Pro Swing Trading

Hi,

Stocks were set for a sharply lower open on Tuesday as a revolt in Libya drove investors away from riskier assets and prompted a spike in crude oil prices.

Libyan leader Muammar Gaddafi used tanks, helicopters and warplanes to quell a growing revolt as the veteran leader scoffed at reports he was fleeing after four decades in power.

Libya's oil terminals were blocked and the prospect of further disruptions to oil supplies from Libya, Africa's third-largest producer, sent oil prices to a 2-1/2 year high.

Hi,

As trading idea U/CHF has long setup.

Sales of existing U.S. homes rose a seasonally adjusted 2.7% in January, a fifth rise in six months, a real-estate trade group said Wednesday while also unveiling a major review of the quality of its data.

Hi,

As trading idea cable not bad for long.

Cable hit our TP1, don't forget to manage your trade and also take care about GBP news (GDP).

Cheers
Nick

As always - good trading Nick and I hope your TP2 gets hit and price fills its ADR to the upside so a high probability short signal will present itself

I took 60 pips from this one, I dont want to hold trade during the news.

Sure, but as i said news can destroy anything!

Good job brother and hope for hunting more in future...

Hi,

Sooner or later strong USD will come but the matter is when Ben try to show some real sign for rise the interest rate.




Cheers
Nick

Told ya Nick was worth his weight in gold

Dude's the winningest trader I've ever seen!

hi, nick.
really great trading!!!
I just don't know why I can't vote for you. sorry, ha.

The recent surge in oil prices is unlikely to have a big impact on the U.S. economy, but could dampen growth and raise inflation if sustained, Federal Reserve Chairman Ben Bernanke said on Tuesday.

Offering no hint that he was considering cutting short the Fed's $600 billion bond-buying stimulus, Bernanke told the Senate Banking Committee he saw increasing evidence that the U.S. economic recovery was becoming self-supporting. At the same time, he warned job growth remains far too anemic.

"We do see some grounds for optimism about the job market over the next few quarters," Bernanke said, citing a steep recent decline in the jobless rate among other factors.

The economy expanded at just a 2.8 percent annual pace in the fourth quarter and the jobless rate stood at an elevated 9 percent in January. While hiring appears to be picking up, the pace is too slow to make much of a dent in unemployment.

"Until we see a sustained period of job creation, we cannot consider the recovery to be truly established," Bernanke said in remarks prepared for delivery to the panel.

U.S. stocks were little changed after the release of Bernanke's testimony and a report showing growing strength in the U.S. factory sector. U.S. government bonds pared losses.

"No major changes in tone," said Andrew Tilton, economist at Goldman Sachs. The Fed will most likely complete its bond-buying program over the next few months and then call it a day, he said.

"The bar is pretty high," for either curtailing bond buys or expanding the program, Tilton said.

Bernanke said downside risks to growth had diminished, and stated for the first time that the risk of deflation -- a key justification for the Fed's bond-buying spree -- was now "negligible."

At the same time, Bernanke did not appear concerned that a recent spike in the price of crude oil, driven in part by a wave of pro-democracy revolutions in the Middle East and North Africa, would do much harm to the U.S. economic outlook.

Crude oil prices briefly surpassed $100 a barrel in late February but have since come down to around $98.

Bernanke said the Fed expects inflation to remain low and that long-term inflation expectations appear contained, both according to market indicators and surveys of consumers.

"The most likely outcome is that the recent rise in commodity prices will lead to, at most, a temporary and relatively modest increase in U.S. consumer price inflation," Bernanke said.

However, he warned that if expectations of future inflation were to build, the Fed may need to act.

"We will continue to monitor these developments closely and are prepared to respond as necessary to best support the ongoing recovery in a context of price stability," he said.

Morning,

Since 2 days ago we had low volume market and PA had nothing to make setup!! Maybe because of NFP week or chaos on middle east. Anyhow lets see what market bring for us during NY session.

Cheers
Nick

Hi,

E/U hit our TP1 don't forget to manage your trade

stopped out at BE

you could exit on TP1

It didnt hit TP1 I had an order at 3830 I had low at 3834. I had wors entry at 3870 so was triing to get at least 40 pips not just 35 as I was risking 45 pips.
These exits or entries are ideal but in reality u will not be able to get it all the time.
From my experience I miss 1-2 trades per month.

Sorry but you totally in wrong : TP1 was 25-35

yes, so 30 is in the range isnt it?