Trade Ideas

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.

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.”