Forex Trade Signals and Setups Oct. 31st
EURUSD – Did Reality Set In? After three days of knocking on 1.3950, the EURUSD broke through the upside barriers with vigor, climbing 300pips in a matter of 16hrs. But then, it ran into resistance at 1.4250 where it triggered a pinbar signal. This gave our traders a great setup to short the pair with an almost 3-1 R:R. Perhaps this was the coup-de-grace, or perhaps people woke up to...
Read MoreTrading Lessons from the Archery Range pt. 2
Yesterday was the most interesting class at the range in the last year and a half. Not because it was the last class before I move to another country, but because of the exercise we practiced for an hour and a half. It required an absolute sense of awareness with one’s technique, feeling and positioning, but it required something else. It required one to go against temptation. The...
Read MoreForex Trade Signals and Setups Oct. 27th
Silver – Takes Out Key Resistance – More Upside? As we said two days ago in silver; “Silver is finally starting to wake up from its hibernation…We suspect an eventual upside break of the key resistance at $33.50 which has held the upside since the end of Sept. Once this breaks, we expect a quick move to $35.” This is exactly how it played out as once price had a...
Read MoreForex Trade Signals and Setups Oct. 25th
Silver – Up 10% in Last 5 Days Silver is finally starting to wake up from its hibernation as of late. It has been stuck in a paultry $29 – $33 range lately, however, we have started to see some some strong bullish price action climbing $1.50 in the last 8hrs. This should not be surprising silver has taken so long to start to become active. Why? Well, when the CME comes out of...
Read MoreForex Trade Signals and Setups Oct. 24th
AUDUSD – TKx Signal Plays Out Well As we blogged about last week on Oct. 18th, the AUDUSD formed a nice upward TKx signal which cued traders of another run to the upside. This is exactly as it has played out as the TKx Signal formed at 1.0289 and here we are over 170pips higher busting through the previous swing highs at 1.0370. The pair also formed a perfect breakout-retest of the...
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