Trade Ideas

The Bank of England’s Monetary Policy Committee kept rates unchanged today. As expected, Cable dropped on the news and temporarily found support at our entry point at 1.9850. But with traders flocking to the dollar on a “flight to safety” response on the North Korea event, the momentum was strong enough to break through.

Our trade was stopped out during the Euro session on an unforeseen event. North Korea launched two shot range missles off its coast today, after which traders flocked to the dollar on as a “flight to safety” response. The dollar rallied and took our trade to the stop out level… doh!!

It looks like we may have been a little bit premature in our entry on this pair. After our first entry, the pair dropped on carry trade liquidation as equity markets, starting in China sold off leading to risk aversion by market players. This move triggered our

We had a total of four trades last month, all winning for a total of +105 pips. Not bad. Looking forward to a great month in June!

It looks like we’re going to start off the month of June with a couple of monster reports out of the US: Core PCE and US Jobs Data. We see US jobs data the first Friday of every month. This is the one report that can cause

Our trade was triggered short at 1.0675 at the beginning of the US trading session this morning. Unfortunately, it was one of those cases where I was able to pick the support area instead of breaking area.

Final May Pip Count….

It looks like sentiment has changed intraday as the pair was unable to break resistance at 2.4250. Ahead of this morning’s economic events I would like to

As expected, EUR/JPY corrected a bit further. Unfortunately for our “Pick”, it was unable to break support at 163.00 before rallying up to its current level around 163.40. Our trade was never triggered… doh!

The remaining portion of our trade was stopped out at breakeven last evening as traders lightened up on risk and unwound some of their carry trade positions. China triples the share tax on securities transactions which brings a concern that traders may

Our profit target was hit at 1.0730 as USD/CAD continued to fall after this morning’s interest rate decision and the statement soon afterwards. The pair is currently finding support between 1.0710 – 1.0720, and it looks like it will consolidate for the rest of the day.

US Existing Home Sales for April came in at -2.6% to 5.99M. We saw a revision in March up to 6.15M. The Greenback sold off, but the move was minute probably due to low volume ahead of the holiday weekend in the US.

It looks like I adjusted my stop a little too early. After a 20 pip move up from entry, I adjusted the stop from 111.85 to 112.05. Soon after, the pair retraced down once again to close out our position for a 20 pip loss on half a position. 112.00 proved to be a strong support area as the pair has rallied to it’s currently level around 112.80….. Doh!!!

Good morning! Well, our trade stopped out with a profit as AUD/USD failed to find support and continue its rally. On the way down we had another order triggered to go long to add more potential gain with a small amount of risk, but our entire position was closed

With the thought of any rate cut from the Fed anytime this year, the market has sent the Greenback rallying in a slow and steady pace. Will it continue? For now, this is the

As I expected, EUR/GBP met resistance at .6850 and then turned lower during this morning’s Euro/Asia trading session. The Euro sold off against the Dollar big time as the interest rate cut outlook in the US seems to be waning – this affected Euro crosses across the board.

Just a quick review from our trade on Thursday in which we were long CAD/JPY. April inflation data did come out stronger than expected which boosted the Loonie, but we hit a stumbling block on Friday as China widened the trading band for the Yuan. This proved to be more of a buying opportunity

Hello my friends! It looks like our trade reached full profitability as positive Canadian Retail Sales rallied Loonie even further. Congrats to those who made some pips! Yaaaay!!

We have been entered short half position in GBP/USD at 1.9830. We have April housing data just released with Building Permits down 8.9% and Housing starts up 2.5%. With such a weak Building Permits number I look to

EUR/USD traded in between 1.3530 to 1.3560 during the Euro trading session as data came in mixed from of the Eurozone’s largest members. There were no trades triggered and ahead of the closely watched US CPI data out at 8:30 am EDT we will