Welcome to my Trading Blog

Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)

Sunday, June 6, 2010

Total collapse in the East on EURO, JPY ,AUD Crosses , Then West is opening soon...

All carry trades have halted and wiped out now.

As Expected, as per  my Trade- Set up  for both Euro/Usd and  Euro/Jpy,........

There is a total collapse of EURO AND JPY  Crosses in the East  trading session! 

Euro/Usd was traded lowest at 1.1880, and EURO/JPY  at 108.15 by GMT 01:31,, US PACIFIC 18:31,,, KL/ SINGAPORE/ BEIJING  09:31.

In approx. .6 HRS  from Now, A heavier Hammer shall be exercised ,,, sending the Euro and Jpy  CROSSES to a far distant Southern Zone.

You may also look at the AUD  Crosses as the Unwinding of Risk Aversion is in Progress..... The Target for Aud/ Usd  is 0.78000, Now is traded at 0.8110 





Foot note: On AUD/USD, if you refer to my earlier posting on this currency pair , then you will know why  0.7800 may be the next support if the level at 0.8150 is violated . I hereby attach the below chart for your reference:-








HAPPY TRADING .....
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5 comments:

  1. CKJune 6, 2010 at 11:03 PM

    hi alex,such is the beauty of trading forex. up and down also make money. and current bearish market sentiment on euro is the best time to make money on euro crosses, isn't it so ? ck

    ReplyDelete
  2. kyongJune 7, 2010 at 12:58 AM

    Hi, CK,

    YES, IT SEEMS TO BE AT THIS MOMENTS.

    As Traders, We have to be aware on the Potential Interventions from ECB(European Central Bank)right now,, When ECB executes the likely acts, then Forex traders will Exit and reverse the Risk Aversion process.

    Forex Trading is Interesting and rewarding, of course with reasonable amount of Controlled Risk, You are welcome to the World of Forex Trading...

    ReplyDelete
  3. CKJune 7, 2010 at 9:13 AM

    HI Alex, what forex program do you use for your trades? Can you recommend what I can use for practise?

    ReplyDelete
  4. kyongJune 7, 2010 at 9:11 PM

    Hi, CK,

    You may go to this link:-

    http://www.alpari.co.uk/

    Then select Demo account, then download the MT 4 (Meta trader -4)package for free account/Demo practice....

    Do drop me a line if you encounter any problem..

    ReplyDelete
  5. CKJune 8, 2010 at 1:44 AM

    Thanks Alex for the recommendation, Will try it out.
    cheers

    ReplyDelete

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