feedburner
Enter your email address:

Delivered by FeedBurner

Fed Policy to Refuel Risk Trades?

Posted by Lloyd Categories:

During the last two months, all asset prices have risen sharply. Are we going to see a continuation in this trend or a turn around?

Prices on Sept 4:
Dow 9441.27
EUR/USD 1.4293
GBP/USD 1.6389

Prices now (2 months later):
Dow 9802.14 (+360 pts)
EUR/USD 1.4875 (+582 pts)
GBP/USD 1.6555 (+166 pts)


Thursday, November 05, 2009 | 12 Comments

Late US Non-Farm Payrolls Trade Setup

Posted by Lloyd Categories:

Short EUR/USD at 1.4308 (SL @ 1.4408)

Short GBP/USD at 1.6394 (SL @ 1.6494)

I am hoping to fetch 60 - 80 pips each from these two positions. I will carry them till Monday if necessary. If profitable, I will post my chart and analysis for this type of setup.


Update: I shorted EUR/USD and GBP/USD once more at these levels - 1.4348 and 1.6420 on Monday morning. Exited the two GBP/USD shorts at 1.6340 and 1.6330 late afternoon. Targets as envisaged. Plus I wanted to reduce risk exposure at this point since EUR/USD seemed to be well-supported. EUR/USD could move higher Tuesday morning but I am going to hold. Hope my gamble pays off.

Update 2: Oh well, a gamble lost on the EUR/USD positions as the price exploded higher at the London opening.

Friday, September 04, 2009 | 9 Comments

Back from Two-Month Long Holiday

Posted by Lloyd Categories:

A warm greeting to all, just a quick update that I had a really long summer vacation as I prepared for the arrival of my newborn baby. And time flew by really quick and I am now a proud father of a two-month baby boy.

Since I'm back to work, I will be running my intraday daytrading systems again next week. I think I really need to diversify my forex income (away from long-term/ drawdown approach). I always want to grow my account via limited risk trades. I have already done all the hard work fine-tuning my systems in the past and all I need now is effort, discipline and patience.

Wednesday, August 26, 2009 | 5 Comments

Subscribe to: Posts (Atom)