Missing the USDCAD Bottom

Well, I'm not sure if the USDCAD has finally hit bottom or not. It's around parity today which is pretty much what people were talking about.Now, I did purchase some before parity. So, I'm underwater, holding my breath, wondering how much time it might take before I'll notice some buoyancy and float back to the surface.I guess this makes me a swing trader, because now I'm looking at holding my

Analysis 20/9

It seems that market are still fighting to decide about the next trend. As we know, price is result from consolidation of markets. Yesterday, Gbp/Usd was bearish at European session but in the middle of US session, this pair had some strong support. Today, we will wait for an important fundamental news about speech from Mr. Ben Bernanke at early of US session. It seems that European trader will

Financial Excitement

There has been a lot of frenzied action since yesterday's Fed rate cuts.Personally, I've activated an account with OANDA. They allow very small accounts and any size of trade. Also, you can trade less common currency pairs at reasonable spreads. For example, during normal trading, the spread on the EURUSD is usually 0.9 pips. That's great!Anyhow, more experiments under way.I've got some

Result Signal #14

Result from signal #14 :Buy Limit Gbp/Usd at 2.0120, TP 2.0265, SL 2.0080 : -40 pipsProfit = -40 pipsSept Total Profit = +3 pipsAccumulate Total Profit = +396 pips.

Signal #14

Buy Limit Gbp/Usd at 2.0120, TP 2.0265, SL 2.0080

Forex Day Trading - FOMC Rate decision push to market

Forex Day Trading - FOMC Rate decision push to marketToday the FOMC meeting was scheduled and the fx market was speculating about the rate interest decision from the meeting as that will have direct impact on $$ based currency pairs.If the interest rates go up AS PER EXPECTATION then its USD bullish and which means USD will get stronger and will cause EUR/USD, GBP/USD and other pairs to

Result Signal #13

Result from Signal #13:Buy limit Gbp/Usd at 1.9885, TP at 1.9970, SL at 1.9845 = +85 pipsProfit = +85 pipsSept Total Profit = +43 pipsAccumulate Total Profit = +436 pips.

Signal #13

Buy limit Gbp/Usd at 1.9885, TP at 1.9970, SL at 1.9845