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Is The Market Crazy Or Is Just Me.

Hi everyone,I have been trading for around 4 months now.My trading style:Fibo Retracement after a big bullish or bearish rally (around 140~350 pips) then some consolidation if posible then i go long or short for 61% target but with a trailing stop of 50% retracement. Indicators RSI and MACD, MA 55, MA 21, MA 200> for trendI have been doing this

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Market Wrap Up

ForexAmericas Market Update www.forexamericas.com Market Wrap up for January 9, 2009 by James Whyte Market View To wrap up this week of trading the US reported Non-Farm payrolls and unemployment rate. Coming in at -524k from a forecast of 520k and pushing the unemployment rate to 7.2%. Given the importance of this economic data, volumes have bee

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Does The Market Trade Against You?

Hi TradersHow are thing going with you...Have you ever felt like the market is just waiting for you to enter, then it goes the other way? Then just as you get out, the market seems to reverse and go exactly where you thought it would when you entered? It almost seems that the pros know where your emotional decisions will be made, then they trade ag

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GFT Daily Market Commentary

Forex Market Commentary for October 23, 2008 by Cornelius LucaGFT Daily Market Commentary As expected, the dollar rallied further on Wednesday, surging again versus the European currencies and the Canadian dollar and fall against the yen. The moves are overdone, but stay with them until you have proof of a pause. Euro/dollar The euro/dollar plung

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GFT Daily Market Commentary

Forex Market Commentary for October 1, 2008 by Cornelius LucaGFT Daily Market Commentary The dollar surged across the board on Tuesday on expectations that the House of Representatives will actually pass the TARP as early as Thursday. The equity indices recovered nicely after being obliterated a day earlier. Do we still need a TARP? Illiquid market

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GFT Daily Market Commentary

Forex Market Commentary for October 24, 2008 by Cornelius LucaGFT Daily Market Commentary Once again, the dollar rallied further on Thursday versus the European currencies and the Canadian dollar while falling sharply against the yen. The moves are even more overdone, but hold on to them until you have proof of a pause. Euro/dollar The euro/dolla

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GFT Daily Market Commentary

Forex Market Commentary for September 30, 2008 by Cornelius LucaGFT Daily Market Commentary The appetite for risk imploded on Monday after the House of Representatives unexpectedly rejected the $700 billion TARP and the S&P's 500 Index tumbled the most since the 1987 crash. The price of oil collapsed amid expected lower demand, but th

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GFT Daily Market Commentary

Forex Market Commentary for October 31, 2008 by Cornelius LucaGFT Daily Market Commentary The dollar paired losses versus the European currencies and managed to close higher versus the lower yielding franc and yen. Trading remains impaired by low liquidity and the end of month on Friday won’t improve conditions. The contraction for third

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GFT Daily Market Commentary

Forex Market Commentary for October 30, 2008 by Cornelius LucaGFT Daily Market Commentary An early rally in the US indices and ongoing profit taking in FX triggered another massive slide on the dollar against the European and the commodity currencies, and a dollar/yen rally. Once the Fed met the market expectations and cut rates by 50 bps to 1%, s

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GFT Daily Market Commentary

Forex Market Commentary for August 4, 2008 by Cornelius LucaGFT Daily Market Commentary The better than expected non-farm payrolls sent the dollar higher on Friday versus the European and commodity currencies, but a bouncing oil price and profit taking tempered gains. Dollar/yen remained under pressure. The risk for the dollar is on the downside on

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