Entry: 144.43
SL: 144.28
TP 1: 144.76
TP 2: 145.30
Status: Closed at +23 pips due to ADX +DI divergence (see that orange line on ADX curved back to bar 20 below)
Yen god (!)Â Fukai poured in new blood today by saying:
policy makers need to adjust interest rates from near zero percent “without delay.”
 Inflation-adjusted interest rates are extremely low and could risk stimulating growth excessively, Fukui said today in a speech at the Japan National Press Club in Tokyo. The yen later pared its advance after Fukui [...]
Visit Forex World Cup 2006 website, a trading competition organized by FxSOL, to win $30,000 USD cash. They are up to a very good marketing idea. With football worldcup underway, why not a forex worldcup?
Funny yet good chance to make some money out of it.
The yen declined against the dollar, euro and British pound after the Chinese central bank ordered banks to set aside more money. Japan’s currency has declined this week as the Bank of Japan left its benchmark interest rate near zero percent, while Federal Reserve officials hinted at further rate increases.
Effect: USD/JPY eye on 116.00, the [...]
Author: mutant dog
Source: MMGÂ
The more i read around, the more dishonest practises i see taking place. This taken from wikipedia sums up a lot of it quite well, definately worth a read.
A forex scam is a confidence game played in the context of the foreign exchange market against fairly unsophisticated “retail speculators.” The U.S. Commodity [...]