USDCAD: Neckline Retest? - Profit Target Hit
Whee! A winning trade for me! Thanks to strong economic figures from Canada, USDCAD dropped all the way down to my profit target in a jiffy!
Blogs: Newest Posts
Cross-Eyeing: Breakdown on EURCAD? - Trade Update
Looks like that ugly bearish pennant did break down! But wait, is that another pennant I see? Hmmm... Time to make some adjustments.
Look Inside Yourself
One trader wrote in that he was in a slump and wondered if he should switch markets or find another indicator. Do you ever find that you also want to blame something outside yourself?
Daily Economic Roundup - September 9, 2010
What a topsy-turvy world we live in, eh? First, traders are all risk averse. Next, they start buying up higher yielding currencies! Make sure you don't get caught in any crazy moves and brush up on your fundamental analysis by reading today's roundup!
Daily Chart Art - September 9, 2010
Are you ready for my chart art? I've got a couple of pound pairs and a comdoll on deck. Go ahead, check 'em out!
Cowabunga System Daily Update: Wednesday, 09/08/2010
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)
Gold is telling us something ... as usual
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.
Setting up the AUD/USD intraday uptrend
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.
BOE: More QE? Not so fast...
The UK takes center stage on Thursday as the BOE releases its decision on interest rates. Are we in for any surprises?
EURUSD: Swinging Higher? - Trade Cancelled
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.
Triangle Breakdown Leads to More Selling in Cable? - Trade Closed
And the choppiness continues! There was no follow through to the downside after a nice break of the falling triangle and major support area.
Forums: Newest Posts
Term of the Day
OsMA is the abbreviation used to express a function of Oscillator within technical analysis, OsMA standing for Oscillator - Moving Average (or sometimes Oscillator - Moving Average of Oscillator. ) Oscillator itself is an indicator that allows the demonstration of the relationship between any two given set periods of the Moving Average, which may then be either expressed as a percentage or as a number.
