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As an FXCM client you have access to our DailyFX+ site, which provides a good deal of currency trading ideas and signals. I write a weekly report with my advice on how exactly to use these signals here: Forex Trading Signals Provided Free for a Limited Time And, as you probably know, the DailyFX+ login page is here: https://plus.dailyfx.com/login/loginForm.jsp
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David Rodriguez is the author of Forex Trading Signals and Forex Trading Weekly Forecast on DailyFX.com. |
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thanks ............. |
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Contrarian View
I think the commodity price crash in one month is larger than the dotcom crash of 2000 by a few thousandfold (by amount). Such a crash could not have happened unless there was some major intervention. It is possible the US forces (e.g. banks) were selling away gold (or shortselling) either to improve liquidity or at the prompt of the government (alternate means of currency internvention). If this is true, such interventions do not last long and one might see a major reversal in commodity prices in coming months. This will send EUR back to 1.6.
Nothing has changed for better in US economy to warrant a USD rally on steroids. All IMHO. |
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You should change your name to EuroBull instead so what you said can come true
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a money management question to jamie:
you mentioned in a article you were trying to pick the top in gbpjpy at around 250 (but in the end you were long, chasing the crowd, that was the story); you said you were putting orders every 50 pips up, could you explain the logic on that strategy, please? if you are right with your analysis you might end up with just one lot short, but if you are wrong, you might end up heavy loaded near even more to your stop. jesse livermore, although a long time ago, never added to a losing position, but pyrimaded while it was evolving, but you are doing the exact opposite? i kind of like JKs two lot strategy (1 lot target=risk) better.. |
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Weekend Question
So I have a few questions regarding the wekend and the open/close of the fx market.
What exactly is happening in the time on Sunday before the open at 5pm EST? The FXCM stream seems to show action but no tradesd are allowed and the market status is closed. What's going on and who is allowed to trade at this point? The market is supposed to be open at 5pm EST on Sunday but it was reported as closed for me on my tradestation till about 5:15pm EST and I still could not trade until then. Is this normal? I had EURUSD and EURJPY short trades open over the weekend and when I first logged in to my account, it was looking pretty ugly. However, right at the 5:15 pm est or so when my tradestation reported the market as open. My trades were suddenly closed at my STOP price instead of the current market. I'm certainly not complaining but I am curious what happened here? |
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sorry if this is not the right question but im struggling with this......can anyone tell me why i cant get into the eurusd thread but i can get in to some of the others........in need of some help please.....this is the error message i get on safari, opera and internet explorer 7.
Safari can’t open the page “Discuss EUR/USD News with a DailyFX Analyst. The error was: “unknown error” (CFURLErrorDomain:302) Please choose Report Bugs to Apple from the Help menu, note the error number, and describe what you did before you saw this messag |
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__________________
David Rodriguez is the author of Forex Trading Signals and Forex Trading Weekly Forecast on DailyFX.com. |
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No trades are taking place on Sunday before 5:15pm EDT. The action is just the banks adjusting their rates. 5:15pm is when the market opens. I'm still not sure about my orders getting filled at way bellow market after the huge gap at open (in my favor) but I guess because they were odd microlots they got "consolidated" with other micro orders... |
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Sorry for the delayed reaction. Yes, the server went down this morning, but it worked soon after it was restarted. (probably no later than 8:20 ET)
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David Rodriguez is the author of Forex Trading Signals and Forex Trading Weekly Forecast on DailyFX.com. |
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