Lately the theme that I have seen in the market has been a mild willingness to take on risk, except when looking at GBPUSD. On a day chart the pair still remains in its down trend although it is currently off of its recent lows....
Read MoreYou might not recognize the effect that spread has on your trading, and you broker likes it that way. If you are a scalper, you have no doubt already noticed that the spread can cut your winnings in half on a single trade....
Read MoreAs we have predicted in the past, the economy is not growing at a pace that has required the Federal Reserve to raise rates. Instead, any growth has been moderate and allowed the Fed to stick to its plan of leaving rates low for...
Read MoreGood news of China’s exports and the US’s wholesale inventories are green shoots that the global economy is recovering and strengthening. This has led to risk appetite and rallied stocks, and oil. Of course, this...
Read MoreYou’ve done it. You traded your demo account profitably. Now you open up a live account, put your heard earned money into it and then, you lose. It doesn’t make sense does it? There is no difference between trading...
Read MoreTypically I’m not very big on watching economic data for NZD JPY or CHF. It’s not that the data doesn’t matter, because it does, it just doesn’t have a strong immediate impact. Tomorrow is different...
Read MoreTrade: Long USDCAD @ market (now 1.0277) Stop Loss: 1.0170 Take Profit: 1.0750 Commentary: Day Trade Strategy. Long term day. At 1.0400, move the Stop Loss to breakeven. USDCAD has strong support near 1.0200 from two previous...
Read MoreLast week I wrote a trading plan for a long term USDCAD buy. Since then the pair has weakened back down to the support line near 1.02. The fundamentals have not changed, so I still stand by my call, and believe that this...
Read MoreLast Friday proved to be a strong showing for the US unemployment data, giving a boost to risk appetite and taking strength out of the dollar. This week, on the other hand, has little market moving data set to be released....
Read MoreUS Non-Farm Employment Change came in better than expected, reporting a loss of 36,000 jobs in February. Expectations were to lose 56,000 jobs, so the market was pleasantly surprised. The loss in jobs was not significant enough...
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