Bloggings of a late-night Forex trader.

Wednesday, May 21, 2008

Go Euro Go!

Great trade last night that hit my limit while I slept. There was a lot of speculation around the Euro yesterday and many factors that favored the bulls. One of the major events that made me feel confident in this trade last night was U.S. inflationary data. With a fear of inflation and an end to the interest rate decreases investors started to run out of the U.S. markets, and quickly.

As people fled the stock market the currency market started to feel some movement once again away from the dollar as the large institutions started putting their money back on other currencies. Whatever gains we expected the dollar to have would soon be wiped-out.

Looking at the charts I could see that the MACD lines were just about to cross before I went to sleep. The RSI was still high but all sources indicated that the Euro was going up. I went long on EUR/USD and here's what I woke-up to:

Like I have said before. You don't have to be right every time. I've had 2 trades that went sour this week and now this one that did very well. Since I am currently using a strategy that only requires me to be right one out of every six trades this means that I just profited about triple what I lost - that's the kind of math you'll want to do to stay ahead. It's always important to stay focused on not become overly excited when you "hit it big" - this is not gambling. By making well-educated trades based on the news coupled with technical analysis you too can wake-up to the glory of a trade like this!

4 Comments:

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December 21, 2008 7:38 AM  
Blogger Low Cost Insurance said...

Only 1 out of 6. That's pretty good odds. I read in the wall street journal this morning about the Euro so believe you did quite well. Nice job.




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February 20, 2009 7:33 AM  
Blogger Siladitya said...

Did Steve Harvey copy the book title Act Like A Lady Think Like A Man

and theme from an earlier book?



Book with same title & theme copyrighted and published by Sharon P. Carson in 2003





CHICAGO, IL – Sharon P. Carson the author of the original title: Act Like A Lady –Think

Like A Man, watched the February 27th episode of the Ophra show on which Steve Harvey was

promoting his book of the same title. She was hoping that Steve would reveal to Oprah

where he got the title and the theme for the book. It just seemed odd to her that his book

had the same title and theme as her book that was copy written in 2003.



Upon subsequently purchasing the book, she found some interesting parallels and realized

that it is not unusual for a high profiled person to take a great title and theme, rewrite

a book and use their celebrity status to sell it. This she says happens too often to the

unsung poets, authors and entrepreneurs of the world.



Steve wrote in his book that his hope was to “empower you with a wide-open look into the

minds of men”. Sharon P. Carson wrote in her book in 2003 that her hope was for women to

gain some insight into how men think in terms of relationships. Sharon also noted that in

chapter 8 of Steve Harvey’s book titled “Why Men Cheat” he came to the same conclusion that

she did in chapter 37 of her book, titled “Why would a man cheat”, and the answer was,

“because they can”.



Sharon actively promoted her book before the release in January 2009 of Steve Harvey’s

book, and would not like to see her promotion efforts hindered. She feels that her book has

much to offer from a woman’s perspective and seeks to empower women to practice self love

and tough love in relationships.



Before the publication of Steve Harvey’s book of the same title, Sharon bought the domain

name: www.actlikealadythinklikeaman.com from which she has been selling her book. She has

also held seminars with women at a Chicago University in promotion of her book, and can be

viewed on the following youtube clip as she was being interviewed on a cable television

program about her book in 2007 http://www.youtube.com/watch?v=xxVVQX15X2Y.



Mindful of all the self - published poets and authors who have a hard time finding

publishers for their works, Sharon is currently consulting with attorneys regarding her

options, and hopes that her book with the first and original title of Act Like A Lady Think

Like A Man will finally receive the recognition it deserves for the wisdom, encouragement,

and empowerment that it provides to women.

March 2, 2009 8:40 AM  
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