25 February 2010 - 14:09Trading advice 2/25/10


4X Currency Trading 

 

AUDUSD FORECAST UPDATE

February 17, 2010


 

 

 

Dear Subscriber,

 

This was originally sent to me by my colleague on February 17, I am posting it now since it has proven accurate and there is still money to be made with this forecast in my opinion. Below is a chart of the AUDUSD Monthly and the chart below that was sent out Sunday.  We have completed the upward first measred movement and will look to short into the .9015 Price Pivot area.

 

The monthly price target for AUD/USD is .8350 level.  This is a mid term objective and may take some time depending on the strong Gold correlation with this preferred commodity currency. 

 

 

 

 AUDUSD

Global Disclaimers
The distribution of this material may be restricted by law in certain jurisdictions. Persons accessing these and the following pages are required to inform themselves about and observe any such restrictions. The content of this e-mail and its attachments are neither an offer nor a solicitation of an offer to sell investments in any jurisdiction in which such an offer or solicitation is not lawful or in which the person making such an offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation. You should seek independent advice as to your suitability to speculate in these markets if you are at all unsure, as well as confirming the legal and tax and accounting characteristics and consequences, of the transaction that you are able to assume those risks. 4x Currency Trading, 4x Trade Alerts.  makes no representation as to the accuracy or completeness of any information contained herein or otherwise provided . Any person placing reliance on this document,  e-mail, and its attachments to undertake trading does so entirely at their own risk and 4x Currency Trading, 4x Trade Alerts does not accept any liability as a result. Forex, Securities and Derivatives Markets may be subject to rapid and unexpected price movements and past performance is not necessarily, or to be interpreted as such, a guide to future performance
Investors should appreciate that due to the volatile nature of the currency markets, the value of your investments can decrease as well as increase and, as such, funds invested should constitute risk capital. Aggressive  and notional trading while profits can be substantially higher losses can be much greater too.

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19 January 2010 - 13:29Market Commentary 1/19/09

By now you probably heard that NFA and CFTC plan to implement new code which will effectively nueter the FX market in the US. Thank god our firm is offshore and so are our brokers, even so this draconian regulation bothers me so much I took the time to look it over and pick out the parts that really rubbed me the wrong way.

d. Regulation 1.46 – Application and closing out of offsetting long and short positions.
Like FCMs engaging in on-exchange futures and option transactions under the existing regulation, RFEDs and FCMs engaging in off-exchange retail forex transactions would be required to close out offsetting long and short positions in an off-exchange retail forex customer’s account. But unlike existing Regulation 1.46, the requirement on RFEDs and FCMs engaging in off-exchange retail forex transactions to close out offsetting positions would apply regardless of whether the off-exchange retail forex customer has instructed otherwise.54
54 NFA’s experience supports the conclusion that keeping open long and short positions in a retail forex
customer’s account removes the opportunity for the customer to profit on the transactions, increases the fees paid by the customer and invites abuse.
WOW I should show those boneheads at NFA some client statements!

Regulation 5.7 An amount of minimum net capital in addition to the minimum $20 million is proposed to the extent that an FCM or RFED has a total retail forex obligation in excess of $10,000,000. After that threshold, as proposed the FCM or RFED must have net capital of no less than $20,000,000 plus five
percent of the total retail forex obligation in excess of $10,000,000. This proposal is intended to address concerns that, although the capital level contained in the CRA is believed to be high at $20,000,000, at particularly high levels of retail customer obligations there should be commensurate increases in an entity’s minimum required net capital. The NFA has enacted a similar requirement applicable to all its forex dealer members except those that only provide “straight through processing.” The Commission’s proposal has no exceptions for FCMs engaging in off-exchange retail forex or for RFEDs.
If your broker does business the right way, passes trades on to banks and as a result doesn’t have $22,000,000 needed they are out of business

8. Proposed Regulation 5.9 – Security Deposits for Retail Forex Transactions.
Proposed Regulation 5.9(a) would require each RFED and each FCM that engages
in retail forex transactions, in advance of any such transaction, to collect from the retail forex customer a security deposit (in cash or in financial instruments that meet the requirements of Regulation 1.25) equal to ten percent of the notional value of the retail forex transaction, ten percent of the notional value of short retail forex options in addition to the premium received, or the full premium received for long options, as the case may be.
Here is the 10 to 1 leverage rule

19. Proposed Regulation 5.22 – Registered Futures Association Membership.
In addition to registering with the Commission, the CRA provides that RFEDs and persons who provide retail forex trading advice, operate retail forex pools or solicit retail forex customers or accounts must also become members of a registered futures association.
the NFA says MO MONEY MO MONEY we are not talking
about futures here!

14. Proposed Regulation 5.17 – Authorization to Trade.
Proposed Regulation 5.17 requires RFEDs, FCMs, IBs and their APs to have specific authorization by the customer before effecting a retail forex transaction. For the most part, proposed Regulation 5.17 follows existing Regulation 166.2 for on-exchange futures and commodity option transactions. The Commission believes that registrants acting as off-exchange retail forex counterparties should have to obtain authorization for each transaction like other registrants.
So much for managed accounts! Your trader must call you at 3 am to trade! Forget about using a remote controlled EA as well!

A. Regulatory Flexibility Act
The Regulatory Flexibility Act (“RFA”)97 requires that agencies, in proposing rules, consider the impact of those rules on small businesses. They go through each classification and claim due to required deposits or that the fees for registration are not going to hurt small businesses. Hmm, I guess they didn’t consider the businesses who couldn’t make the deposits or the 10 to 1 leverage or the lack of being able to manage accounts properly as hurting small business.

B. Paperwork Reduction Act They want to increase the amount of paperwork…  hundreds of thousands of hours of paperwork per year

To complain about any of these proposed rules or the others contained in the 193 page PDF ( mostly the proposed code)

DATES: Comments must be received on or before [insert date 60 days from publication in FR].
ADDRESSES: You may submit comments, identified by RIN 3038-AC61, by any of the following methods:
• Federal eRulemaking Portal: http://www.regulations.gov/search/index.jsp. Follow the instructions for submitting comments.
• E-mail: secretary@cftc.gov. Include “Regulation of Retail Forex” in the subject line of the message.
• Fax: (202) 418-5521.
• Mail: Send to David Stawick, Secretary, Commodity Futures Trading Commission, 1155 21st Street, N.W., Washington, DC 20581.
• Courier: Same as Mail above.
All comments received will be posted without change to http://www.cftc.gov, including any personal information provided.

No Comments | Tags: Commentary, Trading Advice

28 December 2009 - 23:23trade of the day 12/28


4X Currency Trading 

 

LONG USDCAD @ 1.0433

December 28, 2009

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Dear Subscriber,

 

We are long USDCAD @ 1.0433 stops 1.0366.  Target 1.0544

 

 

Global Disclaimers
The distribution of this material may be restricted by law in certain jurisdictions. Persons accessing these and the following pages are required to inform themselves about and observe any such restrictions. The content of this e-mail and its attachments are neither an offer nor a solicitation of an offer to sell investments in any jurisdiction in which such an offer or solicitation is not lawful or in which the person making such an offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation. You should seek independent advice as to your suitability to speculate in these markets if you are at all unsure, as well as confirming the legal and tax and accounting characteristics and consequences, of the transaction that you are able to assume those risks. 4x Currency Trading, 4x Trade Alerts.  makes no representation as to the accuracy or completeness of any information contained herein or otherwise provided . Any person placing reliance on this document,  e-mail, and its attachments to undertake trading does so entirely at their own risk and 4x Currency Trading, 4x Trade Alerts does not accept any liability as a result. Forex, Securities and Derivatives Markets may be subject to rapid and unexpected price movements and past performance is not necessarily, or to be interpreted as such, a guide to future performance
Investors should appreciate that due to the volatile nature of the currency markets, the value of your investments can decrease as well as increase and, as such, funds invested should constitute risk capital. Aggressive  and notional trading while profits can be substantially higher losses can be much greater too.

No Comments | Tags: Trading Advice

21 December 2009 - 13:47Broco offering 10 free lots of CFD trading

Before the New Year ten lots in CFD futures are for free!

For all Broco Customers there is a New Year Special Offer for the period from December 15 till December 31. Broco will cover all fees for the first ten lots in CFD futures contracts! Thus you will get only the profit without any costs!

If you will close the trading in CFD futures for the summary volume of ten lots (or more) during the indicated period, then Broco will cover all fees for the first ten trades. It does not matter which CFD instruments will be traded, the only important thing is that the summary volume of specified trades would be minimum ten lots. And of course, mini- and micro-contracts trading will be recognized as well — if the summary volume of such contracts is ten full lots, you will get the fees covered!

The amount of fees compensation will be transferred to the Clients’ live trading accounts as cashable funds in the period from January 01 till January 05, 2010.

Earn the profit on CFD with Broco!

Please note, that it is a question of full lots, not the deals. If you will trade in more than ten lots, you will get the compensation of fees for the first ten of them.

We would like to remind you that the New Year special offers and pleasant surprises from Broco are still taking place! On December 11 a special offer has started, under which every Broco Customer is going to receive a gift deposit to the trading account: you will receive the bonus at the amount of 10% of the difference between the amount that your are depositing and the amount that your withdrawing. This special offer is valid until December 31.

Close to the New Year — only the comfortable trading and no cost!

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25 November 2008 - 13:37Market Commentary 11/25/08

Well with actions of the last few days by the Fed it’s no wonder the dollar is falling. According to Bloomberg.com the Fed’s total outlays are now over $7 trillion during the crisis they created. The same day we took to the streets and demonstrated against  the Fed, the same day Kennedy was shot, Obama appoints the New York Fed head who has been the paymaster through all this to Treasury Secretary. This week more Fed spending was annoucnced and the dollar sank. With this massive infusion of liquidity at taxpayers expense no doubt the stock of the US the dollar will crash. If the US government was a corporation (it actually is btw) it’s stock would be pink sheeted. Since they have government fiat and the weapons to back it up it still lives. If it was truly the intention of the powers to be to create an Amero, they have certianly set the table properly.

No Comments | Tags: Commentary, Trading Advice

25 June 2008 - 16:45Trading Advice 6/25/08

Sell the dollar. If the fed and the treasury is just trying to talk the dollar up and it sure looks like they are then the market will call their bluff.  Aside from bargain hunting there is no reason to buy the dollar and since it has already rallied of it’s March lows it is not much of a bargain. Especially now that Iran is pushing for an OPEC petrol dollar or to start accepting gold instead. I like USD/JPY short with strong resistance having already been failed at 108.60 and plenty of room between here and 105.77 which I see as the next major support level. Today’s pathetic second test of the 108.60 level didn’t even make it to the figure before quickly reversing. Forex traders are not dumb, they know the dollar is worth less than 108 yen.

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13 June 2008 - 15:07Trading Advice 6/13/08

Let’s just wait and see what the G8 has to say after this weekend. Some of the dollar buying this week is based on an expectation of intervention to keep the dollar afloat. Perhaps the intervention has already occurred and it was of the verbal kind. The Japanese have proved in the past that this can be very effective, especially as the market has grown so fast the physical intervention is basically a drop in the bucket these days. We could see more strong dollar rhetoric coming out of the meeting which could help USD/JPY breach resistance levels at 108.60 but I don’t expect to see any real intervention occurring. More than likely Iran selling oil in euros and yen will be debated. There is no question that the U.S. is very bitter about it and that the Europeans are happy about it since they don’t have to by the dollar to buy oil all the time.

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3 June 2008 - 18:11Trading Advice 6/3/08

With the Fed today claiming that they would stabilize the dollar and the market reacting as planned it makes it a good time to short the dollar. AUD/USD seems likely to shoot up a good 50 pips when their GDP is released tonight as long as it comes in as forecast or better than predicted. $.95 is a tough nut to crack for the pair and I don’t think Bernake’s rhetoric will be enough to crack it tonight. It would take a pretty bad number to do that. So my advice is to get in and put stops in at $.9495 just in case and expect to see about 50 pips by morning.

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8 May 2008 - 23:21Trading Advice 5/8/08

Hope you all booked some nice profits on either USD/JPY short or GBP/JPY short today. I still see potential for these two pairs to fall further tomorrow, especially if the Dow breaks it’s support in Europe of the US tomorrow. The US trade balance at 8:30 is likely to be huge and give traders another reason to short the dollar in general but against the yen in particular. GBP/JPY could easily fall another 300 pips from here by Friday afternoon, although Friday’s are known for being the day when people exit positions and trades fizzle out so use trailing stops and watch out for reversals.

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7 May 2008 - 12:08Trading Advice 5/7/08

USD/JPY short is a good trade right now and I am in it currently. GBP/JPY is also a good short the way the numbers came out today from the UK.

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