Trade Ideas

On April 26 I wrote about the patience I was exercising in waiting for exhaustion to possible drive the daily EUR/USD to my sweet spot for a swing buy entry. But what do you do when the market simply won’t come back to you? It can be maddening and that’s where common trading mistakes begin to manifest.

If you’re the type who reads my posts but never comments, then this update is for you! Yes, you little rascal you!

Oh no, not another loss! I guess I’m not as lucky in day trades as I had imagined. Well, not while I’m thinking of a long weekend vacation, anyway. Find out what happened!

Looks like lady luck was on my side today as my long Cable day trade managed to pull out positive pips. Check out today’s price action and my trade review after the jump!

Whaaaat uuuup, homies?! It’s been a while since I last posted a trade idea on here, so let’s get back on track with this sick setup on GBP/JPY!

During the European trading session, the euro rallied against the majors on a strong Spanish bond auction, pushing EUR/JPY up to my short orders at 119.50 and higher. How did it turn out from there?

With solid green GRaB candles on the daily and a “twelve to two o’clock” 34EMA Wave, there is bullish sentiment, bullish momentum, and – you guessed it! – a bullish trend on the EUR/USD.

Make that back to back for EUR/GBP! Once again, the European cross pair provided a sweet setup on my framework. Maybe I really should be paying more attention to this pair!

For the first time in weeks, NZD/USD snagged my Best Comdoll Setup of the Week award! Find out how we could’ve bagged 150 pips by betting on the Kiwi last week:

The “momentum” set up is one that capitalizes on a more neutral market opinion and therefore it’s the MOMENTUM that we’re waiting on. It reveals itself by moving higher through resistance or lower through support – but the key is to wait for these moves from a non-trending market phase.

Good evening! Looks like Cable bears were out of the game today as the risk aversion sentiment turned as quickly as it pushed risk takers out of the market on Monday. Not good for the Greenback and my trade!

The loonie has been losing ground against the U.S. Dollar as the 0.9522 low seems to have stirred awake USD/CAD bulls. Crude oil has stagnated below 110/bbl and this could be fueling some of the loonie pessimism but the case for bullish greenback cannot be made here and that’s why I see a push lower…resuming the overall downtrend.

What goes up, must come down. I think Alicia Keys wasn’t just singin’ about cheating ex-boyfriends in her song Karma. Looking at yesterday’s sharp euro sell-off, it seems to me that traders are tryin’ and desirin’ to go back to the dollar!

Well, well, well… It looks like we’ve got we’ve got a newcomer to the Weekly Winner club! Check out the solid 6:1 setup that this particular cross pair presented last week!

As promised, here’s my best setup for the week. It’s another retracement play with the Aussie! Go ahead and check out this 150-pip winner.

After two weeks of testing, the result of the HLHB Version 3.0 backtest is finally in. If you read the title carefully, you’d know that it’s no good!

Looks like I caught a break with this one as EUR/USD did rally enough during the Asia/European trading session to trigger my short order at 1.4500. That area held as I hoped and the pair dropped like a rock through the morning European trading session.

WHAT A RIDE! I knew I was on to something when I first spotted that double-bottom setup on EUR/JPY! This trade really has become the trade of the year! Come see how it ended!

Hey guys! Wanna see my trade ideas for this week? I’m thinking of taking one of them, but I’m not sure what yet. Help me decide, please?

Don’t you just love it when you come home from work and see that you’ve already hit your profit target? It’s a glorious feeling!