Comments on: FED has a fan.

By: admin

admin — Mon, 01 Dec 2008 05:43:54 +0000

Michelle, there might not be much going on in the pairs I went over above, but AUD and NZD are moving, so one can find some trades. I’m always on a lookout for good set ups. Frankly, I will not get very busy untill probably 23:00 PST, and it will stay that way for 10-11 hours. I have a fund to trade, my own accounts and all kinds of other things to do. That’s why I update this blog either around noon or early evening my time.

By: admin

admin — Mon, 01 Dec 2008 05:16:58 +0000

Renata, you can use the same indicators and charting applications. One of the exceptions is the volume analysis. Since Forex does not have a centralized exchange, you will not able to get volume data and if you manage to find some, it will be very fragmented and largely incorrect. So things like OBV(On Balance Volume) and anything other using volume are useless. Other than that, you can use just about anything you are familiar with,

By: Michelle

Michelle — Mon, 01 Dec 2008 04:44:55 +0000

There is not much going on right now. Are you looking for other trades during time like this. I myself get a little restless and try to find something to trade, though I know I should be patient and simply wait.

By: Renata

Renata — Mon, 01 Dec 2008 04:31:40 +0000

I traded stocks before for a while for most part trying to use charts, technical analysis. I’m still not very good but learning. Are there big differences in analyzing charts of currencies and stocks? Can I use the same indicators?