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- Esssex replied May 10, 2012
Agreed. I'm only long because I see a short uptrend on my M30. Going to be a hit and run for me. My longer term position is still a short.
AUD/USD
- Esssex replied May 10, 2012
The loosening Chinese monetary policy will not impact global growth. China is an export orientated economy and a larger money supply will not largely affect the imports of China. China will not loosen monetary policy as well, they have a bad enough ...
EURUSD
- Esssex replied May 10, 2012
Good luck. You shouldn't enter unless you can afford to lose that money. Trend trading isn't really the "trend" right now. There is no clear direction in the markets and it's not recommended to take directional bets at the moment. 10% a week is ...
EURUSD
- Esssex replied May 10, 2012
How do you actually scalp? It's kind of like a coin flip is it not?
EURUSD
- Esssex replied May 10, 2012
I am out and waiting for range again. it is not a good time for big directional plays, going to just play it tactical hit and run within range.
EURUSD
- Esssex replied May 10, 2012
Agreed. I would think a good trade balance will be good for the EUR this means someone must be importing a lot of US goods which will mean risk on. However for the USD/JPY i would go long on a good trade balance. Both are safe haven currencies so in ...
EURUSD
- Esssex replied May 10, 2012
It's akin to saying they want more money without cutting spending. You cant have your cake and eat it too. I think it would be better for Greece to leave the EU and adopt the drachma once again. At least then they have full control over their ...
EURUSD
- Esssex replied May 9, 2012
Another fight downwards for the EUR/USD. Will it break? That is the question.
EURUSD
- Esssex replied May 9, 2012
DAX breaks 6450 however other indices are down. Any ideas other than staying out?
EURUSD
- Esssex replied May 9, 2012
The price crashes when everyone starts offering lower prices and the price actually goes up when the buyers take it off the sellers. That's all I understand about the market. How the real in-depth intricacies of the market works though, no clue.
EURUSD
- Esssex replied May 9, 2012
You can't, I think. There is no centralized market unlike the stock indices.
EURUSD