Forex Trade Signals and Setups Feb. 13th
EURUSD – Quite the Peculiar… After starting a pretty strong uptrend back on the 17th of Jan., price was hovering around 1.2650 before it launched up almost 700pips in less than a month gaining 66% of those days. Price then consolidated between 1.3040-ish and 1.3224 for 7 days but then broke out with a vigor suggesting likely sustained break which can be seen in the chart below. But...
Read MoreForex Trade Signals and Setups Feb. 6th
EURUSD – The Consolidation Continues As we wrote about last week, the range high for this consolidation has held and the Euro failed to make a higher high. Since then, we’ve really had a choppy range, but a playable one whereby buyers and sellers seem apt to play a back and forth rally between 1.3045 and just north of 1.3200 like an old Connors v. McEnroe match of the 1980′s...
Read MoreForex Trade Signals and Setups Jan 30th
EURUSD – Two Bar Trading Range As we talked about last week for the Euro, the key resistance level was around the 1.3200 area. Price closed last week right on this key level which was a prior swing low for Nov. last year which you can see in the chart below. For this week, it started the week off selling on the open suggesting there are willing sellers here as the market pretty much sold...
Read MoreForex Trade Signals and Setups Jan 24th
NOTE*** After a moto accident over the weekend (albeit a small one) along with the internet going out on the peninsula during the dark moon, I am back to writing posts as usual. Life tends to afford you a unique perspective on things when your about to hit a truck, but I guess I have several of my nine lives left (hopefully) so back to work I go. Also, I will be spending a little more time...
Read MoreForex Trade Signals and Setups Jan 16th
With the Martin Luther King holiday today, markets have been a snore with even the London session being somewhat sedated. Expect price action to pick up this upcoming London session, but should you take a trade in the current Asian session, be patient with your trade as volumes are low, so it make take a little extra clicks on the clock for your trade to progress (one way or the other. AUDUSD...
Read MoreForex Trade Signals and Setups Jan. 9th
Volumes and volatility levels are still down, both on a daily basis and also on an intraday hourly basis so we have to factor this into our trading. What does this mean? It translates into breakouts failing more often then not. It translates into trending moves not having enough steam and when they do carry, the pullbacks are more often than not. It also translates into smaller time...
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