Are you new to Forex? Start here for a solid foundation
Update USDCAD: Current Price: 1.0168 at 11:40 EDT – Last week in the Bank Flow room we mentioned that 1.0245 and 1.0280 on the USDCAD are the next levels we will be watching for sells. At the moment 1.0200 still seems to be holding the bulls from climbing. Now I am looking for a sell…
USDCAD: Current Price: 1.0189 USDCAD at 10:40 EDT – Today in the Bank Flow room we mentioned that 1.0245 and 1.0280 on the USDCAD are the next levels we will be watching for sells. At the moment 1.0200 seems to be holding the bulls from climbing. A breach of that area should take it to…
For those of you that were following this pair, I posted yesterday that I was watching for sells at the 103.85 to 103.95 area. The combo sold off from there to 103.35 area for the 40 pip target we were looking for. For traders interested in trading the news, the JPY reacted to the Jobless…
USDCHF: For those that are already taking part in the Bank Flow room, the post came in yesterday for a buy at the 1.0015 area. I have had traders reporting upwards of 100 pips profit from today’s moves. USDJPY: Current Price: 103.60 at 11:45 EDT – I will be looking for an intraday sell at…
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…
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…
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…
Its been a while since my last post around this AUD/USD. If you remember I suggested traders to look for a top around .9495/05 then shooting for 90 cents longer term for around a 500 pip target. The high was actually 9501 so we saw are level hold fairly well resulting in a move down…
I added another entry at bottom of 10170-10220 that was posted earlier, if you took trade from those levels lock it in, reason I took off stop yesterday and was ok with carrying it was looking to build position for medium term trade anyway, if you got stopped out yesterday, todays reentry level should make…
Still in chf because I removed my stop, I added another entry 10220. Manage your risk in this environment still alot of squeezing going again. 10170-10220 offers good risk reward to buy on position basis. Today is NFP later so expect volatility.
With my avg at 10302 I am removing my stop in this squeeze environment although orders still there so might not be issue. I just cant give more screentime today so I’m finding with carrying it. DO NOT DO IT IF it doesnt fit with your risk profile.
Got an add at 10285 on the squeeze into 10270-10280, so my avg is around 10302. Keeping stop at 10270 for now.