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The market has been pretty slow in the first few days, the true ranges have been low and generally not seeing any urgency either way, bulls or bears. The USD has strengthened somewhat in the first few days and it may just be that Risk Aversion associated with buying the Japanese yen is subsiding. Personally I cannot see the reason for buying Yen against anything at the moment and wonder where this idea came from. Continue reading Winning the Day Trading Game in 2010 Forex and Indices View. Equity markets rallied yesterday after lower than expected retail sales and an aweful Empire State Manufacturing Index reading. We saw a small spike to the downside but the markets then continued their bullish run, the Dow rose over 100 points and the USD continued to weaken. Continue reading Currency and Futures – A quick glance at the state of the Market Time and timing in day trading, when is the best time to trade and how to time it? Continue reading Time and Timing in day Trading We had a cracking trade on the Dax on Friday as the University of Michigan sentiment was released. The expected figure was 69.1 but it came out as 63.2, a massive 5.9 deviation, this triggered my ‘Fast Economic News’ software Continue reading University of Michigan Sentiment – Friday Aug 14 – 70 points profit Using the fast economic news software was able to make 27 points on DAX short filled by the software. Further scalping after the news yielded another 15 points on DAX, so all in all not a bad day. The figures were mixed as previous month was revised up and the Unemployment rate was less than [...] Continue reading Non Farm Payrolls July 2009 |
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Webring - Forex
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