hunter, correction, JPY is weak - weak just like what japanese wanted it to be. therefore, they are very much confident with their new PM.

consumer confidence today

GBPUSD already retraced, EURUSD hasnt.. Conclusion: Weak EUR on account of that IFO number earlier. Holy Crap! Attention was with EURUSD, GBPUSD; anyone watching USDJPY? 10:45, Heads up: GBPUSD starting to move down. FYI: USD Index is doing better ...

consumer confidence today

I have done some research on what this group is doing. basically its a straddle group. nothing more. on another part, they have a CheckMate EA. Basically placing buy and sell orders continuously... At first I thought hey, its like Pivot point ...

Lets Trade The News V 0.2 !

I agree with your view. And even with a rate hike, USD fell last Jun. however, a long EURUSD is not instant and along the way, we'd still encounter other fundamentals such as ISM, NFP that greatly affects USD for a day or two.

Lets Trade The News V 0.2 !

Consensus is 103. EUR has a similar data showing low EZ confidence. Its best that US Consumer Confidence were to come out 104++ This will move EURUSD/GBPUSD down strongly! But what if its lower than 103? Housing was a "not so bad after all" and USD ...

consumer confidence today

What I wanted to do is BUY GBPJPY on an interest bearing Broker, then go short GBPJPY on a 2nd non-interest bearing broker.. Is this also known as Interest Arb? Can anyone explain this "Interest Arbitrage" as compared to what I was trying to do? ...

carry trading with broker

There was indeed a retrace! and then a down move again! Unfortunately, I had to bring my mom to a hospital so I was not in the ride. BTW. Seems that the broker simply had a glitch. Trade records were back right now and the 1 pip profit still intact. ...

Trading the NZD Trade Balance

My 1 pip profit trade dissapeared!? All orders for the last hour dissapeared also.

Trading the NZD Trade Balance

seems like there is a retrace.. oh well 1 pip! it did not reach my TP so I closed it manually for 1 pip profit (it should have been more pips... the broker closed it at 1pip)

Trading the NZD Trade Balance

4 previous charts show no retrace; no retrace also on other NZ news.

Trading the NZD Trade Balance

i'd try to catch a down move with a small lot only. IBFX's widen spread is difficult to play with now.

Trading the NZD Trade Balance

I am indeed. Hey summitfx, I like your Fibonacci Pivot system! 1.8996 exit on the short was twice accurate Back to GBPUSD... I dont have historic data (i only reviewed 30 minutes before and after...) to further predict what to happend from now on ...

US Existing Home Sales

Last week, I started learning Pivot Point Systems. Over at the Forex Discussion, summitfx brought up his great "Fibonacci based Pivot Point system".. It accurately predicted 1.9063 (strong R2 resistance), 1.9022 (Pivot), and 1.8996 (1st Support). ...

US Existing Home Sales

I only managed a +14 on the buy. If history repeats itself, EURUSD/GBPUSD could go down again.. though it was bad, some could see it as "ummm, hey its not that bad"... PS. I have a TTN (DEMO again), they released the news, and the move started a few ...

US Existing Home Sales

usd gained strength as the result was better than consensus. however, the number is still absolutely USD bad... so I went buying when it dipped. LOL! i forgot to increase the TP.. it exited with +14 PS. IBFX increased the spread to 9 pips... surely ...

US Existing Home Sales

I just done a historic chart research on Existing Home Sales (unfortunately dont have time to post them all here for today). I noticed that: 1. If the currency pair has made movementrs in the last 15 minutes coming into the news time, the response ...

US Existing Home Sales

Hmmm... perhaps there is reason why US needs to look at this piece of indicator indeed. Its not about production, but how the economy moves. @abobtrader, since you are on the trade floor, what is the market chatter on the current state of USD? are ...

US Existing Home Sales

Pardon the ignorance, from my understanding, "New Home Sales" are sales derived from newly constructed houses while "Existing Home Sales" refers to old houses. Is this correct? So, what is the significants of "Existing Home sales"? Let say Person A ...

US Existing Home Sales