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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A combination of better than expected European Bank stress test results on Friday and today's better than expected US New Home Sales brought risk tolerance back to the markets at the start of this trading week. This meant a broad US Dollar sell off and a rally in EURUSD. … More…
As expected, UK CPI data brought in volatility to Cable, eventually pushing the pair higher to my entry level. Unfortunately, weak US data and and positive corporate earnings sparks a demand for "risk" at the beginning of the US trading session. … More…
Good afternoon! It looks like I didn't get the retracement I was looking for to go long EURUSD as traders came back from barbeque and fireworks ready to buy! Is it too late to buy??… More…
Wowzers! I went to bed with a nice gain on my trade only to wake up with a nice punch in the face from the FX markets. Has the "Risk"-to-US Dollar relationship changed? … More…
