 94.75
Target level at 92.75
All of my trades are executed based on fully tested trading system based on real life experience. If you are interested to generate alternative income by tapping on this trading system, open a standard account by clicking on this link and send an email to me at atraderx@gmail.com.
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
Critical level at 94.00 is broken, more downside is expected.
Shorted USDJPY at 93.71
Stop level at 94.75
Target level at 92.75
All the posting are delayed, only subscribers will receive live updates of my content via emails. If you are interested to receive live emails, send an email to me at atraderx@gmail.com.
I took profit at 1.3515, profit is 54 pips.
I am still bullish EURUSD as I think the fall is overdone.
I will buy EURUSD again when system signals buy again.
Original trade:
Bought EURUSD at 1.3460
Stop level at 1.3357
Target level at 1.3557
All of my trades are executed based on fully tested trading system based on real life experience. If you are interested to generate alternative income by tapping on this trading system, open a standard account by clicking on this link and send an email to me at atraderx@gmail.com.
Risk Disclosure: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. The past performance of any trading system or methodology is not necessarily indicative of future results.
