AUD/USD - Trade Update
Our short trade was triggered today just as the Europe/US trading session was winding down. The pair continued higher, but quickly found resistance at .9420 where it has More…
School: Featured Lesson
Elliott Wave Theory
Back in the old school days during the 1920-30s, there was this mad genius named Ralph Nelson Elliott. Elliott discovered that stock markets, thought to behave in a somewhat chaotic manner, actually, did not. They traded in repetitive cycles, which he pointed out were the emotions of investors and traders caused by outside influences (ahem, CNBC) or the predominant psychology of the masses at the time.Blogs: Newest Posts
Pick of the Day: USD/JPY
To close out the week, tonight's chart couldn't get any simpler. No Fibonacci, no mathematical indicators - just short at the resistance line! More…
Big Pippin's Forex Forecast: Thursday, 05/15/08
See what Big Pippin forecasts as he looks at his doppler radar (uhh charts) and gives his 2 cents about the markets. More…
Cowabunga System Daily Update: Thursday, 05/15/08
Well we had some good action today, but unfortunately I was only able to grab 7 pips. See how it all went down in today's Cowabunga Surf Report. More…
Cross-Eyeing EUR/JPY - Close Open Orders
It looks like volatility took EUR/JPY as high as about 162.95, just below our entry orders, before sellers jumped in and bought some Yen in early US trading. More…
Has The Dollar Hit Its Trough?
That’s a billion dollar question. Let’s analyze the signals and economic environment in a comparative global context to see if the dollar trough is here or if there is room for it to depreciate further. More…
It's Not the Size of the Fish But... Oh, Wait
During my very early days of currency trading my mind was running wild with the ideas and dreams of what I was going to do with my soon-to-arrive riches. Sound familiar? More…
Sell EUR/USD
Traders seems to be increasingly hesitant buying the pair at current levels, especially with Euro-zone economic data likely to worsen. The main reason price remains near all-time highs is because the ECB continues to maintain a tough stance on interest rates in the short term to control inflationary pressure. But just how long will this last if economic data being released gets suckier and suckier? More…
Trade Balance
Trade balance measures the ratio of exports to imports for a given country's economy. If exports are higher than imports (a trade surplus), the trade balance will be positive. If imports are higher than exports (a trade deficit), the trade balance will be negative.
