Losing is as much part of forex trading as winning. However, a stream of losses or consistent lack of profits could be a sign that changes need to be made.
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It's all about chart patterns in today's intraday charts update, with a channel for NZD/CHF, a wedge for AUD/USD, and a triangle for CHF/JPY to play with.
Price action during today's morning London session was rather wonky since the euro reigned supreme while the Kiwi floundered, even though risk appetite returned.
From time to time, I bring up the CME Group's FedWatch Tool to show rate hike probabilities. And if you ever wanted to learn more about this nifty tool, then today's little primer will help you out.
A pretty surprising week for the HLHB! This trend-catcher gained pips on EUR/USD despite its tight range while it lost pips on GBP/USD even though it showed more volatility throughout the week.
Since the RBNZ hinted that they might cut rates again while the Fed stands ready to hike sooner or later, I'm gonna hop in this NZD/USD selloff. Take a look!
I spotted this neat descending triangle support test on the 4-hour chart of GBP/CHF, and market sentiment seems to be lining up for a bounce. What do you think?
The value of net long bets on the the Greenback fell again. However, the latest COT report shows that the Greenback had a mixed performance since it advanced against the Aussie and Kiwi, but got pushed back by the pound.
Looks like I caught the wrong side on this one so I've cut my losses quickly with this CAD/JPY setup. Think I should hop in the opposite position?
Given that Janet & Company sounded so “hawkish” when they were sipping wine and eating cheese in Jackson Hole, reporters at the recent Fed press conference asked if waiting till after the election to hike rates might be politically motivated.
Not the best week for the SMA Crossover Pullback system since dollar and yen pairs were treading carefully before the FOMC and BOJ statements.
Unfortunately the two possible signals I had were close to news events which kept me from entering. See how it all went down in today's Cowabunga Surf Report.
There are times when the market narrative leaves us knowing that the markets may not be done adjusting or REadjusting to a new twist in the plot. The GBP is such a story.