Cranking up the Long Euro Positions: Buying EUR/JPY
With Greece one step closer to drafting a debt deal, I think it's time to hop on the euro bandwagon! This time, I'm going long as EUR/JPY seems to be breaking past the 102.00 handle!
Blogs: Newest Posts
RBA Holds Rates Steady: What Now?
In a surprising turn of events, the Reserve Bank of Australia (RBA) announced yesterday that they have decided to keep rates steady at 4.25%. This was opposite of the market's expectation that the RBA would cut rates again for the third time in a row.
Daily Forex Fundamentals - February 8, 2012
Alas, risk appetite reigns supreme once again! Will the good vibes carry over in today's trading? Read up on the events that could affect market sentiment in my forex fundamentals report!
Daily Chart Art - February 8, 2012
And just like that, it's Wednesday already! Let these awesome setups on EUR/JPY, AUD/USD, and EUR/GBP help you get over Hump Day!
Playing the EUR/USD Range - Trade Closed
It was the combination of events from both Europe and the US to finally push traders to finally break the 1.3200 level.
Cowabunga System Daily Update: Tuesday, 02/07/12
I had a couple of trades today but unfortunately I ended up slightly negative for the day. I still have plenty of days in the week to trade so I'm not totally bummed. See how it all went down in today's Cowabunga Surf Report.
AUD/USD: End of a Rally? - Orders Cancelled Just in Time!
Phew! Saved myself from a heartache on this one! Here's why I decided to close my open orders on AUD/USD and what I learned from this trade setup.
Play the Range Or Ride the Trend? - EUR/USD Taken
And the losing streak comes to an end! Finally, after weeks of being on the red, I tasted my first win for the year with my EUR/USD trade.
Trading System Test: The Sproule System
Calling all humans! I, Robopip from the land of Beep Bop-Bzzzt-Beep, shall be backtesting the winning system for January's Best Forex Trading contest. Here's what I'll be doing...
Winner: Trade of the Week for February 6 to 10, 2012
The cool cats of the BabyPips.com community have spoken. This week's trade of the week winner is none other than...
Don't Give up on Your Trading Resolutions!
With the first month of the year in the books, now is as good a time as any to evaluate your trading resolutions for 2012. Were you able to stick to them? If you weren't, don't fret. It's all part of the process of change after all.
Reader Mailbag: "Two words for delusional China bulls: PER CAPITA"
We got some good feedback from our article on Friday. Below are a few reader comments and our responses. Enjoy. (And keep the comments coming.)
Recognizing Trend Transitions
I see the EUR/USD in a state of transition and not to be left out...I see the U.S. Dollar Index in the same transition. While the EUR/USD is moving sideways at the BOTTOM of its range, the greenback is doing it at the TOP of its uptrend.
