Trade Ideas

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.

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.