Trade Ideas

Finally, I found some time to draft up a trading system of my own! Curious? Check it out! I’d love to hear your thoughts!

Welps…it looks like USDCAD was ready to breakout, but to the downside! Positive ISM data from the US brought back the risk bulls out, taking traders away from greenback and moving back to the Loonie.

Short term time frames are an integral part of active intraday traders view as well as a great way to new traders to enter the market will less risk than — for example — a 60 or 240 minute chart. The longer the time frame, the larger to risk/reward ratio. Well, ofcourse, everyone loves more potential profit but not everyone can AFFORD the higher risk that usually comes with it!

Where’s the U.S. Dollar heading next? It depends on your time frame ofcourse. I break my trading charts into 15, 30, 60, 240 minute and daily charts. This means I could be looking at up to five different market cycles across the U.S. Dollar Index at any one time.

Hello traders, you probably don’t know me but I’m the new aspiring trader on the block around here… My name is Hucklekiwi Pip but you can call me Huck.

EURJPY couldn’t find a bid today as sellers came in and pushed the pair lower throughout the three major trading sessions on concerns the economy wouldn’t be able to sustain itself once stimulus is withdrawn.

Good morning Forex fanatics! It looks like I was a bit too conservative in my entry order as traders didn’t want to wait until the market hit the 50% Fib before dropping some sell orders on USDJPY.

Good morning! Looks like my trade worked out good, but not great as Australian inflation data briefly spiked AUDUSD higher and closed out my remaining position, preventing me from hitting both profit targets.

Playing trends is popular but tricky because in order to SWING buy into a trend you must identify:

1) the trend itself and how strong it is and… 2) where the correction(s) are.

Good morning! It looks like I couldn’t catch a break on my remaining position as USDJPY didn’t quite reach 88.00 before buyers jumped in and took the pair back above 90.00.

Good evening! Things were looking good for my trade as the pair met resistance and consolidated around .8900. Unfortunately, Australian jobs surprised to the upside with an increase of

Good afternoon! My long position was triggered at 130.00 and after consolidating for a short period of time, buyers pounced on EURJPY and quickly pushed the pair back up to 131.00.

Correlations are my thing…and when it comes to playing the EUR/USD the Dow and the U.S. Dollar play a big part. Today’s Dow sell-off has taken prices to some key levels, namely the 34ema Wave support on the daily. The Dollar has not been able to take out the 73.33 resistance and this should create a floor on the Dow.

The AUD/USD daily chart is squeezing within the narrows of the rising wedge. The “narrows” are basically the point within a triangle or pennant or wedge where the lines begin to decrease in range and put the squeeze on price action.

Good afternoon everyone! No luck on the second half of my trade as the pair did trend higher at the start of this week, but USDCAD was a few pips shy of hitting 1.1000. I didn’t get to

The USD/CAD rallied to 1.0900 as prices broke out of a symmetrical triangle pattern. The reason this move now has my attention is from a trade management perspective.

My short term trade produced a few pips as 1.6400 held back GBPUSD bulls throughout the Asia session. My first profit target was hit at 1.6350 ahead of the

Good morning! The EURUSD continues to defy gravity as US Dollar weakness has been, and continues to be, the driver for financial markets in the past week or so.

Good afternoon! Looks like I caught a bit of luck as we saw a strong USD rally at the open of the European trading session. The pair hit my first profit target at 1.0755, where half of my position was closed.

It looks like EURJPY sellers were no where to be found in this bullish market as the falling trendline failed to hold this time and EURJPY found its way to my stop out level.