Trade Ideas

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

Eeep! Looks like I won’t get my turkey after all! Canada’s retail sales came out worse than expected, and the Loonie bulls caved in to the pressure to dump the currency. At least I was able to cut my losses quick…

And my trade is over! After hitting my first profit target, the bulls didn’t have enough mojo to push Cable higher. No matter! A win is a win and Huck is happy!

Despite the Bank of Japan (BOJ) intervention, there doesn’t seem to be enough bullish sentiment to reverse the downtrend on the daily chart.

Yipes! My remaining position got stopped out… at breakeven, of course! So I guess I’ll chalk this up as another winning trade. Back-to-back, baby!

An upward EMA crossover, my 30-pip filter hit… Why that looks like a valid long signal to me!

Bahhh. Looks like the euro was just too strong this week that even the Loonie couldn’t hold its own. Time to reevaluate once again!

The downtrend on the 30 and 60-minute swissy (I prefer the clarity of the 60-minute market trend) is still intact and as we all watch this pair sink below parity, I think many of us are thinking we’d like to short a bounce. But a bounce to where?

The downtrend on the 30 and 60-minute swissy (I prefer the clarity of the 60-minute market trend) is still intact and as we all watch this pair sink below parity, I think many of us are thinking we’d like to short a bounce. But a bounce to where?

Well, we didn’t have to wait long to get the answer to my question on the EURUSD range. The area held for less than a day as a positive surprise in US Retail Sales brought a broad based USD sell off.

Not again! While both Cyclopip and Happy Pip were able to catch some awesome moves last week, poor Huck here ends up with a loss. I seriously want to cry… I don’t want to lose anymore.

Oh my. Looks like my HLHB mechanical system caught a major whipsaw! Remember that signal last week? After EURUSD went my way for a couple of pips, the pair suddenly fell from the sky and stopped me out! Awww, shucks…

EURCAD broke down yet again from another bearish pennant, but with the semi-choppiness I saw today, I think it’s time to close shop and lock in my profits.

Whee! A winning trade for me! Thanks to strong economic figures from Canada, USDCAD dropped all the way down to my profit target in a jiffy!

The 15-minute AUD/USD has been trending higher despite a recent exhaustion just above 0.9180. This pullback is setting up a possible swing buy from either the top line of the 34EMA Wave but could extend lower to the uptrend line support of the Channel Up pattern.

Bah! My trade didn’t get triggered since USDCAD didn’t climb high enough to reach my short order at 1.0670. What bugs me is that I could’ve hit my first profit target already had I shorted at 1.0670 last week.

While I did get the direction right, my entry order was a bit too conservative. EUR/USD only made it down to the 38.2% Fibonacci retracement level before popping higher on account of better-than-expected non-farm payrolls.

An upward crossover, stochastics moving up, and the 30-pip filter hit… Why, that’s a valid HLHB signal there! Gimme those pips, come on now…

The AUD/USD rallied from 0.8911 to the current levels at 0.9107 through Wednesday. This steep ascent was caused by the Australian Dollar’s strength over a very weak U.S. Dollar as U.S. equities rallied strongly throughout the trading day.

Ha! So much for double bottoms! Neckline resistance held, and EURCHF has just made new lows!