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Forex Trading Blog Updates
As I've mentioned in my blog review on the Triple SMA Crossover, this forex mechanical system needs a bit of work. Got any tips?
It's not what you may already have heard. It's not common, and it's certainly a road less taken...I think that's why it's worked.
With big moves thanks to the BOJ and the weekend approaching, it was time to do a quick review and update on my forex trades.
I noticed, at least up until yesterday, the one-trick pony gold-loving-dollar-hating sound-bite morons were still doing interviews on the financial TV channels (I don’t watch TV but see it second-hand via the internet).
Ooh, it looks like the competition is heating up between some forex brokers! Word through the grapevine is that FXCM Australia and DMM FX Australia are battling it out with ultra-low fixed spreads.
The Fed ends QE as expected, but there were positive comments from the FOMC that has forex traders still optimistic of a rate hike--and me bullish on USD.
Unfortunately It was not a great trading day for me as I took 2 losses. Luckily, the losses are small and the thing I find comfort in is knowing that I followed my rules correctly. See how it all went down in today's Cowabunga Surf Report.
The big forex mover of the morning London session continued to be affect of the Bank of Japan's surprise increase in monetary stimulus.
If you thought that BOJ Governor Kuroda was just bluffing when he said that they're ready to ease again if inflation falls further, then you're in for a big surprise!
It's all about the channels and ranges on today's canvas, as I bring to you these potential forex plays on AUD/CAD, CAD/JPY, and AUD/USD!
If you're having a hard time accepting your losing forex trades, think of these losses as a close friend that you can learn from.
Hey, forex fellas! Here's a quick update on how my latest comdoll trades are going so far. My long CAD/JPY went fine but my short EUR/NZD ain't looking too good!
Is it just me, or is USD/JPY gearing up for another move higher? Here's the forex trade setup that I spotted!