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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Big moves for Cable as expected, but the volatility didn't move the markets in my favor as GBP/USD moved higher first and then dropped like a rock! Check out my trade and price action review for nice short signal before the madness started.… More…
We finally got to my event of the week, the UK Interest rate decision. As expected, the Monetary Policy Committee (MPC) held rates at 0.5%, and just like the past few announcements, Cable rallied higher--unfortunately without triggering my orders...doh! Take a look!… More…
With my swing idea orders from yesterday's post cooking, I thought I'd switch back to "Pick of the Day" mode with a price action review on AUD/USD. No news day ahead of big events generally means ranges may rule. Check it out!… More…
For today's price action study, I'll review a setup I like to call the "Trifecta." Basically, it's a candle pattern and divergence forming at an inflection point, and when you see this bad boy, it's a good signal of a potential reversal. Check it out!… More…
Good evening! For today's market study, we'll take a look on why the Aussie had a one way ticket past parity and to the moon against the Greenback and a smart way to play rallies like this. Check it out! … More…
