Trading was rough on Tuesday with the pair I liked the most not giving anything clear (EUR/JPY) mainly because of some news that turned the market into a risk off scenario and the USD/JPY started south during the Asian session and never looked back. I did take the long on the GBP/USD and took a [...]
Stop Run Reversal On The USD/CHF 3/29/2012
April 1, 2012 by · Leave a Comment
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 be left with the stop run reversal. Ok, so that was a bit of an [...]
Breakout Continuation Level – Day Trading The USD/CHF 19/08/2011
August 22, 2011 by · Leave a Comment
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 USD/CHF again began to run down off this level. I want to give credit where [...]
Intra-Trend Day Trading Confirmation Entry EUR/USD 10/06/2011
June 10, 2011 by · Leave a Comment
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 a loss going into the weekend. This is exactly what we did! If someone is [...]
Day Trade Entry On EUR/USD 08/06/2011
June 9, 2011 by · Leave a Comment
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 move in our direction. The second trade of the day was a bit more clear [...]
Forex Trading Strategy – Confirmation Entry USD/CHF 07/06/2011
June 8, 2011 by · Leave a Comment
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 the USD/CHF broke correlation to the USD for most of the session. As a general [...]
Major Intra-Day Support Day Trade USD/CHF 16/05/2011
May 17, 2011 by · Leave a Comment
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 case with today’s forex trading session…..boring. When the fx market has ran a large amount [...]
Forex Trading Strategy – Day Trading Confirmation Entry GBP/USD 13/05/2011
May 14, 2011 by · Leave a Comment
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 set of rules for this specific trade setup and create a forex training article. Essentially [...]
Non-Farm Payroll – Day Trading Forex News Setups GBP/USD 06/05/2011
May 7, 2011 by · Leave a Comment
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 was Non-Farm day. The one day a month that is sure to produce price action [...]
Confirmation Entry Day Trades GBP/USD & EUR/JPY 21/04/2011
April 22, 2011 by · 1 Comment
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 entry, and this ended up -20 pips. Still and all I would like to go [...]
( , 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.
FX USD/CHF, EUR/USD, GBP/USD Commentary March 21, 2012
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 [...]