Trade Ideas

Our trade closed yesterday as EUR/JPY found an intraday bottom at 159.00 where buyers jumped in to push the pair back to our adjusted stop price and beyond.

Doh! Looks like sellers made an attempt to push Cable lower during the Asian trading session, but buyers came with force as soon as European markets taking Cable above 1.9800.

Blah! Even with oil rallying above 110.00, it looks like we took a hit as USD/CAD continued to rise, in an uncorrelated move relative to the rest of the majors.

Here’s a quick little resistance play meant for the Asia/Europe trading session. It appears sellers held ground just under 103.00, so we may see it hold once again on another retest of that level.

The pair has been swinging above and below our entry position since we opened it, and with what appears to be strong buying support at .9100, I have decided to close it down.

Positive US ISM data brushed off recession fears, ramping up risk appetite in carry trades and the global markets. This pushed up our short position back above our entry point and

Our trade was triggered during the morning European trading session and it looks like traders bought in at that support area. Our first profit target was hit and we

Our trade triggered on Friday, and after going our away by about 30 pips or so, buyers jumped in today around 1.02 to push the pair higher even as Canadian GDP came out higher than expected.

EUR/USD has been in consolidation mode for the last few trading sessions. We just saw a drop in the Greenback against the Euro within the last few hours to break outside of the range. Is the market ready to test 1.59 once again?

It looks like EUR/CHF started off the week with a pop to the upside, closing our position out at our adjusted stop price.

Looks like we took one to the chin today as the US Dollar rally forgot to stall around 1.0050 against the Swiss Franc, and actually took us all the way up to our

Our trade went our way throughout the Asia/Euro trading session (hitting our first profit target along the way), but after testing .9900, the pair rallied and closed out our remaining position.

Our remaining position was closed early this morning after the pair rallied on US Dollar strength.

It seems we missed the boat on today’s USD/JPY continued sell off as the pair reached a high around 101.15 before sellers took control in the morning US session.

Our remaining position closed out at breakeven as the US Dollar rallied through out the morning European trading session and after US CPI read unchanged.

Our short position reached our first profit target at 2.0500 this morning, where we closed out half of our trade. 2.05 was a strong support area as GBP/CHF immediately

We saw a broad US Dollar sell off during the morning European trading session, but it was quickly turned around at the start of the US trading session with news of the Fed’s plan to

It looks like our trade was closed out as EUR/CAD touched above the resistance area around 1.5200.

Our short US Dollar outlook continued to play out through today’s trading and hitting new lows against the Japanese Yen, but it do so without

Looks like traders decided to buy back Canadian Dollars before we could hit parity as the pair trended lower during the Europe/US overlap. The Dollar is out of favor once again today as we