No trades today but an excellent learning day. Learning is totally righteous dudes! See how it all went down in today's Cowabunga Surf Report. (Video Included)
We said what is interesting about this chart is the fact gold and the US dollar have moved in a positive correlation lately. We've highlighted the area on the chart roughly where you can see the two price series started moving together. This isn't usually the case as you well know.
The 15-minute AUD/USD has been trending higher despite a recent exhaustion just above 0.9180. This pullback is setting up a possible swing buy from either the top line of the 34EMA Wave but could extend lower to the uptrend line support of the Channel Up pattern.
The UK takes center stage on Thursday as the BOE releases its decision on interest rates. Are we in for any surprises?
With all the falk the euro caught yesterday, I think it's time to find a way to short the euro once again. I spot a bearish pennant on EURCAD and I'm waiting for a breakdown!
Another day, another chance to catch pips. Make sure you check out my roundup first to see what's in store for today. Happy pipping!
Yo yo, my name be Big Pippin and I got something cool on the canvas for ya'll fellas today. Check 'em out!
Sure, I missed out on a could've-been-really-profitable short USDCAD trade but not all hope is lost! I guess I'll wait for a retracement on this one...
While I did get the direction right, my entry order was a bit too conservative. EUR/USD only made it down to the 38.2% Fibonacci retracement level before popping higher on account of better-than-expected non-farm payrolls.
And the choppiness continues! There was no follow through to the downside after a nice break of the falling triangle and major support area.
Never try to trade everything you see. Keep your trading activity limited. Focus only on the highest probability set-ups.
