With a really busy economic calendar this week, I thought I'd adjust the stop on my USD/JPY long forex position to lock in gains ahead of event risk.
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Even with U.K. forex traders out for the May Day holiday, there was plenty of action thanks to euro zone manufacturing PMI data and brent crude pulling the Loonie higher with it.
Here's the second part of my forex review on central banks' monetary policy biases these days. As in the first part, I've picked some pop songs to better illustrate where they stand.
If you're planning on trading AUD/USD, USD/CAD, or NZD/USD, don't forget to mark these potential inflection points and forex market events.
Big moves in the forex crosses definitely changed up the charts last week. Check out the new patterns I'm seeing in EUR/JPY, GBP/JPY, and EUR/GBP!
Let's start the trading week with a look at these potential forex plays on the 4-hour charts of USD/JPY, USD/CAD, and AUD/USD. I've got a couple of retracements and a breakout setup right here!
For those who have just heard of forex trading and are seriously considering becoming a currency trader, here are 5 excuses that you shouldn’t be making.
Happy Labor Day, forex traders! While I'm waiting for EUR/USD's range setup to play out, I decided to take a look at GBP/USD for a possible trade.
Now that the top forex firms in the U.S. have released their numbers for Q1 2015, let's review the latest metrics to see how volumes and profitability fared in the first three months of the year.
It was a good day for me as I was able to grab 37 pips off of one trade today. See how it all went down in today's Cowabunga Surf Report.
Supporters of the concept regard memes as cultural analogues to genes in that they self-replicate, mutate, and respond to selective pressures. That sure does sound a lot like a boom-bust cycle doesn’t it?
Last month, we've covered the topic of opening trade orders on your forex EA and looked at a few examples. This time I'll be discussing additional functions you might need in managing your trade orders.
How do we move away from the stop loss mentality and start to manage the forex trade like a winner?