Trade Ideas

The resistance along the 0.8000 level will present a particular challenge to NZD/USD bulls however a break through a “00” can attract more buying momentum and that’s partially what will be needed. What else?

It starts with the lack of acceleration through the “00”. Breaks through major psychological level – of which the “00” is the most significant – can often lead to momentum as prices find footing at the “00”. When this doesn’t happen, I have to stop and wonder why…

It’s the middle of the week, fellas! No better time to look back on the past few days and discuss what’s to come in the next few, right? Let’s make some battle plans, fellas!

Ugh! With all these downgrades, talks of a debt contagion, and protests against austerity measures, how am I supposed to show the euro some love? That’s it! I’m rooting for the dollar.

Looks like I tried picking a top a little bit too early! As it turns out, that 117.00 handle would have been the perfect spot to short EUR/JPY!

Lovely Monday morning, friends! For my best comdoll pair this week, I spotted a setup that could’ve given me as much as 500 pips! It’s not an easy setup to spot though. Did anyone else see this one?

After a couple of missed trades, I finally caught a break on Friday as European debt issues returned to the spot light and pushed the euro down before trading closed for the weekend. With the pair now testing strong support, I’ve decided to close my trade out.

Boy did I miss out on the action on the charts this week. I had four trade ideas but I got in none of them since I didn’t get the confirmation signals that I wanted. Heck, even my HLHB system just sat on the sidelines. As if that’s not bad enough, my home girl Hayley Reinhart got eliminated from Idol! Sigh.

Since I’ve tackled all the other majors already (EUR/USD, GBP/USD, USD/CHF), I decided to make my last trade idea for the week on USD/JPY. I also want to make sure it’s high probability, so I’m going with the medium-term trend! Hope you like it.

Looks like my swing trade is gonna be a ‘no go’ this week as Cable failed to break resistance this week 1.6300. Check out how GBP/USD has moved so far this week!

The New Zealand Dollar continues to defy gravity. The currency known also as the kiwi is gaining on expectation that commodities will continue their overall uptrend. Benefiting from both economic and geographic ties to China, the New Zealand economy is benefiting from the “risk on” psychology of seeking higher-yielding assets

They say the third time is the charm. Will I finally get to pull the trigger on my third trade idea for the week? I’m looking at a possible Fib play on Cable!

Ack. Well that didn’t go well. My trade got bashed from both sides of the equation!

Yipee! Make that a hundred pips for me! Breakout trades aren’t that scary after all, huh? Read on to find out how I (finally!) snagged a 100-pip win with USD/CAD.

One thing I’ve learned in technical analysis is that the more times a support or resistance level is tested, the more likely it is to break and the stronger the resulting breakout will be. Since a falling trend line resistance has been holding nicely in EUR/USD, I’ve decided to put my idea to the test!

For the third week in a row, AUD/USD takes the crown for my best comdoll setup of the week! Should I have traded this one instead? See how we could’ve made an easy 500 pips on a rising trendline break.

So my “bribe” (term coined by a reader) did not work and I failed to get those 50 followers on my . Still, I decided to go through with my plan and write up a trade idea every night for or the next 4 days. After all, what’s losing a bit of sleep for my readers? Right…?

I’m pretty sure I’m thinking the exact same thing you’re thinking right now… “Where was I when this potential 13:1 trade went down??”

Good news! Remember the short signal my HLHB system generated last week? Well, it turned to be a winner! Woohoo! But wait, I still have more news! I’ve decided to post trade ideas EVERY SINGLE DAY next week if…

Good evening forex friends! Looks like I missed out on another good move as the market never got up to my short orders at 1.6400. Here’s a review of price action and other missed trade opportunities through out the day.