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 morning! EUR/USD took a dive without hitting my short orders at 1.4500. With the US GDP data coming up, along with the weekend, I have decided to close my open orders on this trade idea.… More…
I got what I expected from UK data yesterday, unfortunately it wasn't the market driver I had hoped it would be as traders turned strong US Dollar bearish throughout the European and US trading sessions. Not so good for short Cable trade.… More…
So, how bout them markets? It was a wild one today and on top of the extreme volatility, it wasn't a good day for me as I let what could have been a great trade turn into a sour one. … More…
Well that was quick! The Swiss National Bank came out with a statement basically saying that the Swiss Franc is "massively overvalued" and won't take it anymore! Needless to say, that is Swissy bearish in a big way. Check out how my day trade played out!… More…
