Trade Ideas

We finally got to my event of the week, the UK Interest rate decision. As expected, the Monetary Policy Committee (MPC) held rates at 0.5%, and just like the past few announcements, Cable rallied higher–unfortunately without triggering my orders…doh! Take a look!

Will the dollar get some lovin’ from traders ahead of Valentine’s Day? Hmm… I hope so! Because upon seeing that descending triangle on Cable, I think I’m going to dump the pound in exchange for it!

I’ve decided to follow Pipcrawler’s lead and make past price action reviews on my favorite currency crosses. He has his “Pick of the Day,” now get a load of Cyclopip’s “Weekly Winner!”

I did a one-hour webinar this part weekend and it was about the seven keys to my trading that I introduced here yesterday. The series will continue but I thought I’d share the notes that I used in the presentation.

I train in MMA (mixed martial arts) twice a week with one of my best friends. It’s a physical chess match as compared to the electronic chess match that is trading. I was speaking to my jiu jitsu sensei (teacher) after class today and the subject of what I did for a living came up. I explained that I was a currency trader and expected him to give me a blank stare.

With my swing idea orders from yesterday’s post cooking, I thought I’d switch back to “Pick of the Day” mode with a price action review on AUD/USD. No news day ahead of big events generally means ranges may rule. Check it out!

The USD/CAD is a perfect example of why the Directional Bias must be respected. The Directional Bias – if you haven’t already heard or read about it – is the market trend or psychology of the daily chart.

What a trade! I had to stomach a couple of gut-wrenching dips with this one, but at least I’m walking away from it with a few pips in my pocket!

Hi guys! Just as I promised, I found a bit of time earlier this week to get some backtesting done on HLHB system version 2. So far, it isn’t looking too good. I may need your help again!

The U.S. Dollar’s bounce from the 77.00 level today as ECB Press Conference drove the EUR/USD sharply lower and the better-than-expected Unemployment Claims number and ISM Non-Manufacturing PMI helped boost the dollar, has been stronger than most expected, especially when considering tomorrow’s Non-Farm Payroll releases.

For today’s price action study, I’ll review a setup I like to call the “Trifecta.” Basically, it’s a candle pattern and divergence forming at an inflection point, and when you see this bad boy, it’s a good signal of a potential reversal. Check it out!

Boo hoo! Yesterday’s comdoll rally stopped out my NZD/USD short trade! Thank goodness a trailing stop trimmed my losses like my new fitness regimen trimmed my waist line!

This move has been one that has been setting up for some time: The U.S. Dollar Index’s slide through 78.00. The break through this psychological level confirmed the negativity of the dollar’s place in the world amidst a surging euro and worldwide equities risk appetite.

Good evening! For today’s market study, we’ll take a look on why the Aussie had a one way ticket past parity and to the moon against the Greenback and a smart way to play rallies like this. Check it out!

What a way to end this trade! On Thursday, Standard and Poor’s downgraded Japanese debt, sending yen pairs flying up the charts and stopping out my trade!

Good evening! We got a few second tier events on the Forex calendar today with no major surprises, so it was an environment perfect for some support & resistance plays. EUR/USD was the perfect example today as divergences signaled some easy setups.

With the market not giving much in solid volatility today, I share how I use the ATR in my day trading framework.

It turns out I got in on Cable just in time before it plunged. Aaaand that’s 2 out of 2 for Huck! With my 110-pip win, I don’t even care about Kim and Snooki anymore! I could’ve gotten more though, if I had added more positions. Drats!

Why, Canada, why?! I had to close my trade early, just as I promised in my trade plan, when Canada released a disappointing CPI figure. Check out how many pips I managed to save…

Most of today’s forex talk focused around the GBP/USD since that was where the headlines and traders were focused. The cable while weak has set up a swing buy opportunity on the daily and I walk through the set up on today’s show.