Trade Ideas

My trade closed on Friday as EUR/JPY rallied at the end of the day back to my adjusted stop at break even.

Since my post, NZD/USD made a high around .6350, then dropped and remains in a range between .6050 – .6200. It does not look like we’ll get much action from this pair right now as

USD/JPY continued to fall today on risk aversion, and after hitting 101.00 I adjusted my stop to 101.50. Unfortunately, it bounced higher and

Shortly after my post, EUR/CHF took a quick dip back below 1.54 and triggered my shorts, but it looks like the efforts by governments to pump up liquidity in the credit markets has

Good morning! With the Euro/US overlap coming to a close and my second profit target being hit, I’ve decided to pack it up for the week and bank my profits. With the G7 meeting going on this

My trade was triggered long yesterday at 1.1100 as the pair broke above upward resistance, and everything was looking great until this pesky little “coordinated global rate cut” happened. I was

My stopped out at a loss in a frustrating manner as EUR/GBP made a high right at my stop before turning lower and falling below .7900. Doh!!!

My trade closed as USD/JPY rose to my adjusted stop during the morning US trading session.

What a day! Traders around the globe sold off carry trades as affects of the credit crisis continues to spread across the globe. EUR/JPY made a low around 135.00 before rallying higher on profit taking.

Non-Farm Payrolls came out weaker than expected (-159K), immediately pushing down USD/JPY past 105.00. Unfortunately for my position, the pair quickly found buyers around 104.50 and

Yesterday was a wacky day in the markets with normal correlations thrown out the window as equities and commodities rallied, but the US Dollar rallied as well against most of the other majors, too.

The , leading to risk aversion and a sell off in USD/JPY. It’s highly improbable that we will see my short orders at 107.50 as the outlook for the

I held my open orders to short EUR/CHF for almost a week now, but with the pair falling on Euro weakness, it looks like I won’t be able to get a more favorable price to

The US just released economic data this morning with much weaker than expected results in jobless claims and durable goods orders. This poses to be US Dollar negative and now with reports that

A nice end to the week as my long entry orders were triggered and full profit was attained as risk appetites grew after US Government put together plans to halt the credit-market freeze.

The US Dollar rallied against the Canadian Dollar yesterday, taking the pair all the way up to 1.0800, where it briefly broke above. Unfortunately, it the pair couldn’t quite reach my short entry orders at

My remaining position closed yesterday at break even, shortly after the adjustment as we witnessed wild swings during yesterday’s trading session.

Looks like my trade caught a bit of bad luck as the Federal Reserve unexpected bails out AIG shortly after I posted my trade idea. Risk tolerance grew and carry trades rallied, pushing up

My trade was closed at the end of the US trading session as USD/JPY rallied throughout the day. The pair hit its low of the day just above 106.00 before buyers bought back in on speculation on a possible

EUR/CHF continued to declined through yesterday’s Asia and European trading sessions, hitting a low around 1.5840 and closing my remaining position at the adjusted second profit target of 1.5850.