No Bullshit Forex Blog, A Part of No Bullshit Network

Somehow I think this might be relative to our favorite USDJPY, GBPJPY and EURJPY with his sudden decision to quit.

From Reuters,

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe abruptly announced his resignation on Wednesday after a year in power dogged by scandals, an election rout and a crisis over Japan’s support for U.S.-led operations in Afghanistan.

Read the full post of Shinzo Abe Steps Down as Japan Prime Minister

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Caught fire with the NFP result? Shouldn’t be if your a technical trader!

Forex Factory:USD

Nonfarm Employment Change

-4K

110K

68K

GBPUSD

All duration charts were showing the candles are above 200ema/sma lines. MACD shows that there’s decent strength still for the buy side, and the breakout on the top trendline since the candle is closer towards the top (Easier to break the resistance)

Read the full post of NonFarm Payroll Results, Lets Get Back And Look At The Technicals

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DailyFX has been my daily fixtures for forex articles. I find this one particularly interesting.

What Will the Dow ‘September Effect’ Do to Carry Trades?

Before we go any further on commenting, let’s add a term to your trading knowledge on Carry Trade.

Definition of Carry Trade from Investopedia,

Read the full post of What is Carry Trade? US ‘September Effect’?

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Thanks to Jaclyn for this update.

Guys if you’re around the area, pop by! I wouldn’t be there because of my geographical location, but hey. You get to learn and see what sort of things you can pick up!

FXCM announced that its next Currency Trading Expo will be held on Saturday,
September 15th at the Los Angeles Convention Center.

Read the full post of If You Happen to be in Los Angeles.. It’s Forex Trading Expo Time!

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As you can see, our HYIP blog was ddosed again. Things happen whenever we update everyone with a scam warning. Sad to say, our mailing list resides in the HYIP blog, so I can’t get all the updates through in time if this thing is to happen again.

Read the full post of Getting Everyone Updated with Investment and Forex News

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Wishing everyone a happy holiday today. It’s time to take a break!

3rd September - US Labor Day

I’d usually try not to trade during US or any major holidays. (ps. Just not worth the time, try resting instead!)

Popularity: 10% [?]

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GBPUSD

Chances of this pair ranging in between this region is quite high. I’ll short at 2.0078 or long at 2.0235.

GBPJPY

Its more bias to be shorted than to long at the moment with the MACD probable reversal on H4 to the down side. Note where the 200EMA/SMA lines are.

EURUSD

Read the full post of Weekly Forex Technical Analysis - 2nd September 07

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I’ve seen this since a few years back when I started out with HYIPs and was wondering what is this all about.

Phildunn (the same guy who always update us on Marketiva) has this site up donkey ages ago and I was wondering why didn’t I introduce this site long before. He has painstakingly compiled many pdf forex books and have them available for downloads all in one page.

Read the full post of Forex E-books for Download

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Thanks to Phildunn on Nobsnetwork for the update on Marketiva.

  Announcement from Marketiva:

Due to potential issues with E-Gold digital currency system, Marketiva
Corporation will not accepted deposits and withdrawals by E-Gold from
today to control related financial risks. In order to check payment methods
available please visit Payment Options on Marketiva - Payment Options page.

Read the full post of Marketiva Drops E-gold Completely

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Been talking alot with Dan from Life Holdings lately, he’s a fantastic tech trader despite being such a young age. Take a look at these simple charts and see if you can understand the interpretation.

Current GBPJPY 4 Hours Chart

Current GBPJPY 1 Hour Chart

Current GBPJPY 1 Hour Chart - Range

Read the full post of Chart Tutorial Time! How Well Can You Read These?

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