Bulls and bears alike found opportunity to extract at least 100 pips in profit from price action on the GBP/JPY currency pair during the two hours prior to today’s London close.
97% of the time, the EUR and the GBP move in the same direction. Not this morning. We just couldn’t get them in synch. At times, EUR was going down and GBP was going up. Then when we go the two moving in the same direction, stochastics wouldn’t confirm. Very choppy and dangerous day. Therefore we just traded the oil inventory news by riding the CAD’s continuation pattern after a break of support. Remember this day. The next time you see lack of corrolation, perhaps you should consider taking …
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Today’s rally on the EUR/CHF currency pair brings to mind the Yogi Berra quote, It’s like déjà vu all over again. For the third time in about 6 weeks, the euro swissie soared as the swiss franc was sold on alleged SNB indirect currency intervention via the Bank for International Settlements. A profit of up to 230 pips awaited those traders who bought the pair at an easily-defined level of support, then kept their cool as the candles grew greener.
Daily Recap of the Cowabunga System for Wednesday, 06/17/09 View the full post and add your comments here: www.babypips.com
www.trading-strategies.info A short video showing some of the highlights of what is inside the Trading Strategies website. Provider of the best real time currency training on the web all from the comforts of your own computer. Learn how I trade the live currency markets on a daily basis.
This is a video overview of Money Management, risk, stop losses and cognitive bias. It covers a range of tasks you should consider before becoming a full time trader.
Daily analysis of the US forex market trading session with DailyFX Currency Strategist John Kicklighter and Terri Belkas. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.
How do you trade a breakout of a range? Very similar to a triangle breakout. Measure and project! This video includes examples from today’s EUR/USD and USD/CAD pairs. Live FOREX Training | Everyday www.fxbootcamp.com
www.informedtrades.com The second lesson of two on what rollover is and how it works for traders of the forex market who hold trading positions overnight.