Trade Ideas

What does today’s dollar continuation mean?

Prices have found not only a continuation of the U.S. Dollar strength today but continues to do so despite equities buying. The breakout through the triangle pattern on the 30 minute chart show’s that the 81.00 was not a level that seller’s were willing to step in at. The key to any breakout is whether or not buyers will support prices when prices pull back.

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USDJPY – Close Trade

Good morning! I’ve been holding on this short USDJPY for while, but I’ve failed to get the break and follow through that I have been hoping for. With the NFP data coming out this week, and the continued uncertainty of the current market/political environment, I have decided to close this trade down for now.

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EUR/USD Aggro Swing Set Up Explanation

I’m still in “teacher” mode right now after having visited Korea – teaching traders there – for the past two weeks. I’ll definitely get back to current market set ups this week, I’m still playing a bit of catch-up from my time away from my home office.

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I am aggressive when there is a trading opportunity, and I back away from the market just as quickly when the opportunity passes.Amrit Sall