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Posted on April 8, 2009 at 17:13 in Uncategorized by Wayne McDonell



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In an inverview with Bloomberg last week, I was brainstorming ideas for stories with a producer interested in forex. There are plenty of “experts” willing to give their guesses on camera… however that sorta thing, although helpful at times, lacks the huanity in trading. We discussed how to bring the retail forex trader into the spot light… an average Joe on an extrodanary journey, trading forex as a totally new career. “I know just the guy” I told the producer. She said he had to be in the New York City area and ...

Posted on April 6, 2009 at 0:13 in Uncategorized by David R Pegler

Hey Everyone, for today’s outlook I take a look at the Euro Usd and build a trend following trade plan for this pair. We are clearly in an uptrend on the daily and 4 hr charts, however have got some areas of resistance to be concerned with, therefore buying at support is going to be key to maximize the reward and minimize the risk. Good luck!! David Pegler

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Posted on April 1, 2009 at 17:37 in
by Wayne McDonell


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Posted on March 30, 2009 at 15:03 in Uncategorized by --------- Stephens

Asia into pre-London today continued the sell off on the Japanese Yen pairings from Friday’s fantastic drop off the daily resistance. The end result is we found ourselves at definitive support in pretty much every flavor on the Yen pair longer term charts, such as new weekly pivots, and long term trend lines. Opening a major market such as London “ON” support will generally lead to a rise before ever having a chance to fall again (due mainly to profit taking), such as a longer term Fibonacci pullback etc. Well since our London session is only a few hours long you have two choices. Either wait for the eventual longer term pullback entry, which could take ...