How to buy a farm house by trading markets!

[yasirdxb]

Usd/cad. where is it headed?

A sustained break above 1.3000 may reach as far as 1.4000 levels. even though many previous attempts to break this levels has failed, the pressure is still there and the COT report also suggests an upside breakout. there is Canadian employment report due tomorrow. may be we wil see some action.

News bits:-
USD/CHF made a huge jump of over 300 pips immediately after the SNB firmly implied that the it wants the Swiss Franc down. The Swissy broke a major resistance line on the way, and is heading north very fast.

 

[yasirdxb]

New Trade:-

Gbp/usd short @ 1.4110 - stop loss @ 1.4525 - target @ open
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[yasirdxb]

New Trade:-

Gbp/usd short @ 1.4110 - stop loss @ 1.4525 - target @ open
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Trade closed @ 1.3900

P/L = +210

Total P/L = +45

New Trade:-

Usd/cad long @ 1.2660 - stop loss @ 1.2460 - target @ open
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News Bits-

Discounts probably kept a lid on U.S. inflation in February as retailers tried to spur purchases following a record slump, economists said before a report today. Excluding food and fuel, consumer prices probably rose 0.1 percent last month after increasing 0.2 percent in January, according to the median forecast of 69 economists surveyed by Bloomberg News. A rebound in fuel costs pushed overall prices up by 0.3 percent for a second month, the survey showed. Merchants from Nieman Marcus Group Inc. to Costco Wholesale Corp. are cutting prices to clear store shelves after retail sales dropped in each of the last six months of 2008.

 

[yasirdxb]

New Gold long trade

Xau/usd long @ 885.00 - stop loss @ 855.00 - target @ open

Open Trades:-

Usd/cad long @ 1.2660 - stop loss @ 1.2460 - target @ open
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[rishikesh_m]

Myself looking for a farmhouse... but rather at any good location in India... plenty cheap land availale around dams in outskirts of cities or places of spiritual significance like Rameswaram etc..

Try Tiruvannamalai in TN which is a very spiritual place and land should be available very cheap.

However, you might be at risk to lose interest in trading if you are in a place like that ..


regards

 

[yasirdxb]

Going flat here

Usd/cad long @ 1.2660 - stop loss @ 1.2460 - target @ open

Stop loss hit @ 1.2460

P/L = -200

Xau/usd long @ 885.00 - stop loss @ 855.00 - target @ open

Trade closed @ 938.00

P/L = +530

Total P/L = +375 pips.
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[yasirdxb]

Re-establishing Usd/cad long trsde here...

Usd/cad long @ 1.2290 - stop loss @ 1.1880 - target @ open

 

[yasirdxb]

News Bits
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By purchasing long-term U.S. Treasury securities, the Fed has confirmed that its solution to the debt crisis is more of the cheap money policies which caused the problem in the first place, and risks reigniting commodity prices.

The Yen has started to give back some of its gains against the dollar and has fallen to its lowest level against the Euro on the year. We may continue to see Yen weakness as the Japanese government continues to buy government bonds. The rapid deterioration of the Japanese economy may necessitate increased efforts from the central bank which will continue to be a weighing factor for the currency.

Canadas strong dependence on international trade leaves its currency at the mercy of international demand, and forecasts for a global economic recession bode poorly for the downtrodden Canadian dollar. According to 2008 estimates, Canadian exports amount to approximately 30 percent of domestic GDP. Recent January figures show that said exports plunged 18.2 percent on a year-over-year basis. Clearly, a continuation in the ongoing trend will have substantial effects on domestic GDP.

 

[ace-trader]

These aren't the best of times to be making enough money off of trading. Its probably best to invest for a longer time.

That is just my view.

 

[yasirdxb]

New Trade:-

Eur/usd long @ 1.3520 - stop loss @ 1.3320 - target @ open

Open Trades:-

Usd/cad long @ 1.2290 - stop loss @ 1.1880 - target @ open
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News Bits:-

Investors should buy the British pound against the yen on speculation the U.K. governments strategy to pump money into the financial system will boost financial shares, said BNP Paribas SA, Frances largest bank.

UK inflation defied expectations to rise in February for the first time in five months, triggering another exchange of letters between Mervyn King, governor of the Bank of England, and Alistair Darling, chancellor.