Trade Ideas

Ouch! My account took another hit as CAD/JPY kept sliding down last week. Apparently, I got faked out by those deceiving double bottoms!

Looks like the range on AUD/JPY did hold! Unfortunately, price never dipped to my entry point and I didn’t get triggered!

I’ve always tried to communicate the entry strategy behind the trades and set ups I post here. So in the interest of that – and because I have not done this in a while – let’s break down how I consider entries, Step by Step.

It looks like the HLHB system has no signals for me this week. Hah! But that doesn’t mean I have nothing to talk about…

You win some, you lose some! As you all probably know by now, the FOMC minutes did NOT help my trade and was even detrimental…

Wow, what a nice sweet rise from the Aussie! It’s a pity I’m not in this trade because I cancelled my orders just before the release of the NFP report. Argh!

This is actually a short-term intraday swing entry that is setting up what I call a “one-thing-leads-to-another”. If the pressure can continue towards the area between 1.0110 and 1.0995 this fifteen pip area will be a cushion from which buyers could rally the market since there is still a sideways range on the daily.

Boo! No, that wasn’t an early Halloween greeting. It’s just that I’m a bit bummed out that I didn’t get a signal from my HLHB system this week. That’s the second week in a row with no crossover!

It looks like I got the price action I was hoping for as Cable pulled back just enough to trigger half of my orders to go long. With the help of today’s announcement from the Bank of England on interest rates and their bond buying program, we got to see another retest of 1.6000.

Bah! I was already up by almost 50 pips when USDCAD decided to break below the support of the range on the 4-hour chart.

Bahhh! Looks like I got caught up in false breakout! I got stopped out but that rising trend line still seems to be holding.

As I’ve pointed out to one of my readers, while I did get the direction right, my limit order was missed by 9 pips. I’m not really feeling bummed about it because I know that there will be other trading setups for me to take.

A trend (correction: a strong trend) may be one of the most difficult market environments to trade. I think that between strong mark up or mark down stages and possibly distribution (volatile, sideways ranges) many traders will be tempted to chase and/or enter too aggressively in expectation of follow-through.

Good evening fellow Forex fanatics! We’ve got a simple technical setup going on in USDCHF as the pair stalls during its current downtrend. Check it out!

Wow, EURUSD just keeps poppin’ higher! After getting stopped out last week at 1.3290, the pair is now threatening to test the 1.3700 handle! Unfortunately, with no major pull back, this leaves me signal-less!

The Euro continues to surge against the U.S. Dollar, recently breaking through the previous ceiling at 1.3334 which was the August 6 high.

OH MY GOSH! From 84 pips to 1! I was more than halfway to reaching my profit target when the pair retreated from an intraday high of 85.39 down to its pre-intervention levels.

Bahhh! As it turns out, we did get a break of the symmetrical triangle. The only problem is it broke the other way!

After riding the strong wave up on EURUSD, my trailing stop has finally been hit. Awesome, awesome trade, as I was able to bank more than 600 pips!

Cable weakness was strong enough today break a significant support and resistance level. Is this break for real or just another fakeout?