AUD shud show initial res ard .8670/80 level Support now at .8620 Stubborn shorts will be averaging into this move up and looking to buy back .8630/40 Longs shud hold with S/L below .8620

Trading Aussie Jacko Style

AUD seems supported by a commodities boost. USD directionless atm. Im long AUD but its a slow grind up I think. Not a convincing trade or standout but see today's downside limited unless any news. happy hunting

Trading Aussie Jacko Style

Hi mate Im in Australia.

EURUSD

Depends where you are mate? GBP/USD liquidity is not the best in Asia. It can gap. EUR/USD is the better choice of the two. I like Fundamentals as well as Charts so I prefer AUD/USD because thats my time zone.

EURUSD

Money.. If he is buying say from 1.4708 all the way up to 1.4725 he trigger buyers (stop losses) which become his exit ie he has sold.So if they buy at 1.4708 and sell at 1.4725 thats 17pips. These guys are playing in 100's of millions. So a nice ...

EURUSD

eg. there maybe stop losses above 1.4725 market is trading say 1.4706/08 a large player will buy large and push market above 1.4725 which forces the short positions out. Cross trading is eg eur/jpy.. he may have an order to buy Eur and sell Jpy. He ...

EURUSD

Many factors. 1. Could be a large player trying to trigger stops 2. Could be a large buy order. 3. A Cross play being executed. 4. News (but on this occasion unlikely) 5. Thin market (lunchtime square up)

EURUSD

All been factored in the rate as far as Im concerned. No reason to buy USD. They arent out of the woods yet. I think there has been alot of unwinding of long term USD short positions, hence strength in the USD. I cant see the big boys racing out and ...

EURUSD

I cant see the US dollar reversing the down trend too much. Inflation is caused by high Oil and commodity prices rather than the US internal factors. The dilemma the Fed has is about balance. They have an inflation problem yes but they need to spark ...

Why Trading Forex is So Difficult - Long Term vs. Short Term

The first thing you need to do is get a foot in the door so take the sales role. That will allow you to network with the traders,clients etc. Trading for a bank is completely different than trading for yourself.Most bank traders dont take large ...

The odds against us (retail traders)? what can you do?

You hit the sensitive side and $1 million can move it. With ECN's they become they own exchanges. You may have several support banks streaming prices which are normally from their own portals and when the price moves in the wholesale these streamers ...

MarketMakers

You may have an issue here with risk management. You shouldnt be restricted in trading hours. There are plenty of brokers who dont have this restriction. The reason perhaps they have limited you is because they feel they cant make money from ...

Need your advice on account conditions

Thank you for your greetings.

Cable Update (GBPUSD)

The weakness of GBP is dragging the rest lower. The UK is facing an economic disaster and talk of recession over the weekend.I think that was partly to blame for the large sell off this morning. I see GBP weakening across the board on most crosses. ...

Cable Update (GBPUSD)