Trading currency crosses opens a whole new side of the currency markets, as different crosses possess different qualities that can suit any style of trading. Some crosses move fast and are extremely volatile with daily ranges that may exceed over 100 pips. While other crosses move relatively slow and exhibit low volatility, which is more suited for novice traders.
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EUR/GBP did retrace down, but not quite enough to trigger our long orders - missed it by a few pips. The pair looks like it's back in uptrend mode as it has risen and currently trading around 0.6715, so we will close open orders.… More…
Sorry for the late update. For those of you who took the trade knows that CAD/JPY dropped down to 102.50 and did a little reversal bounce. It was enough to trigger our first profit target, but not enough for the second. After pt1 was hit, the pair dropped and the second half was stopped out at break even. … More…
Here's a technical play on GBP/JPY. We seen lower highs on the 4hr chart and resistance at 235.35, which the pair is currently trading above. This is forming a descending triangle, in which i think is coming close to completion before we see a breakout. It's not ready for a breakout yet, but I think the pair will continue to find support at 235.35 and rally from there. … More…
Our trade was stopped out as the Euro gained strength across all of the majors throughout the day, including the Yen. We were short a full position at a blended price of 156.65 and stopped out at 156.90. It's a good thing we kept it tight because… More…
The second half of our trade closed yesterday at the adjusted price of 1.5330 and we locked in another +45 pips in the process. It's a shame that we did get stopped out because the pair eventually hit the … More…
Looks like we're off to a good start. Let's hope we can keep it going!… More…
