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Recent Posts
- Daily Forex Market Commentary EUR/USD, GBP/USD, EUR/JPY May 17,2012
- FX EUR/USD, GBP/USD, USD/JPY Daily Commentary May 16, 2012
- Forex Daily Market EUR/USD, GBP/USD, EUR/JPY Commentary May 15, 2012
- Forex Market Commentary EUR/USD, GBP/USD, EUR,JPY May 14, 2012
- Daily Forex EUR/USD, GBP/USD, EUR/GBP Commentary May 11, 2012
- EUR/GBP London Session Live Room Trade May 10, 2012
- Forex Market Daily Commentary EUR/USD, GBP/USD May 10, 2012
- Asian Range Stop Run Day Trade EUR/GBP May 9, 2012
- GBP/USD NY Reversal Trade Setup: May 7th 2012
- Forex Commentary EUR/USD, GBP/USD May 9, 2012
- FX Daily EUR/USD, GBP/USD, Commentary May 8, 2012
- Daily Forex EUR/USD, GBP/USD Commentary May 7, 2012
- Protecting Your Financial Future – Lesson’s From 1929
- EUR/USD, GBP/USD, EUR/JPY Daily Forex Commentary May 4, 2012
- FX Daily EUR/USD, GBP/USD Commentary May 3, 2012
- Daily Forex Commentary EUR/USD, GBP/USD, EUR/JPY, GBP/JPY May 2, 2012
- Forex Daily Commentary EUR/USD, GBP/USD, EUR/JPY May 1, 2012
- Daily Forex EUR/USD, GBP/USD, EUR/JPY Commentary April 30, 2012
- BOJ Monetary Policy Stop Run April 27th, 2012
- Forex Commentary EUR/USD, GBP/USD, GBP/JPY April 27, 2012
Archives
Author Archives: stersuhr
GBP/USD NY Reversal Trade Setup: May 7th 2012
Often times the difference between a profitable trader and one who struggles is dicipline and patience….two things people rarely look into when they try to learn to trade forex. I can’t say how many times I talk about it in … Continue reading
Protecting Your Financial Future – Lesson’s From 1929
Of all the forex training articles on this site, and of all the training videos….these may very well be the most important. Its been said that those who fail to learn from history are doomed to repeat history’s mistakes. The … Continue reading
BOJ Monetary Policy Stop Run April 27th, 2012
We had a few opportunities at the GBP/JPY today. I was a bit unfortunate getting stopped on the long from earlier today but that’s the way it goes on this one. After the BOJ announced further easing there was one last stop … Continue reading
Is The Forex Market Manipulated?
We received an email this week from a new member who asked some basic questions in regards to market manipulation. Essentially he wanted to know if this was a forex trading strategy that would “quit working” or will it stand … Continue reading
Forex Trend Trading Setups – Part 3: Timing Your Entries
Forex Trend Trading – Timing Is Key As a day trader, entry timing is a definite key to being successful. If you haven’t seen the first 2 training videos in this series I recommend viewing Forex Trend Trading – Is the Trend … Continue reading
1H Stop Run Reversal & Topping Formation – EUR/USD April 17th 2012
Live Forex Day Trade – EUR/USD Short Setup There was a nice trade setup we were mentioning in the forex forum & I also took a recording of the setup. Towards the end I cover some important topics in regards … Continue reading
NY Forex Reversal Trade – GBP/JPY April 16th 2012
Live Day Trade Short – GBP/JPY Before the large stop run to the downside there was an opportunity to take the GBP/JPY as it completed the topping formation. At this point the GBP/JPY had only give what looked like the … Continue reading
GBP/JPY Stop Run Reversal April 16th 2012
Live Forex Trade – GBP/JPY Stop Run Long The GBP/JPY gave us a nice stop run reversal at the end of what looked like the third push to the downside. I decided to close the trade sooner than I was … Continue reading
Live Forex Training Seminar – April 12th 2012
Hey Traders! First I would like to say thank you to everyone for the kind words and we truly hope the information was helpful. I’m sorry for anyone who couldn’t get in to watch the live training….the room was full … Continue reading
Forex Trend Trading Strategy – Part 2: Retail Trader Manipulation
In the first forex training video entitled Forex Trend Trading Strategy – Part 1: Is The Trend Your Friend we talked about how smart money tends to trend the price over the course of days. Understanding this is a huge … Continue reading
GBP/USD Smart Money Trend Reversal Setup – April 5th 2012
Coming into the NY session on the 5th it looked as though both the EUR/USD and USD/CHF had completed their 3 weekly push to the downside. What confirmed the timing of the reversal was the 3 cycles that formed intra- … Continue reading
Forex Trend Trading – Part 1: Is The Trend Your Friend?
Is the “trend your friend”? That’s a question I think everyone should answer based on their own experience. If your anything like most however, you probably find that you enter trades to late, don’t stay in long enough, or take … Continue reading
Stop Run Reversal On The USD/CHF 3/29/2012
I hope everyone had a great weekend! I wanted to get this trade posted because I think its a great example of how to use the stop run. If you really boil things down to the very basics you will … Continue reading
Can You Trade Forex With A Full Time Job?
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 … Continue reading
Live Forex Trade – March 6-8th EUR/USD Long
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 … Continue reading
Forex Chart Patterns Analysis
Here is a nice break down of how 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 … Continue reading
Non-Farm Payroll – Should You Trade Forex News?
The debate over trading forex news is something that has been around for a while, and now a days it gets a bit more attention. Many say that the markets reaction to economic data has become unpredictable and therefore you … Continue reading
Forex Bank Trading Strategy Introduction Video
Forex Bank Trading Strategy Introduction Video Continue reading
Forex Bank Trading Strategy Revealed – Forex Day Trading Strategy
Forex Bank Trading Strategy Anyone successful in the forex market will hands down agree there is no greater career one could have. The ability to work your own schedule, the freedom, and income potential is hard to match with any … Continue reading
Our Trading Beliefs & Philosophy At Day Trading Forex Live
Our Trading Beliefs & Philosophy at Day Trading Forex Live Over 7 years ago I began my career as a forex trader. I’m sure that my story in the forex market isn’t much different than anyone else reading this. Much … Continue reading
EUR/USD FX Trading Commentary – December 14, 2011
Hi all. Todays news events were somewhat muted. there was a rumor of S&P downgrading France that never happened. the rumor did make the euro surge lower but didnt have any real follow thru. There was also an Italian bond … Continue reading
EUR/USD Forex Commentary – December 13, 2011
Hi all. The euro acted as expected yesterday. I did have my timing a bit off and was stopped out +20 pips on my short but no biggie its still a good day. Considering we had the typical plethora of … Continue reading
Forex Day Trading Commentary EUR/USD December 12, 2011
I was obviously wrong about any optimism concerning the EZ summit. It seems just as the US market didnt buy into the BS neither did Asia or London/Europe for that matter. There were a couple of tape bombs as we … Continue reading
Learn To Trade Forex With Smart Money Part 3
In this forex trading course series covering how Smart Money (SM) trades in the currency market we have covered quite a bit of information. If you haven’t yet read the first two articles in the series entitled Learning to Trade … Continue reading
Learn To Trade Forex With Smart Money Part 2
In the first article of the series entitled Learn To Trade Forex With Smart Money – Part 1 we talked about how the retail trading sector is setup keep traders losing. We also discussed how this benefits the forex broker, … Continue reading
Posted in Forex Day Trading Strategies
Tagged currency trading strategy, day trading articles, EUR/CHF, forex broker, forex market, forex mentors, forex trader, forex trading strategies, forex trading strategy, forex trading techniques, learn to trade forex, learning to trade forex with smart money, live forex room
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Why Retail Forex Traders Are Predictable
Why Retail Forex Traders Are Predictable Long ago I realized a problem in the forex market. I realized this problem only after years of losing money, thousands of dollars lost, and numerous sleepless nights. This problem didnt just affect me … Continue reading
Live Forex Room Update October & 7/11/2011 Day Trade GBP/USD
Hey everyone! I hope trading is going well for you all. In this recent trade update we are going to wrap up last month and then get into the trade setup that we had today. October ended up with a … Continue reading
Forex Charts Patterns – Do They Increase Your Edge?
Forex chart patterns (increase your edge) Every one trading forex chart patterns knows that they have the potential to increase your edge. Every different chart pattern including triangles, bull and bear flags, Gartley patterns or any other common pattern, all … Continue reading
Learning To Day Trade With Smart Money GBP/USD Short 10/20/2011
Hey! I hope trading is going well for everyone. We’ve seen some nice moves the past few days and I thought I would cover something rather important in this recent trade update that I’ve never really touched on before. This … Continue reading
Live Forex Room Trades EUR/USD – Week Of 10/10/2011
Let’s get right into the first day trade we took in the forex room this week. The was a standard Jump Bar (JB). Again were not really focusing on the candle or bar but rather the median line. This median … Continue reading
BOE Asset Purchase 10/06/2011 GBP/USD
Identifying when consilidation is actually breaking in the forex market can be difficult. What we term the jump bar is one way of identifying that break. The jump bar uses a 1 Moving Average HL/2. The 1MA HL/2 very simply … Continue reading
Forex Day Trading Room 23/09/2011 EUR/CHF
Well I’m finally getting over being sick so I thought I would do a recap of the day trades taken in the forex day trading room this week. Overall we had quite a boring week as far as the NY … Continue reading
Channels, Triangles, And Trend Lines – Short Term Day Trading
Day trading channels, triangles, and trend lines has been around for a long time. These are standard chart patterns that many look for, and use in their day to day trading. As a forex trader we are always looking for … Continue reading
Weekly Update 16/09/2011 – Long Term Day Trade Setup EUR/CHF
Hey everyone. It’s been a while since the last trade update. I hope everyone is doing and trading well! This week was for me a “testing” week, and thus why I only took a few day trades. Over the last … Continue reading
Day Trading Forex News GBP/USD 26/08/2011
Today we had the intensely awaited speech from Ben Bernake. Forex traders everywhere were waiting on the words “QE3″ and they didn’t get it. Once this happened we saw equities sell off instantly. Both the EUR/USD and the GBP/USD went … Continue reading
EUR/USD Forex Trade Short 25/08/2011
Going into the NY session the trend was down and as you can see on the 5M chart above we have consecutive lower lows and lower highs. Again we were waiting for out standard volume based forex trading strategy to … Continue reading
Forex Volume Day Trading Entry GBP/USD 24/08/2011
The GBP/USD was already trending down slightly when coming into the trading room Tuesday. There was a small range that the market stayed in for close to an hour before finally breaking down. Normally those resistance channels, once broken…become resistance … Continue reading
Breakout Continuation Level – Day Trading The USD/CHF 19/08/2011
We will keep this day trade setup short and sweet. To begin we had a previous support level on the USD/CHF that broke and then became resistance. The market re-tested this previous support turned resistance, and it held nicely. The … Continue reading
Trend Line Test – Continuation Day Trade EUR/USD 18/08/2011
Sorry I didn’t get a chance to update the recent trades a little sooner. This week was a bit rough for us in the room. It was our first negative week in the day trading room in quite a while. … Continue reading
Forex Volume Day Trade – GBP/USD 15/08/2011
Coming into the forex room today both the EUR/USD and the GBP/USD had run 50 + pips. If you follow this blog you know a market that is already extended makes for difficult trading. It makes it hard to take … Continue reading
Posted in Recent Day Trades - Forex Trade Setups
Tagged day trade forex, Day Trading, day trading room, day trading strategy, day trading volume, eurusd, forex day trading strategy, forex education, forex room, forex trading strategy, forex trading system, forex volume, gbpusd, live forex trading room, trade forex live, trading room
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Forex Room End Of Week Wrap Up 12/08/2011
Above is a daily forex chart of the EUR/USD. Now I didn’t place this chart up here to illustrate a day trading setup, nor longer term setup. I posted this forex chart to illustrate the type of marketplace we have … Continue reading
GBP/USD Day Trading Entries 10/08/2011
Hey everyone. I hope trading is going well for everybody! Before we jump into the chart above from Wednesday let me just say that we ended the day -13 pips down on Tuesday. We were short the GBP/USD Tuesday before … Continue reading
Forex Day Trading Strategy – Day Trade Forex Volume
I’m excited to bring everyone our latest forex trading strategy! This day trading system is the culmination of a massive amount of effort. Over the last few months Chad (London Trader) and myself have spent a large amount of time … Continue reading
Posted in Old Articles
Tagged Day Trading, day trading room, day trading setup, day trading strategy, day trading system, forex brokers, forex course, forex market, forex room, forex system, forex trading room, forex trading strategy, forex volume, learning to trade forex, live forex room, price action
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Non-Farm Payroll – Trading Forex News GBP/USD 05/08/2011
Friday we had the infamous Non-Farm Payroll, and it came out slightly better than expected. As I mentioned in the forex room before the news came out we will often see the GBP/USD and EUR/USD spike in the opposite direction … Continue reading
Forex Volume Based Trend Reversal EUR/USD 04/08/2011
Thursday we had a bit of a slow day in the forex room because Trichet was speaking. Normally anything worth saying will be mentioned during the first part of the ECB Press Conference, and quite frankly nothing worth noting, and … Continue reading
Trend Continuation Forex Day Trade EUR/USD 03/08/2011
Hey everyone. Welcome back for another day of trading. I hope every one’s day trading is going good as well! Today we started off with some horrible stagnant price action in the forex market…..especially in the GBP/USD. Refer to your … Continue reading
Euro Day Trade Short 02/08/2011 – Live Forex Trade
Around the lows we missed an entry long. Unfortunatly the market had been trending to the downside and this trade gave the entry to go long right at resistance. I didn’t take this day trading setup because of this an … Continue reading
Day Trading Strategy – Forex Day Trade EUR/USD 01/08/2011
Well I’ve never been so irritated about making +30 pips on a trade lol:) Let’s get right into today’s day trade! As we came into the forex room for the NY session both the EUR/USD and the GBP/USD were falling. … Continue reading
Counter Trend Forex Day Trade EUR/USD 29/07/2011
Friday we only took one trade in the forex trading room. Unfortunately when the EUR/USD and the GBP/USD took off to the upside rather abruptly following the negative GDP forex news out of the US. Initially the GBP/USD and the … Continue reading
Volume Based Forex Trading 25th – 27th July 2011 EUR/USD & GBP/USD
The new forex trading system used on a daily basis in the forex trading room is volume based. However with any day trading setup there are always contributing factors that helped signify a change in direction, and thus the entry … Continue reading
New Forex Trading System EUR/USD 18/07/2011
Hey everyone, hope trading is going well! Last week we started trading our new forex trading strategy in the forex trading room. While we will continue to use all other forex trading strategies found on the site, this specific one … Continue reading
June Forex Trading Wrap Up – Start Of Day Trading For July
Well it’s been a few weeks since the last recent forex trade update. I’ve been a bit busy, but things have settled down and I wanted to update how trading finished up for June, as well as the start of … Continue reading
Forex Pre-News Sentiment Trade EUR/USD 21/06/2011
Today were just going to do a quick review of today’s trades from the forex room. The first trade of the day was a confirmation entry long on the GBP/USD. This day trade went it our favor around 15 pips, … Continue reading
Posted in Recent Day Trades - Forex Trade Setups
Tagged day trade, day trading strategy, eur/jpy, eurusd, forex education, forex market, forex trader, Forex Trading, forex trading strategy, forex trading system, forex training, fx trading strategy, gbpusd, learn to trade forex, pips, price action, trading strategy
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Forex News Trade – US Consumer Sentiment USD/JPY 17/06/2011
This week was one of the slowest weeks of forex trading we have had in the trading room in a very long time. It is extremely difficult to take a trade when the market has already moved coming into the … Continue reading
Posted in Recent Day Trades - Forex Trade Setups
Tagged Day Trading, economic data, economic news, eur/jpy, forex education, forex market, forex news, forex news trade, forex room, forex trade, Forex Trading, forex training, learn to trade forex, live forex day trading room, swing trade, trading room, US Consumer Sentiment, USD/JPY
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Forex Swing Trading Setup EUR/JPY 14/06/2011
Hey everyone, sorry it’s been a few days since I have been able to update the recent trades section. Monday we had two trades. One was a break even short trade on the USD/CHF, and the other was a long … Continue reading
Posted in Recent Day Trades - Forex Trade Setups
Tagged day trade, Day Trading, eur/jpy, eurusd, forex day trading, forex education, forex market, forex market correlation, forex trading room, forex trading strategies, forex training, GBP/JPY, gbpusd, greek debt, learn to trade forex, live forex room, Old Articles, reversal candlestick, USD/CHF, USD/JPY
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Breakout Confirmation Entry – Day Trading System
As a general rule of thumb, I never chase a breakout. Over the years I have found chasing breakouts to be a trading strategy that is overall negative. When they workout it can lead to a lot of profit! However … Continue reading
Posted in Old Articles
Tagged breakout strategy, candlestick, Day Trading, day trading setup, day trading strategy, forex course, forex day trading, forex education, forex market, forex trading room, forex trading strategy, forex training, fx trading strategy, Old Articles, trading room, trading strategy
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Forex Exhaustion Reversal Setup – Day Trading Strategy
High Risk Reward Day Trading Strategy As a day trader in the forex market you are always looking for high risk/reward (R/R) setups. However there is a balance between having a high R/R and your win loss ratio. As a … Continue reading
Posted in Old Articles
Tagged day trade, day trader, day trading strategy, forex course, forex day trading strategy, forex education, forex market, forex trading article, forex trading strategies, forex trading strategy, forex trading system, forex training, fx traders, fx trading strategy, live forex room, risk/reward
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Intra-Trend Day Trading Confirmation Entry EUR/USD 10/06/2011
After yesterday’s day trade during the ECB Press Conference it was important for me and the rest of the forex trading room to have a good day going into the weekend. It’s never good mentally when you do not recover … Continue reading
ECB Press Conference EUR/USD 09/06/2011
Thursday we had the ECB interest rate decision, and then the ECB Press Conference that follows at 8:30. As expected interest rates were left unchanged Thursday for the Euro zone, but then the press conference with Trichet that followed brought … Continue reading
Day Trade Entry On EUR/USD 08/06/2011
Here is yesterday’s trades. Throughout yesterday we had 2 setups in the forex trading room. The first trade never had any follow through and therefore we took an exit for -10 pips when it looked like it wasn’t going to … Continue reading
Forex Trading Strategy – Confirmation Entry USD/CHF 07/06/2011
Hey guys and gals….hope every one’s trading day went alright. Very strange day for us in the forex trading room this today. Half of the 6 pairs we watch were stuck in tight ranges of 25 pips or less and … Continue reading
New York Session Trend Continuation Day Trade GBP/USD 06/06/2011
We only took one trade in the forex room this morning, and it was a GBP/USD short. Unfortunately the price sputtered around for to long and we took a break even exit, only to later see it fall. Sometimes that’s … Continue reading
Day Trading Forex Confirmation Entry USD/JPY 03/06/2011
In the last post that covers Wednesday I talked about when the market comes into resistance or support. This chart shows very clearly what I mean by touching the body of the candle at resistance or support….in this case resistance. … Continue reading
Confirmation Entry Day Trade Short On The GBP/USD 01/06/2011
Wednesday was the start of the new month! Finally we saw some decent price action during the NY session which was a nice change from the last few weeks. Over the last few weeks NY has been nothing but choppy, … Continue reading
Trend Continuation Confirmation Entry GBP/JPY 27/05/2011
First I want to apologize for not doing any recent trade updates for the last week. I’ve been quite busy over the last week, however all is normal now and the trade updates will continue (3 to 5 of them … Continue reading
Forex Day Trading Confirmation Entry – EUR/USD 18/05/2011
Today turned out to be a pretty decent trading day in the forex trading room despite the large run coming into our trading session. There was a confirmation entry to go long on the GBP/USD right around 8AM EST this … Continue reading
Ascending Trendline Support Break – USD/CHF Day Trade 17/05/2011
Yet another day trade on the USD/CHF. Just seems like the USD/CHF has been the currency pair giving the best entry between the three forex pairs that we focus on (USD/CHF, GBP/USD, EUR/USD). This was a simple confirmation entry that … Continue reading
Major Intra-Day Support Day Trade USD/CHF 16/05/2011
Going into today’s NY session we had some very large moves. Seeing this price action prior to our session always makes for a tough day, and usually quite a boring day in the forex trading room. This was exactly the … Continue reading
Forex Trading Strategy – Day Trading Confirmation Entry GBP/USD 13/05/2011
The first day trading setup of the day was one that doesn’t occur very frequently. Additionally I do not have a forex trading article that covers this setup as of yet. Over the weekend I will try to quantify a … Continue reading
Day Trade Off Support GBP/JPY 12/05/2011
Here we had a nice setup on the GBP/JPY in the forex room on Thursday, unfortunately there was never more than 10 to 15 pips of follow through. Either way I would like to go through the setup because it … Continue reading
Large Risk/Reward Setup Off Support EUR/USD 11/05/2011
Today was a fairly boring day during our NY trading session. We only took one trade and it took a few hours for it to come together. Everything had been pushing towards USD strength when we came into the forex … Continue reading
Trend Continuation – Forex Day Trading Setup USD/CHF 10/05/2011
Seem like we have been hitting the USD/CHF a lot lately. Forex market correlation is very constant on a day to day basis in the forex market, however some pairs will give better entries than other’s and it just so … Continue reading
Breakout Continuation Forex Trading Strategy USD/CHF 09/05/2011
Today there were quite large moves in the forex market during the NY trading session. Unfortunately the fx market took off towards USD strength and never looked back. With the GBP/USD and the EUR/USD both falling aggressively, we expected further … Continue reading
Using Correlation To Day Trade The Forex Market
Whether you are trading equities, metals, of currency you need to be aware of correlations. Correlation is defined by one source as a, “mutual relation of two or more things, parts, etc”. In the forex market we see this type … Continue reading
Non-Farm Payroll – Day Trading Forex News Setups GBP/USD 06/05/2011
Today’s chart is going to be a bit more “crowded” than usual but it shows a few good examples of the forex trading strategy we use most frequently in the forex trading room. Well Friday as you all well know … Continue reading
ECB Press Conference Day Trade – USD/JPY Long 05/05/2011
Tuesday were pretty boring days in the forex trading room this week, and therefore not posted. The lack of day trading opportunities on those days was in part due to the large moves during the London session. Anytime I see … Continue reading
Two EUR/USD Shorts – High Risk/Reward Day Trade Setup 02/05/2011
Here we had 2 trades on the EUR/USD. One was a day trading confirmation entry short and the next was a high risk/reward trade setup that came together towards the end of our New York trading session. The first trade … Continue reading
USD/JPY & GBP/JPY Breakout Continuation Resistance 28/04/2011
Sorry I’m posting this one a little late. I got a little backed up on the recent trades section for last week, but here is Friday’s trades and I will do today’s trades right after this. Anyway to start off … Continue reading
USD/CHF Long – Day Trading Confirmation Entry 26/04/2011
We had a nice trade on the USD/CHF this morning in the forex room….could have taken a bit more out of it, but I tightened the stop loss to break even a little to quick and the last half of … Continue reading
Forex Market Holiday 22/04/2011
Hello Traders! As I mentioned yesterday I wanted to at least show up in the forex room and see what type of price action the forex market would offer today, being it is a banking holiday. During holiday’s the forex market will … Continue reading
Confirmation Entry Day Trades GBP/USD & EUR/JPY 21/04/2011
Early on in the trading session we had a day trading opportunity on the GBP/USD. The market came into resistance and then gave a nice confirmation entry down. However we didn’t see any follow through to the downside after the day trading … Continue reading
Forex Trading Strategy – Live Day Trade On The EUR/JPY 19/04/2011
Hey Fx traders! Today we have a nice little half position long on the EUR/JPY from 118.05 that is currently about +100 pips up as of writing this. I now have the stop loss moved to +40 pips and the final take … Continue reading
Day Trading Forex Strategy – Confirmation Entry
Day Trading Forex Strategy – Confirmation Entry, a simple strategy to trade forex on the intra-day chart. Learn to day trade with this easy to use fx trading strategy! Continue reading
Day Trading Confirmation Entry On The AUD/USD 18/04/2011
 At around 9:00 AM EST this morning, Standard & Poor put a “negative” outlook on the U.S AAA credit rating. As you might imagine this created a massive USD weakening effect initially that was most evident in the EUR/USD, GBP/USD, … Continue reading
Forex News Trading – US CPI Short Trade On The GBP/USD 15/04/2011
Overall today we took 3 day trades, and ended the day break even unfortunately. The first trade we took was right after the US CPI forex news release this morning. Core CPI came in -.1% worse than expected and then CPI Y/Y … Continue reading
Stop Run Reversal Day Trade & Confirmation Entry Long On The GBP/JPY 14/04/2011
When we first came into the fx trading room for the morning we had a nice stop run reversal setup on the EUR/USD. This trade was based off the 1H chart on the Euro. A stop run reversal setup in … Continue reading
Failed Day Trade On The GBP/USD Short 13/04/2011
Here we have a good example of a nice intra-trend continuation day trade. The GBP/USDhad been channeling for a few hours going into this trade. Normally I don’t like to take a day trade in a channel due to the fact that … Continue reading
Daily Resistance Confirmation Entry Short On The EUR/USD 12/04/2011
Here we had a nice short position on the EUR/USD that was coming off of the daily highs. If you look back around January 15th of 2010 you will see a previous swing high on the daily chart. More importantly … Continue reading
Managing Your Forex Trades – Trailing Stop Losses To Maxamize Profits
It’s been said that anyone can pick an entry, but knowing when to exit is what separates those who are consistently profitable from those who are not. Anyone that day trades in the Fx market knows this all to well. … Continue reading
Triple Top Confirmation Entry And Major Resistance Risk/Reward Setup GBP/USD 11/04/2011
 The chart above shows 2 of the 3 day trades taken today. One trade not shown was a EUR/USD confirmation entry long that we rode for +20 pips. Following that was a confirmation entry short on the GBP/USD that ended … Continue reading
Double Top Confirmation Entry Short On The USD/CHF 07/04/2011 & 08/04/2011
 Earlier on in the day Thursday we took a half position long on the EUR/USD based on Trichet’s speech and took a 40 pip hit. Fortunately this was only on a half position so it was -2% overall for … Continue reading
Forex Trade Setups – Day Trading Fx Trades 05/04/2011
 Our first trade of the day in the live trading room was a EUR/JPY long. As with any confirmation entry we are always looking for a clear level of support or resistance to take a trade from. As the market … Continue reading
GBP/JPY Forex Day Trading Confirmation Entry 04/04/2011
Today in the forex trading room we had a nice setup on the GBP/JPY to go long. This setup came together at about 8:45 AM EST I believe. Additionally at the same time the EUR/JPY was giving a similar setup which … Continue reading
Confirmation Entry Short On The USD/CHF 28/03/2011
Here is another great example of a fx trading strategy that we have been using with great success. As I said in the previous post I will updating the recent forex trades section of the website with confirmation pullback entry … Continue reading
Candlestick Confirmation Entry On The GBP/USD 3/26/2011
Here we have a great example of a confirmation pullback forex trading strategy. At point #1 on the chart we had a high and that was then marked as resistance. A few hours later the market came back up to … Continue reading
Forex Trading Strategy – Day Trading Confirmation Entry
Forex Day Trading Strategies – Confirmation Entry In a relatively short period of time most traders new to the forex market will gain the ability to know which direction the market should move overall, but as a forex day trader … Continue reading
GBP/USD Day Trade Short – Smart Money Trap Move
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 … Continue reading →