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frx_trader commented Mar 15, 2013It closed below 1.5120. S/R : 1.5060/ 1.5160. Will be interesting if it breaks 1.52 or 1.4920.
BoE's King says sees signs of recovery and case for supporting that through additional asset...
- frx_trader commented Mar 12, 2013
I expect it can break 1.5280 to go up to 1.56. If it doesn't reach 1.5220, then the downward trend will continue.
Time to Buy the Pound
- frx_trader commented Mar 12, 2013
When I posted this, GU was 1.4900-1.4910. So, lets say buy 1.4910. I use nominal basis instead of time frame. Now I will use time frame, i.e. 6 months. In 6 months time frame and the time in between 6 months from now, will GU hit higher or lower ...
Time to Buy the Pound
- frx_trader commented Mar 11, 2013
Data suggest printing yen doesn't bring results as expected. It will take awhile to have some results.
Yen under renewed pressure, hits fresh lows
- frx_trader commented Mar 9, 2013
The data suggest a brighter outlook that usually results in stronger USD. It also means EZ problems can be kicked down the road. I would say weaker USD with EUR goes to 1.31.
China Inflation Accelerates Closer to Government’s Target
- frx_trader commented Mar 8, 2013
You are talking about 3 things: Gold, USD, and EUR and their relationship. If Gold/USD goes up and EUR/USD goes up, we say they are coupling means there is correlation among them. If Gold/USD goes up and EUR/USD goes down, we say they are decoupling ...
Jobs Data, NFP Reactions: Retreat in EUR/USD; Even Weaker CHF and JPY; Strength for CAD
- frx_trader commented Mar 8, 2013
Tomorrow China data will make it even worse. LOL
Payrolls in U.S. Rose More Than Forecast; Jobless Rate at 7.7%
- frx_trader commented Mar 8, 2013
EU, GU, JPY free fall.
EUR/USD Forms a Double Bottom Through ECB/Draghi Risk Event
- frx_trader commented Mar 8, 2013
I respect that you want to give away your secret. At one point a person want to share all he got in this short life span. I also the same desire. But my trading is not that good. But I have something other than that. I wanted to share it to some one ...
EUR/USD Forms a Double Bottom Through ECB/Draghi Risk Event
- frx_trader commented Mar 8, 2013
Why does China release data on weekends? It's their rights as when to release them. But kind of funny.
3 Numbers to Watch: German production, US jobs, Italian bonds
- frx_trader commented Mar 7, 2013
1.3150 is the strong critical resistant. SL should be placed at 1.3165.
EUR/USD Forms a Double Bottom Through ECB/Draghi Risk Event
- frx_trader commented Mar 6, 2013
You see I don't have DJ candles chart, because it's not in my MT4. So, I don't know when. I don't study DJ in detail. But this year, it will be bullish (my prediction). So 16,000 will happen.
Dow Jones Industrial Average climbs above record closing level
- frx_trader commented Mar 5, 2013
Agree. Risks management is the most important factor in trading. I have ever traded without any news when there was limited expensive internet. It's not reading news is important, but more important is what impact of some news. This is a mastery by ...
Draghi Will Need to Push the Euro Down Some More
- frx_trader commented Mar 5, 2013
I am not trading DJ. So I am neutral. But I see it will hit 18000. Keep Long. It will pull back to 13200, But will close the year at 16000.
Dow Jones Industrial Average climbs above record closing level
- frx_trader commented Mar 5, 2013
The last thing we need is a currency war. But that's not the market wanted to do. Korean won need to rise, but the country is also in difficulties. So is Japan. No hope with EZ and UK. Then it must be NZ and AUD. This is getting more and more ...
Draghi Will Need to Push the Euro Down Some More
- frx_trader commented Mar 4, 2013
GU on my 4 hr chart, the last 3 candles are blue (green, up candles). The first candle of my last 4 candles is red. Next to it, is blue. The red candle is half of the blue one which indicates bullish.
UK Construction PMI hits lowest level since October 2009