Daily Forex Fundamentals - February 17, 2012
Risk was on, and boy did the charts show it! Find out what caused the shift in risk sentiment in today's Forex Fundamentals! Let's get some pips before the weekend yo!
Blogs: Newest Posts
Submission: Trade of the Week for February 20 to 24, 2012
Time to open up those charts and put on your thinking caps, traders! The Trade of the Week contest is upon us again!
Range Play on USD/CHF - Trade Adjustment
Good evening! After a few days of waiting, both of my short entry orders finally triggered on USD/CHF. And thanks to the ECB's latest actions, it looks like risk aversion is off the table and the USD is selling off.
Daily Chart Art - February 17, 2012
Last trading day of the week, folks! So what are you waiting for? Check out these setups I spotted on USD/CHF, EUR/GBP, and USD/CAD.
Dollar and Euro dependence is a huge risk.
In the last installment of as the world turns towards chaos, aka Currency Currents, I discussed the massive debt problems we face and described why this may lead to below-capacity growth in the global economy for years to come.
USD/CAD: Shorting at the Top of the Range
After winning my last NZD/USD trade, I'm aiming for strike two with another comdoll trade! Check out this range setup on USD/CAD that I'm sure a lot of you won't want to miss.
Federal Reserve: QE is Possible Just Not Yet
Last night, the FOMC meeting minutes finally confirmed what market participants had been speculating for quite some time already: a third round of quantitative easing from the central bank is indeed a possibility.
GBP/USD: Waiting for a Trend Line Break
The dollar has been on a rally hasn't it? However, I have a few reasons up my sleeve to think that it's about to end soon. When it does, I'm gonna sell it against the pound. Here's my plan.
Range Play on EUR/GBP - Trade Closed
Awww yeah! It's a good thing I spotted this setup on my Weekly Watch early in the week because it just bagged me a 2:1 winner!
System Review: The Sproule System
I know how you humans hate to wait, so I had my quad-core flux capacitor work overtime to crunch out these numbers. It only took me 1.18846 seconds to get the backtest results for The Sproule System!
Cowabunga System Daily Update: Tuesday, 02/14/12
On this lovely valentines day the market showed its love for me as it gave me 23 pips today. See how it all went down in today's Cowabunga Surf Report.
Do you have 9-minutes? Check out this video of my USD/CAD set up.
In this nine-minute video I somehow manage to discuss the Dow's ceiling, crude oil's break of the century mark and the fundamentals surrounding it, as well as the set up I am seeing on the USD/CAD and how great it is that the intraday time frames are in "slop".
Top 4 Cases When You Should Sit on the Sidelines
It is said that patience is a virtue, but does this adage also apply to the fast-paced world of forex trading? Here are four scenarios wherein it might be better to patiently wait on the sidelines instead of jumping in a trade.
Trade of the Week
AUD/USD Short
by Light Yagami
Best System of the Month
Sproule System
By aidysproule
Forums: Newest Posts
Trade of the Week for February 20 to 24, 2012
0 replies, 20 views
Term of the Day
The newspaper definition of a recession is when the GDP rate declines by 2 or more consecutive quarters. The problem with this definition is that it makes it more difficult to say whether the economy is in a recession or not.
