Trade Review

EUR/USD killed me today. I was having fun buying 1.1380s and selling 5 to 6 pips higher but as usual, the market reminded me that buying dips when momentum is on the other side is like picking pennies in front of a steamroller. I did think EUR would be bid …

Yesterday, I highlighted that USD was bid during the North American session and was offered in the Asian session. That is still the case today. USDJPY is trading around 110. It is below it is daily pivot (110.12) and I see it hitting at least the first resistance at 109.80. Today, …

I lose money when I do not follow my strategy/system/rules. Going into the Asian session on Wednesday, June 27, 2018, USD was bid the whole North American session. It was relentless, flow going one way. Desks must have been paid all day. I participated in the move. I had a …

Tuesday’s trading session was as exciting as the volatile FX markets can be. The Euro caught a bid on a rumor reported through Bloomberg that the ECB is said to see June 14 as a live meeting to debate the QE exit. I was fully loaded trading USDCAD but couldn’t …

Monday is a holiday here in Canada. Happy Victoria Day! Usually, I do not trade much Sunday night. I do prepare for the week ahead. I read some research and look at charts. But I opened up my charts and liked the action. I went long $USDJPY at 111.82 (Daily …