Hi,

Thanks Ngaatu for the insight. Am in NSE. Thats good advice,I will partially liquidate the risky ones like KQ,and maybe Safaricom - tis a painfull loss for this one. Will hold onto the banking counters.

Managed a short at 1.5430 (current market 1.5370). Am targeting around 1.5340.

Looming reccesion fears in U.S. I think most TP have been hit .As of now lets really wait the market information,the German IFO data has been released tumbling down the euro further.

@NGAATU

Morning @all @passyson @toni. I hit my SL at 30 pips with NZD/USD going short,the closing session aint that gud i suppose.

Looking for a brighter day.


@NGAATU

Japan minister saying he would anything to stop the rapid gains of the Yen seen earlier,as G7 ministers also expressing concerns on the Yen gains,saying they would cap the same. RBA intervening to prop up the AUD => I guess may translate to weaker JPY (this is a heavy carry trade pair) and weaker USD across the board.

Just my 2 cents worth.

Hi all...just came back from a funeral service.

Gone long NZD/JPY @ 51.978 with T/P @ 52.905 and S/L @ 50.905...20 lots.

Talk to you later

G/L.

Anyone who lives within their means suffers from a lack of imagination

Recovered some earlier losses with a short on GBPUSD with +95 pips [though irrelevant now - got busy to post the trade].

@Passyon,I have been toying with that idea for some years now. In the UK and other markets,they're called Trader's Arcades. Though I was thinking on a more proffessional and commercial basis (which is what happens abroad) as opposed to charitable. I have the setup in mind,holla tonicasert@yahoo.com I'll give you more details.

Currently long GBPUSD at 1.5581. Not very comfy with this trade,so targeting 25 pips profit,Stop Loss at 40 pips.

@passyson
Pole for the misfortunes which happened to you.
That is a brilliant idea brother,i think we really need to tell everyone there how helpful the market is and also give realistic attention to most would be investors.I surely support the idea and i think it is feasible if we all pull our resources in it and have the will.

I really been supporting that we need to form a kind of kasociety where we will be continous helping each other and of course helping anyone by giving free information and guide on how to trade the markets.We need to look at it seriously wazee. I think a good place in nairobi can only cost around Ksh 20000 per month or USD 250 which i think we can raise it comfortably.

Other costs will be minimal but the plus side we will have a venue where we can all trade comfortably and give infor to a lot and help freely to anyone.My mail i think you have it: casee83@yahoo.com .

@kilabe @passyson @toni and others,guys lets put it in place as soon as feasibility will be viable.

-The place shall be a forex traders den in kenya
- Will offer free information and guide to all interested
- will be like an office for all of us all
- and many other advantages......................

@NGAATU

@cckip - glad to hear you are learning the ropes.

@passyon - what's your email? I know you had given earlier but didnt note it.

@Ngaatu - will send you an email,together with passyon.

Anybody trading now? Its so wild!! my broker has now increased spread to 12 pips! Really pip-raiding on the 1 and 5 min charts,so far so good.

Romours: 25bp Japanese rate cut being considered. Also German FinMin said unsettled by the rate of appreciation of the yen. Abrupt fx moves are not desirable

Good luck