Trade Ideas

I’ve been watching this range today on the USD/JPY. With the Dow taking a breather today the dollar-yen has been range-bound.

Good afternoon friends! While we didn’t see much of a push higher in EURJPY this week, it has gained a bit as traders have focused on the the idea that fundamentals are getting “less bad.” Are we at the end of the recession? Is it time for a recovery?

My day starts with a look at the U.S. Dollar Index for two reasons. First it’s a futures contract that I like to trade but second and just as important is the insight it offers into my forex trading.

Well, the bullish momentum for more risk taking has continued as US earnings have surprised to the upside. Resistance at 1.4000 and 1.4100 have failed to hold and the pair made its way up to

Grrr! All the bearish technical signals in the world couldn’t stop the surprise positive US earnings that brought traders into a risk taking frenzy over the past couple of trading sessions.

…I wanted to offer up my two cents here to the discussion already started. A few things about any set up…to me describing a set up has to start with the market cycle on a particular time frame. It’s not enough to trade — for example — the USD/JPY.

I have found that focusing on shorter term intraday timeframes is best in the current rangebound environment. The range is allowing for set ups and follow-through on 15, 30, and 60 minute charts…

Yo Yo! Man, it looks like my trade never materialized as USDCHF barely missed the 1.0950 level before dropping down to 1.0800 and beyond. Doh! It’s the end of the week and

Risk aversion is back in a big way! Commodities and equities sold off during the morning US trading session, and where did all that cash go? Into the Japanese Yen!

I’ve been trading much less these past four weeks — heck, a girl does like to take a vacation! — and now that I am back, my focus is more on the short term: 15, 30, and 60 minute charts.

Good evening! It looks like I couldn’t get into any positions this week as USDJPY did rise towards 97.00, but not enough as the pair did not trigger. With a possibly wild economic day coming up, I have decided to avoid event risk and close my trades orders out.

Good afternoon! My trade finally triggered during today’s European trading session at 1.1450. That area has held as support throughout the day, and buyers have pushed the pair higher ahead of the FOMC meeting.

Good morning! My long orders at 132.00 were triggered, and it appears that was the major support area for the day as traders jumped in long around 131.50 – 132.00. The pair has been

Good morning! It looks like I am short some EURUSD as the pair moved up yesterday to my entry point at 1.4000. It looks like sellers were waiting to jump in at

Good afternoon once again! It’s another rangebound day in the currency markets, but there was just enough volatility to bring USDCAD back up to my original entry point at 1.1350. That’s where I adjusted my stop on

Good afternoon! It looks like I missed out on a nice move in AUDUSD as the retracement to previous support never materialized. Traders held the downward move to a low of around .8000 before

And yet another cruel day in the Forex markets…haha! Since I posted my trade idea, USDJPY did fall enough to trigger my long trade at 97.75. Unfortunately, today the pair went

US Jobs data just came out and the US economy only lost 345K jobs (much less than forecast) and the unemployment rate came it at 9.4%. The markets took this as a sign that the recession is abating. There was a mixed reaction in

Good evening! It looks like USDJPY did not go my way as the pair broke out to the upside. I have decided to close my entry orders, especially as we head into US jobs data.

Good afternoon! The US Dollar rallied huge today as sentiment on economic recovery may be weaker than previously hoped for bringing in a new, and strong round of risk aversion!