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Last night I posted a video of the trade setup I used to catch yesterday’s break from the range with a decent selloff and scored some easy pips. I also mentioned my analysis for today and why I was predicting another decent rally on the EUR/USD. So I feel the need here to toot my Read more EUR/USD Wrap Up for March 31 First thing this morning at the London open I managed to catch cable breaking the 1.50 barrier. The trade it’s self is fairytale textbook, price breaks, price retraces to previous resistance, price moves higher, trader lives happily ever after. Had a very tight stop of 10pips because of the possibility of Read more FOREX DAWN| Cable Breaking 1.50 Not a lot happening for me this Monday morning European session, just a quick rundown of what I’m looking at: USD/JPY is in a 40 pip range that I’m waiting for the breakout. EUR/GBP is in a 35 pip range, again looking for the breakout on that. Price alerts are set so I don’t have Read more Forex Dawn| Monday Monitor The dollar lost ground across the board today, but it’s nothing major as of yet. Probably a mix of reactions concerning the recently announced EU Greek debt plan and what effect it will truly have other than a temporary rebound in risk appetite. Fitch announced today that it has decided Read more EUR/USD Consolidates Here’s a great visual demonstration of some of the trade setups I used to make money this week on the EUR/USD. Check it out! As I stated yesterday, a deal was in the works that would finally be unveiled overnight regarding a Greek bailout. I also mentioned “Once the deal gets made public, watch for the more “European” the deal, the better for the euro and the larger the IMF role, the worse it will be.” Read more Greek Deal Is Made ***UPDATE: well this is becoming a bit of a bad habit lol! so the price came looking for my stop….. and found it. As I type the trade would have been up another 40pips, some work to do I think. Still I always wanted this blog to be a true reflection of Read more Forex Dawn| LIVE! Breakout Trade The EUR/USD sunk lower during Asian and early European session hours thanks to deputy governor of the People’s Bank of China Zhu Min, who said the Greek debt crisis was just the beginning, prompting another short-term sell-off and triggering stop-loss orders at 1.3300 that sent the euro to a 10 month low of 1.3285. As Read more EUR/USD Wrap Up for March 25th |
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