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Forex Trading Blog Updates
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!
These are the seven essential questions of a trade...those I need to ask and answer before I enter a new forex trade.
Last week's decline in forex volatility sets up interesting range-break opportunities, but there are still trend opportunities among the crosses.
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?
Looks like sentiment is shifting for the Pound, & with the Greenback finding support, I'm switching my focus to a different forex opportunity.
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.
In case you're wondering what that sharp Kiwi selloff was all about, then here's the latest scoop.
Brace yourselves, forex fellas! The Fed is set to make its interest rate statement this week so y'all better take a few minutes to figure out how this top-tier event could affect price action.
In the mood to trade yen pairs? You should take a look at these potential forex plays on CAD/JPY, NZD/JPY, and CHF/JPY!
In forex, the most common manifestation of recency bias is when a trader zones in only on his most recent trading decisions and loses perspective on the bigger picture.
If you're planning on trading AUD/USD, USD/CAD, or NZD/USD, don't forget to mark these potential inflection points and forex market events.