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Forex Trading Blog Updates
The previous week wasn't such a good one for the SMA Crossover Pullback forex mechanical system, as it got caught up in market choppiness. Did it fare any better lately?
Are you focusing your energy and forex trades on the pairs with the most Contrast? Do you know what that means? How about HOW to find it?
Big moves from pound this week, enough to break a rising trendline in GBP/JPY. Is this a break-&-retest forex setup & is this the start of a downside move?
BEIJING—China’s exports fell in October for the fourth consecutive month, as a once-powerful engine of the country’s growth continued to sputter in the face of weak global demand.
The value of net long positions on the Greenback jumped for the fourth consecutive week. In addition, the latest COT forex positioning report from the CFTC shows that all of the Greenback’s forex rivals were in retreat, except for the defiant Kiwi.
Today's dovish comments from the BOE has sent Sterling tumbling, and with my position up over 100 pips, it's time to adjust my forex stop.
Unfortunately I had 3 close signals today but none of them fit my criteria completely so I had to sit out today. See how it all went down in today's Cowabunga Surf Report.
Mostly quiet price action in the London forex session with exception to a quick move in the Swissy and a slight bias towards risk aversion.
In this second part of my central bank roundup, I'm covering those hanging around in the dovish camp. Better use these to figure out what's next for forex trends!
I'm ending this trading week with a Kiwi special for my intraday forex charts update. I've got a symmetrical-ish triangle NZD/JPY, a potential double top for NZD/CAD, and break-and-retest setup for EUR/NZD. Enjoy!
Losing is inevitable in forex trading but instead of dumping one strategy after another, you should look at your losses closer to figure out how to improve.
How's it going, forex warriors? I'm steering clear of the dollar pairs ahead of the Thanksgiving holidays so I'm considering this GBP/AUD reversal setup instead.
With all the excitement over the majors lately, it's time to see if the HLHB trend-catcher system is getting any of the forex action!