Trading Insights

Happy morning guys! It looks USD/CAD favored a direction after all! Too bad it wasn’t what I expected. Here’s why I decided to stay out of the market despite the release of Canada’s GDP report.

How was my week? Let me just say, I’ve had better ones. My HLHB system didn’t generate any valid signal (AGAIN!) and I took a 1% hit on my account when I shorted EUR/USD. Sigh. How was your trading this week?

If you’re into swing trading, then you’ll find my update very helpful! On the canvas today, I present to you the 4-hour charts of USD/CHF, GBP/JPY, and AUD/USD.

Gah! So much for getting my hopes up! Just a few minutes after I updated my trade, EUR/USD went on an upward rally and stopped me out. Boo!

It’s the last trading day of the month kids, so we better make it good! Check out these dope setups I found on EUR/USD, USD/JPY, and USD/CAD!

As expected, Canadian CPI took USD/CAD down to my entry levels, but unfortunately it took the market way beyond that as well! My trade was quickly invalidated as traders went loony for the Loonie on renewed speculation of rate hikes in Canada…doh!

Good thing I closed all my open positions last week! Check out what could’ve happened to my USD/CAD trade!

On today’s canvas, I’ve got a range play, a symmetrical triangle, and a broken trend line. If you’re interested in knowing more, then check out my daily chart art!

For my Best Forex Friend (BFF) this week, I give my happy snaps to one of the most active members on my Happy Comdoll Corners! Let’s all give a hand to…

So close, yet so far! EUR/JPY came within 10 pips of my profit target but decided to turn back and bump me out at breakeven. Drats!

Get your FX swag on in today’s trading by checking out these spankin’ setups I spotted on EUR/USD, AUD/USD, and EUR/CHF!

The sideways chop on the U.S. Dollar continues as the index was rejected from the 76.50 level for the third time since late-May. What does this mean for your trading and how can you handle the summer chop?

What’s crackin’ fellas? Aside from this wicked sick setup on GBP/JPY, that is! If you were brave enough to short the pair prior to the release of the MPC meeting minutes, you could’ve walked away with a quick 6:1 trade!

Aaah, it’s that time of the week again. But don’t worry! There’s no need to feel the Monday blues. All you need to do is check out these sexy setups I found on USD/JPY, EUR/JPY, and USD/CAD!

Let’s face it – we are all worry warts to some extent. But for traders, worrying doesn’t have to be counter-productive. Let me tell you how you can use worrying to your advantage.

And once again, my HLHB system missed out on all the action in the charts this week. Boo! But my USD/CHF trade did pull a win! I’d say this was a decent week overall!

Whoa! It’s already the last Friday of June?! Oh, how time flies! See if you can get some last-minute pips with these setups I found on EUR/USD, USD/CAD, and GBP/JPY!

Today was another breakeven day as I won one but lost one as well. See how it all went down in today’s Cowabunga Surf Report.

You know how people tell their stories of love at first sight? Well, it was like that with my USD/CHF trade. But I think it’s more apt to describe my feeling as short at first sight. I hope I don’t end up getting my heart broken like yesterday with my missed EUR/USD trade.

Nice price action in Cable during the Wednesday session and the good news is that it looks like my gut was somewhat right on how the market played out. The bad news is that I may have been TOO conservative on my entry…doh!