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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To say that trading was wild on cross-currency pairs this year would be an understatement. Despite the choppiness in the markets, I don't think I fared too badly at all. Here's a recap of my trading for 2011. … More…
Resistance at around 122.20 didn't hold this time around, and unfortunately, my GBP/JPY position got stopped out. Not quite how I wanted to end the year, but good thing I didn't risk too much on this trade!… More…
What a crazy week we saw last week! If you didn't catch the early sell-off, you might have had a harder time making some pips later in the week as we saw some major consolidation. With the holidays just around the corner, will the consolidation continue? Here are some levels to keep an eye on this week! … More…
Looks like lady luck wasn't on my side this time, as I missed out on getting triggered on my GBP/JPY trade! Now it's trading near the bottom of the channel! Drats!… More…
Last week was downright awesome as EUR/JPY and EUR/GBP responded nicely to the levels we had pointed out. Need to know what levels you should be watching this week? Then check this out!… More…
Thanks to my Weekly Watch, I focused my eye on EUR/GBP and shorted at the PWH! Looks like the trade worked out nicely for me as I was able to catch a top and quickly grab a cool 50 pips! … More…
ARGH! Looks like I played this trade just a little too tight! If I had set my stop just 12 pips higher, I would be chest deep in the money right now!… More…
Sorry for the late post, fellas! I think I had a bad batch of bunny ears over the weekend and it kept me out of commission yesterday. Anyway, I'm back and ready to tackle the markets! Here are this week's levels to watch!… More…
