Trade Updates and Beyond…
We have been seeing some interesting moves in the currency markets the past few days. Very large moves in the Euro and Pound. So be careful out there and follow your trade plan with focus. Now on to the trades for the past few sessions. So far we have had three losing trades in a [...]
Looking good on a Monday…
After an exciting weekend here in the states. Where a significant piece of legislation regarding health care reform got off the ground. We are back in the trading saddle for the Monday morning fireworks. During the U.K. session, we had a short bias and were looking for a sell on the GBP/USD. The trade never [...]
GBP/USD Shorts = Money Friday…
Alright folks, today was an exceptional day in the currency markets. Our good friend the British pound took it on the chin pretty hard during both the U.S. and U.K. trading sessions. As for the reason, not going to speculate. As you guys have heard and read me write is to “trade what is”.
Today 2 [...]
A Case for Buying Dollars…
As i have been saying for a while, as long as the interest rates stay as low as they are a perfect play would be to just accumulate dollars. The idea is that that the U.S. will eventually have to raise interest rates. I am obviously not the only one with this idea, which of [...]
Trading Success…
Below is an excerpt from the classic book by Mark Douglas. This business of trading is all about probabilties. When we devise our trading strategies and methods. We have to understand that what we are looking for isn’t the holy grail that will win 100% of the trades taken. But what we are looking for is positive expectancy. [...]
The Dollar Trade Feb 17th…
A negative day for the dollar index yesterday which ended the trading session with a relatively wide spread down candle which breached the 9 and 14 day moving averages as a result. The move lower came as little surprise given the the series of shooting star candles which have appeared on the daily chart for [...]
Hmmm… So confidence is the name of the game huh?
This is an excellent video. I think it’s worth taking a peek.
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75 PIP WINNER!
This was an easy set it and forget it win. We are currently up 5.06% using the new set it and forget it set up. After some more forward testing, lookout for another real pip collector!
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Very Early GBP/USD Trade….Let’s see how it pan’s out.
As you can see, an entry to sell was made at 1.5941. The price came within 4 pips of our target of 1.5911. Lets see what happens.
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Forcasting market movement hmmm….
Professional Traders Don’t Forecast:
Despite what many retail account holders think, professional traders don’t forecast. The pro’s know that on any given day a market can correct, and that correction can turn into a reversal. For some speculators this may be cause for concern, not for a trader. Traders don’t forecast.
If a professional can definitively tell you the [...]
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