June 2012 Monthly Archive

Potential Area of Resistance to Hold on GBP/USD? – Closed Open Orders

Good morning forex fiends! It looks like the market doesn’t want to play nice with me as it barely touches my first short level (1.5650), or narrowly misses it, and does not trigger my trade. I’ll take it as a sign to stay out of the markets, so that’s what I’ll do… Read more

Will EUR/USD Settle into a Short-term Range? – No Trade

Thanks to bad global manufacturing data and bank downgrades, it was risk-off all over the place between Thursday and Friday’s trading session. EUR/USD quickly visited the 1.2700 before dropping; unfortunately I didn’t get to catch it. Here’s what happened… Read more

Technical Setup for a Day Play on USD/CHF – Trade Closed

Good morning forex friends! USD/CHF moved higher as expect, but I was a bit off on my entry as it didn’t find resistance until the next Fib higher. Luckily, the area did hold as resistance, and with no potential catalysts coming up, I decided to close out and look for a new opportunity. Read more

Fading the Spanish Bank Bailout – Closed Trade

Good morning forex friends! This past weekend, it looks like Spain will get a little bit of cash, ok maybe a lot of cash, to shore up it’s banking sector. As expected, this caused a big ol’ gap higher in EUR/USD, but will it last? Read more

Swing Short to Jump in the GBP/USD Downtrend – Closed Trade

Good morning! The BOE’S Monetary Policy committee came out as expected with no changes to the interest rate or their asset purchase program. But it was the surprise rate cut from China that kick started the markets into risk-on mode, and me into exiting my trade early. Read more

Technical Swing Setup on USD/CHF – No Trade

It seems to be the story of my Q2 performance as the market went my way without the pullback I was looking for. Check out how USD/CHF played out during this week’s risk-off bonanza! Check it! Read more