Trade Ideas

The second half of our short position was closed out on a stoploss for a minor -15 pips. Combine this with the first half of our position we netted +15 pips for the day!

The Swiss Franc has been on a tear lately, and the Sterling – well let’s just say it hasn’t been so well! Things might change for Cable soon as the UK reported a better than expected Trade Balance number at -6.2B versus the forecast of -7.0B. On the chart

The rest of our position was stopped out at breakeven as the Greenback found momentum to the upside as we near the end of the Euro trading session. It looks like 1.2200 was a pretty good support level for the pair as the pair found a low at 1.2075 before buyers brought the dollar/swiss back above 1.2200.

March Pip Count

Orders did not trigger ahead of the weekend. No Trade

It looks like EUR/CAD is dropping as hoped for, but our short entry was never triggered as the pair came up as high as 1.5524, narrowly missing our short order by about 6 pips. With the Loonie rallying against the Euro and way past the bottom of the channel we will

We’re nearing the end of the trading day for the US trading session and it looks like GBP/USD has been trading in a tighter range than anticipated. It missed our long entry point at 1.9270 several times by hitting around 1.9280 before shooting back up to 1.9300. So, no trade for today and we will

EUR/CHF has been trending downward during the global liquidation and now we’re seeing a retracement. We aren’t expecting any major news events out of Eurozone or Switzerland, so we’re going with a pure technical play as we eye 1.6100 as a major resistance level and a great price to jump in short.

We just saw a lot of data released this morning out of Canada and the US. In Canada, Building Permits rose 11.3% versus the forecast of 2.1%, but traders waited until after the Bank of Canada Interest rate statement before trading. The BoC left rates at 4.25%, after which we saw

Here’s our total for February…

With the whole “Yen carry liquidation” scare, whether it’s real or not, has brought many of the Yen crosses down to what seems like an “extremely” oversold level. This may be a great opportunity to

It has been a hysterical past couple of days in the markets, starting with a 9% drop in the Chinese markets, then a 3% drop in US equities, and in the forex markets we’re seeing the Yen rise on “carry trade liquidation” fears. Now that the panic seems to have subsided, do we jump back in long some of our favorite carry trades? Well, maybe not the yen, but EUR/CHF looks nice!

We saw massive data and money flowing left and right, and unfortunately for our trade, we didn’t see follow through until after the ISM Manufacturing data today. At 08:30 EST, Core PCE, Personal spending, and Personal income all came out dollar positive.

During the Euro session, EUR/USD came down to about 1.3180 before reversing and shooting back up to about 1.3215. We have US GDP coming up at 08:30 EST, so to avoid event risk we will remove all open orders. Stay tuned for any trade ideas after the GDP report.

We saw a much weaker than expected Durable Goods number drop larger than expected to -7.8%, Consumer Confidence came out at 112.5 vs. consensus of 109.0, and Existing Home Sales came out at rose +3.0% to 6.46 million. So, Durable Goods weaker, and the more closely watched Consumer Confidence and Existing Home Sales data stronger.

EUR/GBP did retrace down, but not quite enough to trigger our long orders – missed it by a few pips. The pair looks like it’s back in uptrend mode as it has risen and currently trading around 0.6715, so we will close open orders.

We just saw a broad based dollar selloff this morning. EUR/USD shot up along with the selloff and triggered our long trade. We hit our pt for 20 pips. Close open short orders. Have a great weekend!

It looks like it was all about the carry trade today as the Yen continued to sell off through out the day against all the of the majors. Our position in EUR/JPY kept going up, but unfortunately, we were short on the pair. So, we were

Looks like there wasn’t any juice in the markets to push the dollar up in the afternoon trading session, especially after the FOMC Meeting Minutes show that the Fed views inflation as a concern, but moderating. So, as per trade rules, we will

Our trade stopped out today as the loonie sold off against all of the majors today. Our short orders were triggered at 1.1675 and 1.1690, and unfortunately, USD/CAD didn’t find resistance until 1.1715. So, we were stopped out on our full trade for a total loss of 45 pips