Forex Howto

Have been doing a bit of trading and it’s been quite good for me getting 60-150pip profits with relative ease.
This success has come by buying the tips in AUD/USD, EUR/USD and the bounces in the USD/CAD, essentially shorting the USD. I’ve been using Heiken Ashi charts on different timeframes to pick the changes in short [...]

I’ve been extremely quiet on the trading and blogging front for the last few months. The reason for this is that I’ve started a new fulltime job which is enjoyable though has been keeping me a little too busy.
On the trading front, I haven’t logged into my account for a LONG time.
I will get back [...]

An interesting article about china showing signs of massively increasing their gold reserves. I’m taking this as another good sign for shorting the dollar soonish (long term perspective).
China’s fears that America’s $700 billion bailout plan may make the US budget deficit balloon to well over US$1 trillion this fiscal year.
The US government will fund the bailout [...]

Publishing my trading performance was a stupid decision, ever since I’ve gone backwards.

One of the books I’ve got on my recommended books page is the (mis)behaviour of markets, by Benoit Mandelbrot. I found this video on Trader Mike’s blog and thought it was very interesting, I prefer Mandelbrot to Taleb (a bit too much sensationalism for my liking).

In my day job I have a currency hedging requirement and I’ve been thinking about how best to resolve it.
I’m in Australia and need to provide a quote for a service in Australian dollars. A supplier of the service is located in the US and I pay them US dollars.
Doing the hedge is rather straight [...]

I’m a big fan of cartoons, cartoonists are great at saying a lot without using many words.
This one is by Michael Ramirez.

I came across rather funny microblog today called Sad Guys on Trading Floors. It’s pictures of traders with some excellent captions.

With so many bargain stocks around at the moment I’m thinking about buying some as an investment, my problem: finding a good Australian broker with low transaction costs.
I’ve had a look at the typical banks (Westpac, Commsec, Macquarie Bank and etrade though it’s not a bank) for buying shares, the impressions I got from looking [...]

If you feel at a loss for words to describe the now global financial cover, this spoof cover floating around the internet for September’s Economist says it all:

The Economist Sums Up Financial Crisis: “Oh Fuck!”