Monthly Summary:
Number of Trades: 23
Winning Trades: 18
Losing Trades: 5
Total Pip Gain/Loss: +1,194.1
Yesterday:
Yesterday Pip Gain/Loss: +454.9
16 Jan 2012 Daily review by myfxpedia.com:
16 Jan 2012 Daily review by myfxpedia.com:
There isn’t much news early in the week this week beside of what we already aware of. What interesting on the fundamental ground is that the US is facing with a probable of defaulting its debt repayment if the debt ceiling isn’t raise over the coming 4 weeks or so as Geithner had advise the President Obama that they are running on empty tank and possibly will stop dead in the middle of February if the issue of raising debt ceiling is not resolved. On the other side of politics, the Republicans are playing hard head with many of majority of Republicans publicly saying that they will let the country go into default if the Democrats not agreeing to cut Government spending. Oh well, market storm ahead folks.
Also, The other day we have ECB President Draghi projecting an upbeat tone on the Euro Zone and that send the Euro roaring to the upside – Fact is, we don’t know what he has for breakfast that day to actually believing that the Euro will soon see light at end of tunnel. Anyway, Yesterday we have the European Union President Juncker came out saying that EURO exchange rate is dangerously high – which in our view is true to the core – what is best for the Euro is to have a lower Euro so that they can attract investors which in turn will give their ailing economy a boost. And with that statement of President Juncker immediately send the Euro lower. Oh well, Draghi (Druggy) was probably on drug and feeling high and therefore higher Euro while Juncker (Junky) love to spend every cents and therefore sending Euro to junk. Joking.
Impact News today:
08:30 am (NY) USD – Core CPI
07:30 pm (NY) AUD – Employment Change; Unemployment Rate.
Trading Positions:
We are now in mid month of January and so far most of our trades turn fruitful, with another 2 weeks to go our aim is to this as a record month in pips gain. Our record currently stands at 1400 pips for the month of October and we are currently only another 200 pips short to take out that record.
Below are the charts of EURJPY on Daily, H4 and H1. You can also view the Weekly chart that we posted last Monday.
EURJPY – Daily
EURJPY – H4
EURJPY – H1
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