Trade Ideas

As I commented below, Cable sold off as soon as the European trading session opened. The rally to the top of the consolidation range didn’t materialize; instead the pair

Our orders were not triggered yet and with data coming out in a few minutes I would like to get out of the way of event risk by closing our open orders.

We saw a break out to the upside on USD/CAD after Friday’s US Jobs data and our long position was entered at 1.0030. Unfortunately, the pair retraced

Our trade closed as EUR/CHF dropped, after a quick pull back, to our adjusted profit target at 1.6350. Markets saw a return to risk aversion after

We closed out the day with a small profit on our initial trade. No other trade ideas at the moment as we are approaching the end of the week.

It looks like we ended the month on a positive note as the Greenback continued to sell off, pushing USD/CHF to our second profit target and close out our trade.

Our reverse trade was stopped out as the Aussie found plenty of support and buyers at the .8600 handle. It was almost expected, as we are in the

Good Evening! For the last “Pick” of the week will take a look at EUR/USD for a possible resistance play on the horizon.

As expected, we saw a bit of volatility from this morning’s economic reports. Our short entry orders were triggered late in the morning European trading session and fell just enough to

The FOMC decided to cut rates by 25 basis points today and it looks like the “buy the rumor, sell the news” scenario played out as riskier plays sold off right after the report.

EUR/USD fall as hoped on the backs of weak Eurozone retail sales data and a upside surprise in the ADP Nonfarm payroll report. Unfortunately, our orders were not triggered before the move.

Cable retraced during the morning European session and triggered our short position at 2.0650. There was enough volatility to take us down to 2.0600 – our first profit target. Unfortunately..

There was no retracement back to the bottom of the channel before USD/CAD took off higher after a surprise rate cut from the Bank of Canada this morning.

Looks like our trade stopped out as traders return to risk by buying back into higher yielding assets and carry trades.

Our short position has closed as it looks like carry traders return to the market and sell the Yen all the way to 110.00.

It appears we have a setup in EUR/CHF as the market trades lower highs in conjunction with…

It looks like there were sellers at the trendline, but we missed the trade as the pair found resistance at .8870…5 pips below our entry…

It looks like consolidation did lead to a breakout in EUR/USD, but unfortunately we didn’t catch it as the rallied instead of dropped as hoped for.

Good evening! Sorry about the late update, but me and a few of the FX-Men decided to take a last minute trip to the Trading Expo in Las Vegas! It was a great trip as we got to meet some great traders and

Hello everyone! It looks like we have a chance to get back into the super down trend in USD/CAD.