Trading Week Recap

It's been a great week. I've been able to apply a new strategy dealing with negatively correlated pairs and I've also been able to put together a couple of reasonably successful days by working to curb my greed and waiting for appropriate entry times based on my signals.How successful were these last couple of days?Yesterday I increased the NAV on my high risk account by ~5.6 percent. Today I

Overcoming Greed

No, I'm not here to tell you that I've overcome greed.However, I can tell you how damaging it is to let greed get involved in your decision making process. Generally, it works like this:You see a pair moving in a direction, let's say up, and you want aboard before the big move.You grab a piece of this pair right then, so you won't be left behind.You look at your charts and see that you've bought

Forex Fun and Profit with Correlations

What is the first thing that comes to mind when you think of Forex trading? I'm willing to bet that it isn't fun.Well, recently I've been enjoying trading a little more than usual.While doing a bit of reading I found a link talking about currency correlations. Go take a look at the charts provided (scroll down a bit). Notice anything? Generally, when a currency pair you are holding rises or

The USD poised off resistance

The USD has been strong, though it remains to be seen if it will break 108.2. I think not given the weakness in the market. I think the Fed will lean towards a rate cut rather than concerns about inflation. Its first priority will be growth, and whilst it might talk about raising rates to deal with inflation, the reality is that most of the money supply imbalance will be corrected by insolvencies and reduced speculation (debt liquidation) rather than interest rate increases. Why? Because the Fed will be taking its time to raise rates. It will talk about it but the reality is - the economy always gets primacy. The case for this is stronger close to an election -even if Bernacke suggests otherwise. The notion that the Fed is independent is a crock. We just need a fall below Y105 to correct market perceptions.

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Andrew Sheldon www.sheldonthinks.com

Open Project is Ended

After 2 months from the Project started, now we already had a winner for the open project EA. As we can see at the left picture, Kuasa Forex Strategy is the most popular choice but unfortunately it was cancelled due to request from Marcell, the one who brought it into poll. So, I have to stay on the track for eliminating Kuasa Forex and choose GBP/USD Daily as the winner.But don't be worry for