I remember back before the summer of 2008, the EURGBP was a good pair to trade if you wanted a tight range that moved a slow pace. But of course the world of currencies was flipped on its head when interest rates around the...
Read MoreTrade: Long GBPUSD @ market (now 1.5592) Stop Loss: 1.5542 Take Profit: 1.5630 Commentary: Support & Resistance (S&R) Trading Strategy. This is a short term trade, looking for a bullish bounce off of GBPUSD support....
Read MoreTrade: Short USDCHF @ market (now 1.0781) Stop Loss: 1.0840 Take Profit: 1.0730 Commentary: Day Trading Strategy. This is a short term trade. We are looking for resistance near 1.0800 – 1.0820 to hold and for USDCHF to...
Read MoreSelected Excerpt: GBPUSD did break the triangle at the predicted point of 1.5700, but then returned to the inside of the triangle. After a bounce off the support trendline, AUDUSD then broke the upper trendline again a little...
Read MoreToday EURUSD broke above its down trending highs that began in the middle of January. With the markets seemingly back on the risk trains, is this the beginning of a rally in the EUR? This could indeed be the beginning of a rally...
Read MoreEvery trader wants a systematic edge in the market, some way to make money simply by using certain parameters of a trade. One such parameter is the risk to reward ratio, the potential maximum gains divided by the potential...
Read MoreSelected Excerpt: GBPUSD has consolidated into an ascending triangle on the thirty minute chart. Look for a break of the resistance trendline to occur somewhere around 1.5700. After the break, look for a short move to 1.5735. If...
Read MoreIn the last part of my series on intermarket analysis I covered the relationship between Forex and equities, a market that is familiar to most people. In this part I will discuss the bond market, a market that is not familiar to...
Read MoreTrading. The wonderful art of losing money in the most stressful way possible. Also the art of making decisions as complicated as possible. Wait a second, man! I don’t make complicated decisions! I use my moving averages...
Read MoreZeroHedge.com posted an insightful article today claiming the collapse of the G-7 is imminent and the bail out of Greece is irrelevant. While the doomsday article may be argued as scare tactic journalism, it is hard to argue the...
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