By admin on September 6, 2010
We will once again look to the super resistance level @ 1.7600, to protect our trades. We took an aggressive look last night, on split sentiment amongst ourselves, and as usual the less aggressive or more conservative traders won the day.
They won the day big, some of them captured 120 pips last [...]
Posted in Making Money | Tagged 4706, a, at, back, forex, look, trading
By admin on August 30, 2010
We have been lucky over the past few weeks to be able to tell you about our good trade nights, well today we will tell you about a bad one. Personally I was stopped out of both of my trades last night for a 80 pip loss.
While it is not pleasant, it’s [...]
Posted in Making Money | Tagged 4506, a, at, back, forex, look, trading
By admin on August 29, 2010
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 [...]
Posted in Making Money | Tagged 40406, a, at, back, forex, look, trading
By admin on August 25, 2010
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 [...]
Posted in Making Money | Tagged 4306, a, at, back, forex, look, trading
By admin on August 16, 2010
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 [...]
Posted in Making Money | Tagged 33106, and, black, forex, in, newsletter, trading, white
By admin on August 12, 2010
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 [...]
Posted in Making Money | Tagged 33006, and, black, forex, in, newsletter, trading, white
By admin on August 8, 2010
I understand that hindsight is 20/20, but I believe that there is still a great deal to be learned by looking back at Forex trading. Although this article was written ahead of the trading action I am going to discuss, by the time you read this the trading activity which we’re discussing will have already [...]
Posted in Making Money | Tagged 32706, a, at, back, forex, look, trading
By admin on August 8, 2010
We are starting to sound like a broken record, but Cable is in a very tight trading range. It is really difficult to make profit targets when the daily range is less then 50 Pips.
For most of the day it was less than 40 pips. With that said, once again we [...]
Posted in Making Money | Tagged 32806, a, at, back, forex, look, trading
By admin on August 8, 2010
Due to the overwhelming success of my last look back at Forex trading, I am releasing another. There will be a new released every day, except weekends, so you could continue to look back at how we find great trading levels.
We are firmly in a downtrend from 1.7593, and longer term from 1.7933. We [...]
Posted in Making Money | Tagged 32406, a, at, back, forex, look, trading
