Trading Insights

Stochastic is my new girlfriend! For a second week in a row, it saved me from the heartache of falling for a fakeout. Whew!

It looks like euro sentiment continues to remain fluid as the market shifted gears on speculation that the potential ECB interest rate hikes outweigh the sovereign debt issues and credit downgrades. Needless to say, this didn’t work out too well for my day trade….

If you love 4-hour charts, then today is your day! On the canvas today, I’ve got USD/CAD, GBP/USD, and EUR/GBP!

It looks like New Zealand technically dodged a recession after all! Yay for New Zealand, boo for my trade! As I planned, I manually closed my trade at the release of the positive report. Here’s what happened…

On today’s chart art, I have a couple of dope-looking trade setups on a major pair and two comdolls. Check it yo!

Unfortunately I took a small spill today but it’s all a part of being a trader! See how it all went down in today’s Cowabunga Surf Report.

Drats! Just when I thought I caught a winner, I got killed by the spread as my adjusted stop got hit! What’s worse, price eventually hit my profit target!

It’s all about the euro today as I bring you not one, not two, but three charts that include the euro! Check ’em out for some dope looking setups!

The break higher in the EUR/USD has carried the pair to 1.4250 where psychological level resistance at the “50” pip has pushed price lower and broken the uptrend line support of the Rising Wedge pattern.

Sorry for the delay, fellas! Had to put off doing my Weekly Winner price action review today because I got caught up with my GBP/JPY trade! I’ll fill you in on that later on… For now, let’s check in on what GBP/JPY presented last week!

Are you ready for today’s chart art? On today’s canvas, I’ve got NZD/USD, EUR/CHF and USD/CHF. Don’t miss out on these sweet lookin’ setups!

I think I jinxed my trade again by calling 1.4000 a top! Boo! After I entered my trade, EUR/USD only dipped to a low of 1.3751 before skyrocketing past the resistance at the falling trend line and stopping my trade out at 1.4050. Drats!

Rise and shine, brothas! Stay on top of your trades as early Monday with my rad setups on GBP/JPY, USD/CHF, and USD/CAD!

Whew! After dealing with a crazy schedule and even crazier market action last week, I can’t think of a better way to end the week than doing a comdoll replay. Find out how Japan’s news moved the comdolls, and why I think NZD/USD had the best setup for the week.

S-T-R-E-S-S. Who doesn’t hate it? I know I did… until I learned that stress isn’t what the market or my trade does to us, stress is how we react to those external events or actions. Whether it’s good or bad is all up to us…

Unfortunately we took a little spill at the end of this week but recouped some of the losses in a 2nd trade. See how it all went down in today’s Cowabunga Surf Report.

Last week my 30-pip filter annoyed me like that “Friday” song. But now, because it saved me from a fakeout, I’m head over heels for it! Oh, how I love you my 30-pip filter!

Y’all ready for some European madness? On the charts today, some setups of your favorite European currency pairs, GBP/USD, EUR/GBP, and EUR/CHF!

Y’all ready for some European madness? On the charts today, some setups of your favorite European currency pairs, GBP/USD, EUR/GBP, and EUR/CHF!

ARGH! I guess I won’t be able to do my happy dance this time around because my USD/CAD trade didn’t turn out as well as I hoped. Here’s how I got stopped out after only a few candles…