About Me

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I am a full-time FX trader with 12 years' experience. I've worked professionally as a trader with a number of corporates and also a Sovereign Wealth Fund. The strategy that I employ is an adaptation of the "old-school" price action support & resistance strategy, using pivot points. Though my trading strategy & system can easily be applied to any currency pair, my current favourites are USD/JPY, EUR/JPY and GBP/JPY.

RTFX Tradertip Nostromo

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UPDATE: EUR/JPY Technical Analysis - Monday 18 January 2010

EUR/JPY Technical Analysis
by minibahn

Eerily quiet...

EUR/JPY Technical Analysis - Monday 18 January 2010

EUR/JPY Technical Analysis
by minibahn

RTFX Tradertip Nostromo Scenarios

Daily:
Elliott : extension wave down 129.7139.
Market should not go lower than 129.6951. After this move down it should go up to 131.5035 - 131.9020 area.

Weekly:

Elliott : flat correction down 129.2227.
Market should not go lower than 130.4540 - 129.1457. After this move down it should go up to 132.4895 - 133.2167 area.

Monthly:

Elliott : flat correction down 129.9450.
If market stays below 134.0565 a fall to 129.1927 is expected. If market breaks the point 136.2407 it could reach the sky.

minibahn Mafia:
Daily bias is short. EUR/JPY has gone as low as 130.07. It's plausible that the flat correction down has NOT YET completed. There's a confluence of pivots below: DS2 128.97, WS1 129.10 and MoS1 128.99 that attract.

EUR-JPY higher, new daily high close above DR1 133.44.

EUR-JPY higher, new daily high close above DR1 133.44.

Fixed Ratio Money Management

It's been a while since I last blogged about Money Management, what many consider to be the most important yet overlooked subject in trading. As one of the three (3) pillars of trading success (the other two being Mind and Method), I therefore feel that I have an obligation to share more of my thoughts on the matter.

Click HERE for more

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RTFX Daily Market Comments

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Featured FX Analyst

Featured FX Analyst
Nicole Elliot - Mizuho Corporate Bank
Nicole Elliott is a graduate of the London School of Economics and a member of the Society of Technical Analysis. She has worked in the City of London for over 20 years. Whether in trading, sales or as an analyst within the treasury departments of major international banks, technical analysis has formed the backbone of her methodology. As Mizuho Corporate Bank's senior analyst in London she covers the foreign exchange, interest rate and commodity markets and equity indices.

Mizuho CB's website: http://www.mizuho-cb.co.uk/

The Research section contains Technical Analysis, Start The Day (economic releases and events to watch for) and Weekly Market Commentary.

My personal favourites are naturally her FX-Yen Technical Analysis. They're a must read. Click HERE.

Latest RTFX Tradertip Analysis

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Featured Technology

Featured Technology
My Favourite Trading Platform
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Founded in 1999, Currenex offers corporate and institutional buyers and sellers in the FX and money markets reliable, low-cost and secure electronic access to the $1+ trillion a day global FX market. Our suite of award-winning services and comprehensive, unrivalled integration capabilities with custom-built and third party trade and settlement systems provide complete FX trading and workflow processing solutions to hundreds of clients, worldwide.

Currenex is a wholly owned subsidiary of State Street Corp (www.statestreet.com), the world's leading provider of financial services to institutional investors. State Street has $11.9 trillion in assets under custody and $1.7 trillion under management.