Forex Stock Trading
Wednesday 23 February 2011
Dollar, Gold and Oil - the correlation
This is an interesting perspective on the correlation between the US Dollar, Gold and Oil. It is often thought that Oil is a great driver of the price of Gold and the influence of Oil (the Black Gold!) on the Dollar.
Sunday 7 November 2010
AUD/USD (Australian Dollar/Unied States Dollar) and AUD/JPY(Australian Dollar/Japanese Yen)
I have placed 2 orders in the market to buy the following currency pairs at the following prices -
AUD/USD - 10157 and and AUD/JPY - 8253.8
I am looking at least for a 50 pip profit on each of these trades. I have selected these currency pairs based on the analysis using my trading strategy. Will see how the trades progress in the next few days.
AUD/USD - 10157 and and AUD/JPY - 8253.8
I am looking at least for a 50 pip profit on each of these trades. I have selected these currency pairs based on the analysis using my trading strategy. Will see how the trades progress in the next few days.
Wednesday 3 November 2010
130 Pip Profit - GBP/USD (British Pound/US Dollar)
I have closed my trade on GBP/USD at 16130 (which I opened on Sunday night) for 90 Pip profit.
Although my target was 70 pip profit target, as the move was volatile I trailed the stop. Could have picked up another 15/16 pips but as it started to retrace thought it best to close the trade.
Although my target was 70 pip profit target, as the move was volatile I trailed the stop. Could have picked up another 15/16 pips but as it started to retrace thought it best to close the trade.
Tuesday 2 November 2010
60 Pip Profit - NZD /USD (New Zealand Dollar/US Dollar)
I have closed my trade on NZD/USD at 7723 (which I opened on Sunday night) for 60 Pip profit.
I still have the GBP/USD (British Pound/US Dollar) trade open with a 70 pip profit target.
I still have the GBP/USD (British Pound/US Dollar) trade open with a 70 pip profit target.
Sunday 31 October 2010
GBP/USD (British Pound/US Dollar) and NZD /USD (New Zealand Dollar/US Dollar)
I have placed 2 orders in the market to buy the following currency pairs at the following prices -
GBP/USD - 16040 and NZD /USD - 7663
GBP/USD appears to have broken resistance at 16000 so could be a good move. I am looking at least for a 70 pip profit on this trade. If the move is volatile, I might trail the move with the stop loss.
I have selected these currency pairs based on the analysis using my trading strategy. Will see how the trades progress in the next few days.
GBP/USD - 16040 and NZD /USD - 7663
GBP/USD appears to have broken resistance at 16000 so could be a good move. I am looking at least for a 70 pip profit on this trade. If the move is volatile, I might trail the move with the stop loss.
I have selected these currency pairs based on the analysis using my trading strategy. Will see how the trades progress in the next few days.
Saturday 30 October 2010
Bonds rise and Dollar slips
Amid prospects of more Federal Reserve monetary easing next week, Bonds rose and the Dollar slipped. This possibility coupled with the outcome of the US elections is likely to have some bearing on the major currency pairs.
Will be monitoring soon after Wednesday to identify trading opportunities.
Will be monitoring soon after Wednesday to identify trading opportunities.
Thursday 28 October 2010
Royal Dutch Shell Plc looking good
A good earnings report from oil giant Royal Dutch Shell helped the UK FTSE 100 index rise this morning. Among regional indexes the U.K. FTSE 100 index was the best performer.
I will be monitoring Royal Dutch Shell stock in the next few days to place a buy order. The company has good fundamentals and technicals. There was a 88% rise in third-quarter profit for the stock as oil and gas production rose
I will be monitoring Royal Dutch Shell stock in the next few days to place a buy order. The company has good fundamentals and technicals. There was a 88% rise in third-quarter profit for the stock as oil and gas production rose
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