Jan 15, 2011

Trading the first week of the year is always exciting especially as we approach the non-farm payroll news release! Today’s suprising ADP Employment Data release did just that! We decided to reshort the USD/CAD yesterday from the parity level and set our stop-loss above the 1 Hour L7 sma. We held it throughout the news and made some nice points! Below is a...

Jan 4, 2011

Thanks to today’s New Releases including the FOMC Meetings Minutes, there was a good amount of movement in the markets today. We saw this pair get above parity for a brief period of time that ended once the announcement of more future Quantitative Easing(money printing) via the US’ Federal Reserve. That basically sealed the deal today for our...

Jan 3, 2011

Welcome to a New Year Traders! Today’s Trade of the Day was taken at the end of the London Session on USD/CAD using our 5 minute, 15 minute and 1 hour Formulas. We were able to take a positive +32 pip profit as we set our stop-loss at break even to allow the rest of the trade to come to higher levels. Below is a video summary explaining the entire trade...

Dec 30, 2010

Today’s combination of low market volume and US Unemployment Claims/ Pending Home Sales Data made for some interesting trading. We chose to trade this cross currency pair of GBP/JPY because both USD/JPY and GBP/USD were both oversold at the time. We were able to take some pips quickly and then we immediately set our stop-loss at break even for some...

Dec 29, 2010

In today’s trade room we took two excellent trades on the GBP/USD and EUR/JPY but the market also offered some nice opportunities in the commodity pairs of AUD/USD and USD/CAD as we discussed today. Our trade room discipline doesn’t allow us to take multiple positions, but nonetheless this setup presents a nice opportunity to understand...

Dec 28, 2010

12/29/10 Follow up: Today we closed our positions with a positive +75 pips profit as expected. We have included a follow up video and sets of photos, both in 1 hour and 5 minute charts to help explain the dynamics between the multiple timeframes. I’d like to welcome you all to the last trading week of 2010. Yesterday’s NY Market volume was the lowest...