Results, 20 Sept 2005
Hi there all!
Another interesting trading day, with increased volitility shown from Monday in just about all currency pairs. The US Federal Reserve increased interest rates by 0.25% which resulted in a sharp rise in most of the US pairs late in the US session. I was not awake to catch it, but it shows that it make sense to pay attention to the major news announcements, not to just rely on the charts by themselves. I have several links in the "Links" section (fancy that!) where you can find the latest forex news as well as see a calendar of upcoming news announcements so be sure to check them now and then.
Ok as for my trading day, it was a funny, and profitable one. Once again starting with a loss, things were looking slow for me, I held most of my trading off till the opening of Europe, which, if you ignore the host of rubbish trades right on its opening as I tried to get on the right side of the upcoming move, proved to be a very successful one. I closed my European session at +93 pips which was fantastic, some mid US session trades were neither here not there, with a late trade on the USD/JPY close to the FED interest rate announcement a silly one on hindsight, really should have waited for the news before trading any USD based currency.
Ok enough about me, time to pass on two links gathered from the chat room of Marketiva yesterday.
Phildunn's e-book collection
The first, from user phildunn, is his personal collection of Forex e-books, which is an excellent resource and well worth a look at. There is a host of books there for you all to read so have a look. One that you might want to have a quick look at there is Forex Report - When to Trade, which shows you which of the major currency pairs are the most active, a great resource to use when picking which pairs to trade depending on when you are active in the markets.
World Clocks
Passed on by peterb yesterday, it is a great little piece of software that lets you see the times all around the world, customizable, it is a great way of keeping track of the different market times. Thanks peterb, a little gem.
Well that is about it from me, I will be writing another article very soon, so be sure to vote in the poll on the main page as to what you would like to see as the next article topic.
Happy trading!
Today's result: +88 pips | Overall: -33 pips
Another interesting trading day, with increased volitility shown from Monday in just about all currency pairs. The US Federal Reserve increased interest rates by 0.25% which resulted in a sharp rise in most of the US pairs late in the US session. I was not awake to catch it, but it shows that it make sense to pay attention to the major news announcements, not to just rely on the charts by themselves. I have several links in the "Links" section (fancy that!) where you can find the latest forex news as well as see a calendar of upcoming news announcements so be sure to check them now and then.
Ok as for my trading day, it was a funny, and profitable one. Once again starting with a loss, things were looking slow for me, I held most of my trading off till the opening of Europe, which, if you ignore the host of rubbish trades right on its opening as I tried to get on the right side of the upcoming move, proved to be a very successful one. I closed my European session at +93 pips which was fantastic, some mid US session trades were neither here not there, with a late trade on the USD/JPY close to the FED interest rate announcement a silly one on hindsight, really should have waited for the news before trading any USD based currency.
Ok enough about me, time to pass on two links gathered from the chat room of Marketiva yesterday.
Phildunn's e-book collection
The first, from user phildunn, is his personal collection of Forex e-books, which is an excellent resource and well worth a look at. There is a host of books there for you all to read so have a look. One that you might want to have a quick look at there is Forex Report - When to Trade, which shows you which of the major currency pairs are the most active, a great resource to use when picking which pairs to trade depending on when you are active in the markets.
World Clocks
Passed on by peterb yesterday, it is a great little piece of software that lets you see the times all around the world, customizable, it is a great way of keeping track of the different market times. Thanks peterb, a little gem.
Well that is about it from me, I will be writing another article very soon, so be sure to vote in the poll on the main page as to what you would like to see as the next article topic.
Happy trading!
Today's result: +88 pips | Overall: -33 pips
This entry was posted
on Wednesday, September 21, 2005 at 8:21:00 AM.
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Posted byWednesday, September 21, 2005 5:45:00 PM
Nice world clocks :D
Posted by
Wednesday, September 21, 2005 6:10:00 PM
great looking blog, wasn't aware what u can do with blogspot and a litlle CSS, going to try and upgrade mine aswell
Posted by
Wednesday, September 21, 2005 11:02:00 PM
on a more profound look it seems more complicated than only css...what/how did u created such a interesting piece of website?
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