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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So much for that long-term resistance at 1.0500! Because of the dovish BOC statement, the Canadian dollar melted across the boards yesterday. AUD/CAD broke through the key resistance level and my position got stopped out! @#$%^&! Drats!… More…
I missed out on my GBP/JPY trade last week, but looking back, there was another potential setup that I could have taken on the pair. Here's a simple trade on Guppy that would have yielded a 4.4:1 reward-to-risk ratio! … More…
Looks like Lady Luck just isn't on my side this week. Even after giving it an extra day, I still haven't gotten triggered on my GBP/JPY setup! I think it's time to take off my orders, reevaluate the markets, and look for other setups!… More…
Leave it to Guppy to make it rain pips! The volatile pair delivered two awesome trade setups last week. One was good for about 200 pips while the other could've given you about 300 pips! Money in the bank, son!… More…
There was no stopping the Guppy train yesterday, as higher-yielding currencies ruled the day. Unfortunately for me, my buy order didn't get hit and I missed the move!… More…
Some say that being a contrarian pays off, and last week, it certainly did on EUR/JPY! Here's a sweet setup you could have taken on EUR/JPY that would have yielded an awesome 3.5:1 trade! … More…
Thanks to a sudden wave of risk appetite, comdolls like the Australian dollar managed to tear up the charts yesterday. Unfortunately for me, this caused AUD/JPY to break its falling trend line! Drats! … More…
Don't you just love it when you look back and see that you played your cards right? Last week, EUR/JPY dished out two solid winners, and I was able to bag one of them!… More…
