FXPIG

Fibo Rules

Fibonacci is a huge subject and there are many different Fibonacci studies with weird-sounding names but we’re going to stick to two: retracement and extension. Few days ago my brother overheard me talking about the market and when I mentioned Fibonacci levels, in awe and surprise he almost yelled at me – What does Fibonacci has to do […]

Market Recap 19-08

The American dollar retained its dominance across the FX board, ending the day up against most of its major rivals. The greenback suffered a temporal setback mid-US afternoon, following the release of the FOMC Meeting Minutes. The document showed that some participants suggested that it would be prudent for the committee to prepare for starting to reduce its […]

Patience is a Virtue

I plan things down to the smallest detail. Even before smartphones and Google calendars, I had my day planned down to the second, back in the day my Franklin Planner was so full of notations you needed a Ph.D. just to figure out where my next appointment was. I just like to plan ahead; it’s […]

Anyone Can Do It… Right?

‘Oh man, one of THOSE guys…’ You know the type, Mr. I Know Everything About Anything and My Goal in Life is to Make sure you Know that I know… Everyone knows one these ‘charmers,’ and unfortunately, I ran into one of them the other day on an unannounced visit to my brother’s house. As […]

Market Recap 18-08

On Tuesday, the US reported disappointing Retail Sales figures for July, adding to the gloomy mood and keeping the safe-haven dollar bid. Headlines sales dropped by 1.1% in July. The Reserve Bank of New Zealand surprised markets by leaving its interest rates unchanged at 0.25% instead of raising them. While the RBNZ is set to hike borrowing costs later […]

Mind The Cars

So, like most days, I find myself here, staring at price grids waiting anxiously for a trigger to get into the market, and from some distant place, I faintly hear someone saying… no, yelling… ‘It’s GREEN moron.’ I suddenly come to the realization that I am not sitting at my desk, looking at a sea […]

She’ll Come Back

A friend of mine, well in all actuality, a friend of a friend of mine, recently got married, had a baby and quickly picked up the habit of going around and continuously professing his unbridled love for his wife. And that is, well, great. Something that all couples dream of… Except for the fact that […]

Dollar holds high ground amid growing fears, FOMC Minutes eyed

Fear about slowing global growth and rising covid cases is weighing on sentiment and supporting the safe-haven dollar. The Fed’s Meeting Minutes are eyed after the RBNZ surprised by leaving rates unchanged. Gold remains below $1,800 and cryptocurrencies have been edging lower. US COVID-19 cases continue rising, nearing a daily average of 140,000, resulting in pressures […]

All The Securities You Did and Didn’t Care About

You just need to check this out Many Trading Gurus, including the famous Jesse Livermore, which I hold utterly respect for, would tell you that trading is about waiting… Waiting for the right opportunity, for the perfect setup, for the glorious moment when all the trillion indicators give a confirmation signal… Well, waiting can be […]