What's your view/opinion on today's market movements?

[samijaser]

It is best for a bigenr to start bussines with the lowest account chose brokers how offers picolots (about 1/10 cent/pip). you may start with those at $10 or $20 and it works good.

 

[RahmanSL]

Some analyst maintained strength in the AUD and weaknesses in the EUR & USD.

Any predictions on the AUD/USD & EUR/AUD for today?????

I am, and will be for all day today (in fact, has been so since two weeks now), longs on the AUD/USD and shorts on the EUR/AUD....however, I will be scalp trading today, and closing out those running positions as they go into some profits along with the accumulated daily positive swaps.

 

[RahmanSL]

UPDATES:

Since re-funding and re-starting trading account on 12/April/2014, ending last Friday,30/May/2014, trading week, my profit is now 189.23% over total deposits.....equity & free margin are at reasonably healthy level (over 576%) with many trades still left running racking in daily positive swaps of AUD136.98 x 365 days = AUD49,997.70 accumulative positive swaps if left running for one whole year.

 

[dkami]

Anyone jumping in long on gold?

I'm long @ 50fib ($1287.25) retrace on W1 and will take another buy @ 61.8 and 78.6 1st targeting $1392 with SL below low ($1182.43)

I suspect could get a bounce from here as H4 in oversold then another leg down giving bullish divergence on D1 which is when I will really start to load up

this is a W1 trade for me so could take some time to play out

Sive given some nice analysis on gold which I agree with as well(Sive explains it much better than I care too)

OK here's my update for gold which in my view has played out as I expected this far, O and I did say this could take some time to play out as it's a W1 trade

Got the bounce off H4(got some nice pips off that) and now the leg down on D1 giving bullish divergence

I hold 3 entry's $1285.99(50fib) $1262.50(61.8fib) and I took another one 2 days ago @ $144.86 and still have limit buy @ 78.6fib

Now time for me to kick back and see how this plays out over the next couple of months

O long on silver too

Edit: Sorry error, the buy 2days ago is $1244.86 and not $144.86

 

[RahmanSL]

Hi dkami.....nice stats on gold, but I am not touching gold anymore cause have been burned too many times in the past

I did took a couple silver on the low side of 18.6 levels but have since closed them out in some profits

I am trading mostly USD/ZAR for daily positive swaps and have quite a numbers of longs on AUD/USD since 17/May/'14 and hope to close them out soon in some profits.....but these running positions hav been giving me some good daily positive swaps while I wait

 

[RahmanSL]

UPDATES:

I decided to take some risk just before the ECB decision on rates, but to protect account in case I got it wrong (i.e that the ECB will cut rates), I pump-in some more deposit to shore-up the equity. So, ending this week, the percentage gain will be different and less than last week due to increase total deposits.

As such, if based on initial re-funding and re-starting trading account on 12/April/2014, ending last Friday, 6/June/2014, trading week, my profit would have been 243.72% over total deposits....

However, with additional deposit, ending last Friday, 6/June/2014, trading week, my profit is only 165.33% over total deposits....
....equity & free margin are at very healthy level (3,757.87%)....I have closed out a lot of positions which went into pretty good profits after the ECB interest rate cut and the below expectation on NFP.........I have re-opened some more positions and left many trades running racking in daily positive swaps of AUD72.38 x 365 days = AUD26,418.70 accumulative positive swaps if left running for one whole year.

========================
For whole of next week.....and possible for the whole of this month.... I will try to trade exclusively on short positions on the USD/ZAR cause it's much easier to trade as I don't have to worry much on whether the positions will go into immediate profits since I will happily leave the opened positions to run to accumulate daily positive swaps while waiting for the positions to go into profits.

 

[John Sachman]

This has been educational for beginners like me... thanks

 

[RahmanSL]

This has been educational for beginners like me... thanks

...hehehe...glad to know that I have at least one "adoring and diehard" fan.......and am happy and trilled to bits to know someone actually take note of my trading style

After more than 4 years of mucking around with the forex market, I concurred with our FPA commander-in-chief Felix that "making money from the forex market should be boring".

Our main purpose & focus in trading the forex market is, and should be, to make money and not, like so many have and are still doing, taking on high adrenaline filled trades in forecasting/predicting and, indeed, gambling that the market will move in a certain direction.

As long as I stick to what I am doing now....abstaining from greed & over-trading......there is no reason why my account cannot continue to grow steadily and progressively through the months and years ahead.

Yes, it can be, and is extremely boring trading this way, but the end results is what's important;right?

Cheers and all the best!

 

[RahmanSL]

UPDATES:

If based on initial re-funding and re-starting trading account on 12/April/2014, ending last Friday, 13/June/2014, trading week, my profit would have been 290.31% over total deposits....

However, with the additional deposit, ending last Friday, 13/June/2014, trading week, my profit is only 201.30% over total deposits....
....equity & free margin are at very healthy level (2,963.71%).... running trades take in daily positive swaps of AUD92.82 x 365 days = AUD33,879.30 accumulative positive swaps if left running for one whole year

Damn! I must be doing something right after all!

 

[dkami]

OK here's my update for gold which in my view has played out as I expected this far, O and I did say this could take some time to play out as it's a W1 trade

Got the bounce off H4(got some nice pips off that) and now the leg down on D1 giving bullish divergence

I hold 3 entry's $1285.99(50fib) $1262.50(61.8fib) and I took another one 2 days ago @ $144.86 and still have limit buy @ 78.6fib

Now time for me to kick back and see how this plays out over the next couple of months

O long on silver too

Edit: Sorry error, the buy 2days ago is $1244.86 and not $144.86

With gold playing out exactly how I expected since my first gold post in this thread and with all my buy entry's now in good profit I have decided to get out of my low entry ($1244.86) @ $1320.00 with 751pips

Just couldn't resist, nobody's perfect