Trade Ideas

This is a question I received from a new trader who has been learning about how I trade. It’s an interesting question – especially during these times where the lack of a bullish or bearish Directional bias on many majors – is increasingly driving me personally to the shorter-term, intaday time frames.

So much for the euro rallying on the back of an ECB rate hike! All it got was a little boost… certainly not the big rally I was hoping for!

With a bear flag breakdown, the daily USD/JPY has taken the first step back to possibly testing the 80.00 decade level and setting up a continuation of the prior meandering downtrend in the pair.

The fact that two markets in distribution (the daily dollar and EUR/USD) are trading into their potential exhaustion areas makes today’s price action all the more important and brings up this question: How much potential for follow-through is there?

Happy morning, guys! After replaying what happened to the comdolls last week, it’s time for me to reveal my best comdoll setup this week! Oh, and I have a new BFF this week! It’s none other than

Hope y’all were able to capitalize on the bearish sentiment for the euro last week, ’cause it could’ve given you a quick and easy 2:1 winner! Read on to find out how!

Although I’m pretty happy with my 1.63% gain on my EUR/USD trade, I’m a bit sad that my HLHB system failed to generate a valid trade for yet another week. Boo! I guess, I just can’t win ’em all, huh?

Boo hoo! Just when I thought AUD/USD was gonna go for a breakout, the Australian employment data comes in much better than expected. Good thing my fingers were fast enough and I was able to exit immediately. Unfortunately…

Guess who had an AWESOME day? I did! Aside from a customer at the coffee shop telling me that I looked different in a very good way (his words, not mine!), I was able to win my EUR/USD short in a spectacular fashion!

Good morning! There has been pretty good movement in Cable since I opened my trade yesterday, but it looks like I could only pull a very small winner on today’s volatility. Check out my step-by-step moves.

Ha – so much for that trade idea! CAD/JPY continued to climb up the charts, making new highs and therefore invalidating my Fibonacci setup!

The reversal higher through the Falling Wedge on the daily EUR/CHF has many traders thinking of a more pronounced and potential trend reversal but even though there was a pattern reversal, do not assume a trend reversal says the Autochartist Forecast area.

Happy 4th of July, folks! For those of you who missed the early fireworks in the forex market last week, here’s how USD/CAD ended with a big bang. Check out this could’ve been 3-to-1 trade on the pair!

What a crazy week for the euro! Thanks to Greece passing new austerity measures, EUR/JPY soared up the charts by over 300 pips last week!

Sideways patterns with this kind of organized floor and ceiling have been rare…with the width of the range, this is a perfect time to talk about FADES….always AGGRO but sometimes exactly what the price action is telling us to do.

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?

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!

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!