Fundamentals come into play this AM
Posted on Thursday, April 22nd, 2010 at 3:11 pm.
Alot of the Fundamentals have come into play and has focus the EURUSD drop and continuing the downward trend. And then looking at the USDCHF doing the exact same but going on the uptrend. Forex market having some big moves today and alot of the fundamentals are coming into play. Trading with the Major trend and your the trend is your friend is what they always say. Trading with correct money management as well so for those that are using magic stick and trading with this tool will help you manage your trade which alot of us will experiment emotions in the market.
The Trend is your Friend
Posted on Friday, February 5th, 2010 at 3:32 pm.
The market from the begin of next week should be continuing the major trend. The NFA Reports acted really different this time. If you are looking for safe trades with the Forex during news there are time when it looks like its going to go one direction then it is easily to get in the wrong direction with the currency because it’s like a head fake.
With the Non farm pay roll reports it’s always good to sit on the side line and let the market settle down then make your trade with the trend. I would believe alot of the pair will go too some extreme levels so if you see it pop up don’t get faked out and don’t chase the candle a good chance it will come back into the original trend.
