Trade Ideas

Well, it’s almost the end of another trading today, and today we saw positive data out of the US. We saw surprises to the upside with Nonfarm Productivity at 1.7% versus the consensus of 1.0% and

We saw some volatility last night as the pair dropped close to 1.1100 after the pick was posted. As expected, the pair rallied during the morning Euro trading session, but met resistance at 1.1140 before sharply moving down once again to 1.1100.

ISM and Pending Home Sales numbers both came out at a surprise, with ISM Man. Index out at 54.7 vs 51.0, ISM Man. Prices at 73.0 vs. 65.9, and Pending Home Sales down -4.9%. So, good ISM numbers and bad pending home sales. I wanted to wait to

Updated Pip count for April

A quick update: we are no short both half positions, one short at 1.2045 and one at 1.2075. The market is currently trading around 1.2065. No major news events today during the US session, so we will

Our position was stopped out yesterday. There was no news, it was reported that the move up was on program trading by institutions. It looks like traders are looking to get into the Aussie on any kind of dip and that we probably won’t see much of profit taking anytime soon. So

Good evening! My question of the day is will 1.20 hold or be broken in USD/CHF? Well, today we saw Existing Home Sales and Consumer Confidence come in lower than expected. We may see further USD weakness with Durable Goods and New Home Sales report out later at 8:30 am EST.

We were stopped out of a frustrating trade today. At one point we were 2 pips away from hitting our first profit target, but it looks like Euro buying took over and bid the pair back up to our entry point and beyond to our adjusted stop levels. It looks like this pair will

US Existing Home sale came out at 6.12M and Consumer Confidence came out at 104.0, both lower than forecasted by the market. This supports our long bias on GBP/USD, but unfortunately, the pullback to 1.9900 never occured to enter long in the market. With the current market over 100 points away from our entry, we will

Okay, so I may be the one who was sleep deprived last night when I posted the “Pick” last night. There was an error in last night’s trade idea to go long at 2.0050. The pt was below the entry point! So, that trade is invalid. The short trade was valid and we were

Cable continued to rally and hit pt1 at 2.0100 for +50 pips on half position.

For tonight’s “Pick,” we will take a look at the Loonie and the upcoming economic reports for Canada. Now, the momentum for the Loonie has been super strong, as we can see in USD/CAD. Will it continue? I think it should without a change in fundamentals and

Hello Hello! Our trade was triggered during yesterday’s morning Euro session as it retraced to 1.1335. We were helped by today’s US CPI numbers as they came out pretty much inline, but slightly lower. USD sold off after the event and

Our last trade idea was triggered shortly after I posted, and we saw a stong rally in the pair from the 61.8% Fibonacci level. Too bad we had only a 25 pip target, because that thing shot up! So, we did well for the week and a look forward to a bounty of inflation data this week from various countries.

Here’s just a quick review on this trade. Our bullish outlook was correct at the time and our order to enter short was triggered during the early morning asian trading session. Cable picked up steam through out the morning Euro session and our position was

The second half of our open short position reached the adjusted profit target at 1.1460 during the late morning Euro session. This offsets the small hit we took with the first half position and we came out with a small gain of +10 pips.

Hello 🙂 I hope everyone had a wonderfully, long weekend! With metals on a tear on demand from China and traders flocking to gold for inflation protection, going long in AUD/USD looks to be a great play after a retracement.

It looks like traders and speculators are changing their minds and placing bets that the ECB will actually raise rates this week from 3.75%. Our shorts were entered and we saw some pip collecting, but we met resistence and gave it all back as broad based Euro buying commenced during the Euro session.

Our trade panned out well today as Canadian employment data came out better than expected with new jobs rising by 54.9k versus the forecast of 12.0k. This sent lead to some Loonie buying in the early morning and our short position was

The markets are quiet ahead of the Bank of England Interest Rate decision and the Easter holiday, so it doesn’t look like we have any trading opportunities at the moment. I’d like to take this bit of down time to introduce the newest team member, Cyclopip! Here’s his story: