Archive for April, 2012

Stupid is as Stupid Does by Boris Schlossberg

Apr 29 2012

This is a great article by Boris Schlossberg, Heads of Global Research for Global Forex Trading. I came across it in my email this morning and I had to share, it’s worth a read. “This week an article in the Wall Street Journal went viral in the FX world as it…

The US Dollar should have a HUGE reaction to Wednesday’s Fed meeting

Apr 23 2012

Remember traders alike are waiting to see what kind of involvement the Fed will have moving forward, this is why the US Dollar (the counter currency for almost all pairs we trade) is nearly at a standstill, the coming news is too important for any major break outs or trending…

Karate Chop Markets

Apr 19 2012

The markets have been nothing short of crazy these last several days while everyone (all the big money) waits to see what the FOMC will come up with next week… More QE3 or not.  While the markets eagerly await this information we’re getting chopped around like like the tough guy…

EUR/USD Update

Apr 18 2012

So we have the AUD/USD and the EUR/USD that are about ready to EXPLODE through one of these levels.  We have some short term levels that should preface a much more important break out.  Have a look at the chart below and be ready for the move.  As I say…

AUD/USD Update

Apr 18 2012

The AUD/USD has a very nice little channel in the works (45 pip channel) and I can’t imagine it is far away from a nice break out of those levels.  I don’t have much of a preference at this point on direction so an entry above/below those levels should produce…

GBP/USD and EUR/USD Update, IMPORTANT LEVELS

Apr 15 2012

As you guys know I’ve been talking about the “pre-summer” movement for a week or so, this is the big push the market typically makes before we settle into the summer channel.  These runs can be big and this is usually the time that major levels of support/resistance are broken.…

Try Something New For 30 Days

Apr 13 2012

I came across this short 3 minute video on TED.com if you’re not familiar with the site I highly recommend you start visiting it, there’s great stuff there. OK, by the name of the post and video you can tell this is going to be about goal setting and all that…