TRADE CALL RECAP This morning we were watching the Canadian GDP report. We were looking to short the USD/CAD if the report came out at least 0.2% better than expected. The actual number came out with a deviation of 0.1%, so it did not meet our safe trigger and we did not enter this trade.…
The Dollar continues to stabilize and this week we have the all important NFP report on Friday. That number will set the tone for the Dollar for the month of April as we have the next FOMC meeting on the 30th of April. Overall we continue to expect the Dollar to keeping basing and slowly…
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…
This week we are seeing a global exhale. By that I mean traders are realizing that the sky is not falling yet and for now the FOMC is going to try and save the day. Can they really pull this off? We doubt it will work as history shows that it is not likely at…
Well it looks as if central bankers got the message that traders were sending them last week. They have stepped up and begun to change the perception of the future of the Dollar. The test now will be if they can perpetuate this change in perception or not. We see this as a “global exhale”. …