Trade Ideas

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?

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!