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Forex Trading Blog Updates
In case you're wondering why I'm skipping ahead to the forex mechanical system review, it's because the Triple SMA Crossover didn't generate any valid trade signals for my forward testing.
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.
I'm going with another simple technical trend setup, this time on EUR/JPY. Is the recent bounce higher an opportunity play the longer-term move lower?
Oscillators have turned down on 360-min and daily basis. Looking at this morning’s high as minor Wave 2 completion; setting the stage for Wave 3 down with scope to test the recent swing low at 1.2499 (labeled Wave III).
It's been a while since I last gave y'all a set of updates on the bitcoin so here's a new one for the forex traders out there who are also into cryptocurrency trading.
For the new forex trading week, I'm starting out with a simple trend setup on USD/CAD. Will the trend be my friend this week?
Unfortunately I ended up slightly negative today with one winner and one loser. However, I did stick to my rules and so I'm ok with the end results. See how it all went down in today's Cowabunga System Surf Report.
It looks like forex traders have already checked out for the weekend because much like the Asia session, London trade was mostly low volatility action and sideways choppiness.
Brace yourselves, forex fellas! Another round of currency wars is starting, but economies no longer seem to be bent on gaining an advantage in trade this time.
It's not too late to catch a few forex plays before the end of the week with these simple chart setups on USD/JPY, USD/CAD, and GBP/USD.
It’s not possible to predict every single forex market scenario and determine how you’ll act in each case, but it wouldn’t hurt to try your best to do so.
Yipes, my EUR/NZD forex trade ain't looking too good at the moment! Do you think the downtrend is still valid or is it time to exit early?
Took a break from forex trading for a while, but now I'm back for more pips! But first, here are updates on trades ideas that I posted a while back.