It is a great question. Here are some tips to follow:
1)Play the ranges. Since there is no a specific trend for the pairs. One option is th sell when its high and buy and its low. For that, you have to check the top and bottom. Be careful, though. You have to watch news. Because, if another catasthropy occurs, such as Japan Earthquake, then the market will go out of wack and you can end up losing money, big time.
2)Check the S&P 500. As long as its less than $1300, you have a high chance to play short AUD pairs to the downside. ideally, you have to do this, when, it has reach or close to a limit high, from a day, 3 hours or 1 hour chart. Again, news can affect this big time. To check this number, go here: http://ca.finance.yahoo.com/q?s=%5EGSPC
God luck and be careful!!
Thursday, March 24, 2011
Thursday, March 17, 2011
Follow Fibonacci Retracement Technic.
One question, I always get ask is: where can I find a good guideline when to buy or sell a determined currency pair? It is a tough question, to answer. There are so many methods to be learned. To me, one of the best techniques is the Fibonacci Retracement Technic. With this technic, you pick the high and low point of a currency pair for a particular time frame such as 1 hour or 1 day. Then, you divide it in 5 parts:100%, 61.8%, 50%, 38.2 and 0%. The top level is 100% and the bottom is 0%. Most currency platforms have this option in it. Check out this link: http://www.investopedia.com/articles/technical/04/033104.asp
This will give you a visual of the fibonacci levels. Study it, use it and make money!
This will give you a visual of the fibonacci levels. Study it, use it and make money!
Tuesday, March 15, 2011
Watch the stocks this morning.
As the Japan situation gets worst, Stocks are morelikely continue going down. This could means, US/CAD could be a long candidate. In fact, it could reach over 1 dollar in the next hours to come. On the other side, AUD/USD and EUR/USD and GBP/USD and GBP/JPY are possible candidates to go down. It is important to use pull back strategy when entering a trade. This means, buy when is low and sell when is high.
Monday, March 14, 2011
How important is having a Stop Loss in your trades.
On Friday, Japan had the worst earthquake in its history. This natural disaster made the 4x master run wild. For those of you who were going long the european currencies learned that having a stop loss in crucial. No body can predict what can happen. Thus, a stop loss is the way to insure you don't lose all your capital.
It is my hope that you got stop out and not lost your entire capital. If you did, it is time to make the habit to create a stop loss for each trade no matter how small or big it is.
It is my hope that you got stop out and not lost your entire capital. If you did, it is time to make the habit to create a stop loss for each trade no matter how small or big it is.
Thursday, March 10, 2011
Watch OUT Tonight, Still Bearish at the EURO Zone!
There are so many factors which could contribute for the EUR, AUD and GBP pairs to continue their bearish. Those are:
1)Down Jones finished negative today. It finished with -220 points. From the beginning, the DJ started a -150 points. From the point it recovered to go as high as -80 points. But, most of the period, it stayed over -170 points.
2)Saudi Arabia Crisis. Now, the turmoil starts in this country. This provided insecurity for investors, since Saudi Arabia is the largest exporter of Oil around the world.
3)Muammar Gaddafi's, Libia's president forced attachs against oil towns.
4)Euro, GBP & AUD all currencies dropped with no sign of recovery.
5) S&P 500 finished less than 1300 level. This is a psychological level for the stocks.
So, its (probable) to see further downward trend in the European currencies.
1)Down Jones finished negative today. It finished with -220 points. From the beginning, the DJ started a -150 points. From the point it recovered to go as high as -80 points. But, most of the period, it stayed over -170 points.
2)Saudi Arabia Crisis. Now, the turmoil starts in this country. This provided insecurity for investors, since Saudi Arabia is the largest exporter of Oil around the world.
3)Muammar Gaddafi's, Libia's president forced attachs against oil towns.
4)Euro, GBP & AUD all currencies dropped with no sign of recovery.
5) S&P 500 finished less than 1300 level. This is a psychological level for the stocks.
So, its (probable) to see further downward trend in the European currencies.
Tuesday, March 8, 2011
Watch out for the Day of Rage in Saudi Arabia.
After hearing rummors the president of Lybia will step down, crude oils ceased to raise from 2 1/2 year high. So, it could be an oportunity to go bullish in US currency. But, that might not last that long.
On March 11 & 20th of 2011, there will be a Day of Rage in Saudi Arabia. Goverment protesters will marching against government policies. So, what does that means to 4x? It means, there is a big chance that could cause the barrel of oil to skyrock. If you don't know, Saudi Arabia is the #1 oil exporter around the world. So, it is your duty to watch out dollar index and any USD dollar pairs. This could cause the stock market to continue its bullish movement. In other words, on March 11, watch out the AUD & EUR currencies. they might reach new highs. While US currency can drop far more.
For sure, it will be an interesting week in the 4x market for sure. If I were you, I will not keep any position trades in this week. Anything goes!!!
On March 11 & 20th of 2011, there will be a Day of Rage in Saudi Arabia. Goverment protesters will marching against government policies. So, what does that means to 4x? It means, there is a big chance that could cause the barrel of oil to skyrock. If you don't know, Saudi Arabia is the #1 oil exporter around the world. So, it is your duty to watch out dollar index and any USD dollar pairs. This could cause the stock market to continue its bullish movement. In other words, on March 11, watch out the AUD & EUR currencies. they might reach new highs. While US currency can drop far more.
For sure, it will be an interesting week in the 4x market for sure. If I were you, I will not keep any position trades in this week. Anything goes!!!
Sunday, March 6, 2011
EUR/USD could NOT hold 1.4000
As much as the EUR/USD fought to stay at 1.4000, it could not hold it. Similar situation happened with AUS/USD. It could not break 1.0200. And the biggest dissapoinment USD/CAD. Even though the Dow Jones was down 150 points, it was not enough force to drive the USD dollar index bullish. Could this be the beginning of a double dip recession in United States. Can the dollar lose its international status as the main currency around the world? Watch out, the USD/CAD pair could continue dropping far more. Unless, Canada decides to intervene the lonnie.
The situation in Lybia makes the Oil continue climbing. So, people fear for oil shortage. Thus dollar continue being theartened to drop much more. The question is: Are people around the world worrying more than they are suppose too? Lybia is not the major oil producer around the world. And also, Saudia Arabia has mentioned already that will take over any oil problems over. What do you think?
The situation in Lybia makes the Oil continue climbing. So, people fear for oil shortage. Thus dollar continue being theartened to drop much more. The question is: Are people around the world worrying more than they are suppose too? Lybia is not the major oil producer around the world. And also, Saudia Arabia has mentioned already that will take over any oil problems over. What do you think?
Friday, March 4, 2011
NFEC at 6:30am ET - Friday March 4th, 2011
Non Farm Employment Change will produce a significant movement in the dollar index. The question is: Would it go high if Employment expectactions for February were better than January? Or would it go down as US is predicted to have a 9.1% unemployment rate.
Let's find out at 6:30am. Ideally, it is not recomended to have any trades before this news event. Just wait and see the show.
Let's find out at 6:30am. Ideally, it is not recomended to have any trades before this news event. Just wait and see the show.
Currency Trading: Welcome to 4xMaestro Blog
Currency Trading: Welcome to 4xMaestro Blog: "Hi Everyone: My name is Armando Rios, I am a successful currency trader for the past 5 years. This blog is designed for you, the 4x trader ..."
Thursday, March 3, 2011
Welcome to 4xMaestro Blog
Hi Everyone:
My name is Armando Rios, I am a successful currency trader for the past 5 years. This blog is designed for you, the 4x trader who wants to have a better understand of how the 4x Market works. You will learn the Do's and Don't. Also, I will cover and give you tips and hints of what to look for when trading. I hope you have a great time. And let's have fun, Making Money!
My name is Armando Rios, I am a successful currency trader for the past 5 years. This blog is designed for you, the 4x trader who wants to have a better understand of how the 4x Market works. You will learn the Do's and Don't. Also, I will cover and give you tips and hints of what to look for when trading. I hope you have a great time. And let's have fun, Making Money!
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