Trade Ideas

Let’s take another look at USD/CAD as it has fallen back to parity and possibly a reversal point from the down trend.

It’s pretty that price action is telling us that the broken resistance did not turn to support. So, our trade idea did not work out and it’s time to close it down and move on.

Our short USD/CAD idea looks like it panned out well…almost. The pair did find resistance and fell lower, but unfortunately it found sellers below our entry price around 1.0240 before falling lower.

Well, it looks like another case of “right on the analysis, but wrong on the entry” as our short position missed being trigger by about 10 pips.

Cable fell during the morning European trading session , most notably the UK CBI trade data and mortgage data.

Our trade was triggered, and after a rollercoaster ride through unrealized loss, then profit, and now back to loss, it appears there aren’t enough buyers at the trendline to support our long play.

Our patience has paid off today during the morning European trading session as the Euro continued to sell off against the British Pound.

Our short position was entered quickly after our post and it looks like we caught a break as there was a broad based US Dollar rally throughout the Euro/US overlap.

Our hopes for a “buy the rumor, sell the news” didn’t pan out for the AUD/USD as the pair boosted higher, rather than selling off on profit taking just after the release of Australian CPI yesterday.

It seems the market has reached a bit of indecision, to no surprise as we approach the Bank of Canada’s interest rate decision tomorrow. Expectations are for a

Well, we’ve waited a bit on this trade idea, but it looks like the pair won’t hit our short entry at 1.6210 any time soon. It’s a new week, so I’ve decided to

Euro bulls have been beating on the 1.59 door and it looks like they have broken through on the back of this morning.

We caught a few pips on half a position last night as EUR/CAD rallied during the morning European trading session, even after

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