Open trading account 
The last 48 hours have been a mix of success and disaster. I manage to lose 50k on USD retail sales but got it back on Yellen and CAD interest rate change. I am sticking with selling the aussie, loonie and kiwi against the USD and the YEN. Presently only on 140k which is 10k down on my best. Pretty pathetic really but I only started this month a couple of days ago. It is my belief that the commodity currencies are going to continue being rather weak so I am taking a long term view and sticking w…
alftupper's Blog
A new month begins, some initial thoughts
The first trading day of the month gives us a raft of PMIs from uk, europe and the states, the ISM manufacturing from the US is one to watch at 15.00 GMT.
I intend to watch for developing trends around these announcements to see if I can find a trend for a few hours, using LWMA and SMA. The USD against the CAD and the AUD are of particular interest to me. The commodity currencies have been weak recently due to crash in oil price and the chinese slowdown, I expect this to continue. Don't forget t…
I intend to watch for developing trends around these announcements to see if I can find a trend for a few hours, using LWMA and SMA. The USD against the CAD and the AUD are of particular interest to me. The commodity currencies have been weak recently due to crash in oil price and the chinese slowdown, I expect this to continue. Don't forget t…
Alf's Daily Witter:-The Aussie
The Aussie has a few problems especially against the Dollar and the Cable. But the Cable may have problems with the Scottish Referendum later this week.
China has a huge impact on the Australian economy, and it has been stalling. The economic slow down in China affects the commodity exports that Australia relies on, the Chinese housing slump is of especial concern because of the declining demand for iron ore whose price is at a 5 year low.
If the FOMC turns a little more hawkish this will drive …
China has a huge impact on the Australian economy, and it has been stalling. The economic slow down in China affects the commodity exports that Australia relies on, the Chinese housing slump is of especial concern because of the declining demand for iron ore whose price is at a 5 year low.
If the FOMC turns a little more hawkish this will drive …
Alf's daily witter
Success and disaster so far, followed a couple of scandi trends with reasonable success. Also bought AUD/JPY which went OK until it turned and cost me a lot of my capital. This happened but I was not concentrating, my stop wasn't tight enough and my research was atrocious. I broke several basic rules of trading such as: discipline, concentration, keeping on top of your stops and of course money management. Trading is a serious business and requires a great deal of effort. Hopefully I will extrac…