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Bullish NFP number but no trades for me today. Finally posting Wednesday and Thursday trades.
Firstly a big thank you to Travis for letting me know the site had briefly disappeared. A quick call to the webhost resolved the issue. USD bears may be reconsidering their positions after the very bullish NFP number today. Today there was nothing that...
Shorting the GBPUSD despite DXY weakness today
The GBPUSD could not sustain above its Asian session highs today. After the U.S. economic releases, the pair appeared to be rolling over and moving lower. This was despite the USD being weak today. Correlations were not very useful but a risk of 19 pips for a...
Shorting the GBPUSD on a day of USD strength
The recent rise in the GBPUSD makes one cautious when it comes to shorting the pair. After 4 lower highs today in advance of the U.S. session overlap a short was taking risking 16 pips for a potential 38 pips to our daily target at 1.4100. The idea was to take...
Trading the AUDUSD higher as the USD moves lower for a third day in a row
A fairly simple trade to begin the trading week. During the U.S. session overlap the AUDUSD moved higher, pulled back for a two candles and moved higher off its trendline. A long was taken risking 12 pips for a potential 25 pips to our daily target at .7917...
Long the USDJPY as the pair continues to move higher since testing 104.40
The USD has been showing strength versus the JPY since rebounding from a test of 104.40. Today the test would be the 105.50 level that would be telling. After initially moving lower early in the U.K. session the pair reversed higher and a long was taken...
Shorting the USDCAD to end a slow week of trading
The USD has been under pressure this week and so far 90.25 has held for the DXY. It’s been awhile since trading was as slow as it was this week. Ranges have been very subdued and Chair Powell’s dovish speech did little to attract USD bulls. Today the USD...
Shorting the AUDUSD as the DXY continues higher
The USD continued higher today and gold continued its move lower. A short was taken in the AUDUSD risking 11 pips for a potential 43 pips to our daily target at .7575 (not shown). Price moved lower stopping at the .7600 figure where it found some buyers,...
Short the USDCAD as WTI oil moved higher today for a second day in a row
It was an interesting way to begin the month of February with the USD, equities, bonds, gold and oil all moving higher yesterday. Today with equities up again, the USD was still able to move higher. Gold did not fare as well, but oil is continuing upward....
Shorting the USDCAD in advance of the North American session news
This pair typically trades well during the North American session because it’s the currencies of two trading partners in the same time zones. Today the pair set up nicely for a short two hours into the U.K. session… requiring risk of 14 pips for a potential...









