Tuesday, October 4, 2011
We started this webinar by providing members with a brief overview of the recent fundamental landscape in the global market and how it is necessary that you understand the reasons for the risk averse sentiment during this trading week. China is currently experiencing a soft patch in their economy and this will worsen if Europe does not get its act together. We also talked about the potential trade & currency war that could be brewing between China & the USA as Congress pushes for a bill to enforce China to stop the intentional weakening of their currency. So, with all of the headline risk in the market, we are seeing a flight to safety move in different asset classes as investors begin to shift their capital to low yielding currencies, like the USD & JPY.
During the second half of this webinar, we also placed a few live trades for the EUR/USD pair using the Slumdog Forex Trading Approach.
Wednesday, October 5, 2011
This is a video of 2 sample trades that I entered earlier on the EUR/USD pair, during the New York Trading Session.
The first trade was prematurely stopped out at the break even point for a 0.19% gain and my second trade was closed out at 15 pips for a gain of 4.06%.