Trade Ideas

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.

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…