Articles for: FRX

In my last Trading Tutors Newsletter article I set students a challenge to find three reasons for price resistance in the US Dollar/Japanese Yen (FXUSJY in ProfitSource) around the 99 level.

I’m writing this article on Wednesday and the Dow Jones has fallen 381 points overnight. In these days 381 points doesn’t sound like much, but with the DOW trading around the 8000 level it did represent a 4.5% drop.

Have you ever “fiddled” with a trade and then looked back later and wished that you hadn’t? So often we can get impatient with the market, expecting our move to happen today!

‘Peter’, a SharesBulletin subscriber asked – some time ago so sorry Peter about the delay – for a review of the AUD/USD. And I thought it would be of interest to TTN readers also.

The recent fall in the value of the Australian Dollar, while painful for Australians looking to travel overseas, has proven popular with many traders whose trading accounts are denominated in US Dollars.

If I had a dollar for every time I’ve heard a trading cliché, I could probably bail out the US Financial System myself!

Rudyard Kipling’s poem “If”, which Gann quoted in his romantic novel Tunnel Thru The Air, starts with the line “If you can keep your head when all about you are losing theirs…”

There is much chat about the likely demise of the US dollar.

In my article last week I looked at a potential setup for a short trade on the US Dollar/Japanese Yen currency pair (FXUSJY in ProfitSource).

The US Dollar has shown some strength over the past month, making strong gains against all the major currency pairs.