Recent content by Yan Qing Chen

Ok, I just added my weekly prediction for this week on Facebook. It is a pretty bold prediction of a 500 plus pip movement by Friday. Also, I added a photo album called "Forex unbelieveable screen shots". I guarentee you that you will not believe what you see. You have to see it to believe it...

Hi all, I just created a facebook account dedicated to Forex trading. Yan Qing Chen | Facebook Please come visit me and add me as your friend if you have a facebook account. I would like to start a network of Forex traders on facebook. We can post and view monthly trading statistics...

Gotta Short Gbpusd, Long Eurgbp, Long Eurusd Right Now!!!!!! LoL :) After the lame British interest rate cut and the speech I can totally see EURGBP going to 1.03 or above. Don't get me wrong, I don't mean that EURUSD won't be going to 1.00 as sir pip has been calling. In fact I've been...

A modest profit for the holiday week. EURGBP didn't quite get there to 96.30 but close enough. Well, thats holiday trading, prices move so slow .... Well, I'm going to stop my weekly forecast to focus on next year's trading. The way I see it, next year is going to be so volitile that I can't...

To my surprise the price action seemed pretty good today. I added long positions in USDJPY and USDCAD. The distribution of my trades are about the same. I plan to hold EURGBP to friday close and hold USDJPY and USDCAD to Wednesday close. So rather than having a price target for this week, it is...

Last week hopefully some people avoided the disaster in EURUSD and Crude Oil like I did. However EURGBP would be a big winner at the end. Like I said before, as long as EURGBP is your main play and consisted of over 50% of your trades you should be fine. As for me, I exited early and avoided the...

Sigh ... I just exited all my positions. I think this is the correct move. First of all I don't like how EURUSD twice took a charge at 1.42 only to trace back over 120 pips almost instantly everytime. Also about the Fed rates comes out surprising everybody, market was up huge during the day but...

OK, big day today. I made some money on the EURUSD pair. But that pair is sort of like my side bet for this week. I bought some more hoping to see 1.42 in 48 hours. I also bought some Crude oil today. The EurGBP pair is still my main play this week because it is clearly that EUR is a huge favor...

This week my prediction is the EURGBP pair will go up. My target is $0.9360.

A recap of this week's trading: Started the week long Oil and exited on Wednesday when the republicans say they are blocking the bailout. Made some profits here. Turned short oil and exited Wednesday night when the house pass the bailout. Made a tiny profit here. Turned long and exited at...

............ today did not see the blood bath in the stock market which I expect from the failure of the auto bailout plan. I exited my short position at $44.67 and is now long AGAIN .... I'll exit the long position at the end of the day no matter what the price.

OMG THEY ACTUALLY KILLED THE BAILOUT!!!! I exited my long positions at $45.66 and am now short again.

I got in long again at $46.94. I'll probably buy some more if it goes below $46.50. My target for Friday at close is $49.75.

Great day. Hit my target. I exited at $48.75. Looking to get in long position again at $46.50. If I can get in, great. If not its ok too.

Ok ... so the house pass the bill. I exited my short positions and am now long again. LOL. Wild emotional roller coaster this week so far. My target for Oil is now $49.