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  1. W

    The Wallace Trading Method

    For Monday March 25/13 what's delaying Cyprus - the lawyers, tax and financial advisors to the Russian bank depositors who are also mps and voting whether their clients should lose a wack of money to bailout Cyprus the price may well close up on the day but the overall trend is down. I...
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    The Wallace Trading Method

    For Friday March 22/13 the euro looks as tho it could fall to 1.2820 and hold there. below that 1.2777 and below that 1.2679 upside, 1.2915 ? 1.2926 ? back up to 1.2974 ??? seems like a long way up but this is another difficult move to second guess basing it on if that's legitimate a...
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    FXCM Discussion

    when will FXCM Canada cfds be available for trading ?
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    The Wallace Trading Method

    'Analysis: ECB prepared to let Cyprus go, protect others' by Paul Carrel FRANKFURT | Wed Mar 20, 2013 12:35pm EDT "(Reuters) - The European Central Bank is prepared to cut off funding to Cyprus and let the Mediterranean island succumb to financial meltdown if it has to, confident it has...
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    The Wallace Trading Method

    For Wednesday March 20/13 price bases during these first 2 ? hours - if it hasn't already, then a rally ? not a lot of upside, 1.29-2920 , probably a Lot of sideways movement until the FOMC then the decline, , , or could the price decline to the FOMC and then rally ? price could of...
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    The Wallace Trading Method

    att: http://www.xe.com/currencycharts/?from=EUR&to=USD chart of the euro dump on Sunday/Monday first Sunday I didn't look at XE prior to writing the analysis, not that it'd have made a difference. what's amazing is how the price dropped about 140 pips and then went back up by the same...
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    The Wallace Trading Method

    For Monday March 18/13 what I'm thinking is, first, I don't know what the price is going to do, but working with the idea that the $ upside hasn't finished yet aside from the Flash, Zews and US stuff the main fundamental is the FOMC, and while we do not expect any increase in the FFR...
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    FOMC Meeting; time change for Announcement

    the March 19-20 FOMC policy meeting is expected to leave policy rates unchanged. Also, the Fed will release its quarterly forecast at the same time as the statement. The policy statement is released at 2:00 p.m. ET after the conclusion of every FOMC meeting regardless of whether there are...
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    'Germany's anti-euro party is a nasty shock for Angela Merkel'

    by Ambrose Evans-Pritchard 5:00PM GMT 10 Mar 2013 "Political revolt against the euro construct has spread to Germany. A new party led by economists, jurists, and Christian Democrat rebels will kick off this week, calling for the break-up of monetary union before it can do any more...
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    The Wallace Trading Method

    For Friday March 15/13 'the weekly hasn't had a wave break yet' - should have stuck with that and not brought the $ into it, although . . . the $ did make a new H yesterday, the euro did make a new low; the $ has made what looks like a reversal formation, the euro has made what appears...
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    '10 things you need to know to follow the MFF negotiations'

    'Long-term EU budget negotiations: EP sets out its stance' Plenary Session Budget − 13-03-2013 - 16:20 "Parliament rejects the 8 February European Council conclusions in their current form. MEPs want more flexibility and efficiency within the budget. The resolution - prepared by the...
  12. W

    The Wallace Trading Method

    the budget was voted down but not out I think, negotiations to follow For Thursday March 14/13 the price finally broke down yesterday rather than on Monday as I'd thought, but not as low as I'd expected, better late than never what I'm thinking is the price goes down again and then...
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    '10 things you need to know to follow the MFF negotiations'

    'National egos tame Parliament’s ire over EU budget' Published 12 March 2013 "The five leading political groups in the European Parliament, representing the vast majority of MEPs, adopted on 7 March a strong-worded joint ‘Motion for Resolution’, which rejects the proposal for a...
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    The Wallace Trading Method

    For Wednesday March 13/13 this is a tough correction to try and interpret much less second guess a resolution to reject the budget adopted on 7 March representing the vast majority of MEPs is itself now seeing some rejection, so the vote may be a 'yes - But' which may or may not be...
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    The Wallace Trading Method

    For Tuesday March 12/13 I don't believe a base has formed and a new rally is beginning, rather a correction and feeding into the Budget vote on Wednesday, something similar to last week so far the price's corrected to a 50 , there's a couple of 61s in the 1.3060s area then above that the...
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    The Wallace Trading Method

    all trades closed except for 3 losing trades, and back to session analysis — see attached for details For Monday March 11/13 the DX$'s H was 82.945 . the D is up to a couple of 61s and a couple of time targets but the C was 82.731 at the ml of a sec, which all suggest it'll keep going...
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    The Wallace Trading Method

    For Friday March 8/13 omitting the trades list, if a trade takes place I'll just post it writing a mini report for the weekend – observations on the 'ch- ch- ch- changes' . . . . . . . . . . . . . . . . . . . . . . Prior . . . . Consensus . . . Consensus Range Nonfarm Payrolls -...
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    I think I figured out why trading can never work for so many people

    fx trader profitability in Q4/13 ranged from 22.7% to 46.5% - or if you prefer - losing traders ranged from 77.3% to 53.5% of US brokers' clients http://forexmagnates.com/q4-2012-forex-traders-profitability-report-us-forex-market-keeps-losing-brokers-and-accounts/ a trader enters a Buy in...
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    The Wallace Trading Method

    added: Nat Gas don't think session analysis, correct or incorrect has a place with B&H trading, so will leave it out. although this change to B&H trading is something I'm still working on, s'ok at the moment, everything's working together, just wonder how it'll be when there's corrections...
  20. W

    The Wallace Trading Method

    updates on the DX and EURUSD, otherwise the same For Wednesday March 6/13 -- DXUS$: Buy ~ 81.5850 ~ Hold one ? more day of correction AUSUSD: Sell ~ 1.03182 ~ Hold - EURUD: Sell ~ 1.31896 ~ Hold the next 2 days could see the price go to 1.3086 area, maybe 1.31 the price could...
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