(binned per thread starter’s request) Growing Account Together

Hi all,

Just a quick follow up. You can signup for 1 week free triail with no risk to see how this strategy works. Link is here (https://www.simpletrader.net/signal/4309/SolidFx.html)
https://www.simpletrader.net/signal/4309/SolidFx.html

End of the trading day. Up by 0.47%

Paul Tudor Jones speaks about pursuit of profit.

https://www.youtube.com/watch?v=dvJSK4viVMs

Should we not take a risk with a Solid Business???

I take it your first language is not English because you missed the whole point of the video lecture.

Nice video dude. Trusting people not too be greedy sounds nice in theory but I don't know how they will fix it. The best way to go about is if we all do our bit. Atleast talking about it is a good start hopefully more and more people will start taking action.

Hi guys some updates of the market today. Looks like its gonna be a busy day today


Aussie Dollar

The Australian dollar plunged 1 per cent on Wednesday after softer than expected inflation intensified the chances of a third rate cut this year by the Reserve Bank of Australia

Odds on a third rate cut this year, to 1.75 per cent, at next week's policy meeting of the RBA has gone up significantly.

The Australian dollar had already been under pressure before the CPI data, trading below US72 after another fall in the price of oil dragged down the so-called "commodity currencies".

Keeping an eye on this GPB/AUD and AUD/USD for some good trades. Due to the event risk had to take some loss. Enough trading oppurtunity to make it back plus some more.


Kiwi Dollar

Many economists say they are expecting New Zealand's central bank to remain on hold Thursday, but recognize there is a chance they might cut the benchmark rate further. Market pricing points to a 16% chance of a rate cut.


US Dollar

The Fed decision is due today. Don't think they will change their rate decision. Eyeing to short USD/JPY post risk event.


Happy trading hope we all make some good pips today


Please check out my live account here and signup for a free trial (https://www.simpletrader.net/signal/4309/SolidFx.html)
https://www.simpletrader.net/signal/4309/SolidFx.html

Hi good peeps of Forex Factory,

Just completed trading for the month of October. The account is up by 5% for the month. All positive for last four months. All records are verified by Simpletrader and Myfxbook. Full history given and 100% transparent. Nothing to hide here. Just solid trading.

My aim is to deliver a positive return end of each month while keeping draw-down under 10%

Those who are interested please subscribe to the free trial (https://www.simpletrader.net/signal/4309/SolidFx.html). See if you like my style of trading.

https://www.simpletrader.net/signal/4309/SolidFx.html


Let's all make some money together

Please checkout my blog. I give regular updates here on potential trade setups.

Here is an article on Forex investing. Hope you will all find it useful.

http://themarketspeculator.com/blog/making-money-investing-forex/

Guys be careful when trading the EUR/USD pair. This upward move is temporary maybe the market makers are trying to squeeze out the shorts. Please be careful if you are trading aggressively on the buy side. Will be giving my usual market updates tomorrow. Be sure to check it out.

Stay safe and stay nimble!

Hi folk,

I am back with my usual trade ideas for the upcoming week.

Key events from the prior week:
· FED decided to keep rates on hold. Hints at changes to its policy in December
· RBNZ decided to keep rates unchanged at 2.75%. Due to global growth is below average and inflation is low despite highly stimulatory monetary policy.
· BOJ kept their stimulus policy unchanged
· CPI data for the Aussie can in at 0.5% which was 0.2% below expectation.

Next week is going to be action packed. We have a host of data coming out from different central banks. I have outlined the key event I’ll be looking into.
Key events for the week 2-6th November:
· GBP Manufacturing PMI
· GBP Construction PMI
· AUD Cash Rate
· RBA Rate Statement
· New Zealand GDT (Global Dairy Trade)
· Super Thursday GBP inflation, Official rates vote, Monetary Policy Summary, Official Bank rate
· NFP Friday (The fate for the USD/JPY, EUR/USD will be sealed that day )

Trade Ideas:
Next week I will mainly concentrate on the following pairs:
AUD/USD
GBP/AUD
EUR/USD
USD/JPY
GBP/JPY
EUR/NZD

AUD

We have a lot of event risk for this currency next week. With the local bank increasing their lending rates puts pressure on the RBA to act and cut interest rates. This couple of bad reading from the CPI data put a lot of pressure on the Aussie
GBP/AUD rallied about 500 pips after the news release. If the interest rate is cut by RBA this pair will atleast move by another 500 pips at least. On top of that we will get several news from BOE and one thing is for sure this pair will produce some volatility in the upcoming week.
This will a key pair I am looking at trading. Chart attached below. Any news that comes out during the week will change my view on the currency. The current analysis is with the data that is to me now.

USD

We have NFP coming up next week and be sure for some fireworks. After taking a nosedive the Euro recovered some grounds against the greenback during the week. I believe NFP might move the market and boost the greenback against the euro. Also after the Fed hinted they might increase the interest rate in December another pair to watch is the Greenback against the yen. Also another pair to trade would be the Aussie. If RBA indeed cuts interest rate or hints at cutting the interest rate buying greenback against the Aussie is another trade I am looking into. Charts attached below:

May the Forex God be kind to you and happy pipping!!!!

You can read previous post at our blog (http://www.themarketspeculator.com/blog)

Also follow us on twitter @TMSpeculator.

Like us on Facebook
https://www.facebook.com/The-Market-Speculator-1668292243446202/

As always I'll also update if there are critical news during the week which will change my view on a particular currency pair. As always check out my live trading link here (https://www.simpletrader.net/signal/4309/SolidFx.html) to see how I actually trade these setups. Thanks

What is your take on gbp/usd? You also mentioned eur/nzd can you please elaborate?

Right now I am on the sideline on GBP/USD. Will have to wait for Thursday before I can get a clear direction.

In regards to EUR/NZD I am waiting for the result of the dairy auction. If the number is better then expected I will short the euro or else I will stand aside.

Hope this helps.

Check out my latest trade ideas on twitter just follow @TMSpeculator.

Trade ideas posted on twitter today
https://twitter.com/TMSpeculator/status/661022198367318016

MADE +108 pips today following the trade setup posted on twitter.

Check out how I traded it on myfxbook (http://www.myfxbook.com/members/imtiaznafis/solidfx/1363723) .
http://www.myfxbook.com/members/imtiaznafis/solidfx/1363723

If you have any question post here and I will get back to you as soon as I can.

Tomorrow I will be trading GBP/AUD AUD/USD and AUD/JPY. Will be watching the market closely for my setups. Will post it here so if anyone is interested they can follow.

Cheers!

Fundamental Update on AUD:
"In such circumstances, monetary policy needs to be accommodative. Low interest rates are acting to support borrowing and spending. While the recent changes to some lending rates for housing will reduce this support slightly, overall conditions are still quite accommodative. Credit growth has increased a little over recent months, with growth in lending to investors in the housing market easing slightly while that for owner-occupiers appears to be picking up" RBA onetary Plicy Statement.

Key point is he doesn't see the recent rates increase by the Australian Bank as a cause of major concern anytime soon. Due to this expectation AUD was sold aggresively last week.

Now thanks to this event my outlook has changed on GBP/AUD. No trades on that pair until Super Thursday is over.

Happy pipping all!!!