Trade Ideas

The GBP/USD has been in a downtrend due to US dollar strengthening. This morning we saw a nice run up in the pair with good economic numbers out of the UK, but it appears the downtrend is resuming. We look to target the previous low in tonight’s pick, but please be aware of Bank of …

We’ve seen a strong rise in the US dollar recently, mostly due to the crisis in the Middle East, as traders rush to the greenback for safety. Now, as we look at the 1 hour chart on USD/CHF, it seems the US dollar has stalled in its rise, indicating it may be short term overbought. …

Monday: No trade Tuesday: +60 pips Wednesday: +35 pips Thursday: -40 pips Total: +55 pips

It looks like we didn’t get to end the week on a good note. An interest rate hike by the Bank of Japan hasn’t been seen in over six years, so it was hard to predict what would happen. What we saw was whipsaw action in the time leading up to the rate decision and …

Tonight we have the long awaited interest rate decision by the Bank of Japan at 1:00 am EST. It’s been almost seven years since the Zero Interest Rate Policy has been in place, so we could possibly see a monumental move in the pair after the release of this decision. Of course, the market has …

Tonight we have the long awaited interest rate decision by the Bank of Japan at 1:00 am EST. It’s been almost seven years since the Zero Interest Rate Policy has been in place, so we could possibly see a monumental move in the pair after the release of this decision. Of course, the market has …

During the Euro session, we saw the GBP/USD gap down after a disappointing employment report in the UK. That brought the pair closer to our short entry trade. The US trade balance report was released with slightly better than expected numbers causing the pair to further decline. Our short entry order was hit and within …

In the last few trading sessions, we’ve seen the USD/CAD rise in an impulse wave pattern. This rise is probably due to the dovish comments on future monetary policies from the Bank of Canada and rising strength in the US dollar due to geopolitical reasons. Will the trend continue? I think so, but it may …

Tomorrow morning we have the US Trade Balance report being released at 8:30 am EST. The consensus number is about -64.6 B, but we may see a larger deficit number after hearing that China’s export report was better than expected. So, here are a couple of trade ideas in case we see surprise numbers out …

Well, it looks like the downtrend in USD/JPY never resurfaced so there was no trade triggered. Actually, before the pick was released, the pair did touch the price level, so it was a good thing we didn’t get in that earlier move. So, it looks like traders will be on the sidelines with the Yen …

We’ve seen the Yen gain against many different currencies as traders anticipate that the Bank of Japan will finally raise interest rates from 0% to .25%. It seems that this is being priced into USD/JPY as we speak, but will the trend continue right up to the BoJ statement? Who knows? But from what I …

Our long trade recommendation was triggered early in the Euro session before US trading session opened up. At 8:30 am EST, the NFP report showed a number of 121K new jobs created in the month of June. It was weaker than expected which meant a rocket rise in GBP/USD. Pt1 and pt2 was easily hit …

Monday: No trade Tuesday: No trade Wednesday: No trade Thursday: +93 pips Total: +93 pips

It’s that time of the month again – US Non-farm Payroll report!!!! Oh yeah! Once a month we get to see this beast of a market mover, and hopefully we get to catch some pips. This month’s consensus for the June report has seen a wide range from 50K to 300K jobs added, and traders …

Numbers out of the UK came out as expected and we saw little movement in the market compared to the normal volatility that we usually see. This is also due to the fact that US non-farm payroll report is coming out tomorrow; so many traders are on the sidelines waiting for that report. No trade …

Tonight’s pick is on GBP/USD. As you can see from the chart we saw extreme dollar weakness after the dovish comments from the Fed, but failure to break the 1.8500 level. So, now we see a move to the short side, but will it continue?? Where to from here? Well, we have the Industrial and …

Tonight’s pick is on GBP/USD. As you can see from the chart we saw extreme dollar weakness after the dovish comments from the Fed, but failure to break the 1.8500 level. So, now we see a move to the short side, but will it continue?? Where to from here? Well, we have the Industrial and …

Early in the morning, before the US markets started trading we saw a spike in the pair. It triggered the short entry order at 1.1150. Unfortunately, the 30 pips stop wasn’t enough to weather the whipsaw. Actually it wasn’t enough by 3 pips!!! Doh!!! After the stop out, the pair dropped back down to hit …

Monday: No trade Tuesday: +72 pips Wednesday: -40 pips Thursday: -60 pips Total: -28 pips

06/01/06 – 06/02/06 +00 pips 06/05/06 – 06/09/06 +41 pips 06/12/06 – 06/16/06 -77 pips 06/19/06 – 06/23/06 +146 pips 06/26/06 – 06/30/06 -28 pips June Total: +82 pips