Hi all. The EUR/USD and GBP/USD seem a bit confused on direction with the Euro dropping back and finding support on its previous level 3 price action and the Pound dropping back into its level 3. As I mentioned last week there was market chatter about many stops being above the 1.33 level on the [...]
Forex EUR/USD, GBP/USD, EUR/JPY, GBP/JPY Commentary March 28, 2012
March 28, 2012 by · Leave a Comment
The EUR/USD and GBP/USD did make a small attempt to push up yesterday but seemed to be held up to some extent. We did have members who caught the short run up. However I missed those trades as I felt there would be another retest that never came. I did however manage to get a [...]
FX Commentary EUR/USD, GBP,USD March 27, 2012
March 27, 2012 by · Leave a Comment
The EUR/USD didnt quite go as I expected yesterday. It did make the nice move down after the end of the Asian box but didnt provide a nice entry so I missed that trade. However once it hit the lows it gave a beautiful day trade long, which booked 75 pips for the day. It was [...]
EUR/USD Day Trade Long March 26, 2012
March 27, 2012 by · 1 Comment
This EUR/USD trade is about as pretty as they get for level 3 trades. Especially in the middle of the level 3 price action. The first thing I want to point out is the market has moved almost exactly 90 pips from the Asian session highs. You can see this in the video when I [...]
Forex Commentary EUR/USD, GBP/USD March 26, 2012
March 26, 2012 by · Leave a Comment
There is really not alot to comment on with the charts of the EUR/USD and GBP/USD. Both have made a false push to level 1 and retreated back to the level 3 price action to make a test of the highs. I do expect a rejection and push lower and as I type this the [...]
Forex EUR/USD, GBP/USD, EUR/JPY Commentary March 23, 2012
March 23, 2012 by · 1 Comment
Just as outlined in the Forex Commentary from yesterday the EUR/USD and GBP/USD made the nice move to the downside after the manipulation making the stop run to the upside. I actually expected a bit deeper of the pullback but who cares as long as we see what the Smart Money is doing and jump [...]
GBP/USD Short trade March 14, 2012
March 23, 2012 by · Leave a Comment
Here was yet another good shorting opportunity on Tuesday March 14th. The market had been chopping around in some level 3 price action. Once it came up and tested the previous days highs and came back for another swipe the trap was revealed for the move to the downside. I took the aggressive entry as [...]
GBP/USD, EUR/USD, EUR/JPY Forex Commentary March 22, 2012
March 22, 2012 by · Leave a Comment
This is level 3 trading for us guys. The EUR/USD tried to make a break to the topside but showed it was merely a stop run as they collected orders for 4hours then ran price down to trigger any stops of long positions only to run it back up to trap more long positions before [...]
Can You Trade Forex With A Full Time Job?
March 21, 2012 by · 2 Comments
Can someone with a full time job learn to trade forex? This is a question we get quite often. As part of our forex trading course and on going education, we provide daily market reviews in the members area. The video below is the review from March 15th 2012 of last week. This video shows [...]
FX USD/CHF, EUR/USD, GBP/USD Commentary March 21, 2012
March 21, 2012 by · 2 Comments
The EUR/USD and USD/CHF were showing the nicest levels yesterday and have been very nicely correlated with the EUR/CHF trading close to the floor set by the Swiss National Bank This should hold as long as they maintain the floor and there is not such a deterioration of the Swiss economy to warrant the Swiss Franc to [...]
GBP/USD, EUR/USD FX Commentary March 20, 2012
March 20, 2012 by · 1 Comment
Well the EUR/USD and GBP/USD did exactly as expected in yesterdays commentary. I didnt catch the whole move but did manage 50 pips on both pairs. The move started so late in the day and since I am not feeling well. (dam flu I think) I had to just set a take profit on the [...]
FX Commentary EUR/USD, GBP/USD March 19, 2012
March 19, 2012 by · 2 Comments
This should be an interesting week guys. Since its is fairly light on scheduled news events the Smart Money will be free to play as they do normally and the EUR/USD and GBP/USD have had some nice levels created Friday that should have some follow through Monday before a potential reversal later in the week. [...]
Forex EUR/USD, GBP/USD Commentary March 16, 2012
March 16, 2012 by · Leave a Comment
The EUR/USD has been finding support at the daily lows from February 1st and the 6th. It has also already tested the daily closes from March 6th and 9th and been rejected yesterday. This gives me a slight bearish bias. We did have a 3 level rise in the reversal I didn’t expect. In yesterdays [...]
Forex Commentary EUR/USD, GBP/USD March 15, 2012
March 15, 2012 by · 1 Comment
Its tough to work on Wall Street if you have a conscience. To start off todays commentary I want to briefly discuss the New York Times article by Gary Smith and his decision to leave Goldman Sachs for ethical reasons. As we in the financial world already know Goldman has been seen from 2 different [...]
EUR/USD, GBP/USD Forex Commentary March 14, 2012
March 14, 2012 by · Leave a Comment
At this point it sure looks like we may be getting back to some normal market conditions rather than the markets running on risk. With the Dow finally closing above 13000 it sure looks like we may be getting back to market movements based on economics which would be nice for a change. The Federal [...]
GBP/USD Day Trade Short – Smart Money Trap Move
March 13, 2012 by · Leave a Comment
Here was a nice live forex trade setup on the GBP/USD from Monday after the Asian accumulation. It looked like there was a longer term market reset which got me believing the market was again headed down for another smart money push. Please Enlarge This Video To Full Screen For Better Viewing: Forex Course & [...]
FX EUR/USD, GBP/USD and EUR/GBP Commentary March 13, 2012
March 13, 2012 by · Leave a Comment
I have a feeling that the market may be waiting for the Federal Reserve announcement this week before any major movements. There is still a bunch of conflicting opinions on whether or not there will be any hints of a third QE program. I am in the camp of no more QE this year. The [...]
Fx Commentary EUR/USD March 12, 2012
March 12, 2012 by · Leave a Comment
Welcome to Bizarro World. The place where everything is the opposite of what we know as normal. Maybe I am showing may age here again but as I read through some of my favorite news sources I just cant help but think how bizarre things are these days. For those that dont know what Bizzaro World [...]
EUR/USD FX Commentary Weekly wrap Up March 10, 2012
March 10, 2012 by · Leave a Comment
This is the default we were looking for. The ISDA did declare a credit event with the activation of Collective Action Clauses used to force the holdouts of Greek bond holders that were issued under Greek law. They needed a participation rate of 90% in order to activate the CACs in the original contract and [...]
Forex Commentary EUR/USD March 9, 2012
March 9, 2012 by · Leave a Comment
It sure seems like we may never see the end of the Greek PSI deal. Just how long can they keep postponing this? We are only 11 days from the maturity of 14 billion of Greek bonds that we all know they have no money to pay. Its going to take a small army of [...]
Live Forex Trade – March 6-8th EUR/USD Long
March 8, 2012 by · Leave a Comment
Here was a live forex trade setup we have on the EUR/USD that started to setup on March the 6th. This had a high probability of a being a mid week reversal point on the EUR/USD as it was all coming together on the intra day third push down, which was at the end of [...]
EUR/USD Forex Commentary March 8, 2012
March 8, 2012 by · 1 Comment
If there ever was a day that we should all take a break from the markets today would be one of the highest on my list. Not only is the Greek PSI deal release scheduled to come out around 11:00GMT which is enough right there to take a days vacation on but there is also [...]
FX Commentary EUR/USD March 7, 2012
March 7, 2012 by · Leave a Comment
Crunch time is at hand for the EUR/USD. More likely for the Euro all together. The hold outs are mounting up for a battle and the groups are getting bigger. With the Greek police pension fund joining. This release came from Reuters today. Most Greek pension funds holding Greek sovereign debt have agreed to take [...]
Forex EUR/USD, GBP/USD Commentary March 6, 2012
March 6, 2012 by · Leave a Comment
Time is ticking away for the festering pimple on the forehead of the world known as Greece. Dont get me wrong I have nothing against Greece but what I am sure of is most every sane person would agree that if we could have just went through the pain and popped it instead of let [...]
FX Commentary EUR/USD, GBP/USD March 5, 2012
March 5, 2012 by · Leave a Comment
This week is going to be rather busy for the EUR/USD considering the widely known deadline for the Greek PSI deal getting finished by March 8th in order to get all the paperwork in line and Greece get its chunk of cash to pay out the bonds that mature on March 20th. So far the [...]
EUR/USD Trade March 1, 2012
March 3, 2012 by · 2 Comments
Below is a video of one of the trades I took March 1st. The market has come off of a third level rise. Made a not so pretty topping formation and started the first level of reversal. Since we know the smart money pushes the markets in 3 levels I was only looking to short [...]
EUR/USD Forex Commentary March 2, 2012
March 2, 2012 by · Leave a Comment
“This is not the credit event you are looking for.” LOL Maybe I just gave away my age but I find it funny to see how the big banksters use the “force” trying to convince everyone that all is good and things are not what they appear to be. As most expected the ISDA has [...]
Forex Chart Patterns Analysis
March 1, 2012 by · 2 Comments
Here is a nice break down of how forex chart patterns are used to compress the limit orders of retail traders. Understanding where retail forex traders put their stops is essential to determining how the banks are trading or will trade at any given point. This video shows some past points of bank trading manipulation, [...]
FX EUR/USD Commentary March 1, 2012
March 1, 2012 by · Leave a Comment
Its looking like the decoupling theory is coming back folks. We had better than expected GDP numbers from the US, better Chicago PMI, Consumer confidence and lets not forget good old helicopter Ben said all is well in his testimony for Congress yesterday. Just before he got a tongue lashing from Ron Paul. You cant help but enjoy those [...]
( , but lot of experience. I had writted a couple of hundreds EA ad indicators with the same result….. You know what happened with the backtests. None of them is working ! Tested all of the famous strategies thought by brokers……….. The only site which is telling the truth is yours!!!!!!
Thanks a lot that is what I was looking for.
Forex Commentary EUR/USD, GBP/USD, EUR/JPY, GBP/JPY March 30, 2012
Well guys the markets did what I liked yesterday and we had the upside manipulation on both the EUR/USD and GBP/USD. I took the pound just as the Asian box was ending and managed 40 pips on the trade. I didnt like the Euro as much but it did end up moving nicely and a [...]