Daily Archives: May 2, 2009

The U.S. dollar rose against the Japanese yen and other major currencies on Thursday after data showed a decline in jobless claims, suggesting that the worst of the American recession may be over. The USD was last up 0.2% against … Continue reading →

EURUSD is still moving in a downtrend channel. Only breaking of 1.3400 resistance level will convince me that this downtrend channel formation has broken. So when I will be placing my stop above 1.3400. Both MACD and Stochastic have signal … Continue reading →

“Thank you for the patience during the 2 hrs plus session (one-to-one coaching session). It was a eye opening for me into the technical analysis on the indicators. You have given me good practical advise on the trading for a … Continue reading →

1. AUDUSD: 34 Pips Profit I had closed my position at 0.7286, 34 pips profit. Original trade: Shorted AUDUSD at 0.7320 Stop level at 0.7400 Target level at 0.7040 2. AUDUSD: 124 Pips Loss Stop triggered. Original trade: Short AUDUSD … Continue reading →