Wednesday, March 17, 2010

Managed Forex Funds

Greetings Fellow Traders...

While looking at some web sites that give free Technical Analysis, I become more convinced that the main reason that these sites, (Usually on trading platforms) give free analysis is that they just want you to trade. It doesn't matter to them in which direction, just trade. Then, if the market does go in the direction they recommend, they are hero's, if not there are a thousand reasons why it isn't their fault. Sound familiar ?????

Hello my name is David and I trade real money in real client accounts. I spend my trading day in front of the screens looking for trading opportunities in what I call "Skiing Behind The Boat". I do not "predict in advance" market direction, use a crystal ball nor do I flip a coin, I will leave that up to the Market Prognosticators.

You will notice, I am not a professional writer or speaker. I do not use a robot nor am not just a technical trader. Although I have nothing but respect for those who understand technical analysis. I do not hold trades for more than a directional run, most runs last from minutes to a few hours.

I trade only one currency pair at a time, usually EUR/USD. (I would rather know the in's and out's of one currency rather than try to know them all). Instead of spending pages telling you what I do and don't do, I intend to tell you what I see and if appropriate I will tell you why I believe what I believe. No lengthy diatribe.

Important: There may be several trading opportunities each day, so it is important to keep access to "Money Makers Edge".


After spending ten's of thousands of dollars on courses, private tutoring, software and gadgets, I found that there is a simple [...]

Forex trading - live day trading course and currency trade room.

S&P 500 Emini Day Trading Gap Thursday March 18, 2010

S&P 500 Emini Futures Day Trading THE GAP [caption id="attachment_2118" align="alignleft" width="493" caption="S&P 500 Emini Day Trading Gap Thursday March 18, 2010"][/caption] S&P Emini 500 Futures trading left an unfilled gap in it's wake Wednesday.  Today's open was 3.50 points higher than the Tuesday close  Market action continued it's bullish behavior on average volume leading into options expiration Friday.  The index remained comfortably above prior resistance at 1150, and did not touched that price at all in today's trading.  Today's close, 1161.75, marks the highest close for the year, the highest close since the March 2009 lows, and the highest close since October 3, 2008.  That's a lot of new high information, and may confirm the overbought condition shown on most time frames.  The effect of options expiration will be gone next week, and the markets may exhibit behavior that will show if a resumption of the prior rally has begun.  Look for resistance at 1200, and support at 1150 for the next few trading days.  Watch for volatility generated by three important reports tomorrow, CPI, Jobless Claims and Philly Fed Survey.

S&P 500 day trading course

Forex trading eurusd support

Forex day trading the Support and resistance set up today held well and targets were taken. Short term trading, will post the support and resistance before London open this evening. [caption id="attachment_504" align="alignleft" width="235" caption="Forex trading EURUSD"]Forex trading EURUSD[/caption]

Forex trading - live day trading course and currency trade room.

Forex trading US open managed funds

• China asks US groups to back currency stance - FT • US Treasury Securitary Geithner stated that China should decide that a move to more flexible exchange rate is in its own best interest. • The BoJ leaves target rate at 0.10% and increases QE to Y20 trln as predicted by Nikkei. The vote was 5-2, Noda and Suda dissent & keeps economic assessment as is. • Australia Jan Westpac/MI leading index tips 6.3% growth, coincident index up to +3.9% • Australia Q4 dwelling unit starts printed at 15.1% q/q vs. +6.0% exp. • New Zealand Q1 consumer confidence index 114.7, vs. Q4 "09 116.9.

Forex trading - live day trading course and currency trade room.

Day trading S&P 500 emini futures live trading room and day trading course's Fan Box