TRADE CALL RECAP For my last live trade call, we were watching the UK GDP report that was released last Friday. We were going to trade if the deviation was 0.1% or higher. The actual number came out with no deviation, so it did not meet our trigger and we did not get in a…
OUR NEXT LIVE ON THE NEWS TRADE CALL Our next live news trade opportunity will be on the UK GDP Report that will be released tomorrow at 5:30 am EDT. The expected number for this report is 0.6%. A higher than expected number will be good for the GBP and signal a long on the…
TRADE CALL RECAP This morning we were watching the US GDP report, and looking for a safe trigger of 0.4% to enter a sell on the GBP/USD. The actual number came out with no deviation, so we did not enter this trade. To see the video from this trade, click on the link below: TRADING…
TRADE CALL RECAP This morning we were watching the US Durable Goods report, and we were planning to sell the USD/JPY if the number came out 2.5% worse than expected. The actual number came out with a 2.3% deviation, so it barely missed our safe trigger and we did not enter the trade. We did…
A trader with a mediocre system and great money management skills will fare better than a trader who has a great system but no handle on his money.
CANADIAN RETAIL SALES PROVIDES UP TO 40 PIPS FOR TRADERS This morning we were watching the Canadian Retail Sales figures, and we were looking to short the USD/CAD and EUR/CAD if the number came out at least 0.4% better than expected. The actual number came out with a deviation of 0.8%, so it met our…
Emotional forex traders will be tempted to chase bad money with good, and subject themselves to even greater losses.
UK RETAIL SALES PROVIDES UP TO 70 PIPS IN PROFITS For our last live trade call we were looking at the UK Retail Sales last Thursday, and we were looking to enter a long on the GBP/USD if the deviation met our safe trigger of 0.5%. The actual number came out with 1.2% deviation, so…
I wanted to update you on my thoughts around the AUD/USD. If you have been following by blog posts on the Aussie currency you know I have been shorting for a while now and posted that I believe the top was going to be around .9500 which was put in almost to the pip. With…
TRADE CALL RECAP Yesterday we were watching two news releases. First was the UK CPI, and we were looking to enter if the deviation met our safe trigger of 0.1%. The actual number came out with no deviation, so we did not enter this trade. To see the video from this trade, click on the…
Trading on the Foreign Exchange Market is a rewarding, yet challenging endeavor. A trader can never be too informed or have too many useful insights. Successful traders are always learning and growing.
TRADE CALL RECAP Our last live trade call was for the US CPI report, which was released last Friday. We were looking to long the GBP/USD if the number came out at least 0.1% worse than expected. The actual number came out with a deviation of -0.2%, so it met our safe trigger and several…