January 6, 2009 · 1 Comment
Two gap trades still open. The second leg of the JPY gap trade is up +172 pips. The second leg of the CHF gap trade is still going with a current profit of +340 pips. If these two pair continue to move further into profit, we will have to closes these trades out on Friday. The USD/JPY has a pending short pivot trade. The EUR/USD has a pending pivot short trade and a pending long trade. The GBP/USD has a pending long pivot trade. There is a pending long and short pivot trade in the USD/CHF. There are no significant news... [Read the full story]
December 27, 2008 · Leave a Comment
For those of you that know me, you know that I like to trade inside bars. I believe that inside bars have an edge that can be traded to make money in the Forex market. Recently, I read an article about a setup that used inside bars. The setup looked for three higher highs, three higher closes, and then an inside bar to trigger a long trade. When trading to the down side the set was the opposite, looking for three lower lows, three lower closes, and an inside bar. We tested this idea on the day and four hour time frame. We... [Read the full story]
January 3, 2009 · Leave a Comment
Well it’s still kind of a holiday week for much of the world, but a new year is starting and the hope is that maybe by the end of 2009 some steady and permanent progress can be made. But this is the time of the year that most banks and governments try not to release financial data, opting to wait for a less holiday hectic time when the industry will be back to a more normal pace. If you thought last week’s report was refreshingly brief, there were only a handful of major reports released this past week, with... [Read the full story]
July 2, 2008 · 3 Comments
The Daily Dividend Portfolio is a group of currency pairs at are net interest positive. By holding this portfolio you receive daily interest along with any appreciation that occurs in the currency pair. The key to this strategy is knowing which pairs should be in your portfolio as not all interest positive pairs will qualify. In the Daily Dividend Portfolio, you have access to which pairs we are holding, which pairs to buy and when, and which pairs to sell and when to sell them. We also track our profit and loss, including our... [Read the full story]
January 4 - 9, 2009 Date Time* Currency Event Actual Forecast Previous Mon Jan 5 04:30 AM EUR... [Read more]
Moving averages are one of the most basic and widely used series of indicators by technical analysts of the Forex market. Moving averages are used to confirm existing trends,... [Read more]