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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My idea that the Greenback sell off has run out of steam worked out pretty well against the majors--except Cable. While the rest of the majors are trading lower on the week against the Dollar, Cable is grinding higher on better-than-expected UK data. … More…
Wow! What a difference 24 hours can make on currencies as the China interest rate raises didn't have much of a lasting effect on the markets. Traders returned to further Fed QE2 sentiment, and with the help of positive corporate earnings, risk was quickly picked back up. … More…
My end of the week trade idea managed to produce a few pips for my account, but because I had to take off early for the weekend, I wasn't able to update my blog until today. It looks like that saved me a few pips as well. … More…
It looks like I got the price action I was hoping for as Cable pulled back just enough to trigger half of my orders to go long. With the help of today's announcement from the Bank of England on interest rates and their bond buying program, we got to see another retest of 1.6000. … More…
Good evening fellow Forex fanatics! We've got a simple technical setup going on in USDCHF as the pair stalls during its current downtrend. Check it out!… More…
