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...
by Michael Bridgman | Aug 22, 2012 | Forex Tips
Low volumes and holidays are making it difficult to find good trade setups in the majors. The AUD looked best with a low risk entry, but did not produce many pips. September will bring volume back to the markets so be patient and careful in the meantime. Let’s see...
by Michael Bridgman | Jul 31, 2012 | Forex Tips
Be careful trading at the end of the month or end of a quarter. The GBP had a nice move down overnight before reversing sharply to the upside. After hitting Target 1 there was a long lower wick, followed by a bullish candle with another longish lower wick. This...
by Michael Bridgman | Jul 27, 2012 | Forex Tips
After a wonderful Thursday, there were no clear setups for me in the majors overnight. It’s never a good idea to give back your money after a great day of trading, by taking a poor setup. Stick to the rules and be rewarded. As I don’t like Sunday/Monday trading, my...
by Michael Bridgman | Jul 26, 2012 | Forex Tips
It is always nice to have one of these parabolic moves. After the intial breakout move the GBP pulls back then gives us a safe long entry and hits both our targets. Today the market is very generous. Great trading everyone! Let’s see what tomorrow brings...
by Michael Bridgman | Jul 25, 2012 | Forex Tips
The EUR looked better than the GBP last night. Although the Reward to Risk was not great, the trade worked out with little risk as the stop was quickly moved up to protect profits. Questions welcomed. Good luck in your trading....
