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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 6 - PROSTICKS ICHIMOKU FOREX TECHNICAL REPORT FOR EUR, GBP, JPY, AUD & GOLD Nov 06 2009 01:37 am (EST) Story By: ProSticks EUR Market closed as a cross in front of G-20 meeting over the weekend. The meeting should be another non-event one like the FOMC meeting this week. Sit tight with long, move stop to 1.4710 to minimize risk. GBP Market closed consecutively above kumo endorsing our bullish bias made yesterday. Our previous sell on rally strategy will now change to buy on dip. AUD Yesterday’s low was 3 pips higher than our stop. Our long position remained intact. Chartwise, bulls have the upper hand. Sit tight with stop at 0.9020. JPY US congested inside daily kumo giving no clear direction. Sit tight with short move stop down to break even to minimize risk. Anything can happen in nowadays FX market. GBPJPY Yesterday’s inside day made market featureless. Suggest to sit aside. EURJPY Market popped up and closed back above daily kumo. We still enjoy a small profit on our short position. Suggest to liquidate short position this morning for the small profit. GOLD Market consolidated over the high and did not make any decent retracement made us think that there is still a good upside potential. Sit tight with long with break even as stop. |
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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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