FXCM Micro

I find it very hard to trade the currency options due to low volume and wide spread. At the moment I'm just breaking even.

Anyhow, I have opened a account with FXCM Micro. At the moment, I'm trading using their demo account. Still trying to get the feel of the currency movements. Trying various strategy to see which suits me the best.

JPYUSD

JPYUSD Daily Chart

Monthly chart shows it will test 125. Weekly MACD almost going into positive. Daily is still up. If can break downtrend line, it will be pushed higher. Bought Jul 2009 call.

CHFUSD

CHFUSD Weekly Chart

Broken the immediate downtrend line. Should challenge the next downtrend line. Resistance: 93.00. Weekly gives a weak buy. Bought 2009 Jun Call.

AUDUSD

AUDUSD Daily Chart

Based on the daily chart, it is overbought. Bought 2009 Apr PUT.

EURUSA

EURUSD Daily Chart

Almost at the resistance line. Bought EURUSD April PUT.

I find that using EMA method is not giving me much buy/sell signal. So, I have decided to switch to daily Stochastic.