Are you new to Forex? Start here for a solid foundation
TRADE CALL RECAPS For our last live trade call, we were looking at the UK Retail Sales and Canadian CPI reports this morning. For the UK Retail Sales report, we were looking at entering if we had a deviation of 0.5%. The actual deviation was 3.6 which triggered a Buy on the GBP/USD. Traders in…
TRADE CALL RECAP For our last live trade call, we were looking at the UK CPI yesterday morning, and we were looking to enter a long on the GBP/USD if the figure came out at least 0.2% better than expected. The actual number came out with 0.1% deviation, so it did not meet our safe…
TRADE CALL RECAP Our last live trade was last Friday when we were watching the US CPI report. We focused on the Core CPI figure and were going to buy the USD/JPY if the number came out at least 0.1% better than expected. This number came out with no deviation, so we did not enter…
TRADE CALL RECAP Our last live trade call was for the US Retail Sales report that was released this morning. We were looking to long the USD/JPY if the number came out at least 0.5% better than expected. The actual number came out with a deviation of 0.5%, so it did meet our safe trigger,…
On Tuesday June 10 I made a post for sells in the 107.30 to 107.35 zone on the USDJPY. After a spike into the 70’s the pair made a fall into the mid 106.50’s. Traders have reported taking anywhere from 40 to 60 pips on this trade. Congratulations if you were able to take advantage…
TRADE CALL RECAPS Our last live trades were yesterday when we were watching three news releases. First was the UK Industrial Production, and we were looking to long the GBPUSD if the number came out at least 0.5% better than expected. The actual number came out with a 0.2% deviation, so our safe trigger was…
TRADE CALL RECAPS Last Friday we were watching the Canadian Labor Change and US Non-Farm Payrolls reports. For the Canadian release, we were looking to long the USDCAD or EURCAD if the number came out 15k worse than expected. The actual number came out with a -1.4k deviation, so it did not meet our trigger…
TRADE CALL RECAP Our last live trade call was this past Monday when we were watching the US ISM Manufacturing report. This report did not meet our safe trigger as we were looking for a 1.2 deviation or higher, and the number came out only 1.1 better than expected. We did have a few traders…
The post earlier this week had a buy on the GBP at the 1.9525 zone. On the first approach we were able to catch a 30 pip bounce. If anyone was able to withstand the push down into the 1.9460’s then you may now be seeing 50 pips from the 1.9525 entries. …
TRADE OPPORTUNITY TONIGHT There is an opportunity to trade tonight when the AUD GDP report is released at 9:30pm EDT. The expectation for the GDP (QoQ) figure is 0.3%. We have placed a safe trigger of 0.4% for this release. We have historically seen moves of around 25 to 40 pips when this release has…
Last week’s posted levels on the EUR and CHF saw a push though the levels that many smaller intraday traders may not have been able to withstand. This is sometimes the case with the bank flow strategy and why I suggest using proper risk management and not to over leverage your trading account. For the…
CANADIAN GDP PROVIDES UP TO 50 PIPS OF PROFIT For our last Live on the News event, we were watching the Canadian GDP report last Friday. We were looking to long the USD/CAD or EUR/CAD if the report came out at least 0.2% worse than expected. The number came out with a deviation of -0.2%,…