by Ramki | Oct 24, 2008 | GBP
I have been looking for Sterling to find support around 1.5850 because that area (as marked in this chart) was respected several times in the past 20 years. But today is a different story. Incredible as it seems, we were at 1.75 just 4 days back, and today’s low was...
by Ramki | Oct 21, 2008 | Inr
I have great respect for people who put in a lot of thought and come up with fundamental reasons why a certain move should take place. Thus, when I read a report from a leading (investment) bank that the Indian Rupee could reach 57 to the Dollar, I took the time to...
by Ramki | Oct 21, 2008 | AUD
Traders often lose money when trying to squeeze additional profits during a complex correction. Wave theory is quite clear. Corrections tend to alternate between simple and complex patterns. Also, the market tends to correct a prior impulse wave both in time and...
by Ramki | Oct 19, 2008 | Jpy
Anyone who has traded the Yen knows that it is a different animal from the rest of the pack. But there is one undeniable fact about this currency, it is a trending currency. Once it sets off on a trend, it stays with that trend for a long time. I am not going to say...
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...
