Daily Archives: February 2, 2010

AUDUSD: Open Buy Trade

Posted on February 2, 2010 by BL Trading Team

Good support at 0.8750 MACD and Bollingerband has signal buy Buy AUDUSD at 0.8804 Stop level at 0.8740 Target level at 0.8895

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FX: Economists Vs Technical Analysts

Posted on February 2, 2010 by BL Trading Team

There are two schools of currency forecasters – the economists and the technical analysts – and their methods are radically different. The economists have academic respectability and intellectual recognition. Sometimes however the technical analysts have the greater influence in the … Continue reading →

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Comment from my student

Posted on February 2, 2010 by BL Trading Team

Caleb had enrolled for our forex education program and he had also purchase our forex software tool. He had just sent me an email informing me that he is getting the same signal as me. So this means that he … Continue reading →

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AUDUSD: 80 Pips Profit

Posted on February 2, 2010 by BL Trading Team

RBA is going to announced interest rate decision in the next few hours. Price may go up or down drastically after the announcement, we do not want to take risk. Closed our position at 0.8916, profit is 80 pips. Original … Continue reading →

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AUDUSD: Open Buy Trade

Posted on February 2, 2010 by BL Trading Team

AUDUSD has a support at 0.8750. Bollingerband and MACD  are turning towards buy signal. Tomorrow Reserve Bank of Australia is likely to increase interest rate hence this will provide support to AUDUSD. Buy AUDUSD at 0.8836 Stop level at 0.8845 … Continue reading →

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