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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It looks like euro sentiment continues to remain fluid as the market shifted gears on speculation that the potential ECB interest rate hikes outweigh the sovereign debt issues and credit downgrades. Needless to say, this didn't work out too well for my day trade....… More…
Risk aversion continues to be the name of the game and it looks like the Greenback continues to benefit from it. My short EUR/USD trade was triggered for a few nice pips on the day. Check it!… More…
It looks like the mix of economic and geopolitical events over the past day or so has brought back fear and safe haven flows to the Greenback. Cable also deviated from past behavior after the BoE held rates and bond purchasing plans steady.… More…
Good evening! With the US Non-Payrolls coming up soon, I have decided to lock in profits by closing out my short positions on Cable. Didn't catch big moves, but it was a nice profit for the week. Check it!… More…
