Trade Ideas

EUR/USD is nearing the 100 SMA on the daily chart as the annual Jackson Hole Symposium draws nearer. Coincidence? I think not! Read my opinion on the much-anticipated meeting and its potential effect on the forex market after the jump!

Before I take any comdoll trades this week, I’d like to know what you think of these potential plays I spotted on AUD/USD, USD/CAD, and NZD/USD!

Slowly but surely, is the way of the HLHB! The HLHB Trend-Catcher has extended its winning streak. Although its gains haven’t been as impressive as those that it scored in Q2 2012, it looks like they are growing bigger and bigger each week!

It’s the last week of August, folks! Make every last second count by marking out important levels on your favorite crosses now!

Today in the Forex in the Morning chat, I had a question about “scalping” and how that fits in to a trader’s strategy. Ah, not an easy question when trying to categorize what market trend “scalping” fits into but it is a style that many traders employ so in this video I explain what it is and what environment it is best suited for!

Ka-ching, ka-ching! AUD/USD just hit my profit target at the bottom of the range. Find out how this simple day trade helped me get back in the game!

Sometimes Lady Luck’s on your side and sometimes she isn’t. Unfortunately for me, I caught the short end of the stick yesterday and my profit target order wasn’t triggered. Drats!

It has been a long while since I have gotten in a trade, so I thought I’d go for a setup that’s shorter term. Here’s a setup on a pair that I haven’t touched in months!

Who says summer trading is boring? We’re only two and a half days into the week, but there are already THREE major themes that have popped up in the forex community!

Oh yeah! Another winning week for my HLHB Trend-Catcher system! Although it didn’t bag a triple-digit gain, I’m still pretty happy that it was able to filter a handful of fakeouts.

Will the yen pairs continue to rise? Check out my Weekly Watch for all the hot levels to keep an eye on for EUR/JPY, GBP/JPY, and EUR/GBP!

Phew! That was a nail-biter, that one! Although it seemed that the odds were against my trade, I managed to escape with only a scratch!

Good morning! Price action was a snoozer this week, but it did go my way just enough to get me into my long USD/CHF position and into profit. Unfortunately, today’s mixed US data changed that pretty quickly.

Thanks to some unexpectedly positive data, Guppy found solid support yesterday and advanced up the charts. Unfortunately, GBP/JPY didn’t dip enough to trigger me at 123.00 and I missed the move. So much for catching a retracement!

Although my swing trade on EUR/USD didn’t turn out as well as I hoped it would, that’s not keeping me from considering another swing trade. This time though, I’m looking at GBP/USD.

Quite a crazy week, eh? Before taking any comdoll trades, I’d like to take quick look at the movers and shakers for the past few days.

Compared to the past few weeks, last week wasn’t all that bad. I might even say that it was good!

Monday morning means it’s time to take a look at this week’s critical levels on EUR/JPY, GBP/JPY, and EUR/GBP! Check out my charts, fellas!

Boo hoo! So much for a day trade! Despite an upbeat RBA statement and upgraded Australian growth forecasts, AUD/USD gave in to risk aversion yesterday and gave my account a huge dent. How could I have played this better?

While all the technical signals lined up nicely, fundamentals had other plans for me, and my EUR/GBP position got stopped out.