In today’s live trading session, we went over our predictions for the European Central Bank (ECB) rate statement. We then found trade setups for USDCHF and USDJPY. This week is the ECB rate statement which represents the interest rate decision for the European Union. Many of the forecasts indicate the rate will stay at 0.00%, […]
In today’s live trading session, we went over the trades we took this week to achieve +140 pips. We then determined two key setups to trade next week. As previously mentioned, Non-Farm Payroll week could go in two directions, full of life or relatively quiet except for volatility during the release. This week the situation […]
In today’s live trading session, we went over the possible setups we can take before tomorrow’s Non-Farm Payroll release. We then did a lesson on how to determine directional bias. This morning the US Dollar continued its dominance as the majors began to slip against the ‘old reliable’. GBPUSD is down almost 1.4% this week […]
In today’s live trading session, we went over the current status of our trades, and then we discussed today’s ADP employment numbers. During yesterday’s live session, we looked at several pairs containing the New Zealand Dollar. We determined a bullish bias for the pair as price action for NZDUSD indicated a next leg up. Based […]
In today’s live trading session, we went over the US manufacturing data that was released this morning. We then discussed a possible long setup for AUDJPY. This morning the Institute for Supply Management published its PMI result which is used as a leading indicator for economic health. The US economy published a result of 56.0 […]
In today’s live trading session, we went over our predictions for this week’s Non-Farm Payroll release. More importantly, we focused on the fate of the US Dollar and consequently the major currency pairs. As discussed last Friday, we have a bearish stance on the DXY. Since then the DXY has broken support at 92.10, and […]
In today’s live trading session, we went over how our trading week went. We then completed technical analysis to find several trade setups for next week. This week was slow and choppy due to the two-day Jackson Hole Symposium. But, that did not stop us from ending the week in profit. This week we were […]
In today’s live trading session, we went over Powell’s speech as well as our predictions for the US Dollar moving forward. We then found swing trades for GBPJPY and EURNZD. This morning Fed Jerome Powell spoke about his plans for the monetary policy. He suggested that rates should remain low to facilitate a staggering economy […]
In today’s live trading session, we went over our predictions for the Jackson Hole Symposium. We then found a sell setup for USDJPY. Tomorrow is the Jackson Hole Symposium which is an annual event sponsored by the Federal Reserve where members discuss major economic issues. The biggest issue facing the global economy is the ongoing […]
In today’s live trading session, we went over the profits made from our USDCAD intraday trades. We then found swing trade setups for EURNZD and AUDNZD. We decided to hold our USDCAD short from last week over the weekend because we were confident that USDCAD was looking to drop. That was a great decision on […]