Trade Ideas

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!

Here’s a half hour talk about how I use futures to increase my understanding of forex movement. Question? Comments. Leave ’em here at the blog!

Good morning! Last night, a report from Japan shows demand grew for overseas assets among Japanese investors, adding to the growing sentiment that the recession is abating. This sparked a

Good afternoon! It looks like I missed out on move lower as USDCAD made its way down lower without a pullback to my entry orders. With the pair currently consolidating around

One of the things I have always relied on in my forex trading is my background in futures trading. I started trading futures loooong before I even know about forex pairs.

Good morning! My short trade idea in USD/JPY was triggered at 96.50, where it had quickly found resistance and sellers to push the pair down as low as 95.50. With the FOMC meeting minutes coming up this afternoon, I have decided to

Good morning! My trade was triggered shortly after I posted my trade idea as my short entry orders at 131.00 was hit in the afternoon US trading session. Slightly better than expected Japanese GDP numbers gave the Yen a

Good morning! I was able to catch some pips yesterday for a small gain as Cable rallied higher to hit my entry orders at 1.5180. Luckily, the pair dropped far enough to hit my first profit target, where I