Pick of the Day

Trade Idea: Quick Pullback on USD/JPY

Diverging monetary policy biases from the Fed and the BOJ could be enough to keep USD/JPY on an uptrend so I’m waiting to hop in on a short-term correction. Read more

Trade Canceled: GBP/USD Pullback Play

I changed my mind about setting short orders on Cable since price blew past the Fibs and nearby resistance without even looking back. Read more

Trade Idea: GBP/USD Pullback Play

I may have left some pips on the table with my previous Cable short, but I’m convinced that the downtrend could resume at some point. Here’s the pullback play I’m looking at. Read more

Trade Review: GBP/USD Short-Term Retracement

I’ve decided to finally book profits on this short Cable position to avoid potential losses during the U.S. retail sales release. Here’s how it turned out. Read more

Trade Review: NZD/JPY Short-Term Downtrend

I probably should’ve been quicker about locking my gains on this one because price started climbing even before the RBNZ made its decision! Read more

Trade Idea: Short-Term NZD/JPY Downtrend

The RBNZ is widely expected to cut interest rates in their monetary policy statement this week so I’m gonna try to catch a short Kiwi trade. Here’s what I’m seeing on NZD/JPY.

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Trade Updates: Short GBP/USD and Long USD/CAD

I’ve made a few adjustments in my open trades to account for additional volatility and upcoming catalysts. Here’s what I have on GBP/USD and USD/CAD. Read more

Trade Updates: Short GBP/USD and Long USD/CAD

So far so good on my USD/CAD trade, but my GBP/USD position is still going nowhere! Here’s how things are looking so far. Read more

Trade Update: USD/CAD Break and Retest

Weaker than expected U.S. GDP brought USD/CAD down to the 1.3000 area last Friday, causing my second position to get filled. Think I should hold or fold? Read more

Trade Update: USD/CAD Break and Retest

Now that the FOMC statement is over and Fed officials seem to be relatively hawkish, I’m setting my orders for this USD/CAD pullback play. Read more

Forex Watchlist: USD/CAD Break and Retest

Crude oil has been tumbling again these days, causing USD/CAD to make an upside breakout from its symmetrical triangle pattern. But with the FOMC statement coming up, I’m inclined to wait for a pullback before going long. Read more

Trade Review: EUR/GBP Long-Term Trend Line

The numbers are in… and I’m out of this trade! Take a look at these reasons why I decided to exit this EUR/GBP position early. Read more

Forex Watchlist: EUR/NZD Pullback Area

With the ECB statement coming up, I can’t help but look for potential short euro plays to hop in the ongoing trends. Here’s what I’m seeing on EUR/NZD. Read more

Trade Updates: Short GBP/USD and Short EUR/GBP

I’ve got a couple of opposing pound positions open so far, and I’m waiting for the top-tier U.K. events to provide more direction this week. Read more

Trade Update: EUR/GBP Long-Term Trend Line

Now that the BOE decided to keep interest rates on hold for the time being, I’ve gotten confirmation to enter this short EUR/GBP setup. It also helps that I’m seeing this reversal pattern on the 4-hour chart. Read more