Well, we had a pretty good week. Hope everyone caught some pips with me! Good luck trading this week.
Monday +20 pips
Tuesday -40 pips
Wednesday +9 pips
Thursday +50 pips
Total: +39 pips
Every day, I will try to find what I believe is the best looking short term currency trade setup for the upcoming trading day or week. If you're a forex newbie, it can be tricky trying to figure out how to look at charts and draw lines. My goal is help you understand the psychology behind price movements in the foreign exchange markets, so you can learn to analyze your own currency 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!!
Learn How to Trade Forex. BabyPips.com Is The Beginner's Guide to Forex Trading. Your Best Source for Forex Education on the Web.
Last month, it looked like EUR/JPY and the S&P 500 were parting ways while the other currencies and their correlated assets looked like they were reviving their relationships. However, price action since then showed that the opposite eventually happened since EUR/JPY and the S&P 500 were dancing together again. ...Read More