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Month: September 2008

Largest Single Day Drop in the History of EUR/USD

There is just too much news to talk about tonight in depth so I’ll give you the key points: -S&P 500 up 5.27% today on optimism that the $700bb bailout plan will go through, recovering
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Dennis Gartmans 22 Rules of Trading

For those of you who don’t know anything about Dennis Gartman, he’s been writing “The Gartman Letter” since 1986. It’s a newsletter that is widely-subscribed to by banks and fund managers all over the world.
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Bailout Resolution in Sight – Dollar Becomes the Next Victim

Bailout resolution hopes are initially seeing a stronger dollar tonight, as discussed in the last update. In the greater scheme, looking for continued dollar weakness in light of these deteriorating conditions and an expected increase
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Another U.S. Bank Bites the Dust/Bailout Lingering – How it will affect the currencies

Big news out tonight is the JP Morgan acquisition of Washington Mutual here in the U.S. , but for some reason Lindsay Lohan’s coming out of the closet announcement is still getting more hits on
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Strong Versus Weak Levels

Not all things are quite the same in trading. Some levels are unarguably much stronger than others, and stand a much higher probability for success. When we are looking to determine which levels are stronger
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The Basics

Our strategy is simple yet requires thoughtful analytics like any other system. We enter trades only at key levels of support and resistance, sometimes employing the use of diagonal trendlines and Fibonacci retracements. But regardless
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Ok, so what next?

We’re waiting, patiently, through this consolidation over the past few days as the markets look for some key decisions on the US bailout plan. Equity markets and commodities have been drifting lower, pushing USD slightly
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Trading in Synch With Market Movers

Market movers come in all different shapes and sizes. The interbank market is run by a plethora of institutional money managers, smaller-sized fund managers and the retail crowd. Of these three categories, the institutional money
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Overview

The FX trading realm has exploded with volume in the past 10 years, thanks to the push of the retail trading environment and growth of private money managers. What was once a market reserved for
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