Each day, I will try to find what I believe is the best looking short term trade setup for the upcoming trading day or week. If you're a forex newbie, it can be tricky in the beginning trying to figure out how to look at charts and draw lines. My goal is help you understand the psychology of price movements so you can learn to analyze your own charts and trade on your very own. I will post my ideas and/or reviews through out each session right here, on Twitter and on Facebook.
Read First: My Trading Framework!!
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Good afternoon! Both of my short positions triggered during the European trading session, and I was lucky enough to get the price action I had hoped for. But did I execute well? …
While we didn't see much follow through in price action during the Asia session, the European session traders were ready to jump in the momentum sparked by the Fed yesterday. Unfortunately there was no pull back higher for USD/CHF and no trade for me. …
Good afternoon forex friends! It looks like potential support area was tested and held during the European trading session, but with the weekend quickly approaching I've decided to close up shop for the week. See how the day played out... …
Good afternoon! As I expected, we did see a good amount of volatility after a very slow Monday trading session. But it wasn't only UK data that moved the markets, China and Spanish bond sales played a nice role too. Check it!…
It's Friday the 13th, and while the Eurozone's luck may have run out with S&P today, it was all good for my short trade EUR/USD. Check out how it all went down!…
Good evening! Thanks to Fitch and weak German data, it was big moves for EUR/USD today, but unfortunately my entry orders were missed by like two pips! Check it out...…
Good morning forex friends! With 2011 quickly winding down and trading pretty much a wrap for the year, it's time to do the most beloved (or hated) of trading tasks: reflecting on your trading performance. I'll share with you an example of how I reflect in hopes that it will help you do your own. Check it!…
Good morning forex friends! No luck on my day trade today as we saw strong euro buying and risk-on sentiment at the European session open. It looks like euro bears never stood a chance, and neither did my day trade. Check it!…
Good afternoon! It looks like Cable's behavioral tendencies that I mentioned yesterday played out like clockwork. Unfortunately, the market didn't pop high enough after the UK data to trigger my shorts. Grrrrrr! Check out Cable's price action today... …
As expected, we had a range bound day in EUR/USD, but with economic updates and major news reports, there was enough price action to trigger one of my trade setups and close it out. …
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