- Search Energy EXCH
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frx_trader commented Mar 16, 2017Inflation can be spiral. Raise the rate, more inflation to cover cost. More inflation more devaluation. Greece and Euro can be a case. Negative interest rate induces deflation. Case Japan. So, it's hard to predict. It depends on Good money and bad ...
Dollar falling despite FOMC rate hike
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frx_trader replied Mar 16, 2017Opinion : Emerging makets will have a hard time keeping up with US interest rate. China has just raised their interest rate. UJ immediately drops more. Even Kuroda has spoken. It's tightening everywhere. Never mind. Emerging markets are accustomed ...
EURUSD
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frx_trader replied Mar 16, 2017May i share an opinion. Technically the chart looks bearish, since there is a leg hanging there without support. But market makers may think it should go up more. Or maybe it just smoke screen for bear. A camouflage.
Wolfe Waves - Get in the Zone
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frx_trader replied Mar 16, 2017Expo, thanks for your chart. I actually placed a buy entry @ 1.001 in asian session. Targeting 1.020. Then it just dropped to 0.990 in a minute. Then it dropped again to .985. I exited there, thinking it would drop to 0.960. 15 pips loss.
Wolfe Waves - Get in the Zone
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frx_trader replied Mar 15, 2017Hello. Pls share your view of AUDUSD, NZDUSD, and USDCHF. And post some charts. Anybody?
Wolfe Waves - Get in the Zone
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frx_trader replied Mar 15, 2017Everything goes wrong atm. I'll wait. I'll wait. Wipe out all my positiion. Sit tight and Wait.
EURUSD
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frx_trader replied Mar 15, 2017Trump .... Trump ..... We forget about Trump 1:20amUSD President Trump Speaks 1:30amUSD FOMC Press Conference
EURUSD
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frx_trader replied Mar 15, 2017Maybe because of G10 meeting. And market is obviously afraid of Trump point out currency manipulation. USDZAR has been a good source of my profit in history. So this is not shit. I like it. It's just not my lucky day.
EURUSD
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frx_trader replied Mar 15, 2017I should have shared your intuition. A heavy lost for me in USDZAR. I will get it back. I should have listened to you.
EURUSD
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frx_trader replied Mar 15, 2017Now I see why you are so worry. Traded UJ and USDZAR. Both Buys end up in a lost. I don't know what happens. It's just so strange. Very unusual. Somebody must have sold lots of USD. Look at AU. The AUD just surge ahead past .76. A very strange ...
EURUSD
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frx_trader replied Mar 15, 2017Jes. It's so bearish. SL Buy 10 pips. Done with this pair.
USD/JPY Discussion
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frx_trader replied Mar 15, 2017Not so sure. There are 2 options, but the end result should be the same. EU = 1.06 at the end of NY session. 1. EU up to 1.07 then down to 1.0540 then up to 1.06. or 2. EU down to 1.0540 then up to 1.0650 then down to 1.06.
EURUSD
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frx_trader replied Mar 15, 2017The spike to 1.071 is due to speculation. I don't think speculators will come in here. They maybe wait for 1.0540 after the FED.
EURUSD
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frx_trader replied Mar 14, 2017My feeling is it will retrace back to 1.0540 before the FED. Because the bull has a real chance to fight there. Then retrace back to 1.0650. BUT AS USUAL I AM WRONG MOST OF THE TIME.
EURUSD
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frx_trader replied Mar 14, 2017Where is your long? If it is around 1.0650, and you can take it to 1.06. I would say SL 1.0590. But, it's your call. Looks like the bear can't wait any longer for the FED.
EURUSD
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frx_trader replied Mar 13, 2017Your mid term target is 1.0680. Daily target is 1.0725. While the Daily down side risk 1.0590. This view is without any surprise. So do calculation for your self. And trade with your own risk. Good luck.
EURUSD