In today’s live trading session, we went over the current status of our pending trade setups, and then we discussed a possible head and shoulders for NZDCAD. The US Dollar Index (DXY) has yet to move from support at 93.40. The Dollar is stuck in the same spot as it was during yesterday’s live session. […]
In today’s live trading session, we determined our bias for the US Dollar Index (DXY), and then we found trade setups for EURUSD and GBPUSD. This morning we saw the DXY slip 0.38% to the downside and then hit the key level of 93.40. At this point, we do expect a small retracement back up, […]
Fed is prepared to use the tools that it has to foster achievement of its goals. – Jerome Powell Expected to keep policy interest rates near zero until inflation rises to 2%, and economy reaches maximum employment. Lets see what happens on Monday or Tuesday of Week 11.
In today’s live trading session, we went over how our trading week went and then we prepared for next week. This week taught our members a very important lesson. The lesson is that you need to be a sniper in the markets, not a machine gun. This week we looked at several potential trade setups. […]
In today’s live trading session, we went over the consolidation in the markets and how to trade it. We then went over our brief prediction for tomorrow’s NFP release. This morning we went over several examples of consolidation and indecision occurring in the markets. We first showed the US Dollar Index which has printed a […]
In today’s live trading session, we went over this morning’s ADP employment numbers and the current situation with the US Dollar Index. This morning the US economy released its ADP employment numbers. These numbers represent all the jobs created excluding the government and farming industry. The US economy printed a result of 749,000 versus a […]
In today’s live trading session, we went over our predictions for the NFP release and consequently, trade setups for the week. A new month is approaching and that means another NFP week. The current forecasts speculate the unemployment rate to drop from 8.4% to 8.2%. This should result in a stronger US Dollar as the […]
In today’s live trading session, we went over the trades we took this week, and then we completed technical analysis to prepare for next week. We had another great trading week as we were able to enter three solid trade setups that were all winners. Our first two trades were shorts for EURUSD and GBPUSD. […]
In today’s live trading session, we went over the profits made by our EURUSD trade. We then identified a possible entry for our USDCHF trade. During yesterday’s session, we finally received price action confirmation to enter short for EURUSD. Since then, the trade has fallen over +65 pips. We are expecting further downside as the […]
In today’s live trading session, we went over the profits made by our GBPUSD trade. We then talked about trade setups for USDCHF and EURUSD. Shortly after yesterday’s market close, we were able to get entry into our GBPUSD short setup. This trade was based on the current downtrend and the clearance of recent support. […]