Following the footsteps of Madoff, another scam is emerging. This one involves a hedge fund manager from Florida. Reports suggest that one Arthur G. Nadel, who operated out of Scoop Management Inc, has disappeared and fund’s accounts are empty. Amount apparently missing  is in the neighborhood of $350 million.  Already scores of people came forward, each claiming [...]

Over last few weeks I have been on the lookout for long trades in Pound pairs, with mostly decent results. It has hit either all time or multi year lows against just about everything else there is to trade. It is possible a bottom was reached, but this theory will be tested over next few [...]

Just as stated yesterday, I’m going to have a closer look at one of the Yen trades taken on Thursday. This will also explain some principles behind one of the strategies used by me for trading on intermediate time frames. This trade was not covered by me before it happened, I took a testing position in [...]