Trade Ideas

Good morning to all you Asia session traders and welcome back to another fabulous week of FX trading! It looks like my trade triggered and moved my way, but it looks like I couldn’t get a big enough move on this trade. Check it!

Yipee! I caught a winning signal on my mechanical system this week! In fact, there were a couple of crossovers but thanks to that 30-pip filter, I was shielded from suffering a fake-out.

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.

Unfortunately, price was unable to retrace back to my desired entry point. In retrospect, I should have gone long on the break of the bullish flag for a quick day trade.

Whee! A breakout on the EURUSD! But, unfortunately, the pair broke out to the topside, opposite of what I was expecting. 😐

Good morning friends! And what a wonderful morning it is to open up the charts and see that my second profit target was hit! Euro weakness persisted throughout the morning European trading session and the EURUSD hit 1.3550 to close me out.

What a break! The Australian employment report came out better than expected, causing the Aussie bulls to come out in force!

Wow! Lots of signals this week – I got 4 this time around! Good thing, my 30-pip filter saved me from a lot of losses. Unfortunately, one managed to get through and burn me!

Forex traders do need to keep an eye on what’s going on in the equities. And while most traders look at the S&P 500 for an idea of what stocks are doing, I take a slightly different tact.

No thanks to risk appetite, resistance at former highs held, putting a cap on any serious dollar gains. Needless to say, price eventually dropped and stopped out my second position out at break-even.

The EUR/USD has been rallying across the intraday time frames of the 15, 30, and 60 minute charts. The bounce from 1.3600 has been significant enough to even level the 240 minute chat to the beginning stages of accumulation after a sustained downtrend from 1.4600.

Bahhh! Things didn’t work out too well for me as risk appetite was back in style yesterday. Time to close my trade ahead of the inflation report!

Whee! My second profit target at 0.8600 got hit last Friday after the US released their employment report.

Looks like I got two signals but no date – I mean trade! Check it out in my weekly update!

Phew looks like I got lucky on my GBPUSD trade! Time to close before I head off to sleep!

Argh! The EURJPY pair climbed only until 126.98, missing my entry order at 127.00 by 2 measly pips.

Good evening! My trade was triggered during yesterday’s European trading session and it looked like sellers jumped in by the bunches after the market hit 1.4000. It was pretty much downhill from there for the euro, and with some nice profits and major news coming up, I have decided to

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.

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.

Boo! Another week with no signal on my HLHB mechanical system. Still, I have much to be cheerful about since I locked in a lot of pips from last week’s trade signal.