Trade Ideas

It looks like the major trendline on our chart has broken as USD momentum continues today on the back of declining commodity prices and a positive ADP report out of the US.

A little bit of volatility at the open of trading this week momentarily popped up USD/JPY above 108.00 and took us out at our stop.

Grrrrrrr!! After nearly hitting our first profit target, EUR/CHF rallied this morning as global risk appetite grew on , oil weakness, and short covering.

Well, we’ve waited for a while, but no luck on our conservative entry point as the pair has already hit parity and bounced back higher. Market sentiment has probably changed for the short term as

With the end of the trading week quickly approaching, I have decided to close out my trade to avoid any potential event risk and take profits.

Looks like our adjusted stop was triggered as volatility in EUR/USD seemed to increase throughout the US session, moving the pair back and forth between 1.58 and 1.59 today.

Big day in global markets and we see risk aversion and anti-dollar sentiment priced in ahead of Fed Chairman Bernanke and Treasury Secretary Paulson’s testimony to the US Congress later today.

Aww shucks!! AUD/USD broke to new highs once again on a broad US Dollar sell off as traders speculate Fed Chairman Bernanke will testify that credit-market losses are hurting economic growth.

Closing open orders as USD/JPY only made a high of around 106.80 today before dropping all the way back down to current levels – just above 106.00. We missed the move on this pair and

Good morning! For a while now, we’ve been watching USD/JPY price action consolidate, but with the renewed last week, we may have finally seen a breakout

It looks like we weren’t able to get much of a retracement off of downward momentum as USD/CAD found sellers around 1.0135 and fell lower from there.

After our trade idea was posted, EUR/GBP managed to pull back a bit, but not enough to trigger our long orders as the pair found support around .7935. With the market trading just below .8000, I look to

EUR/USD retraced a bit higher as hoped, but missed our short entry orders as sellers stopped the rally around 1.5740 and pushed the pair lower.

With the US Employment data and the holiday weekend approaching in the US, I have decided to close my open orders in AUD/USD….

EUR/USD rose and then fell below 1.58 throughout the morning European trading session, but with private US employment data coming out worse than expected, reporting a loss of

EUR/CHF made another attempt at 1.61 before falling and triggering our long orders at 1.6050. It looks like the play today is risk aversion as

Not much for today’s trade idea other than to continue to play the rising EUR/USD trend as traders continue to take bets off that the Fed will hike rates soon.

It looks like our entry orders missed the market by a few pips as the pair made a high of about 1.6238 before falling during the morning European trading session.

It looks like my trade idea was good, but I made a mistake in execution with incorrect stop placement as USD/JPY barely touched 108.20 and

Our trade was closed today as the US Dollar sold off as traders feel we may see the Fed hike rates later than first thought.