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- shajib replied Jan 29, 2009
Absolutely spot on...fundamentally there is not much of a case supporting such a strong bullish run at this point of time, even Euro COT is currently neutral. Therefore is has been my policy to always take half profit especially when going against ...
- shajib replied Jan 29, 2009
Eud/Usd Analysis - Beginning of the next rally? — Good day to all. Just to recap...my previous analysis talked about Eur/Usd undergoing correction after the 2763-3328 rally (wave 1/A). It must have been tense for those who shorted the pair ...
- shajib replied Jan 27, 2009
Thanks for your comments
- shajib replied Jan 27, 2009
As I explained in this earlier post, I hope some day traders managed to catch the smaller wave "b" (approx 50% retracement of corrective wave "a"). Target for "c" should be around 3050 followed by more consolidation. As long as price is above 2858, ...
- shajib replied Jan 27, 2009
As I indicated I am not a scalper. Tried that before and failed I believe if you are a scalper, you should NEVER add to a losing position because it can be suicidal for the simple reason that your risk > reward. A swing trader like myself can ...
- shajib replied Jan 27, 2009
Hi, We all have our own way of trading but as long as you keep your losses small and let your profits run, you will do well. Scalping is a highly risky strategy until you have mastered risk management. I would advise you to scale down your position ...
- shajib replied Jan 27, 2009
Euro/Dollar Analysis — The short-term trend is clearly up (EU daily). A few days ago a low of 2763 tested the previously broken falling trend line and price action reacted quite sharply giving me confidence that the corrective bounce from 2327 ...
- shajib replied Nov 12, 2008
EW counts differ from people to people. But the basic facts remain the same. 5wave impulse followed by 3wave correction. If you consider the recent break from the triangle, I would start by treating that as an impulse and count 5 waves down to trend ...
- shajib replied Aug 19, 2008
I am new to trading GBP/JPY. I am finding this a little confusing at the moment. Maybe those more experienced can help me out. DJ is has broken out of the consolidation pattern, hence USD should weaken temporarily as the Dow moves down. As a result ...
- shajib replied Aug 19, 2008
This weekly USD index chart might explain why USD strength is so relentless this week. A major shift in sentiment is already upon us. Selling USD is going to be a lot more tricky from now on. Consolidation period may be lengthy resulting in ...
- shajib replied Aug 9, 2008
With all due respect... LOL I have got to admit that you have the most suitable nickname ever on this forum. However it must have cost you quite a bit in terms of swap charges for shorting the pair for such a long time!
- shajib replied Aug 8, 2008
Thanks for your kind words. Have a good weekend and I am sure you will eventually recover all your losses in no time!
- shajib replied Aug 8, 2008
Sorry to hear about your loss videoman555. Earlier today I had significant amount of money invested in Euro and Sterling because I thought these were due for a bit of correction. Thankfully my stops were triggered in time and I ended up making only ...
- shajib replied Aug 7, 2008
Could this be the Black Friday for Sterling? I mean we already have breakouts in Yen, Swissy, Kiwi and Aussie, so Euro and Sterling was just a matter of time...nevertheless legs crossed for 9330 to hold.
- shajib replied Aug 7, 2008
Unpredictable for sure. However this plunge down should provide good opportunity to initiate long positions near 9420 and/or 9350. The first sign of recovery for me would be a clean break through 9535 for a start.
- shajib replied Aug 7, 2008
There is a good reason why we will continue to have a ranging market. BOE won't cut rate due to inflation and Fed can't raise rate yet due to housing/financial crisis. I think in terms of risk-reward ratio, buying sterling in the 9400-9500 is/was ...
- shajib replied Jul 16, 2008
My thought — Euro will reach daily pivot near 1.5860. A much better selling price would be near falling channel resistance (blue line). Next significant support (red line) is rising channel support found near 1.5750. You will also notice a ...
- shajib replied Jun 13, 2008
I had this guy on my ignore list after reading his posts for a few days. It is a shame that he needs to be so rude and full of himself to get his opinions across. Best option is to ignore him if you don't like his comments. Afterall he has every ...
- shajib replied Jun 13, 2008
I had this guy on my ignore list after reading his posts for a few days. It is a shame that he needs to be so rude and full of himself to get his opinions across. Best option is to ignore him if you don't like his comments. Afterall he has every ...
- shajib replied May 16, 2008
20%/month is a lot of profit. Assuming you start with just $1000 and you compound your earnings every month, in five years you would have made almost $56m. Now that is what I call good trading!