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ProSticks Address: 111 John Street, New York, N.Y 10038 Phone #: 5168224162 Website: http://www.forextv.com/Forex/ProSticks/Forex-Charts.jsp About: The company was created on premise of creating products that aimed at providing institutions with easily-deployable, modularly structured, open architecture and scalable financial software solutions. Products Offered:
Disclaimer: Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Forex (or FX or off-exchange foreign currency futures and options) trading involves substantial risk of loss and is not suitable for every investor. The value of currencies may fluctuate and investors may lose all or more than their original investments. Risks also include, but are not limited to, the potential for changing political and/or economic conditions that may substantially affect the price and/or liquidity of a currency. The impact of seasonal and geopolitical events is already factored into market prices. The leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds and such may work against you as well as for you. Past results are no indication of future performance. Information contained this web site is intended for informational purposes only and was obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. ProSticks Archive » NOVEMBER 4- PROSTICKS ICHIMOKU FOREX TECHNICAL REPORT FOR EUR, GBP, JPY, AUD & GOLD Nov 03 2009 07:36 pm (EST) Story By: ProSticks EUR Eur is building a bottom above daily kumo. We shall keep our stop buy order at 1.4840 for one more session. GBP Gbp closed with upper extreme tail at 1.6430 and capped by daily kumo upper band made market featureless. Aggressive trader shall stop sell at 1.6310 (if trade below 1.6320 for over an hour). If fill, stop at 1.6520. AUD We jumped back on the bulls wagon again. RBA has never raised rates three meetings in a row, next meeting will only be held in Jan. With this background facts, Aud will be immune to interest rate uncertainty at least till Jan 2010. Aud will resume uptrend. Sit tight with long with stop at 0.8820. Aggressive traders can add long if close above 0.9140. We shall discuss the stop when it is filled. JPY Market traded exactly as predicted within narrow range. Daily kumo is very thick and descending giving a huge overhead resistance. Sit tight with short with stop at 93.20. GBPJPY Market congested inside daily kumo did not change our bearish bias. Sit tight with short with break even stop. EURJPY Market was very nervous trading violently inside daily kumo with high low covering the upper and lower band. Sit tight with short with stop at break even. GOLD It is another break to the upside. We were fortunate to get on board punctually. In mid-Sept. huge downward pressure upon gold prices was due to the IMF tentative sale for 403 tons. Now, IMF sold half the gold so readily and swiftly to a single buyer (India) removed the tiny trace of bearish sentiment. Gold has ran into a one way street, North. Sit tight with long with stop at 1039. We do not want to project how high it can go. |
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| RISK DISCLAIMER: By using this web site you agree to its terms and conditions. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Forex (or FX or off-exchange foreign currency futures and options) trading involves substantial risk of loss and is not suitable for every investor. The value of currencies may fluctuate and investors may lose all or more than their original investments. Risks also include, but are not limited to, the potential for changing political and/or economic conditions that may substantially affect the price and/or liquidity of a currency. The impact of seasonal and geopolitical events is already factored into market prices. The leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds and such may work against you as well as for you. Past results are no indication of future performance. Information contained this web site is intended for informational purposes only and was obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. | ||||
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