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Forex Trading Blog Updates
Thanks to the feedback I've gotten on my blog entries about the Amazing Crossover system, I've come up with a new set of adjustments for another version of the forex mechanical system.
Each week I have to re-examine, re-investigate, and re-consider all the drivers of my forex trades and setups.
I'm going with a potential long-term short forex trade in AUD/CAD as the pair breaks below a major area of interest on strong momentum.
Wow! A dip to 27%? Things must really be improving you might think. Until of course you read the first sentence of the story, “…dips to 27% from 27.1%.”
The return of market liquidity, clearer monetary policy biases, and less geopolitical uncertainty... Are these translating to a pickup in forex industry metrics so far?
There's a nice uptrend in the works on USD/CAD, and with an active forex calendar for both the U.S. and Canada, we could see volatility rise to create good opportunities.
Unfortunately, as eager as I was to trade, I didn't get any valid signals. See how it all went down in today's Cowabunga Surf Report.
Price action in the London morning session was a bit choppy for forex, but we saw strong moves in Sterling on fresh inflation data and continued Scottish referendum vote drama.
Expectations are running high for an upbeat FOMC statement this week, but will this be a classic case of "buy the rumor, sell the news" in the forex market?
Who's in the mood for retracements? Better check out these potential forex setups on NZD/USD, USD/CAD, and GBP/CAD!
If you listened in class back in grade school when the scientific method was taught, pat yourself on the back! Having a scientific mindset may just give you an edge in the forex market.
Aaand I'm out! I tried to play it more aggressively with this GBP/CAD short forex trade idea, but I got wiped out with my last position. Here's what happened.