Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

Obsidian

Market Wizard
  • Content Count

    1883
  • Joined

  • Last visited

Everything posted by Obsidian

  1. Obsidian

    CoT Charts

    JPY Chart (Weekly CFTC Commitments of Traders Report)
  2. Obsidian

    CoT Charts

    GBP Chart (Weekly CFTC Commitments of Traders Report)
  3. Obsidian

    CoT Charts

    EUR Chart (Weekly CFTC Commitments of Traders Report)
  4. Manual trading...especially when market is in a cautious stance...even rumors can cause 50-60 pips volatility these days..
  5. During days like this, I just sit back and watch. It is hard to predict how markets will react to important news. Don't have to be in the market all the time We are around key levels, let's see how this week will end. I will update my charts tomorrow.
  6. Buyer willingly agrees to buy, seller willingly agrees to sell...who is robber?
  7. Graphic: How exchange rates could collapse after a Euro break-up - Telegraph BBC News - Eurozone debt web: Who owes what to whom? old articles but anyway things don't change too fast...
  8. Obsidian

    AudUSd

    remaining 1/3 stopped at be... hmm and gold is very bullish...
  9. Looks like Bernanke didn't say anything new...still 1.32 is tough to break so closing 2/3 position here and moving sl to 1.3160
  10. Obsidian

    Intervention

    I think there would be a huge dive if we go below 1970 you can check open orders on this chart
  11. Obsidian

    AudUSd

    closed 2/3 for 35 pips, moved sl to be
  12. What is moving the market: Chinese Premier Wen Jiabao says China is considering greater involvement in EFSF and ESM to support Europe's efforts to stabilise euro...
  13. Obsidian

    Intervention

    Unless it is a joint intervention, BoJ fails by acting alone. Their previous interventions (recent ones; March, August, October) failed big time. Lately they prefer verbal intervention or try to slow yen's strength. Personally I don't touch USD/JPY...Sometimes it consolidates in a small range for days, you never know when or if BoJ is coming. SNB, on the other hand, gives a certain level. At least we know the level which they want to protect. I am in @ 1.2046 with a stop at 1.1970, will add another small position if it comes to 1.2000/20...tp@1.2200
  14. Obsidian

    AudUSd

    Today reached 1.0750 resistance...My money will be on the bulls, but not until they pass that level
  15. You can practice on a demo account to get your feet wet. Get familiar with the markets first before you start reading. I think learning process goes faster if you know how things work. There are lots of free educational sources, e-books on the internet, those sources can be very useful too.
  16. Don't blame me, blame the ones who draws these cartoons
  17. USD/CAD: The pair can't pass 1.0070 so it slipped below parity... USD/CHF: 0.9225 is a tough nut as we can see. So I am going with the bears... GBP/USD: 1.5770 is broken and I am following the bulls... EUR/USD: 1.3230 is still a strong barrier so I am not touching this pair at the moment...
  18. You can check trading resource section on the forum. There are book recommendations, reviews which would be very useful for you. After learning the basics, you can start trading on a demo account to see how things really work. Watch, observe and apply what you have learned.
  19. Can Germany afford to have their strong currency back?
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.