Category Archives: Forex

Template Trade

I had to try putting my money where my mouth is and try a real bitcoin trade on my short term template just to prove to myself that it works on anything. The result was excellent as I expected. I … Continue reading

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Dollar Watch

The inflation numbers for the U.S. are still coming in weak and yet Duddly from the Fed is still pushing another rate hike in December. He said they will likely officially announce the balance sheet reduction in September. Markets are … Continue reading

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False Breakouts

I was listening to a trader the other day on a podcast. He said that he was never wrong with his trade’s, it’s just that his timing was off a bit. That made me laugh but it is true when … Continue reading

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Crypto’s Update

Quite a week for crypto’s. Some very interesting developments. A lot more to come. BTCUSD 2hr bitcoin had a good week. The second trending entry was added. This is a classic text book second entry setup. Running a bit rich … Continue reading

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Forex Of Interest

Lots of flat weekly kijun sen with swing wides and mean reversion. Great conditions for shorter term trading. If you try to punt in this type of condition you will get your face washed. Once I worked out that it … Continue reading

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Must See Video – ITM Trading’s Lynette Zang

The Global Unit of Account is now shifting from the USD to the SDR – ITM Trading’s Lynette Zang Source:itmtrading.com  

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Crypto’s Update

An interesting development occurred following SegWit. It turned out to be a soft fork as expected. Bitcoin cash price collapsed into the end of the week and sent BTCUSD into a breakout. This is a price action study. This is … Continue reading

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Post NFP Charts

Non-Farm payroll came in better than forecast. Have to see how things look next week. Just a quick charts of interest to wrap up for the week. It has been a good week. I am well ahead of my target … Continue reading

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USD Watch

There is a bit of data coming up to watch that concerns the $USD pairs. See how we look by next week. There is not a lot of confidence in the $USD right now but it is a bit over … Continue reading

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Trending Study Update

The copper trending trade has been stopped out for profit. Once I would have chased that second entry on the breakout, that was before I developed my rules. I would have been wondering why I took a loss. EURUSD 4hr/2hr … Continue reading

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