Videotaping your trading can help you review and focus on both how YOU traded and how the MARKET moved.
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With Europe closing, the weekend approaching, and CHF/JPY going no where, I decided to take profits on this pair and look for new opportunities. Here's my forex trade review.
Forex volatility picked up in the London session thanks to weak German data, a read on U.K. GDP, and further downside momentum in the Kiwi.
As expected, the RBNZ hiked interest rates by another 0.25% in their latest policy statement. But why aren't traders showing any love for the Kiwi?
Even though EUR/NZD popped higher in the past few days, I think the longer-term downtrend might stay intact so here's my swing trade idea.
Greetings, earthlings. I'm sure you've been waiting for the results of my forward tests on the Amazing Crossover system... and here they are!
Are you a fan of trends? Then you should definitely have a look at these potential forex plays on EUR/NZD, GBP/AUD, and AUD/NZD!
The RBNZ signaled a pause in rate hikes, which forex traders took as a signal to sell NZD. I'm still long biased and entering with a different technique now.
I held on to this forex trade for too long! Here's how I ended up with a break-even trade instead of a decent winner from a few weeks back.
Correcting lower in minor wave (c) of 2; with scope to 1.0615, but targeting to 1.0683 (61.8% retrace).
Why did the NFA decide to prohibit the funding of forex accounts through credit cards? Should you be concerned?
These are the seven essential questions of a trade...those I need to ask and answer before I enter a new forex trade.
Unfortunately I took one loss today, but considering how choppy the market was, the Cowabunga System kept me from losing any unnecessary pips. See how it all went down in today's Cowabunga Surf Report.