Didn't think this forex trade had any more legs, so I decided to close my AUD/CAD short ahead of the weekend. Here's a quick trade review.
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Mental burnout can sneak up on a forex trader without notice, as one is constantly exposed to stressful and fast-paced market situations. How can you prevent this from hurting your performance?
I'm ending this trading week's intraday forex charts update with a euro special. I've got a channel for EUR/USD, a triangle for EUR/JPY, and a simple trend line bounce for EUR/AUD.
Price action was a bit more subdued than usual during today's morning London forex session, but there was more than enough volatility and directional movement to keep the session interesting.
Thinking of trading the Loonie? Take a quick look at Canada’s main economic components and see if you can find any forex trade opportunities!
Touchdown! Just a few hours after I posted my EUR/JPY trade update, risk aversion came charging across the forex field, pushing price to the end zone at the descending channel support.
Boo yeah! The SMA Crossover Pullback forex mechanical system is off to a good start this month, as it was able to score a couple of big wins last week.
Unfortunately it wasn't a good day for me as I lost one trade when the market switched trends during our trading session. See how it all went down in today's Cowabunga Surf Report.
Another good forex week for the HLHB System! Thanks to a burst of risk appetite, this trend-catcher caught hundreds of pips from both EUR/USD and GBP/USD.
It's kind of a mixed bag for me these days, as one of my forex positions is raking in gains while the other isn't looking too good. Here are some updates on my AUD/USD and GBP/CAD trades.
The value of net long USD positions fell for its sixth straight week but the latest CFTC report suggests that dollar bears might take it easy from here.
I appreciate Ludwig von Mises more than most and have for decades. So the yearning for free markets is high on my list. But the reality is we live in a world of controlled and quasi-free markets.
The China story continues to dominate the narrative. The question is: How to position entries for when the tide changes?