Forex Tips and Tricks –  Keeping It
Simple To Be Successful

The major event risk for the week was the outcome of the U.S. mid-term elections. The market was not caught off guard, as it had anticipated a divided Congress with a Republican Senate majority and a Democratic House of Representatives majority. The U.S. economy...

Traders have been awaiting the results for the U.S. mid-term elections. The EURUSD oscillated up and down today in a fairly subdued range.   The pair made a higher lower with a bullish engulfing candle closing back within its Asian range and an entry long was...

I am not a EURUSD bull and find it hard to make a case for not shorting the pair when it sets up. Some concerns that continue to weigh on the euro include who down the road will replace Angela Merkel in Germany, Brexit outcome, Italian budget, and moderate growth...

The USD strength continued today and the EURUSD and the GBPUSD both moved down. We are a week away from the U.S. midterm elections.   As the GBPUSD began to move down in the U.S. session today, a short was taken risking 17 pips for a potential 46 pips to our...

The EURUSD formed a double top today and dropped back into its Asian range in advance of the U.S. open. Risking 17 pips for a potential 65 pips to our daily target at 1.1334 we entered short. As price moved down we moved our stop loss to plus 1 as the U.S. market...

When the markets are anxious “risk off sentiment” money flows tend to move toward the yen, Swiss franc and gold. Equity markets can be seen as an indicator of fear and greed. The U.S. equity markets sold off on Wednesday erasing gains for 2018. On Thursday the...

The USD has been stronger the past two days. ECB President Mario Draghi gave the market very little new information today and reiterated the obvious Brexit and Italy concerns weighing on the Euro. Equity markets sold off heavily yesterday and are attempting a...

The FOMC meeting yesterday confirmed that the U.S. economy continues to be very strong and the concern centers on how many more rate increases will be necessary to strategically slow it down.   Today the EURJPY spent some time stay above its Asian high but...

The market has not offered many trade setups that I have wanted to participate in the past couple of weeks. The ones that have been appealing have produced less than they usually would.   Today the market seemed to align itself once again with some moderate...