Trade Ideas

D’oh! I guess I was a little too confident that the pair would keep rising and I should have closed earlier when I had a chance!

Oh, so I did jinx myself! To be honest though, I don’t feel so bad even if I got stopped out at breakeven because I believe it was the right thing to do.

With the return of risk appetite, the euro continued its nice run this past week, now up 500 pips from the lows earlier this month. Unfortunately for me, I haven’t been able to get in on this reversal! The EURUSD has been rising and rising and rising…

Talk about being aggressive! Despite my earlier-than-usual sell order, I was still unable to get triggered. Risk appetite was turned out to be too strong, which traders sufficient reason to sell the USDCAD without letting it retrace.

The 15-minute GBP/USD has consolidated into a narrow trading range between resistance at 1.4787 and 1.4772 and support between 1.4729 and 1.4722.

Aww man! So much for waiting for a breakdown on that bearish flag… It broke to the upside instead!

Good afternoon! My remaining position in Cable closed at 1.4620 for a profit during yesterday’s return to positive sentiment towards global growth.

Wow! What a wild week eh!? Just when I thought that risk aversion was going to make most traders buy up the dollar, what do I see as the week comes to a close? The dollar has lost against most majors! What is going on?!

Do’h! Instead of dropping like a rock, the pair actually broke up top and rallied towards 76.50!

Oh great, I made a mistake on my trade and it proved costly! After being up 80 pips on my second position, I ended up getting stopped out!

Unfortunately, Cable found some serious sellers on the 38.2% Fibonacci retracement level and dropped like a rock last Friday.

Thanks to my 30-pip filter, I was saved from, not just one, but TWO losing trades. Phew! Last Friday, an upward crossover took place but I wasn’t able to get a trade signal for two reasons…

Yikes! My trade only went my way 30 pips, but was a good thing I moved my stop to my entry point! I would have stopped out if I didn’t play it tight!

Doh! The CADJPY did break out… But to the bottom! Looks like risk aversion remains king of the FX markets!

Gosh, I wasn’t able to profit from that sharp dive in the EURUSD since I didn’t get the go signal from my !

Ouch! This trade marked my second loss in a row. What did I do wrong? Did I set my stop too tight? Did I go in too early?

Doh! Looks like the 0.8400 handle was just out of reach as price bounced off a former low. Nevertheless a win’s a win!

Throughout Thursday’s U.S. trading session, momentum in the USD/JPY was key to confirming the rally in equities…

For traders who have been watching the trio of intraday lows along 1.2141 (S1), 1.2143 (S2), and 1.2175 (S3) on the EUR/USD, the wait may be over:..

Eww! It looks like the range broke and the pair just fell to the 0.8100 handle. Needless to say, I missed the move downwards.