OECD’s chief economist Klaus Schmidt-Hebbel says sharp devaluation of the Dollar unlikely. Read CNBC.

Coupled with what we saw in the technical charts of the USD’s swift recovery, does that mean that the the ‘Plunge Protection Team’ is now playing against Dollar bears?

USD recovers without remorse

Another fantastic score on EURUSD : +300 pips with a stop loss of only 35 pips.

That’s a reward to risk ratio of 8.6 to 1.

Illustration of Tflow System

What this means to you?

With a margin of average USD 136* for 1 mini contract, your profit return is USD 300. All in 10 hours work!
Your return on your margin is *220%*.

*If you traded with 1 standard contract with margin outlay of USD 1,360, your profit return is USD 3,000. *

Your risk – well, with TerraSeeds Tflow® Strategy, we are able to minimize it to 35 pips only!

Why is this possible with TerraSeeds Tflow®?

It’s possible – our graduates did it too in just another USDJPY highlighted last week! +220 pips

TerraSeeds Tflow® Strategy – a proprietary method designed by our professional traders achieved this result by performing 4 things:

1. Identify *OPTIMUM* area for a trade with River
2. Map *LEVELS* to trade by using special Fibonacci Ratios and Confluence
3. Fast and clear *TRIGGERS* to long or short – No confusion
4. You know your profit target and stop loss *AT THE SAME TIME* you open your trade

If your trading method has not been able to achieve this, TerraSeeds Tflow® Course can impart all these experiences and knowledge to you.

As long as you are willing to work hard with us, we will be at our best to impart all these to you!

**PROMOTION* Real time Hands on Class – our commitment to you

For current intake 5, if you sign up during preview session, you will receive 3 extra hands on class worth $120 and a book “The Secrets of Economic Indicators” worth $32. (while stock last). Don’t miss this package…there are very special reasons why our students love the real time hands on class conducted by us. They excel tremendously with our experiences and know- how.

“If I have seen further, it is by standing on the shoulders of giants.” – YH Kong, Intake 3

I would like to invite you again to our Forex educational session on 31 March (Tuesday) again as this promotion ends 31 March 2009.

Call us at 6492 3196 to talk to us if you can’t make it for our Forex educational session on 31 March.

Binni Ong
Chief Trainer

The Aussie dollar may have found a stronger support level at its 23.6% retracement (0.6900) than its European and British counterpart.

Despite the rally in the dollar last night, the Aussie encountered its support and held. The EURO and the Sterling on the other hand fell through to touch the next retracement value at the 38.2%. It may not be wishful thinking to see the Aussie attempt the March 2009 high were positive momentum were to remain.

Aussie find support at 0.6900

Euro falls to next level

Some students of the Tflow class profited from this trade taken during a hands-on class. The trade was triggered with a ‘Wash N Rinse’ setup with a risk defined at 20 pips only. Target level as 300 pips defined by Fibonacci levels was reached 2 days later.

Of course the FOMC came along and gave a spectacular boost.

EUR support and resistance still valid

Whether last night’s news was really a surprise is questionable but we find that the market or more importantly the charts contain a lot more predictive value.

A low-high (March) fib measurement of the EUR on the daily chart will show that yesterday’s trading low for the was really a 23.6% retracement support. This was also confluence of an equidistant channel that could be drawn using points which were already available over the past few days.

A 170 pip rally brought the EUR to the top of the channel and touching the resistance nicely. It really isn’t a surprise. Its a bet of 30 pip stop versus a 170 pip target.

What’s more, until the channel is violated conclusively, it is still valid.

We have a very successful intake for the course ‘Time It Right With Indicators’ marketed by ShareInvestor and taught by TerraSeeds Chief Trainer with Binni Ong.

The class conducted at TMC Educational Centre last Saturday  21 March 2009 from 9am to 5pm was full with 49 participants.

The course covered 4 indicators:

- RSI
- Williams %R
- ADX
- Bollinger Bands

Course 'Time It Right With Indicators'

From today onwards, forex trades of the week will be posted here in this subdomain instead of the archive for a better browing experience and housekeeping. Readers can still access the old trades at the archive or call up new posts here by search under the ‘Trade of the Week’ tag.

Archive of ‘Trades of the Week’ from 13 October 2008 till 27 Feb 2009 is available here.