We had another extremely profitable week of Bank Flow trading this past week. Several of the trades had multiple targets and we utilize a scaling out process. Assuming you followed the directions that Jonathan gave, your total on your best positions (including losses) would be approximately 382 pips. There is a breakdown below of the…
TRADE CALL RECAP Our last live trade call was for the US CPI report which was released this morning. 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 no deviation, so it did not meet our safe trigger and we…
OUR NEXT LIVE ON THE NEWS TRADE CALL Tomorrow we will have an opportunity to trade when the US CPI report will be released at 8:30 am EDT. We will be focusing on the US CPI Excluding Food & Energy figure. The expectation for this report is 0.2%. We will be looking for a deviation…
TRADE CALL RECAP Our last live trade call was for the US Retail Sales report this morning. We were looking to long the GBP/USD if the number came out at least 0.3% worse than expected. The actual number came out with no deviation, so it did not meet our safe trigger. To see a video…
I am going to share a couple of levels with you today. Trade One First is the USDCAD, looking to buy around the 1.0120/30 area targeting a move back up to 1.0250. For intraday traders set a stop around 1.0075. Trade Two Second is the EURJPY. I will likely take a sell in the 160.30/50 area targeting…
TRADE CALL RECAP Our last live trades were on Thursday when we were watching the Canadian and US Trade Balance reports. I cautioned about trading the US Trade Balance as the Weekly Jobless Claims was coming out at the same time. Both Trade Balance reports met our safe triggers and we had several traders get…
TRADE CALL RECAP This morning we were watching the UK Industrial Production report, and looking for a safe trigger of 0.5% to enter a long on the GBP/USD. The actual number came out with a deviation of 0.2%, so we did not enter this trade. To see the video from this trade, click on the…
Trend analysis is an indispensable function of the successful Forex trader. Just like a good mechanic or carpenter, having the right tools in your toolbox will make all the difference in your ability to break down trends and trade in the direction of established trends. Following are some essential Forex trend analysis tools to include…
TRADE CALL RECAP Last Friday we were watching the Canadian Labor Change and the US Non-Farm Payrolls reports. Although there was some good movement on the currencies after the reports were released, neither of them met our safe triggers so we did not enter trades on either of these releases. We were looking to long…
BANK FLOW WEEKLY RECAP As I said earlier in the week the new format makes it easier for us to track and report trades so here is the weekly recap on the Bank Flow. Despite a few losses (which are part of trading) we had a phenomenal week. 789 Pips total on closed trades!!! Several…
TRADE CALL RECAP Our last live trade call was this past Tuesday when we were watching the US ISM Manufacturing report. This report did not meet our trigger as we were looking for a 2.5 deviation or higher, and the number came out only 1.1 better than expected. To see the video of this trade,…
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.…