Why I don’t like Sunday/Monday trading

Sunday/Monday trading tends to be erratic – especially during the summer and holiday periods.  I prefer not to trade Sundays/Mondays because the setups have a lower probability of being successful…no point in starting the week off on the wrong foot.  After a week of...

Caution around news releases

Avoid trading around major news releases and Non-Farm Employment Change is a Big One! When I first asked my mentor a number of years ago, about trading around major news events, he told me, “not to stand in front of an oncoming locomotive”.  He trades in the tens of...
GBP sets up

GBP sets up

The GBP gave another very familiar setup overnight. If trading could only be this easy everyday… This is why it’s best to concentrate only on the majors in my opinion and get to know the nuances of their movement. Exotic pairs trade differently from the majors and...

Nice GBP move.

Happy Independence Day to America. The GBP moved down nicely overnight. Some trades are a lot easier than others. Questions are welcomed. Great trading! Michael Filed Under: Forex...

Canadian dollar moves with oil.

The CAD pair weakens with the move up in Oil.  The Canadian dollar strengthens on higher oil prices causing the US dollar to weaken in this pair.  Tighter ranges this week until Thursday with the holidays in Canada yesterday and the US tomorrow. Questions are always...