Bounce it did. Now where?

The Nikkei 225 bounced as expected, but not as much as expected, and this sentiment seems to be weighing on the jpy crosses.

Like I said in the last post, the sentiment is still to fade any decent rallies as they just offer up better levels to sell, and sell like hell at that.

Of course, there will be a time when the market bottoms, and unless new lows are made in a number of different markets (DJIA,SP500) etc this could support some of the currencies pairs like EURUSD, EURJPY and USDJPY, in turn supporting other crosses.

We are seeing classic signs of bottoming, the panic is becoming less and new lows are not being made. In fact, as markets are approcahing the lows, they are rallying strongly, so this could point to official support, or at least semi-official support and buying.

The RBA has been busy protecting the AUD for weeks, and the BOJ has more than likely been in at some point buying USDJPY. In these illiquid markets, they get much more bang for their buck, so it makes sense to intervene now. Any hint of co-ordinated intervention after G20 would send the markets on a bounce, and may well be what is needed to kick start the recovery.

One thing is for sure, for the long term investor there are a magnitude of bargains in the equity markets, even buying equity indices and sectors for the long haul would be a great move. If you have time, patience and some cash, I would be buying equities and the EUR on the lows, and selling JPY on it’s highs.

Thats it for now, at the moment no one is reading this, but hopefully given time I may get at least one person!!

Be careful, Shaun, Diablo Limited.

Nikkei For A Bounce??

Well it’s been a very interesting day again. The markets have been whipping around all over the place, first down, then up then down again and finally flying up again.

It looks as though the Nikkei will finish the week on a strong note, as it has had a few down days and short terms specs will be closing their shorts/balancing books coming into the weekend and getting ready for the G20.

Regardless of short term moves, in the forex I am still looking to fade decent rallies where I can. Nothing has really changed, in fact things are arguably worse. Whichever, but what has really changed since this morning or yesterday…. nothing. This is typical fear and greed trading, huge volatility and very whippy markets.

Live to fight (trade) another day!

Take care out there, Shaun.

Benefits Of A FOREX Managed Account

Diablo Limited Managed Forex Accounts ( www.diablo-fund.com ) offer clients of all geographic locations, regardless of equity size, the opportunity to increase their net wealth through the highly profitable spot foreign exchange market (FOREX).

Some benefits of our Managed Forex Accounts are:

1) Traded by professional forex managers, with experience of managing large and small accounts in tandem.

2) The client is able to get on with their lives and work, safe in the knowledge that they are earning money from the market whilst whilst not having to engage fully with the market (which is 24 hours per day from Sun-Fri night).

3) Diablo Fund only earns performance fees on new profits. So we only earn money if we make you money.

4) We use a fully FSA regulated broker, which is both respected and innovative in terms of where it is going.

5) The client can withdraw funds at any time. Many of our clients regularly withdraw funds for income purposes, and withdrawals through the broker can be as quick as the same day if required.

6) Safety of funds. We do not have access to your funds. Nor can we transfer or withdraw your funds.

7) The client can login and monitor our trading activity at any time and watch in real time as we trade for you.

We are a leading provider of managed forex accounts and managed cfd accounts, with an enviable record and a positive and innovative outlook.

Be lucky, Shaun, Senior Trader (blogger-in-chief) Diablo Limited

What Is FOREX?

The FOREX (short for Foreign Exchange) is the largest traded market in the world (ten times all the stock markets combined). Each day between $3-4 TRILLION, yes thats TRILLION is traded.

The FOREX market has many different participants, from large banks to pension funds and individual speculators.

It is a known fact that 90%+ of all people trading the forex lose their money. Luckily, we ar in the 5-10% who consistently make money. It isnt easy, but with experience trading fx becomes very profitable.

What are Managed FOREX Accounts?

Basically, you open an account with our broker partner (fully regulated), and we sign a Limited Power Of Attorney, which gives us permission to trade your account. We are unable to transfer funds or withdraw funds etc.

Each month, we get 20% of any new profits we earn for you, using a high watermark system (so we have to keep increasing the account size to make money).

We accept small deposits as a test account, to prove we are not a scam.

If 10-30% per month sounds good to you, give us a try.

Be lucky, Shaun

First Post……

A new dawn breaks, a brave new world awaits us…. no we are not talking about Barack Obama silly, our new blog has been born!

This is obviously the first post, and hopefully the first of many. I hope to update the blog at least on a daily basis and probably more like every few hours.

What is the blog about? Its about the world of FOREX, the $3Trillion per day mega market, where fortunes are made and lost on a daily basis.

We manage clients funds in speculatingin the FOREX market (the direction of one currency against another for example GBP/USD).

I have added a link to our website, but more importantly I would like to educate people about the forex. Your active participation would be appreciated.

Regards, and be lucky.

Shaun, Senior Trader, Diablo Limited