Pro Swing Trading

Hi,

As trading idea E/C has short setup.

Hi,

Since 2 days ago market is totally sideway, maybe it try to make something big.

Federal Reserve Board Chairman Ben Bernanke entered the lion’s den Wednesday, appearing for the first time before a House panel since Republicans took back majority control of the lower chamber of Congress.

Many House Republicans view the Fed’s latest $600 billion bond-buying program as Exhibit A of a government run amok, but the hearing lacked any of the fireworks sometimes seen in the past. While Bernanke dealt with a series of pointed questions from the House Budget Committee, there was nothing heated in how they were posed.

Bernanke’s prepared remarks were very similar to comments he delivered at the National Press Club last week. Read story about Bernanke’s rare press event.

He said that there were signs the economy had strengthened in the past few months, while warning the nation’s jobless rate was likely to stay high as employers remain reluctant to hire.

“Until we see a sustained period of stronger job creation, we cannot consider the recovery to be truly established,” Bernanke said.

Bernanke also repeated that despite gains in “highly visible” prices, core inflation and wages were moving lower.

“These downward trends in wages and price inflation are not surprising, given the substantial slack in the economy,” the top U.S. central banker said.

Answering questions posed by members of the House panel, Bernanke said inflation isn’t a problem in the U.S. but quickly added the Fed would remain vigilant to attack price pressures.

U.S. markets, he said, aren’t exhibiting fears over inflation.

After 2 days that we had boring market, finally moved for us.

It sure did

Another good trade!

great!!! I was ready to give up!

very fast move after 2 days. Any news?

I guess its because weekly unemployment:
Initial claims for these benefits fell 36,000 to a seasonally adjusted 383,000 in the week ended Feb. 5, hitting the lowest seen since July 2008, the Labor Department reported.

Economists looking at the health of the jobs market say that claims would have to remain below the 400,000 level before there’s a substantial gain in hiring. The last time claims were below that was in late December.

Hi,

As trading idea U/J not bad for short...

hey dude nice thread nice trades but no charts even your site is not working

what happen

Hi Brother,

I just checked my website, everything is fine in there. Maybe you had some ISP issue.

Cheers
Nick

this call cover our entry zone 20 mins after expiry period. but i was in and hold it during weekend lets see what will happen for next week.

Have great weekend
Nick

Hi,

U.S. stocks fell on Monday after posting two straight weeks of gains that drove indexes to new multi-year, although a recent pattern of buying on market declines was likely to continue.

The S&P 500 has gained nearly 13 percent since the start of a rally in December and had a firm finish on Friday after Egyptian President Hosni Mubarak's resignation fueled buying interest after weeks of protests.

Traders said they still see residual strength in the market, with investors willing to buy on any decrease in prices.

Hmm....does the support and resistance still depends on fundamental news? Sometimes bad news at support will trigger buys. Sometimes they just break down. I don't understand it.

Hi,

No support and resistance are depends on fundamentals and technicals.

Hi,

AUD/USD is around our TP1, dont forget to manage your trade

I am evaluating this call from February 4th. So far I have taken 2 calls that have netted 80 pips total. Today's AUD call was spot on.

After a month, I will leave a review about the service in this thread. I decided to do this after mixed reviews in this very thread.

Hi,

Data over the past two months show that inflation is on the march, said Thomas Hoenig, the president of the Kansas City Fed on Thursday. There are "indications that inflation is rising -- slowly, modestly but still rising," Hoenig said in an interview on the Fox Business Network. Hoenig also said the economy was now on a sustainable growth path. Hoenig voted against the Fed's latest $600 billion bond buying program, arguing that it might foster imbalances like the recent housing bubble.

Hoenig suggested rapidly rising prices of farm land might be a new imbalance resulting from easy Fed policy. Hoenig said he would argue against any Fed decision to launch another round of asset purchases. "We have been in a recovery now for over a year and a half and I think we need to keep that in mind as we look ahead," Hoenig said.

Morning,

I hope you had great weekend and ready for new pips hunting... as usual market has no special formation on monday morning lets see what it will bring for us around NY session.

Cheers
Nick