Trade Ideas

It’s that time of the week, folks! Wanna know what market themes have been influencing currency price action so far this week? Take a look at my list!

The signal from two weeks ago turned out to be a huge winner, bagging me 122 pips. Unfortunately, the HLHB Trend-Catcher 3.0 was more or less breakeven last week. It had 2 winning trades, 2 losing trades, and a lot of invalid signals!

I still can’t get over Real Madrid’s defeat of FC Barcelona in this weekend’s El Clasico! Hopefully, we’ll score a big win as well with these must-watch levels on EUR/JPY, GBP/JPY, and EUR/GBP!

Even after a big surprise from an MPC member this week on quantitative easing, the 1.6000 held pretty steady as resistance–until the UK retail sales report! Check out how the last major report for the week left me with a sour start to the weekend!

Thanks to conflicting signals on different time frames, I decided to take a rain check on the “breakout” trade that I spotted. Good thing I did! Here’s what happened to my trade.

Will the pound continue trading higher? I think so! That’s why I’ve come up with this trade idea to go long on GBP/USD. If it works out as planned, I will have a 2:1 reward-to-risk ratio on this trade. Not bad, eh?

Awww, it looks like the bulls have returned! After I closed the first half of my position at 1.3000, price immediately reversed and returned to my entry point. A win is a win though, so I guess I should be happy.

Got any comdoll trade ideas for this week? Let my midweek market analysis guide you on what’s moving the commodity currencies these past few days.

Aaaaand I’ve broken my winning streak! Thanks to a turn in risk sentiment, my NZD/USD trade didn’t play out as well as I thought. Here’s what happened…

I know some of you are more than eager to hear my updates so I won’t make you wait any longer. I’ll tell you all the details of my EUR/USD trade, how my HLHB Trend Catcher fared last week, and what happened to the cause of my personal dilemma!

Will the yen crosses continue to break for new lows? And will EUR/GBP stay within its range? Find out which hot levels to keep an eye on for EUR/JPY, GBP/JPY, and EUR/GBP by checking out my Weekly Watch!

Good morning Forex friends! I’m back to looking at the USD/JPY as the pair has continued to make a steady move lower from its highs a few weeks ago around 84.00. I’d like to try jump in this multi-week move–if the price is right!

My last update was all about risk and the fact that as March as winding to a close, the environment which was mainly risk aversion was starting to turn. I warned of a transition. Today’s update is all about the aftermath.

Huddle up, traders! It’s time for a midweek analysis! Here are the economic themes that have been dominating the markets so far this week.

Even though my system was down last week, I still consider it a good one as my system was able to filter out a lot of bad trades. I guess it just goes to show that the Trend-Catcher’s RSI filter really is working!

If you take a look at last week’s action, I think you’ll notice a common theme — EURO WEAKNESS! Let’s see if this will continue this week! Take a look at our must-watch levels on EUR/JPY, GBP/JPY, and EUR/GBP!

After taking 7 trades in the last three months, I have managed to bag a total of 286 pips! Here are the details of all my trade ideas as well as some thoughts on what helped me keep my winning streak.

The performance of the HLHB Trend-Catcher 3.0, in a word, was AWESOME! It garnered a grand total of 1,004 pips. For a truly mechanical system, it’s amazing!

Good morning Forex friends! Time flies by when you’re having fun battling the markets, and it looks like we’re already a quarter of the way done with 2012! As the saying goes, “Pain + Reflection = Progress,” so it’s time to review how I did in the first quarter.

Overall, the first quarter of 2012 was very harsh to me. I had 10 total triggered trades for the period – four ended up as winners while the remaining six were all losers.