2009 October 25 | Gav's trading blog

Archive for October 25th, 2009

What is your target of $GBPUSD

Posted on October 25th, 2009 in Trading Journal

So how much downside of Cable are we looking at? Well, I am looking at 1.6130-1.6140. Make sense? What do you think?
Here is the…. CHART!

Some technical statistics here

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Tags: FX, GBPUSD, Trading Journal

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NFA new margin requirements

Posted on October 25th, 2009 in Trading Journal, news

This is not a breaking news, just a reminder to my readers since THE change is coming in around a month time. Official date given by NFA is 30th November 2009. CFTC approved NFA amendments to Section 12 of NFA rule book, which requires FDMs to collect a margin deposit of 1% of the notional [...]

Tags: Broker, CFTC, FX, margin requirement, NFA

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“In the world of money, which is a world shaped by human behavior, nobody has the foggiest notion of what will happen in the future. Mark that word - Nobody! Thus the successful trader does not base moves on what supposedly will happen but reacts instead to what does happen.”

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