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 afternoon! I deviated from my original plan a bit as I held onto my EUR/USD short overnight. This turned out to be a good decision as the market found a reason to continue the trendline break lower. Check it! … More…
It would be an understatement if I said today was just one of those wacky days in the markets--it was nuts! Despite a constant stream of rumors, news and data releases, USD/CHF played out as I hoped. Check out how I closed today's session. … More…
Good morning! As speculated, momentum carried over from yesterday as we saw further "risk-off" moves during the Asia and morning European sessions. Unfortunately for my trade idea, the retracement in EUR/USD was way too shallow for me to jump in. Check it out!… More…
It's a "no go" on my day trade as the market dip wasn't enough to trigger my orders at Tuesday's lows. It's a shame because euro bulls jumped back in with force! Check it out!… More…
Good afternoon! The week has already kicked off and it looks like volatility has not yet left the building. The European debt and banking issues continue to drive sentiment, but earlier today, Bernanke's testimony to Congress may have setup another opportunity to play the overall trend. … More…
