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 FX and FX Options traders...
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Posted on 02-13-08 10:32 PM     Reply [Subscribe]
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Ok, after witnessing the huge success of eminitrader's thread, I've felt that the biggest market out there: the FX markets has been outright neglected...No disrepect, but all I've seen are recommendations for the equity indexes and futures.  So, in this regard, I'm wondering if there are any FX traders (or FX Options too) who would be interested in sharing their expectations and provide insight to their forecasts.  There are numerous websites out there (fxstreet, forexnews being some of the one-stop shops) which could do that, but its better hearing from our own sajha peeps.  Given that the market moves so quickly and your Buy/Sell recommendation could change within the next 30 seconds, I'd say that we refrain from giving such recommendations that could cause a hoopla here...However, providing an insight as to where you feel the FX pair would head for the next trading day or a longer-term would be a better bet.  Any thoughts?

Feel free to post and happy trading! 

Last edited: 13-Feb-08 10:35 PM

 
Posted on 02-13-08 10:44 PM     Reply [Subscribe]
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Unless you are scalping the outlook does not change in 30 secs.
check out forexfactory.com they have pretty good threads from traders. I use it too.


 
Posted on 02-13-08 11:00 PM     Reply [Subscribe]
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"Unless you are scalping the outlook does not change in 30 secs."  Don't tell me you've never gone into a trade (and even reocommended other peeps into it) and not even within a minute, you find out that you've had it all wrong?  Well, I've seen that happen numerous times in my 5 year stint so far...And I'm sure this will keep happening as there are many insights that come only after you're already in the trade.  I'm certainly not the best trader out there but I've seen some of the best getting it wrong in most of their calls.

And about forexfactory...yeah, thats a pretty neat site but what I'd like to see is if any peeps here at Sajha are into this market and what "their" analysis is on the matter...I've seen some pretty interesting forecasts in emini's threads and would love to see members give the same (but to a different financial instrument: FX). 

Any insight to Germany's 4th Qtr GDP figures out at 2am EST and its effect on the EUR for tomorrow's trading?  As far as sources go, looks like the EUR is in for a beating until the opening of NY trading (because of lower retail sales and slower grouwth of output in production sector).  Any comment on the technical side??


 


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