My Daily Forex Trades

Session starts in 15 min

Here is the session I.D for the NY Session this afternoon :

Please join at 2pm (GMT+2)

https://www2.gotomeeting.com/join/819250554

2. You will be connected to audio using your computer's microphone and speakers (VoIP). A headset is recommended.

Meeting ID: 819-250-554
 
Forex Video - Live Session Trade Summary - 3 Dec 2009.

[ame]http://www.youtube.com/watch?v=dEdQYLIDcdE[/ame]
 
Remember the session I.D for the London Session today is the same as the last London session

https://www2.gotomeeting.com/join/297603474

2. You will be connected to audio using your computer's microphone and speakers (VoIP). A headset is recommended.

Meeting ID: 297-603-474
 
Here is the session I.D for the NY Session this afternoon :
Please join at 2pm (GMT+2)

https://www2.gotomeeting.com/join/819250554

2. You will be connected to audio using your computer's microphone and speakers (VoIP). A headset is recommended.

Meeting ID: 819-250-554
 
Have a look at how we traded Non Farm Payroll today

[ame]http://www.youtube.com/watch?v=EyDHT_sPCcg[/ame]
 
TO MAKE LIFE EASIER THIS IS THE SESSION I.D FOR ALL THE LONDON SESSIONS UNTIL FURTHER NOTICE :

https://www2.gotomeeting.com/join/297603474

2. You will be connected to audio using your computer's microphone and speakers (VoIP). A headset is recommended.

Meeting ID: 297-603-474
 
OK guys thanx for joining the live session, it was only an hour this morning but at least we have 4 good trading setups to watch.

See you for the NY Session at 2pm and remember the NY session will be longer today.

see you later
 
Here are a few thoughts on the current crises and the future prospects of the currencies we trade in the Live Sessions :

WHAT DOES THE IMF THINK?
International Monetary Fund Managing Director Dominique Strauss-Kahn said on Nov. 23 that about half of bank losses from the global financial crisis have yet to be reported. The IMF said in September that banks, which have taken $1.72 trillion in losses and writedowns as measured by Bloomberg since the start of 2007, may have $1.5 trillion in toxic debt on their books.

// This means that the rally we have seen in the markets of late may simply be a bear market rally that will give way and produce a drop off in the stock market that will exceed the recent drop. S&P500 , Dow , Nasdaq etc etc will all fall badly again.


WHAT DO THE BIG PLAYERS/THE INVESTORS THINK?
investors are also wary of the global economy falling back into recession with U.S. unemployment above 10 percent for the first time since 1983, non-performing U.S. commercial mortgage loans as measured by Moody’s Investors Service rising to 8.3 percent and the potential for stocks to fall after the steepest rally in the Standard & Poor’s 500 Index since the 1930s.

//This means that power players around the world are risk averse (dont want to take risky trades) because the outlook is shaky , so they are also predicting a drop off in the stock market.

WHY IS THE DOLLAR WEAK NOW?
Record-low interest rates in the U.S. have encouraged investors to borrow in U.S. dollars and reinvest the proceeds in countries with higher ones, such as Australia and New Zealand. The so-called carry trades, which contribute to weakness in the dollar, produced returns of about 50 percent over the past nine months
The dollar has depreciated 6.2 percent against the euro this year, 23 percent versus Australia’s currency and 19 percent versus the New Zealand dollar.

//This means that the US Dollar is weak right now and weakening as long as the stock market maintains its rally.

POSSIBLE DOLLAR OUTLOOK...
Strategists are cutting their forecasts for the greenback. The dollar will depreciate to $1.55 against the euro by March from $1.49 last week, and to $1.62 by June, according to JPMorgan. Since September, the median June 2010 estimate for Australia’s dollar has risen to 94 U.S. cents from 85, and jumped to 74 U.S. cents from 67 for New Zealand’s currency.


We will digest this info in the Live Sessions and I will help you understand exactly what all this will mean to your Forex trading.
 
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NY Session Starting in 6 min...please use the NY Session I.D above
 
atom0101 said:
what brokers are there to do this with in SA??
Click to expand...

I would not suggest using a SA broker, but if you prefer to deal local you can try avafx.com or fxhometrader.co.za
 
Last edited:
Mondays Live Session trades that gave us profit :

[ame]http://www.youtube.com/watch?v=Nkwkxh78sbM[/ame]
 
Heres todays live session...made some really good trades today

[ame]http://www.youtube.com/watch?v=ZkLAkVouHAw[/ame]
 
Oky. what do you need to know if you are new to trading?

And when and how to begin?
 
Nokkie said:
Oky. what do you need to know if you are new to trading?

And when and how to begin?
Click to expand...

1 :You need a broker so you can demo trade, like : IBFX (www.ibfx.com)

2 :You need a trading method that tells you when to buy and sell...you can learn this in the Live sessions we do (they are free) from 9am to 11am and 2pm to 4 pm everyday (GMT+2)

3 : the rest you will learn as you go along.

let me know if you need to know anything else
cheers :)
 
RoryK said:
1 :You need a broker so you can demo trade, like : IBFX (www.ibfx.com)

2 :You need a trading method that tells you when to buy and sell...you can learn this in the Live sessions we do (they are free) from 9am to 11am and 2pm to 4 pm everyday (GMT+2)

3 : the rest you will learn as you go along.

let me know if you need to know anything else
cheers :)
Click to expand...

thanks will do. :)
 
I did reg at ibfx.com

How do you learn where to starting trading in demo mode?
 
Nokkie said:
I did reg at ibfx.com

How do you learn where to starting trading in demo mode?
Click to expand...

Nokkie,
When you register you have to then download the platform...it is about 4MB.
Once the platform is installed on your PC you can then start trading demo, the rates on the charts of the demo platform are the same as the real market rates so you will get a good feel for it.

If you dont come right, then come join the live session at 1:45pm (GMT+2) today and I will run you through the process as you can see my screen and hear me guide you through it.

cheers
 
Here is the vid of todays VERY good Live Sessions , both London and NY produced good setups and much profit.

[ame]http://www.youtube.com/watch?v=aTEhjNqpwPE[/ame]

Feel free to rate the vid post comments etc on the youtube channel.

cheers
 
London Session is now active...

NY Session today will be longer than normal, it will run from 2pm until 5pm (GMT+2)

see you guys in the trading room.

cheers
 
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