New Trade Ideas
There are a few updates over at my home on FXStreet.com.
GBP/USD 4hr Idea
Another idea on the books over at Postcards from the Right Edge. It's another support and resistance idea on the GBP/USD.
AUD/USD Trade Idea
New support / resistance trade idea on the AUD/USD over the blog at FXStreet.com:
http://postcards.fxstreet.com/
It's good to be back home after weeks of traveling and I am excited to update you on some other things this week.
New S/R Trade Idea for GBP/USD
There's another support and resistance trade idea over at Harry's place. Click here to check it out.
New Trade Idea: CADJPY
There's a new trade idea sitting over on the Harry Banes blog. Click here to see it.
The Pip Product of the Year?
Not a real product, but the Pip Blind 3000 is real funny.
5 Secrets of Trend Trading
On Tuesday, October 31, I will be doing a live chat on FXstreet.com about trend trading.
You can sign up by clicking here.
In this same space, but not until Tuesday, October 31, I'll be posting a podcast of the presentation as well as a video update.
Over the Impeccable Hedge?
One of my students and good friends, Michal Kreslik, is a brilliant analyst and has come up with a fascinating article about what he calls the "Impeccable Hedge." He has an excellent entry in his trading forum about the hedge trade and you can find it here:
http://kreslik.com/forums/viewtopic.php?t=307
Michal knows his stuff and what he is talking about here is one very promising method for determining a currency pair'sfair value, or actual value, in the very short term. It's thought provoking and worth the time it takes to read. Enjoy!
GBPJPY Ready for a Fall?
I think the GBP/JPY is ready for a pullback - it has been on a savage climb for a long time now, and I think we could see a fall as far down as 221.50 and then, if that level is broken, I think we could see 220.50.
We're bucking the trend on this one, but every impulse has a correction. Every trend has a pullback. Every thing has another thing that is an opposite thing to the first thing.
I'm in the trade now and keeping a stop at 222.50. I am going to hold on for 220.50, and only move my stop to break even if we can get down to 221.50 or so.
62 EMA still working? Steffan speaks out.
Steffan Daffentrouser asked a great question in the fxstreet chat this morning. He asked: Is the 62 EMA still working ok on the 15 minute chart? And my answer is that yes, it is true, Steffan Daffentrouser is the best name ever and I am going to legally change my name (it was actually the name of the first European Central Bank president nominee, but he was never confirmed when it was revealed that he was actually a woman. Click here to see a photo of her).
Here is a chart that shows the 62 EMA on the 15 min GBP/USD from this morning. Cilck on the chart to make it bigger.
Continue reading "62 EMA still working? Steffan speaks out." »
Got Zloty?
There are a zillion ways to trade. We overlook a lot of opportunities to focus on pairs that no one else is watching -- or at least very few people are watching. If I could show you the research from an investment bank, you would see them preparing trade ideas for some of the more exotic currencies: the zloty, the NOK, the rand. And that's just for starters.
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