Forex Tips and Tricks –  Keeping It
Simple To Be Successful

As mentioned a couple of week’s ago, our bias is to trade the EURUSD short… with the trend. It broke a very important technical level and we will continue to evaluate it daily for entry setups. On Wednesday after the U.K. open, the pair failed to stay above its...

The GBPUSD has been holding on to the technically significant 1.3550 area for over a week. With a stronger USD today coupled with the US 10 yr yield back above 3%… we saw a uniform move across the majors.   We entered the GBPUSD short risking 15 pips for a...

Trading has been interesting this week. With President Trump’s announcement regarding Iran, the USD has temporarily lost its momentum upward and crude oil (WTI) is above $70 for the time being. Israel is aggressively defending itself against attacks, which creates...

On Wednesday, the EURUSD moved up to begin the U.K. session but could not stay above a very important technical level. It then moved back down and traded sideways going into the U.S. open. A bearish engulfing candle set up our short entry…risking 15 pips for a...

I’m back from holidays and could not find any trade setups that I liked until Thursday. The market appears to have cooled off with most of the pairs trading tighter ranges than when I left at the end of March.   On Thursday a trading pattern set up on the...

A stronger USD this week and a particularly strong USD today. After the U.K. session got underway the USDJPY moved down and made a reversal pattern. A long was taken risking 15 pips for a potential 51 pips to our daily target at 106.06. Price moved up to its Asian...

President Trump introduced tariffs for China and now China will impose some tariffs on U.S. goods imported into China. The ECB seems to have dodged the tariffs from the President for the time being, but this still has the global stock markets rattled and dropping...

Beautiful EUR trade setup with a reward to risk ratio of near 6:1. This trade offered 2 entries with very little risk for either. With no European economic news releases of consequence, a trade short is taken after the wicky candles indicated the top was in place....

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...