Trade Ideas

Doh! US Dollar selling was strong across the board this week, pushing Cable higher and higher! My short entry orders at 1.6615 and unfortunately, there wasn’t enough USD buyers at these previous resistance areas to

I’m watching two charts of the cable for a set up. The 60 minute chart is in an uptrend and so I’m patiently waiting for a pullback to the 1.6609 area for a swing buy in front of the 1.6600 psychological level.

I’m not a big fan of Asian session trading BUT if you like lower volatility and that’s the only time you have for trading then … sure, have a go! The trick is to make sure you have adjusted your pip movement expectations so that they are in line with what Asian offer.

Good morning and what a morning it is with the US releasing this month’s jobs data. We certainly saw massive volatility after the US reported a loss of 216K jobs in August. Even more importantly to traders, unemployment rose to 9.7%. Yikes!

As traders gear up for tonight’s Asian session I will scan the charts again to see how the pairs came out of the afternoon doldrums.

My trade was triggered not too long after I posted my trade idea, but since then, USDCAD has pretty much gone no where this week! With the end of the European trading session closing down and the NFP reports coming tomorrow, I have decided to

…it’s been a long Summer that I am happy to see starting gearing up for Fall. While I don’t think everyone is quite back, September 1st inched us all that much closer to the coming market volume and my 38th birthday.

Good afternoon! It looks like I didn’t enough of a rally in EURUSD to trigger my short orders at 1.4400 before the pair dropped at the beginning of the European trading session.

Good afternoon! It looks like EURUSD sellers have 1.4380 on lockdown as the pair could not stay above that area for very long during the Asia and European trading sessions, and then fell below 1.4300 during the US trading session.

It’s Friday, the weekend’s here, so it’s time to unwind…some positions! With the European session closing down I have decided to close my remaining short position in USDCAD to avoid any weekend risk.

What is up! Looks like I couldn’t catch a break during today’s trading session as my short orders at 136.00 never triggered. It was a volatile day for EURJPY as the pair fell to

Good afternoon! As I had hoped for, USDCAD rallied higher during today’s Asia trading session, and it was enough to trigger my short entry orders at 1.0930. The Loonie proceeded to

Good afternoon! There was a bit of pull back from pound weakness during the Asia trading session today and GBPJPY rallied back above my adjusted stop. Where did GBP strength come from?

Good morning! It looks like I missed out on some strong risk aversion moves as USDJPY made a high around 95.30 (20 pips under my entry level) before dropping lower.

Good afternoon! It looks like a touch of lower consumer confidence has been added to the bad taste US retail sales data left yesterday, and traders sold off riskier assets by the loads.

With the end of the European trading session wrapping up and the FOMC interest rate decision and statement approaching, I have decided to close my trade to avoid event risk.

Volatility took AUDUSD up just enough to hit my short entry orders at 0.8300. The pair fell from that level during the European trading session to a low of about .8260 before

Good morning! It looks like I was able to catch a bit of profit during the Asia and European trading session on EURJPY.

We saw a bit of volatility, and potential shift in sentiment today as we saw risk aversion in USDJPY beginning in the European trading session. A bit of help to Yen bulls when consumer confidence data in the US printed a

I’ve received quite a few emails today about what my plans are for this evening Asian session and what my thoughts are on the AUD/USD and NZD/USD.