Trade Ideas

For all of you Nostradamus types who thought my “Pick of Day” would be on that awesome surprise UK GDP inspired move on the British Pound…sorry but that’d be too easy. Plus Huck’s got a trade idea on Cable, so I’ll let her study that market with ya. For today I’ll study EUR/USD’s price action and setups we could catch in the future.

For today’s “Pick,” I’d like to study price action in AUD/USD as we saw a nice one way move after breaking the tight Asia session range and Friday’s high. This is a great chance to study the simple “Break and Retest” strategy for a nice return-on-risk.

I won… but not as big as I could’ve! I admit it… I closed early because I thought the pair was ranging. It’s not like I got scared or anything – the pair consolidated after my second position had triggered.

This is more of a cautionary set up than one that I would recommend taking. It involves the power of understanding the Directional Bias of the daily and how longer-term time frames (60 and 240-minute) entries should follow the Bias if there is a trend.

First, a huge “Thank you!” to all who helped me out with my HLHB Makeover last week. I’m sure y’all will be glad to hear that the results are in, and that the winner is… drum roll, please…

What a day for currencies as China’s read on various economic data points today brought out the beast every US Dollar seller fears–risk aversion. China’s inflation situation, coupled with weak UK CBI industrial trends data and positive US data lead to a couple of really nice plays in Cable and making it my “Pick of the Day.”

Eep! My second position got stopped out at break even! Did I push my pip-luck too far? Find out what I could’ve done to maximize the NZD/USD rally…

Before there was a word for it, I think I was looking at how I could “hack” trading… in other words: How would I get the best (most effective) results in the shortest amount of time?

Good afternoon! Today was full of nice reactions and great trade setups like Cable’s range in between its opening price and the top of its daily range and USD/CAD finding support at the bottom of its daily range, but my “Pick of the Day” goes to NZD/USD for mixing up divergence and candlestick patterns against my horizontal levels.

Good evening! Got some fresh data today to spark a bit of volatility in the markets. We saw plenty of great reactions to my usual inflection points in the majors, but the best setup of the day in my opinion goes to a reversal signal in EUR/USD. Check it!

Greetings! With a few other FX-Men already sharing their discretionary swing trading and mechanical system experiences,I thought I’d do my part to help those jumping in probably one of the most difficult trading methods one can attempt: discretionary day trading…check it!

Today’s episode is about “failure”. What’s that?! Yes, I am taking about the recent succession of trying trades that – despite the fact that I followed my rules – have simply nit worked out.

It’s times like these that I wish I had two eyes instead of one! While my single eye was focused on that bearish flag I had spotted on EUR/GBP, I was unaware of the ascending triangle that was forming on the pair

There’s nothing better than to start the year fresh! With that said, I’m looking to make some changes to my HLHB system. It’s time for a makeover session!

If there’s anything I’ve learned in my three-week break on a tropical island other than efficiently applying sun block on my back, it is that good things come to those who wait. Let’s see if the same principle will apply on EUR/USD!

When the market is volatile and/or the Directional Bias of the daily is sideways (in accumulation or distribution) I will rely on my Between the Greens (BTG) set up that uses Fibonacci-based exponential moving averges to gauge corrections in the (very) short-term trend.

If it all begins with sentiment, then the logical question to ask would be: What effects sentiment? Sentiment in a basic way can be described as bullish or bearish opinion. They are always both present in the market, however, it’s the balance of these two opposing opinions that we are watching.

Today’s ForexAM video is – as far as I’m concerned – the first one of the year since the volume/bank holidays really didn’t make for an interesting or fully participated Monday session. The dollar did break lower and stay below the 34EMA on the daily chart and this has brought about a transition in the daily directional bias to a more neutral or sideways direction.

Good morning Forex friends and welcome back! My trade was closed during the closing moments of 2010, so it’s time to do a review of how my adjustments played out…check it!

Good Evening Forex friends! It’s my turn to share my 2010 swing trading performance, and overall it was mixed. I started 2010 strong, winning 80% of my trades in the first half, but took quite a few jabs to the chin in the second half trying to fight the trend.