Doodi has become an expert in forex in a short period of time. Doodi will in this tread show you tips technical wise. He also has tremendous knowledge on taxes reguarding forex.
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Doodi's demo account:
http://demo.efxnow.com/frxc_demo/fxg...&submit=submit
New login
User:
johnnycash@junecarter.com
Pass: 1234
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Short term interest rates are beating the longer term interest rates. Thats called an inverted yield curve. When that happens ression follows. In fact the last 9 out of 9 recessions followed the same protocol.
Visit this site to see the yields.
http://www.lioninc.com/market_snapshot
On the Weekly index section you can see that 30 year rate fell five hundredth of a percent and 5,3,2,1 year rates climbed two hundredth of a precent. Very alarming, while the Dow is white hot right now be very aware of the interest rates because you can lose the shirt off your back. Stock people need to reevaluate their long term holdings. Forex people, there will be great oppertunies for you.
Another fine commentary by Doodi. Doodi would like to be called Gecko or Gordon Gecko from now on.
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Thursday March 2, 2006
Shorted 5 lots of USD/JPY at 116.06 right after the break support and test. Doodi is up 10 pips so far. Around 115.5 is Doodi's target but he might get out much early since he is up $500 at this point.
Edit: just doubled up to 20 pip gain. Greed sets in but experienced investor like Doodi keeps it in check.
Edit2: Entered a stop loss at 115.96 to gaurentee a 10 pip profit. Doodi sees a bullish formation coming up.
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Thursday March 2, 2006
Shorted EUR/AUD cross pair at these rates
7 lots 6046 | 7 lots 6080
1 lot 6077 | 2 lots 6070
Doodi dident think it would break the 6046 top but it did oh well though luck. He doubled up his position when the run up stopped.
