With the strong uptrend - and "strong" hardly seems enough to describe the trend the aussie has been in - I've been swing trading. This means that I wait for a pullback to a key level and buy into it. It's a funny feeling to buy weakness but remember in a swing trade it's a correction you're looking for just as long as the overall trend is int
Finally! On my last blog entry, I was watching the symmetrical triangle and waiting for a breakout to put a position on. After waiting for a week, a breakout lower on GBPJPY has finally come through at the open of today's Asia trading session.
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I noticed a Reuter's poll today. All the top banks were asked to provide their guess on just how undervalued the Chinese currency--yuan- was against the US dollar. The average guesstimate was about 20%.
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There has been a lot of fuss regarding the new regulations implemented by the National Futures Association (NFA). What did my forex recon turn up?
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Good evening! I thought I'd end the week by throwing out a trade idea on GBPUSD. The US Dollar rallied on Thursday as a drop in global equities caused a run to the Greenback. Will we see more risk aversion trades into the weekend?
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With the trend moving down yesterday, we were able to surf a wave for a nice 39 pips today! See how it all went down in today's Cowabunga Surf Report. (Video Included)
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Yesterday was all about risk aversion and US dollar domination. Would this price behavior carry on today or would traders take advantage of bargain prices?
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Fed Chairman Ben Bernanke and ECB President Jean Claude Trichet are arguably the two most influential financial honchos around. As the global economy emerges from the worst recession since WWII, both leaders are stressing "the need" for a stronger dollar in order to stabilize international trade and prices.
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Breakouts! That's what we saw with the commodity dollars in the previous trading session. Check out my daily chart art for what happened!
I was watching the Lakers play the other night on the tube. While I'm a big fan of Kobe Bryant, I was getting frustrated at him during the game because he seemed to, at least in my opinion, force too many shots.
Good afternoon! For those who have been keeping up with AUDUSD, you know the pair finally broke the neckline and triggered my short orders at .9230. A round of risk aversion has
The Loonie Adventures of a Forex Noob
I got home today from work and found out that my take profit point got hit! I was a little worried at first, because the pair seemed to range for a bit and actually tested the 89.50 price level twice before moving down.
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