Trade Ideas

It’s been a quiet week so far for USD/CHF as we saw little reaction on US housing data, but that may change later today with the US Durable Goods reports. Right now, the main market theme is

Its the end of the US trading session and it looks like risk aversion continues as the Yen and the Swissy rally. I’d like to close the positions at market (1.6530) to lock in profits ahead of the abundance of news events we’re about to head into. So, we take a small profit of

Philly Fed Index came out much stronger than expected at 18.0 versus 4.2 in the previous month. This is not good for our trade so I will close at market at 1.0730 to reduce our loss.

The second half of our position was closed at breakeven this evening. We managed to collect +20 pips from our trade. In retrospect, closing the position earlier would have been the best move. I recognized the move was out of steam, but

With all trading sessions closed except for the US, I have decided to close all open positions and orders at the current market price of 1.0628. It’s a great start to the week and I hope everyone did well on this one!

Hello Everyone! We have a nice technical setup on EUR/GBP, which looks like it’s ready to continue the trend lower. Fundamentally, interest rates are expected to hike further in both the UK and the Eurozone as inflation remains a concern to both regions, but we will probably see

We saw US CPI, along with a plethora of other US data, go by and USD/CHF pretty much went no where. The headline CPI read came in at 0.7%, slightly above the 0.6% forecast, and the core number at 0.1% versus 0.2% forecast. We saw more mixed data as

Hello Everyone! I am still watching the EUR/CAD trade idea I posted earlier this week and until we see what happens there I thought I’d share another trade idea in AUD/USD.

No trade idea at the moment as it the market is looking pretty choppy. While we do have important economic events in the pipe for today, I think we will see limited movement and

Our short entry at 1.9680 was triggered during the European session and was stopped out after the positive US Retail Sales data on a “buy the rumor, sell the news” trade scenario.

Today’s focus will be on GBP/USD and UK interest rates. Cable has taken a beating as of late as the Greenback has rallied on the idea that a strengthening US economy will prevent the Fed from cutting rates. Where to now?

Good morning my friends! Today I am looking to short the EUR/CAD. What a run this pair has been on since mid March trading from about C$1.57 per Euro, to its current level around 1.4150. Can this thing run any lower?

Bullish dollar sentiment remained strong as we saw a push in dollar buying durning the European trading session. Our long orders at 1.2280 was triggered and both profit targets were

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….