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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 5- PROSTICKS ICHIMOKU FOREX TECHNICAL REPORT FOR EUR, GBP, JPY, AUD & GOLD Nov 04 2009 07:11 pm (EST) Story By: ProSticks EUR Our stop buy order was triggered. Sit tight with long, move stop to 1.4670. We shall move stop up aggressively after G-20 meeting over the week end.. GBP Gbp closed well above daily kumo with a very bullish pattern. We have been bearish for quite some time and now we have to adjust this sentiment. Suggest to sit aside till G-20 is over. AUD We were right to assume that bulls have come back. Aud closed with lower extreme tail at 0.8980 confirmed our thinking. Sit tight with long, move stop up to 0.9020. JPY Market closed with upper extreme tail at 91.00 capped by the thick descending kumo confirmed our bearish bias. Sit tight with short with stop at 93.20. GBPJPY Market reversed and our short was stopped out at break even leaving seversal hundred pips profit on the table. We shall consider it a blessing for not making a loss. EURJPY Yesterday’s high missed our stop by less than 20 ticks. Sit tight with short with stop at break even. GOLD Up trend continued. We cannot see how high it can go. As we always remind ourselves, when market break all time high, never try to pick top. Sit tight with long, move stop up to break even. |
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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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