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frx_trader replied Dec 2, 2015Of course .7250/60 still be the support line atm. But .70 is hard to come around.
AUD/USD
- frx_trader commented Dec 2, 2015
When she opens her mouth, DJ goes down.
Yellen Signals Confidence in Economy Ahead of Fed Rate Decision
- frx_trader replied Dec 2, 2015
In fact, I don't care about making smart moves. Or Not so smart. What difference do they make? I can become totally ignorant. And Be a Winner. Go with Majority, I have learnt to become Minority.
AUD/USD
- frx_trader replied Dec 1, 2015
I am glad that majority says it goes down. In Forex and other fields, there are only a few winners.
AUD/USD
- frx_trader replied Dec 1, 2015
Closing yesterday above 0.73 is a bullish sign. Breaking above .7350 will confirm it. But sidelined atm. GDP looks very good. But FED action will damp any upward move. I am slightly bullish, but will wait for a good entry price.
AUD/USD
- frx_trader replied Dec 1, 2015
Agree. Almost identical to mine: 185.80, 185.35, 185, 184.56
Dragon Riders GBP/JPY
- frx_trader replied Nov 30, 2015
UJ is neutral atm. With slightly upward bias. 50-100 pips. Pull back on UJ. 124 is critical for more upwards movement to 128. Mean while, 121 is critical for downward to 117. I would buy on the dip somewhere 122.
USD/JPY Discussion
- frx_trader commented Nov 30, 2015
AUD? CAD? CHF? Gold? Silver?
IMF Approves Reserve-Currency Status for China's Yuan
- frx_trader commented Nov 29, 2015
First MMs will kill USD long on SL hunting, before they long on USD. Just a thought.
All of this will drive markets in 'most important' week of year
- frx_trader replied Nov 26, 2015
The forecast for next year is UJ around 120-140. GU, not so sure, maybe it will be some where around 1.40 - 1.60. This of course is a tight range of 2000 pips for a year. GJ, not so sure, maybe will be 160 - 220.
Dragon Riders GBP/JPY
- frx_trader commented Nov 24, 2015
Russia certainly will do something. The question is : Can US do anything? I don't think so.
Turkey shoots down military jet over Syrian border – local media report plane is Russian
- frx_trader replied Nov 22, 2015
I guess I was wrong this week. It's trading up channel in this past couple of hours. For today, buy the dip. But hey, it's only couple of hours into the day and week. We have to wait for Europe and NY sessions. So, can't give any clue atm.
Dragon Riders GBP/JPY
- frx_trader replied Nov 21, 2015
This Dragon is wild, that it's harder to predict. I cannot be certain more than 60%. But, I would sell @ 188.20, if it gets there @ smaller lot size. I could be wrong. But it's my plan according to my view of the chart.
Dragon Riders GBP/JPY
- frx_trader replied Nov 21, 2015
I would think that the uptrend channel has failed, unless some XO. So, it could only retrace to 188.20, then fall to 182. Next week will offer some hint, and become clearer about where the high and low.
Dragon Riders GBP/JPY
- frx_trader commented Nov 21, 2015
Selling courses is not a bad idea. People learn from each other. If courses offer one to improve skills, any skills, then they are needed to improve knowledge. The bad side is people never learn what are taught. They stick to very old ideas that ...
The Only 3 Forex Chart Patterns You Need to Know (and Why I Trade Them)
- frx_trader replied Nov 20, 2015
Still need to see next week. In 2 H chart, it has broken from uptrend channel. In 2 D chart, it has not broken 190, and looks like head and shoulder. And it could be an inverse flag. This beast looks weaker and weaker. Can it gain more strength? ...
Dragon Riders GBP/JPY
- frx_trader commented Nov 20, 2015
Who is the worst CB governor in the World? Answer: It begins with D, ends with I, voted unanimously.
Draghi: Monetary Policy: Past, Present and Future