by Ramki | Oct 14, 2008 | Forex
“Sweet is the memory of distant friends! Like the mellow rays of the departing sun, it falls tenderly, yet sadly, on the heart.” Washington Irving. I have added two new pages for my old friends in the market. (They are right at the top, next to the ‘About” page). Do...
by Ramki | Oct 13, 2008 | Jpy
Sooner or later we are going to get a corrective bounce in USD/YEN. But the downtrend is still strong and we should be willing to try shorts at key levels. If we surge higher today, then you can sell above 101.70 with stops at 101.88. If the move happens tomorrow,...
by Ramki | Oct 9, 2008 | Euro
We have had a fairly straight forward decline in the EUR/USD from 1.4565 area. All corrections till recently have been quick and relatively simple in structure. This means the time is ripe for a complex correction. The euro has been doing precisely this, undergoing a...
by Ramki | Oct 9, 2008 | Euro
We have had a fairly straight forward decline in the EUR/USD from 1.4565 area. All corrections till recently have been quick and relatively simple in structure. This means the time is ripe for a complex correction. The euro has been doing precisely this, undergoing a...
by Ramki | Oct 7, 2008 | GBP
The beating that the Royal Bank of Scotland took today is not the sole reason for Sterling’s sharp downmove. The market is really nervous about which other big institution is sitting there with a load of worthless assets. ( As an amusing aside, this quip, also from...
by Ramki | Oct 6, 2008 | Euro
Just to let you know that the EURO will remain under pressure till its medium-term objective near 1.25 is met. Until we get there, it will be easier and more profitable to trade from the short side. When we reach a low-risk sell level, I will inform you through these...
