Trading Insights

By now, you all probably know that I got a very painful loss on EUR/USD yesterday. I decided to take a break from the markets, cool off, and focus instead on how my HLHB system has been doing in the last couple of weeks that I wasn’t able to forward-test it.

There are times when you trade too conservatively, and there are times when you trade too aggressively. This trade was one of the latter.

Good evening evening! It was a wild day in the markets as weak economic data and Trichet’s comments sent risk aversion flows into overdrive. It took Cable down to my long entry levels, but unfortunately previous major support wasn’t able to push risk aversion back.

And just like that, it’s Friday! Before I hit up the clubs with my homies, lemme leave y’all with a sweet euro special. On the canvas today, EUR/JPY, EUR/USD, and EUR/CHF!

Ever heard of the line, “Try and try until you succeed”? I’m gonna let you in on a little secret. Sometimes it doesn’t apply to trading.

I’m sure no one wants to get burned again after that wild Wednesday. So check out my chart art for today to better brace yourself for what could be a topsy turvy Thursday!

Unfortunately I took a couple small hits today but its all a part of trading! See how it all went down in today’s Cowabunga Surf Report.

After holding on to the trade for almost a week, I finally got stopped out yesterday. What a sad, sad day it is for little noobie Huck!

Aaaand my losing streak comes to an end! While this “win” wasn’t as big as I hoped, I’m so happy that my trailing stop saved the day again. Read on to find out how it all played out.

Need some pickup lines for tonight? Better check out my chart art – trust me, it never fails to impress the ladies!

It was a good day for me as the Cowabunga system helped me grab +17 pips and helped me avoid a potential loss. See how it all went down in today’s Cowabunga Surf report.

Well I guess that’s that for my Guppy trade! The Fib levels finally gave way as the pair dropped like a hot potato early this morning. Read up on how it all went down!

Missed the bus on a few good trades yesterday? Don’t sweat it! I’ve got some sweet setups on NZD/USD, EUR/JPY, and GBP/USD lined up for ya today!

I’m returning to the on-going discussion we’ve had regarding the Channel Up, mark up trend, and the swing buy I’ve been watching/waiting on the 240-minute EUR/USD. On April 26 and 29 I brought up my strategy for a swing buy and also my shift to an intraday entry because of the near-term support that the EUR/USD is seeing.

Oohlala, how could I have missed this one? Have you seen the Fibs galore on AUD/USD last week? If you haven’t, then here’s my best comdoll setup of the week just for you!

Look who’s back on top! Stealing the show from other crosses and breaking EUR/GBP’s two-week streak is GBP/JPY with this nice little breakout play! Check it out, bros!

This one’s for you Cyclopip! On the canvas today, a look at the daily charts of EUR/CAD, EUR/CHF, and GBP/CHF!

The downtrend is not letting up in the USD/CAD so far as the Asian session has opened for the week and the loonie continues to hammer the dollar. Not completely surprising the the slight bounce being seen on the daily time frame.

On April 26 I wrote about the patience I was exercising in waiting for exhaustion to possible drive the daily EUR/USD to my sweet spot for a swing buy entry. But what do you do when the market simply won’t come back to you? It can be maddening and that’s where common trading mistakes begin to manifest.

Knowing that a lot of you part-timers are out there, we full-time traders should give a helping hand when we can, right? We know what it’s like to be in your shoes, so here’s a few tips to get you through the challenges of part-time trading!