Archive for May, 2010
Monday 31 May 2010 @ 11:59 pm
A temporary top is in place at 91.60 with 4 hours MACD crossed below signal line and intraday bias is turned neutral for the moment. At this point, another rise cannot be ruled out. But after all, price actions from 88.25 are consolidative in nature. Hence, we'd expect upside to
Monday 31 May 2010 @ 11:52 pm
Australian dollar is generally softer today as RBA left interest rates unchanged at 4.5% and sounded cautious on the development in Europe. Disappointing China PMI data also added some weighs to risk sentiments. Asian stocks are generally lower with Nikkei dropped -56.8pts to close at 9711. Crude oil is flat
Monday 31 May 2010 @ 11:49 pm
Hi Vantage,
Thank you so much for explaination and generously sharing yr system. May I ask,
1. Do u always look for 8lwma pullback?
2. Do u mean the 1min wave crossing both 8lwma+even number ?
Thx.:)
Monday 31 May 2010 @ 11:40 pm
Consistent with market expectations, the RBA left its overnight cash rate unchanged at 4.5% as previous rate hikes have brought interest rates to average levels of the past decade and the central bank needs to gauge impacts of European policymakers' measures to contain sovereign crisis. Interestingly, statement skipped detailed discussions
Monday 31 May 2010 @ 11:34 pm
Australian Building Approvals and Chinese PMI disappointed in overnight trading with the former falling 14.8% MoM though it is still up 21.3% YoY. The latter fell to 52.7 from 55.2 and is not far from outright contraction now (another CH PMI also disappointed the market by recording 53.9 vs. 54.5 expected and 55.7 prior).
Monday 31 May 2010 @ 11:33 pm
Hi Teb
Thanks for your reply. Sorry but being new, I don't quite understand what you are saying.
Or maybe my question was wrongly worded - let me try again. Entry with 2lots - When target 1 of 10 or 20 is met, take profit on first lot and move the stop on second lot to Breakeven (so that lot 2 i...
Monday 31 May 2010 @ 11:30 pm
Markets in the US and the UK were enjoying a public holiday yesterday and trading was thin throughout the day. The big boys who like to make their opinions heard during the liquid London/New York overlap were nowhere to be seen and a general USD strength was seen as US
Monday 31 May 2010 @ 11:28 pm
With markets closed in the UK and US it was a relatively stable affair for currency markets overnight with residual month-end fixing business providing the only major input. However, with liquidity a difficult issue in the thin markets, the moves tended to be exaggerated with EUR dipping some 40 points
Monday 31 May 2010 @ 11:25 pm
It's not part of the strategy, but just be aware that it's a new week and a new month. Be sure to check the relevant charts.
Monday 31 May 2010 @ 11:23 pm
Hi,
strategy money management is:
brakeout..............eurusd if up Buy 0.15 lots and usdchf Buy 0.10
brakeout revers.....eurusd if dn Sell 0.35 lots and usdchf Sell 0.20
brakeout revers.....eurusd if up buy 0.75 lots and usdchf buy 0.40
eurusd=Tot.lots is:
eurusd Buy 0.15+Buy 0.75=0.90
eurusd ...
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