- Search Energy EXCH
-
Deano9999 commented Jun 10, 2013The RSI is a good guide to continued EUR strength at present. Typically in a phase 2 retracement the RSI won't reach 70 on the daily chart the way it does with a strong phase 1 trend, and it hasn't yet. A daily close above the June 6 high of 1.3305 ...
EUR/USD: grinding above 1.3245 resistance
- Deano9999 commented Jun 10, 2013
Little change in fact or tone, so the JPY jumps and takes the majors with it. The yen crosses down.
BOJ Statement on Monetary Policy
- Deano9999 commented Jun 9, 2013
The article doesn't really add to the discussion. Lots of old material. But I wonder how many traders here on FF are trading a six figure account? I have first hand knowledge of a guy who turned $4k into $220k in a year but then blew up. Hubris gets ...
7 Things You Must Know Before You Get Into Trading
- Deano9999 commented Jun 7, 2013
Very close and with the previous months revision the USD will strengthen against the other currencies but not as much as yesterday's losses.
Dollar-Yen Shake-Out Could Just Be the Start
- Deano9999 commented Jun 7, 2013
Too small to make much difference, considering volume is low after yesterday. A 30 pip range so far. sfa, so not much to see here today.
Payrolls in U.S. Increased 175,000 in May, Unemployment at 7.6%
- Deano9999 commented Jun 7, 2013
This won't be the last revision me thinks.
Bundesbank lowers 2013 GDP forecast to +0.3% from +0.4%
- Deano9999 commented Jun 7, 2013
Hesistancy is psychological!
I get your point the JPY is a yoyo today, and days like these I allow within my trading plan to take profit manually as soon as I reach > 1:1 reward/risk. I find that avoids some whipsaws and allows me to relax.Are You Making Any of These 3 Trading Psychology Mistakes?
- Deano9999 commented Jun 7, 2013
JPY up again, like a freaking yoyo!
Japan GPIF to Cut Allocation of Domestic Bonds to 60% From 67% - Bloomberg
- Deano9999 commented Jun 7, 2013
JPY is all over the shop, the Nikkei and Abe's latest non comments are certainly helping - not. Yes I'm also expecting a weaker jobs number and humongous volatility - again.
USD/JPY Technicals – Breaking Multiple Support but 96.0 Firm
- Deano9999 commented Jun 7, 2013
Europe missed a lot of the excitement in NY last night, so I'm expecting some more USD weakness when London opens. But if I may suggest it might pay to be squared away before the nfp tonight - things are likely to get ugly.
Australian dollar, kiwi getting hit again
- Deano9999 commented Jun 7, 2013
Pip, If these positions were in line with your trading plan, then imho they're not psych mistakes you made. Its only if you changed your positions and violated your plan that you'd say mistakes. Just a thought, and besides yesterday was a b&*ch to ...
Are You Making Any of These 3 Trading Psychology Mistakes?
- Deano9999 commented Jun 7, 2013
Doesn't smell like another run short though. Stablised around 0.95 and looking like it wants to bounce.
Australian dollar, kiwi getting hit again
- Deano9999 commented Jun 7, 2013
A good article. Trading imho is 100% psychology. Even the reading of charts and technical analysis requires interpretation, which comes from beliefs about what you're actually seeing. Two people can look at a bar or candlestick series and see ...
Are You Making Any of These 3 Trading Psychology Mistakes?
- Deano9999 commented Jun 7, 2013
96 Firm? Its broken down to 95.54 and trending short!
USD/JPY Technicals – Breaking Multiple Support but 96.0 Firm
- Deano9999 commented Jun 6, 2013
Geez. Got up this morning and scratching my head as to the violence of the overnight moves. Looking at the EURUSD pa it all happened so quickly, and the hourly volume at 2am Sydney time (noon NY time) was the largest seen in a long while. Still long ...
The Dollar Is Getting Crushed
- Deano9999 commented Jun 5, 2013
The Oanda COT report shows 79% long positions - unbelievable! While that huge imbalance exists the long are going to get squeezed big time, so look for the AUD to fall further towards the next level at 0.9387, and medium term 0.9000.
AUD/USD – Through 0.95 and to Lowest Level in 18 Months
- Deano9999 commented Jun 5, 2013
AUD headed for 0.9386 low. Then if that breaks its off to 0.9000.
Australian Dollar Falls To US$0.9498, Lowest Since Oct 2011
- Deano9999 commented Jun 5, 2013
So make sure you just follow your system and trade what you see, not what you think. The markets are currently very indecisive so don't even think about trying to guess the direction, just manage your risk, ensure R:R > 1 and wait for good signals.
Abe's Deflation-Slaying Third-Arrow Underwhelms
- Deano9999 commented Jun 5, 2013
More voodoo economics. Bah humbug.
The Hindenburg Cluster: 2nd Omen In 3 Days
- Deano9999 commented Jun 4, 2013
Not good, and that makes a hatrick of poor data this morning for the AUD. Further confirmation the economy is slowing. AUD should retest its recent lows after this.
Australian National Accounts: National Income, Expenditure and Product