Morning @all

@toni I tried the market before 23hrs kenyan time (20hrs GMT) and went long with the EUR/USD with about 20 pips and it hit my TP.I noticed the widening of spreads.

The information of japan industrial production came out somehow positive later in the night.With the expectation of the data from german (cpi) and the U.K (money supply) with the euro zone i expect the USD to rally a little bit before the sentiments of waiting the interest rate cut in U.S start to rule the day.Am going 20 pips short with the EUR as waiting for other market direction.

Howz your take on the big interest rate decision from the U.S?


@NGAATU

Morning Ngaatu,

The Fed rate cut was widely expected and priced in the market,as seen with the easing off of Libor rates. Though this cut and Yen talks are likely to push the USD lower against the majors.

Spreads for my favourite ccy - GBPUSD have now widened to 15 pips with my broker. This is just not tradeable. I also realised last evening that there were moments of stop-hunting,when their prices spiked lower by 80 pips in a second (and many people stopped out),while the feed on global-view didnt show this spike. Keeping out of cable for now :(( The others are too slow for me but no choice for now.

Looking to long EURUSD on a dip towards 1.2700 (current 1.2730). At least here the bid/offer spread is 3 pips.

GL and GT

Missed on the dips. Current EURUSD at 1.2830,shorting for some 40-50 pips

@mukezaji

You can write any question or if you dont understand anything to anyone here.I do beleive that we have abled guys with practical experience and daily market movements second by second.Information and knowledge you can get is also free and you can be helped with anything albeit slowly but consistent.If you have been "trained" before and try to demo as told and then you went to buy signals and systems and after a period you lost almost 60% of your capital then i suppose you were given milk and honey information a lot,and i suppose also the things which you knew could not help you in the long run.

You can get free information from practical guys here without spending a dime,we have @tonicasert @passyson @kilabe and few others who are not only practical but are great in fundamentals/technicals and market routes which you can gain them freely.To verify the capability of these guys you can follow their market takes every hour they take a position and you can prove their worthiness in experience.I dont want to despise anyone out there but this free information can give you 20 times more information than anyone training you out there.Take time and learn the ways.


@NGAATU

Hi fellow traders...

@Toni and Ngaatu...sorry been busy for the better part of last week...couldn't reply to your posts asap.

Toni...email is passysons@yahoo.com ...will write soon so as to be able to get a plan on the traders arcade and maybe incorporate it into the Kenyan market.

Ngaatu...we definitely should come up with a place that we can offer advice to anyone interested out there regarding the forex market. I am sure by December,we shall have met and come up with a tentative plan. If need be,we can start off with a few members and progress steadily.

I will be trading later in the day...since this is monday. Crazy day it might be.

Good week all and happy trading.

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