forex
A Look Back At Forex Trading – 4/04/06
Last night is what we call a good no trade night. Remember taking no trade is taking a position, and often the safest position. We had several good reasons to take a short position around 1.7360. Unfortunately the market just dropped, all night, never taking the bounce up we look for our entry. In the [...]
A Look Back At Forex Trading – 4/3/06
Looking at Friday’s trades reminds me of the importance of multiple technical indictors. When I was writing Friday’s newsletter, I spoke of several indicators, which lead me to believe Cable was going down. Lets review: First we would like to decide if the up swing will continue or not, and looking at the 1 hour [...]
Trading In Black And White Forex Trading Newsletter – 3/31/06
It looked as though our levels last night were right on, that is until 9:00 and the release of the GDP report. Cable spiked up 91 pips in the next hour, which is exactly why we tell our traders to get out of trades 30 minutes before news and not to get back in until [...]
Trading In Black And White Forex Trading Newsletter – 3/30/06
So, hopefully, you have been keeping up with my looks back on the Forex markets. Forex trading, like any other skill, can be improved with research and education. That being said, the greatest asset for research is hindsight. Remember, in Forex trading, history tends to repeat itself. It is this fact that we will try [...]