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Us holiday liquidity

khan123 Posted 23 Nov.  in #Trader's blog
The US Thanksgiving holiday is ahead, but traders shouldn't be lax about the risks that still lurk through the system. Key fundamental risks remain and an ill-timed swoon in liquidity could prove a critical problem.
The US Dollar this past week thwarted what could have been a nasty reversal that changed the balance of sentiment.
Markets are looking right through to the end of the first week of December, and for good reason: the ECB has its last policy meeting of 2015; Federal Reserve Chair Janet…
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Samueldc avatar
Samueldc 25 Sep.

Sir, do you have an ea?

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Australian Dollar Drops as RBA Official Threatens FX Intervention

khan123 Posted 13 Nov.  in #Trader's blog
hello traders,
The Australian Dollar plunged in overnight trade after RBA Assistant Governor Christopher Kent said the currency was trading above most measures of fundamental value and warned the central bank has not ruled out FX intervention. The New Zealand Dollar followed its Aussie counterpart downward, presumably amid speculation that an incursion into the markets from Australian authorities would inspire a counter-move from the island nation. The RBNZ has intervened into FX markets before …
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Pound at Risk as BOE Inflation Report Threatens Dovish Tone

khan123 Posted 12 Nov.  in #Trader's blog
hello traders,
The release of the Bank of England’s Quarterly Inflation Report is in focus in European trading hours. The publication has evolved into the central vehicle for announcing changes in UK monetary policy over recent years. With that in mind, traders will be keen to gauge the evolution of thinking on the rate-setting MPC committee vis-à-vis the timing of the first post-crisis interest rate hike considering the latest downturn in UK economic news-flow.
Indeed, data from Citigroup revea…
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JPY-Crosses Following 5-EMAs; AUD/USD Below Support, NZD

khan123 Posted 11 Nov.  in #Trader's blog
hello traders ,
More policy hijinks out of Japan have the Yen on the wires overnight, but the US Dollar isn't benefiting in spades. Risk FX has been supported, mainly in the form of the higher yielding currencies taking some ground back against the lower yielding currencies; both AUD and NZD are off their weekly lows.
While the AUDUSD has started to leak out of its six-week range, NZDUSD has yet to see a discernible break of its flag support. Typically AUDUSD and NZDUSD move somewhat together, s…
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Trading basic

khan123 Posted 10 Nov.  in #Trader's blog
hello traders,
definition of a successful trader is having the ability to do three things:
  1. Make pips
  2. Keep pips
  3. Repeat
If you can repeatedly do these three things, then you're on your way to being a superstar forex trader! But we warn you, it's no cakewalk.
Remember when you were but a little teeny weeny bopper attending grade school?
No?
Well, let us take you through the whole schooling jungle again, but we're doing it FX-Men style.
You'll start schooling by rolling into pre-school with your chocol…
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bharatholsa 10 Nov.

thank you for the info - i will give it a try ))

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khan123 10 Nov.

;)

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Trading as abcd

khan123 Posted 8 Nov.  in #Trader's blog
hello,
First of all just a little bit about me and why I've decided to start my own thread.
I've been trading now on and off for about 5 years. I've tried all the usual stuff training course, following traders here and loads and loads of research and self taught stuff too. I've done all the usual stuff too, doubled my account one day then lost the lot the next day!!! You know all the same old story, but now its different, now I am starting to understand what its all about and I've been having so…
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Bimlesh 9 Nov.

why are you insisting on beating the market, why can't it be possible to be in peace with market ?

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A Crowded Trade?

khan123 Posted 7 Nov.  in #Trader's blog
hello traders,
starting to wonder if the index has gone “too far too fast” as sentiment towards the Buck is once again at or near multi-year extremes. On Thursday, for instance, our favorite metric for measuring sentiment the Daily Sentiment Index or DSI saw extreme readings in theeuro, yen and franc as they all fell to just 3% bulls. Conversely the DSI for the ICE Dollar Index showed a reading of 95% bulls. From a contrarian standpoint, such deep conviction in the direction of the dollar is a b…
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USD / JPY

khan123 Posted 6 Nov.  in #Trader's blog
hello traders ,
USD/JPY - Yen is one of the most traded currencies in the world, especially due to its low interest rate since the Yen is used in carry trades. Recently the Bank of Japan has expanded their purchase of Yen, hoping to overturn the deflation tide to inflation. Doubling this money supply is devaluing the Yen, boosting exports; but, increasing prices of imports at the same time, especially for commodities.
“The biggest (and most obvious) level that sticks out is 115.00/50 (range expa…
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Price & Time: Waiting On USD/CHF

khan123 Posted 5 Nov.  in #Trader's blog
Hello traders,
USD/CHF - The USDCHF currency pair is often called 'The Swissie'. The Swiss Franc is the last Franc still in issuance in Europe. CHF is shorthand for 'Confoederatio Helvetica' Franc, and represents the economy of the neutral nation situation in the center of Europe. Switzerland has long been a key banking center for customers around the world, and the secrecy with which they maintain their banking operations has made them one of the more desireable locations for storing cash. This…
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AUDNZD Post RBA Reversal Update

khan123 Posted 4 Nov.  in #Trader's blog
hello traders,
The AUDNZD has opened the US trading session this morning moving inside of a 35 pip range. Volatility has remained low due to the RBA rate decision being released in line with expectations at 2.50%. Price has moved across the range twice so far, and the pair is currently sitting near range support found at the S3 pivot at 1.1226. In the event that price remains supported, reversal traders can again begin to target lines of resistance. Today’s R3 pivot completes the range identifie…
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