Weekend Forex Thoughts

Although it is the weekend, I can't help but think about trading.One of the things I've noticed recently is that the EURTRY pair is much less influenced by Wall Street. The DOW is flying all over the place, dragging the AUDJPY and related pairs up and down the charts, while the EURTRY drifts sedately instead.However, a caution, the EURTRY has historically had some very violent and large moves

AUDJPY Reversals

Wow, what a roller coaster!Yesterday saw a massive downturn, followed by this morning's upturn... and then a slow fade back down during the day.I'm happy to report I was able to recoup my losses from yesterday on the upturn, and then incredibly was lucky enough to unload near the peak. Sweet.As you might understand, I'm a little nervous about committing capital to the market at this point.

Recent Non-Success

Today's fed announcement caught me with an unprotected position. Needless to say, as the floor dropped out of the AUDJPY market, I was given a bit of an unpleasant ride.However, I didn't blow up my account, so hopefully things will settle down and drift towards "the middle" so I can get out without too much pain.

Forex Day Trading System - How does Oil Prices effect Forex market?

Forex Day Trading System - Does Oil Prices effect Forex market?Yes, they truely do..Oil price has good, if not strong, coorelation with the currency pair movement. The movement of oil price in any direction is due to the demand and supply. If the demand of oil is more, the price will increase else otherwise. Since, USA is not a producer of oil, increase in demand will essentially mean that USA