tag:blogger.com,1999:blog-72096801865098474222024-03-13T10:35:43.032-07:00RCT FOREXRCTFX----
GIVING YOU THE STRAIGHT DOPE ON WHAT'S GOING ON IN THE MODERN FX WORLD. BROUGHT TO YOU BY RCT FX!RCT FXhttp://www.blogger.com/profile/04948270549256996440noreply@blogger.comBlogger29125tag:blogger.com,1999:blog-7209680186509847422.post-71801635011214863902012-08-13T21:05:00.002-07:002012-08-13T21:05:57.560-07:00check it!<div dir="ltr" style="text-align: left;" trbidi="on">
could it be possible? repeal dodd frank now!</div>
RCT FXhttp://www.blogger.com/profile/04948270549256996440noreply@blogger.com0tag:blogger.com,1999:blog-7209680186509847422.post-18191254300593111222012-07-31T21:47:00.002-07:002012-07-31T21:47:29.741-07:00AUD/USD FINALLY FALLINGNEWS FROM BLOOMIE! WILL BE BACK WITH SOME GREAT EA REVIEWS SOON!<br />
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http://www.bloomberg.com/news/2012-07-31/aussie-dollar-near-4-month-high-before-fed-decision.htmlRCT FXhttp://www.blogger.com/profile/04948270549256996440noreply@blogger.com1tag:blogger.com,1999:blog-7209680186509847422.post-34123086602340928552012-07-24T09:01:00.003-07:002012-07-24T09:01:56.893-07:00MORE BAILOUTSWell, its the same old story in this humble writer's opinion for the Eurozone. <a href="http://www.bloomberg.com/news/2012-07-24/euro-nations-ready-to-act-on-spain-as-yields-surge-frieden-says.html">Bailout</a>. Everybody gets nervous for a week or so, EUR currency pairs and stocks fall like crazy, then they come up with the money to help these wrecked countries. Once its approved, the EUR will soar for a day or two, and then hover around til the next one..... Good Grief!<br />
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<a href="http://www.bloomberg.com/news/2012-07-24/euro-nations-ready-to-act-on-spain-as-yields-surge-frieden-says.html" target="_blank">READ THE FULL ARTICLE HERE!!!! FROM BLOOMIE!</a>RCT FXhttp://www.blogger.com/profile/04948270549256996440noreply@blogger.com0tag:blogger.com,1999:blog-7209680186509847422.post-7979274131916781592012-07-20T09:22:00.001-07:002012-07-20T09:23:36.975-07:00Sign This!<a href="http://www.change.org/petitions/vote-of-no-confidence-a-call-to-investigate-the-national-futuresassociation?utm_medium=email&utm_source=signature_receipt">http://www.change.org/petitions/vote-of-no-confidence-a-call-to-investigate-the-national-futuresassociation?utm_medium=email&utm_source=signature_receipt</a>RCT FXhttp://www.blogger.com/profile/04948270549256996440noreply@blogger.com1tag:blogger.com,1999:blog-7209680186509847422.post-80002244145160622352012-07-15T23:47:00.001-07:002012-07-16T00:11:00.728-07:00I WANT TO PRINT THIS ENTIRE ARTICLE! IT SEEMS PEOPLE ARE FINALLY FED UP WITH THE NFA'S BULLYING<span class="Apple-style-span" style="color: #44566a; font-family: tahoma, verdana, arial, sans-serif; font-size: x-small;"><span class="Apple-style-span" style="line-height: 15px;">THIS ARTICLE IS ABOUT HOW TRADERS ARE STANDING UP TO THE NFA AND THEY ARE CORRUPT, ETC. PLEASE READ IT!</span></span><br />
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<span class="Apple-style-span" style="color: #44566a; font-family: tahoma, verdana, arial, sans-serif; font-size: x-small;"><span class="Apple-style-span" style="line-height: 15px;"><br /></span></span><br />
<span class="Apple-style-span" style="color: #44566a; font-family: tahoma, verdana, arial, sans-serif; font-size: x-small;"><span class="Apple-style-span" style="line-height: 15px;">I love this quote about Lauren Brinati from the NFA written from An Barnhardt's link below:</span></span><br />
<span class="Apple-style-span" style="color: #44566a; font-family: tahoma, verdana, arial, sans-serif; font-size: x-small;"><span class="Apple-style-span" style="line-height: 15px;"><br /></span></span><br />
<span class="Apple-style-span" style="color: #44566a; font-family: tahoma, verdana, arial, sans-serif; font-size: x-small;"><span class="Apple-style-span" style="line-height: 15px;">according to ann Barnhardt's blog below</span></span><br />
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<span class="Apple-style-span" style="color: #44566a; font-family: georgia, 'times new roman', serif; font-size: 13px; line-height: 14px;"></span><br />
<b>"I don't actually understand any of this stuff. I just sign whatever comes across my desk."<br />Lauren Brinati, June 2010</b><br />
Lauren Brinati said that to my (Barnhardt's) attorney in June of 2010.<br />
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LAUREN BRINATI & NFA'S GROSS FOREX NEGLIGENCE</div>
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POSTED BY ANN BARNHARDT - JULY 13, AD 2012 10:25 AM MST</div>
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Oh, the chickens are coming home to roost now. I have been willing to speak out against the NFA and their criminality because I am totally out of the business, and the NFA can't threaten me in any way any longer. Not so before I shut my firm down, and for anyone else involved in the futures industry. The NFA is the gatekeeper to the entire industry. Anyone who wants to work in the futures or options industry MUST be licensed by the NFA, and the NFA can, at any time, pull a person's license or otherwise harass NFA members into insolvency with ZERO recourse or redress - and they do. When I call them a mafia, I'm not being flip. In fact, a reader sent me an email detailing how the NFA can and should be tried under CIVIL RICO statutes. They are indeed a criminal, racketeering body.It now seems that people have had enough, and are now willing to speak out against the NFA. Here is a letter sent to me last night by a FOREX trader (whom I have checked out - this person is definitely for real), outlining their experience with the NFA, and specifically Lauren Brinati, which confirms and echoes everything I have said.<br />
This person is willing to speak to the press. Any reporters who want to pursue what you read here should email me contact info, which I will then forward to this FOREX professional.<br />
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Hi Ann,<br />
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After reading your post on the Lauren Brinati antics, I just feel compelled to tell you my personal experience with her, the NFA, and the CFTC. It is a long story, but I will try to keep it short unless you request the full feature-length saga, but trust me, I have all of the emails to verify every word of my story.</div>
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I have been a forex trader since the year 2000 and at the time of the Farm Bill which included the mandate for Retail Forex to become regulated by the CFTC (and thus the NFA) I was a Referring Broker for FXCM (a Forex Brokerage).</div>
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Problem #1: The congressional mandate for retail forex to be regulated had NO BUSINESS being stuck on the back end of the Farm Bill, it was just a way to get it passed when NO member of Congress understood what they were doing or what they were asking for as "regulation" as NONE of them understood anything about the industry (it was just a pet peeve of one congressman who had a personal vendetta and score to settle due to a trading loss suffered by one of his friends.)</div>
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Problem #2: Anyone who knows anything at all about retail forex understands that it is far more similar to stock trading than futures trading, and it should have been put under the authority of the SEC to begin with - not the CFTC, but since the idiots in congress thought that "forex futures contracts" were the sum total of everything forex, and since the CFTC already regulated forex futures (a commodity) this is what we got.</div>
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Anyway, the CFTC and NFA were really pissed off when they were told that they would have to regulate retail forex - it was not a job they wanted. Their first responsibility was to "study" the industry so that they could then develop regulations for it. I contacted both the CFTC and NFA multiple times during the first days, and weeks (and months) after the Farm Bill mandate to offer my services, expertise, and experiences during their exploratory period as I knew (probably) more about the retail forex industry (and the problems that plagued it) than almost anyone. They never wanted to hear anything I had to say.</div>
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After they published the "results" of their study, I just could not believe what I was reading. <b>It was the most ridiculous document I have ever seen - filled with "facts" that were simply wrong, logic sequences that were illogical and absurd, and conclusions that sounded like something prepared by a 2nd grader. And most shocking was the list of "industry experts" they had used to gather their information from. It was none-other-than 17 of the most flagrantly abusive forex brokers!</b> Amazing.... They had never even tried to gather information from actual traders (who were the people they new regulations were supposed to protect!) To make the story short - what they had done was essentially try to fit retail forex into the box they already had for forex futures instead of trying to create rules and regulations that would make sense for retail forex, and then incorporate all of the brokers' abusive tactics into regulations (thus now ASSURING that the brokers would have the advantage over the traders!!)</div>
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After reading their report, and the direction they were going to take the new rules and regulations, I again contacted both the CFTC and NFA with a long email explaining each point in detail on things they were wrong about, what the correct path should be to protect traders and make for a better trading environment, etc. Again - they didn't want to hear it. In one telephone call with the lovely Lauren Brinati, I introduced myself (again) to her and ask for the opportunity to explain a "traders perspective" on some of the issues, when she literally started SCREAMING at me, saying, "Who do you think you are? Why do you think you know more than the NFA?" and on and on - it was CRAZY TALK and totally bizarre.</div>
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When they had the "public comment period" before the new rules and regulations were finalized - there were over 9,000 public comments posted. I read EVERY SINGLE ONE. Of the 9,000+ comments there were maybe 25 that were supportive of the new rules and the rest were not. And yet, they still passed the rules EXACTLY as originally written... They HAVE THEIR OWN AGENDA and pay no attention to the people they are supposed to be serving. What a joke!</div>
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I have NO DOUBT that the NFA is corrupt and the CFTC - if not a part of the corruption is DERELICT in their duty <b>by letting the NFA run their phoney audits and assults against legitimate IBs, CTAs and CPOs.</b></div>
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<b>I have NO DOUBT that the NFA is in partnership with the large forex brokers to run all the smaller companies out of business.</b> It is so obvious that it isn't even funny. It PROTECTS the forex brokers that CHEAT and created trading rules that made it MORE difficult for traders to manage their accounts and make profits, and the CFTC pulled the grand daddy of all when it came time for the retail forex accounts to be moved back to the United States - by changing their "interpretation" of their own rules AFTER 5 PM on the day of the deadline (so that traders had NO WAY of protecting their accounts). This shenanigan cost me over $250,000 in a margin call.</div>
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And - you are right about Miss Lauren - SHE DOESN'T KNOW SQUAT ABOUT ANYTHING regarding trading forex, or futures, or commodities. She, like ALL of her associates in the NFA should be in prison for FRAUD for how they are running that organization.</div>
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I would be happy to join in a legal action against them. Please let me know what develops with that.</div>
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Thanks,<br />
M</div>
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</div>RCT FXhttp://www.blogger.com/profile/04948270549256996440noreply@blogger.com1tag:blogger.com,1999:blog-7209680186509847422.post-36896389890507828362012-07-13T10:49:00.000-07:002012-07-13T10:49:04.970-07:00PFG- A non event? Not quite!<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkRk06heHj0FEyE7NYkYUFyZEYSBHaFG6DGiHFdRODs2pCfeBq3FCuoIHlBuHcOnbZ-AoBL5BEzZ4ts_OE2UXBtMnVCjvwDJlrCI7hG079FFevaVgimXPAcsGp4Z54mc7u5KX8Mvg68B8/s1600/thumbnail.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkRk06heHj0FEyE7NYkYUFyZEYSBHaFG6DGiHFdRODs2pCfeBq3FCuoIHlBuHcOnbZ-AoBL5BEzZ4ts_OE2UXBtMnVCjvwDJlrCI7hG079FFevaVgimXPAcsGp4Z54mc7u5KX8Mvg68B8/s1600/thumbnail.jpg" /></a></div>
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Well, I decided to check Fx Street this morning to see what kind of news was written about <a href="http://www.foxbusiness.com/industries/2012/07/11/pfg-collapse-deals-blow-to-futures-industry/">PFG</a>, and maybe perhaps the <a href="http://www.google.com/url?sa=t&rct=j&q=&esrc=s&frm=1&source=web&cd=1&ved=0CAUQqQIwAA&url=http%3A%2F%2Fwww.dailymail.co.uk%2Fnews%2Farticle-2172943%2FLibor-scandal-Sir-Mervyn-King-urged-2008-reform-Libor-prevent-deliberate-misreporting.html&ei=YV0AUJfNHsex0QHBpfDyBw&usg=AFQjCNG3rpIg3rSgMjfHz2vey8RyiCUaRA&sig2=qCDkki9rD-xe281fG-zFnA">LIBOR scandal</a> as well. Two gigantic news events for FX , but it looked like it was business as usual over ther.... No news on this? After owning a brokerage that was the victim, in my opinion of a "witch hunt" by the National Futures Association and the CFTC as well, I know how exacting and exhausting both of these organizations can be a times. Yes, I know its their job, but they pick on the small guys. Then, a firm like PFG comes along, their President sits on the board of the National Futures Association. Maybe THATS's why the mail directed to the bank was getting delivered to his own personal PO box? Something is rotten in Denmark here...<br />
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I could go on and on about the regulatory bodies here in the United States, and how they pick on the small guys, but how could they miss this?<br />
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Anyway, here's a <a href="http://seekingalpha.com/article/717721-the-frightening-truth-about-pfgbest">good article</a> from Seeking Alpha.<br />
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<strong>Let's face it the NFA dropped the ball, and </strong><a href="http://jessescrossroadscafe.blogspot.com/2012/07/nfa-ignored-multiple-warnings-on.html"><strong>IGNORED WARNING SIGNS!</strong></a><br />
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<br />RCT FXhttp://www.blogger.com/profile/04948270549256996440noreply@blogger.com0tag:blogger.com,1999:blog-7209680186509847422.post-66067872483796266362012-07-09T15:21:00.004-07:002012-07-09T15:21:42.236-07:00EUR/USDFrom FX Street....<br />
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FXstreet.com (Córdoba) - As most crosses in the FX market, the EUR/USD remains locked inside a slim range amid lack of economic events and news from the Eurogroup meeting.<br /><br />EUR/USD managed to recover ground after hitting its lowest level since July 2010 at 1.2255 during the Asian session, to settle barely above the 1.2300 mark during the American afternoon after being rejected from a high of 1.2324. At time of writing, the cross is quoting at the 1.2310 region, recording a 0.4% gain on Monday.<br /><br />From a technical view, <a href="http://www.fxstreet.com/technical/forex-strategy/daily-technical-update/2012/07/09/04/">Fan Yang</a>, analyst at FXTimes notes that a small flag pattern appears to be developing in 1-hour chart amid low volatility. "We should look at the previous consolidation support at 1.2360 as a possible resistance factor. A break above 1.24 however makes the bearish outlook a bit unclear, especially if the RSI also breaches 60".<br /><br />"If price does stay below 1.2360 (and of course 1.24), and the RSI does stay below 60, we would have a 'negative reversal'", says the analyst. "That is when the RSI high is higher (it already is), but the price high is lower. This suggests we have momentum for at least one more swing lowerRCT FXhttp://www.blogger.com/profile/04948270549256996440noreply@blogger.com0tag:blogger.com,1999:blog-7209680186509847422.post-31691624305944474432012-07-01T20:01:00.000-07:002012-07-01T20:01:16.318-07:00Another Great EA I found- Stat Arb FX!Hey All, I just found another great new EA (that's actually worthy of advertising on my site)! It's a Statistical Arbitrage EA<a href="http://www.statarb.pro/?ap_id=rctfx">http://www.statarb.pro/?ap_id=rctfx</a> Developed by Mclean Van Cleve. This strategy is SOLID! No Martingale, No B.S. MM. Just pure Statistical Arbitrage. Here's the thing, you can develop this indicator, but you cannot use it all the time if you don't have an advanced algo to give you the best picks. that's what you get here!<br />
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For a limited time only you can get a 5% discount entering the code donnaforex and purchase it here. Here's the thing they use it on live money accounts, and they took 600K into a multi billion hedge fund! I wouldn't wait on this one guys<br />
<br />
here are some <a href="http://www.myfxbook.com/members/archertrading">Live Results:</a><br />
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So, you ask, what the hell is Statistical Arbitrage, well in a nutshell its a mean reversion strategy, with some advanced mathematics that come into play using strongly correlated pairs for a desirable outcome. <br />
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The real def can be found just about anywhere. Please leave your comments on this new strategy , so we can get a good thread going.<br />
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Thanks!<br />
<br />
RCTRCT FXhttp://www.blogger.com/profile/04948270549256996440noreply@blogger.com0tag:blogger.com,1999:blog-7209680186509847422.post-29336831763808452392012-06-26T10:14:00.002-07:002012-06-26T10:14:46.159-07:00Junk!Comments Welcome Everyone!<br />
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<a href="http://www.bloomberg.com/news/2012-06-26/spain-poised-for-downgrade-to-junk-as-default-swaps-near-records.html">http://www.bloomberg.com/news/2012-06-26/spain-poised-for-downgrade-to-junk-as-default-swaps-near-records.html</a>RCT FXhttp://www.blogger.com/profile/04948270549256996440noreply@blogger.com0tag:blogger.com,1999:blog-7209680186509847422.post-76189464391604049702012-06-21T05:49:00.000-07:002012-06-21T05:50:01.357-07:00Spanish NumbersHi All! Well, since EUR/USD has been creeping up this morning, it looks like everyone is waiting for the Spanish Bank Assessment report in a few hours. The thing is, as I usually say to all the retail guys out there, is that is the report is horribly bad, and EUR tanks, then the big guys will be buying all morning to shake out shorts and get in a better position for their OWN shorts.<br />
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Keep your eyes peeled, for the tank as EUR sits around 1.2666 lastRCT FXhttp://www.blogger.com/profile/04948270549256996440noreply@blogger.com0tag:blogger.com,1999:blog-7209680186509847422.post-3683556840377279312012-06-19T14:40:00.002-07:002012-06-19T17:31:52.742-07:00Order Board---Compliments of the fellas at <a href="http://www.forexlive.com/" target="_blank">FX Live</a>, Useful site!<br />
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EUR/USD: Offers 1.2630/50, buy stops above, Bids, 1.2550/70, sell stops through 1.2540</div>
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GBP/USD: Offers 1.5700/10, Bids 1.5615/25</div>
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EUR/GBP: Offers 0.8055/65 and 0.8090/00, bids 0.8025/30, 0.7995/05</div>
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USD/JPY: Bids 78.80/90, sell stops through 78.75, (Tech supp78.76-200 day MA) Bids 78.50/60 (semi official), sell stops through 78.50. Offers 79.30/50 buy stops above ahead of offers 79.70/80 (sovereigns) and 79.90/80.00 (exporters), buy stops above and through 80.35</div>
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EUR/JPY: Offers 99.80/00, Bids from 99.20 trailing down to 99.00, sell stops just below</div>
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GBP/JPY: Tech supp 123.00/20. 200 day MA 124.03 tech res</div>
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EUR/CHF: Bids 1.2000/10(SNB), Offers 1.2025/35 buy stops through 1.2050</div>
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AUD/USD: buy stops through 1.0170, Bids 1.0100/10, 1.0080/00 from real money, sovereigns (55 day MA @ 1.0088), sell stops below ahead of more bids 1.0050/70, sell stops below 1.0050</div>
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AUD/JPY: Tech res 80.70/74 (200/55 day MA) bids 79.80/90</div>
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EUR/AUD: Tech res 1.2470 61.8% of this year’s rally, ahead of offers 1.2490/00. Bids 1.2395/05 and tech support 1.2350/55</div>RCT FXhttp://www.blogger.com/profile/04948270549256996440noreply@blogger.com0tag:blogger.com,1999:blog-7209680186509847422.post-66363256857543186132012-06-19T10:13:00.001-07:002012-06-19T10:14:19.754-07:00Slightly Off the Subject But Damn! Why Not!<iframe width="420" height="315" src="http://www.youtube.com/embed/8Fa9gyMmIFE" frameborder="0" allowfullscreen></iframe>RCT FXhttp://www.blogger.com/profile/04948270549256996440noreply@blogger.com0tag:blogger.com,1999:blog-7209680186509847422.post-44331945250051211192012-06-18T21:28:00.003-07:002012-06-18T21:28:30.054-07:00Don't Believe the Hype!<br />
<br />
<b>I thought it was all a bounce..I've said it before and I'll say it again! Don't believe the Hype and beware Euro Bulls! Even with the FED thinking about easing I doubt it'll slow the EUR descent with everyone out there</b><br />
<br />
:<a href="http://www.bloomberg.com/news/2012-06-18/euro-remains-lower-as-g-20-leaders-discus-europe-crisis.html">http://www.bloomberg.com/news/2012-06-18/euro-remains-lower-as-g-20-leaders-discus-europe-crisis.html</a><br />
<br />
Levels on the Hedge Fund Order Board, Compliment of Forex Live:<br />
<br />
<br />
<ul style="font-family: Arial, Tahoma, Verdana; font-size: 13px; line-height: 18px; list-style-type: square; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 15px; padding-left: 15px; padding-right: 0px; padding-top: 0px;">
<li style="list-style-type: square; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">EUR/JPY buy stops at 101.00, offers at 1.0150 and 1.0200. Sell stops at 98.50</li>
<li style="list-style-type: square; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">USD/JPY support at 200dma at 78.76, bids at 78.50 with stops below. Buy stops at 79.50 with more at 79.95 and large ones above 80.35</li>
<li style="list-style-type: square; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">EUR/USD offers at 1.2600/10</li>
<li style="list-style-type: square; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;">AUD/USD strong offers at 1.0140/55, stops above 1.0170. Demand at 1.0065/50</li>
</ul>RCT FXhttp://www.blogger.com/profile/04948270549256996440noreply@blogger.com0tag:blogger.com,1999:blog-7209680186509847422.post-62765401769160216332012-06-17T11:01:00.000-07:002012-06-18T20:00:05.128-07:00Too Close!<a href="http://www.bloomberg.com/news/2012-06-17/greek-parliamentary-vote-too-close-to-call-exit-poll-shows.html">http://www.bloomberg.com/news/2012-06-17/greek-parliamentary-vote-too-close-to-call-exit-poll-shows.html</a><br />
<br />
<br />RCT FXhttp://www.blogger.com/profile/04948270549256996440noreply@blogger.com2tag:blogger.com,1999:blog-7209680186509847422.post-33320690502363237792012-06-13T13:13:00.002-07:002012-06-13T13:14:05.478-07:00THE STRATEGY FOR THE BIG BOYSHi All,<br />
<br />
Well, I just stumbled across something on DonnaForex. There is a new <a href="http://www.statarb.pro/?ap_id=rctfx" target="_blank">Stat Arb system</a> coming to MT4 from a gigantic hedge fund! I have 12 years of experience in FX markets ranging from working on a dealing desk at a very large trading floor for one of the largest FX banks in the world and I have to say, that this works! This isn't a "Holy Grail" or any other type of system to that effect. It's a solid strategy that really when coupled with MM skills is very successful.<br />
<br />
Get it now below. Yes, its an affiliate link, but who cares. I told you about it and when you're successful after years of frustration with forex, please just come back to this blog and thank me.<br />
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<a href="http://www.statarb.pro/?ap_id=rctfx" target="_blank"><img alt="" border="0" src="http://www.statarb.pro/affiliates/banners/468x60.png" /></a>RCT FXhttp://www.blogger.com/profile/04948270549256996440noreply@blogger.com0tag:blogger.com,1999:blog-7209680186509847422.post-43130298330648436682012-06-13T12:04:00.002-07:002012-06-13T12:04:49.147-07:00GREXIT?<div style="text-align: center;">
<b>THIS IS A PRETTY GOOD ARTICLE ABOUT HTE POSSIBLE REPERCUSSIONS OF GREECE:</b></div>
<div style="text-align: center;">
<br /></div>
<br />
<a href="http://www.fxstreet.com/fundamental/market-view/the-european-debt-crisis-chronicles/2012/06/01/03/">http://www.fxstreet.com/fundamental/market-view/the-european-debt-crisis-chronicles/2012/06/01/03/</a><br />
<br />RCT FXhttp://www.blogger.com/profile/04948270549256996440noreply@blogger.com0tag:blogger.com,1999:blog-7209680186509847422.post-66496235472745819462012-06-11T08:07:00.000-07:002012-06-11T08:08:04.708-07:00Downward Pressure on EUR/USDWell everyone, with EUR/USD sitting around 1.2504 we definitely are seeing offers (see last post). It was short lived hype, and with a date cat boune and EUR moving below the 100 MA it looks like this downward pressure will continue. I would say that barring any rumours or new on Tuesday, look to Wednesday for news in the US to help with direction. Strong numbers in the US will boost USD, and put even more pressure on the EUR. Technically we sit at these levels:<br />
<br />
<table cellspacing="0"><thead>
<tr><th>S3</th>
<th>S2</th>
<th>S1</th>
<th>R1</th>
<th>R2</th>
<th>R3</th>
</tr>
</thead>
<tbody>
<tr>
<td>1.2343</td>
<td>1.2374</td>
<td>1.2406</td>
<td>1.2546</td>
<td>1.2578</td>
<td>1.2609</td></tr>
</tbody></table>RCT FXhttp://www.blogger.com/profile/04948270549256996440noreply@blogger.com0tag:blogger.com,1999:blog-7209680186509847422.post-84937536357007353112012-06-10T09:56:00.000-07:002012-06-10T10:08:59.010-07:00THE SPANISH BAILOUT ON THE OPENWith Australia on holiday today I would say everyone will be keeping their eye out on the London open today for downward pressure on Euro.<br />
<br />
Get the full story <a href="http://www.bloomberg.com/news/2012-06-10/spanish-bondholders-to-rank-behind-official-loans-after-bailout.html" target="_blank">here</a>:<br />
<br />
Meanwhile here are levels to look out for on the open. I would say everything else will be relatively quiet with the summer doldrums settling in and rangebound for most.<br />
<br />
EUR/USD<br />
<br />
<table cellspacing="0"><thead>
<tr><th><br /></th></tr>
</thead></table>
<table cellspacing="0"><thead>
<tr><th></th>
<th>S2</th>
<th>S1</th>
<th>R1</th>
<th>R2</th>
<th><br /></th>
</tr>
</thead>
<tbody>
<tr>
<td><br /></td>
<td>1.2374</td>
<td>1.2406</td>
<td>1.2546</td>
<td>1.2578</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td>
<td><br /></td></tr>
</tbody></table>
<br />
<br />
<table cellspacing="0"><tbody>
<tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr>
</tbody></table>RCT FXhttp://www.blogger.com/profile/04948270549256996440noreply@blogger.com0tag:blogger.com,1999:blog-7209680186509847422.post-47416902257368464442012-06-08T10:45:00.002-07:002012-06-08T10:46:41.943-07:00More of Spain Downgraded- Were we suprised?<a href="http://www.bloomberg.com/news/2012-06-08/fitch-downgrades-234-spanish-asset-backed-securitizations-1-.html">http://www.bloomberg.com/news/2012-06-08/fitch-downgrades-234-spanish-asset-backed-securitizations-1-.html</a><br />
<br />
<br />
Next week RCT FX is starting an all new technical analysis section which will give levels, Fibonacci Retracements, Support Resistance and More Market Analysis! You can also check us out on Facebook at RCTFX !<br />
<br />
Have a Great Weekend! See you in Asia on Sunday EveningRCT FXhttp://www.blogger.com/profile/04948270549256996440noreply@blogger.com0tag:blogger.com,1999:blog-7209680186509847422.post-43160426095998198412012-06-07T10:17:00.000-07:002012-06-07T10:18:45.560-07:00EVERYBODY THOUGHT IT WAS GOING TO BE OK...Check it out.. From Reuters<br />
<br />
<span id="articleText"></span><br />
<a href="http://www.reuters.com/article/2012/06/07/us-greece-assault-idUSBRE8560HJ20120607">http://www.reuters.com/article/2012/06/07/us-greece-assault-idUSBRE8560HJ20120607</a><br />
<br />
<br />
<br />
<br />
<br />RCT FXhttp://www.blogger.com/profile/04948270549256996440noreply@blogger.com0tag:blogger.com,1999:blog-7209680186509847422.post-90999391579605888292012-06-06T10:37:00.003-07:002012-06-06T10:37:35.098-07:00TOP 10 RULES OF TRADINGDON'T TRADE FX! Well, I'm only joking. You can get fast returns if you want to take Huge Risks But always remember the top 10 rules of trading:<br />
<b><br /></b><br />
<b>1) NEVER LET A WINNER TURN INTO A LOSER</b><br />
<b>2) DON'T BE AN EMOTIONAL TRADER</b><br />
<b>3) NEVER RISK MORE THAN 2% PER TRADE</b><br />
<b>4) ENTER ON FUNDAMENTALS, EXIT ON TECHNICALS</b><br />
<b>5) STRONG CURRENCY AGAINST WEAK CURRENCY</b><br />
<b>6) BEING RIGHT TOO EARLY MEANS YOU'RE WRONG</b><br />
<b>7) NEVER ADD TO A LOSER</b><br />
<b>8) DON'T BUCK THE TREND</b><br />
<b>9) USE FIBONACCI</b><br />
<b>10) NO EXCUSES EVER! EVER!</b><br />
<br />
<span class="status"> WGZQTAJRXPNY </span>RCT FXhttp://www.blogger.com/profile/04948270549256996440noreply@blogger.com1tag:blogger.com,1999:blog-7209680186509847422.post-10171297263181457402012-06-06T05:46:00.001-07:002012-06-06T05:53:25.785-07:00ECB DOESN'T CUT STAYS AT 1 %- UNCHANGED AT FIRST. FALLING NOW<br />
<br />
EUR/USD sits at 1.2460 almost a 100 pips off.<br />
<br />
Anybody sitting on an expert advisor in EUR/USD would be wise to get out for a little while...<br />
<br />
<br />
<br />
<a href="https://www.regnow.com/checkout/product/38372-1?affiliate_id=599502" target="_blank">A MATHEMATICAL APPROACH TO THE FOREX MARKET--- FOREX ENVY TRY NOW!</a>RCT FXhttp://www.blogger.com/profile/04948270549256996440noreply@blogger.com0tag:blogger.com,1999:blog-7209680186509847422.post-3670296367313571942012-06-04T20:27:00.001-07:002012-06-04T20:27:17.822-07:00G-7 EURO TALKSSo what does everyone think? Can the G-7 pull a rabbit out of their hat and put some pressure on the ECB ? Maybe, Maybe Not. Elections are coming up soon in Greece, with a split on policy bouncing around all the major news sources. Only action will tell, no speculation here. Watch your long positions everyone because it looks like things are going south.<br />
<br />
A bailout? Good luck Europe. <br />
<br />
EUR/USD pushing up.... A dead cat in my opinion. <br />
<br />
<span id="articleText"><a href="http://www.reuters.com/finance/commodity?symbol=US@CL.1" title="Full coverage of U.S. crude">U.S. crude</a>
gained 0.9 percent to $84.70 a barrel on Tuesday, rebounding from its
lowest in nearly eight months touched the previous session. Brent rose
0.7 percent to $99.55 a barrel on Tuesday.</span>RCT FXhttp://www.blogger.com/profile/04948270549256996440noreply@blogger.com0278 Broadway, Manhattan, NY 10007, USA40.7143528 -74.005973139.1586518 -76.5328286 42.2700538 -71.479117600000009tag:blogger.com,1999:blog-7209680186509847422.post-31412090196341323902012-06-04T10:01:00.001-07:002012-06-04T12:42:57.662-07:00BANDWAGON FX ? EUR/USD BOUNCEEverybody is getting on the "long EUR/USD " bandwagon today, even with a stall at 1.2508. We have some solid resistance up here with this level being the Break Down from May 29th 2012 of which the pair couldn't break 3 times before that! One on May 24th, and 2 on the 25th when everything was looking EUR/USD heavy. Keep an eye out for this level, as its definitely a key level here.RCT FXhttp://www.blogger.com/profile/04948270549256996440noreply@blogger.com0tag:blogger.com,1999:blog-7209680186509847422.post-37277319261829709922012-06-03T21:30:00.003-07:002012-06-03T21:41:20.781-07:00SHOULD BE AN INSANE WEEK FOR THE EURO! CALLING ALL DOOMSDAY PREPPERS!!With the United Kingdom on holiday (Spring Bank Holiday), everybody will have their eyes on EUR/USD and the upcoming ECB meeting on Wednesday. Everybody (all markets it seems) are in panic mode once again and if your <a href="https://www.regnow.com/checkout/product/38372-1?affiliate_id=599502" target="_blank">expert advisor</a> or system is looking for volatility we would venture to say we're going to see some great swings and opportunities. The funny thing is that this happened a few months ago, and everyone was on a frenzy to sell EUR/USD (with myself included) when a major retracement came on the daily. People got washed out and the banks went short again. This is typical with sentiment. If everybody and their brother is short in EUR, then someone has GOT to be long, everyone washes out (I believe the spec community calls this "stop-hunting" although its just the way of the market...<br />
<br />
Comments welcome on this all!<br />
<br />
Cheers!<br />
<br />
<div style="text-align: center;">
GLGT!!!</div>RCT FXhttp://www.blogger.com/profile/04948270549256996440noreply@blogger.com1