by Michael Bridgman | Oct 22, 2012 | Forex Tips
Taking advantage of Fed Powell’s remarks, coupled with a tight stop loss, a long was taken in the USDCAD risking 8 pips for a potential 38 pips to our daily target at 1.2390. Although the market has been anticipating the stimulus taper to begin this year and...
by Michael Bridgman | Oct 7, 2012 | Forex Tips
The USDCAD continues to be a rewarding pair to trade, along with its crosses and the GBPUSD. A short was taken today immediately after the Canadian Ivey PMI release risking 18 pips for a potential 75 pips to our daily target at 1.2498 (not shown). The idea was to take...
by Michael Bridgman | Aug 30, 2012 | Forex Tips
Very difficult to find a trade setup to take overnight. The EUR has been a little more active than the GBP this week but I could not find a safe entry. Some sessions the trade setups are simply not there and it’s better to avoid trading. The EUR dropped very...
by Michael Bridgman | Aug 28, 2012 | Forex Tips
The EUR offered up a very nice trade and this could also be confirmed by looking at the CHF. I prefer to trade the EUR as it typically moves more than the CHF. When lookiing at the EUR, it’s always a good idea to see if the CHF is moving inversely. Please see...
by Michael Bridgman | Aug 23, 2012 | Forex Tips
AUD trade looked good overnight as did the CAD. The AUD moved up as the UK session got underway and abruptly reversed. An entry is found on the second bearish candle – meeting our reward to risk ratio of 3:1. This is an extremely important first element to any...
