FXCPS

Forex Chart Pattern Signals

Wednesday, September 20, 2006

Tom Joseph

Good evening everyone,

I had a phone call from Tom Joseph yesterday who I know many of you will be familar with by name. After a very interesting chat, Tom suggested I should use his software as part of my trading strategy. He gave me a demonstration of it by allowing me to log on to his computer and I must say at first glance it looked very impressive. However, software packages always look great at first glance!

This evening I have been using it and having had a background in IT for almost a decade, many of you know I have tried quite a few different trading packages when I first started trading and I quite often do not give rave reviews but this one seems very different to other packages and although currently I cannot give it any review, this package may well be very useful to my day and swing trading. I will let you know how I get along and I will be putting this software to the test in the coming days.

On a seperate note and sticking to the theme of this website, the US did as per analysts expectation and not raise rates. That left the currency pairs in a state of confusion as to what to do next. We all know the Euro is in a downtrend for swing and position trading and selling the rallies is still my current strategy unless we break that all impotant resistance level 12980.

Lastly, I want to say thank you to Tom Joseph for yesterday.

Good night all.

Interest Rate Decision

No analysis today as we are all awaiting todays US Interest Rate decision. Remember sell the rallies in a downtrend unless we break 12980.