The live room sessions are mainly for education purposes but its is nice when we see trades occur during them. This one on the EUR/GBP was during the London session on Thursday May 10th. The main pairs I watch were not setting up the way I liked and just like what happened on Wednesday the [...]
Asian Range Stop Run Day Trade EUR/GBP May 9, 2012
May 10, 2012 by · Leave a Comment
Here is a classic Asian range stop run trade that we see on a regular basis. The EUR/USD was doing a whole lot of nothing during the London session while the GBP/USD ran off with out providing a safe entry. In a situation like this there are still trades to be found as long as [...]
GBP/USD NY Reversal Trade Setup: May 7th 2012
May 9, 2012 by · Leave a Comment
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 the forex room, but yet most overlook it. I mean after all isn’t the strategy [...]
EUR/USD, EUR/JPY Short Trade April 5, 2012
April 6, 2012 by · Leave a Comment
As I mentioned in the April 5th forex commentary we were only looking for the short here. I was expecting more of the retracement before the trade but I saw they were trapping long positions during the Asian session and took an aggressive entry on the EUR/JPY using the USD/JPY correlation as I was thinking it [...]
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 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 & [...]
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 [...]
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EUR/USD Day Trade Long March 26, 2012
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 [...]