There were several nice trade setups during the UK session and the GBP caught our eye for a refreshingly quick trade.  After failing to stay above the Asian session high, the pair quickly dropped allowing us a better than 3:1 Reward to Risk ratio trade setup to our Target 2.  Price dropped quickly through the Asian session low to our Target 1 and began to reverse.  We are in and out within an hour and done for the week. The US traders......

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The EUR was fairly active in Asian session.  The European traders pushed the EUR down hard as they began, and the UK traders brought it right back up, to set up their move to the downside.  We always look at a Daily chart first for perspective in advance of trading on a 15 minute chart.  There were 2 very clear signals for us that the EUR would most likely move down... and it did!I tend not to trade in front of major economic news......

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The majors have been moving well once US markets open. The CHF offered a better setup than the EUR during the session.  As the UK session got underway, price gyrated up and down testing breakout shorts, before it finally broke to the downside convincingly - setting up a 3:1 Reward to Risk ratio trade for us.  Price came back one more time to almost test the Asian session low before moving lower.As the US session approached, we removed the......

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It's nice to see some positive economic news come out of Britain.  Lots of news throughout the session creating some big moves.  After the GBP ran up without us being able to find an acceptable entry, we chose to short it when it showed signs of rolling over near our upside targets. The setup met our Reward to Risk minimum nicely with a 4:1 ratio.  In general we don't like to place stops  over 25 pips and this setup fit with a......

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CHF produces a tiny risk setup in advance of the ZEW release.  With an 9 pip stop loss, what's the worst that will happen?  The Asian session with very moderate with Japan on holiday.The UK traders began their session  first testing the Asian session low to lure in breakout sellers then reversed upward.  The CHF found sellers just below the top of the Asian range and we entered short.  The stop was so small that I didn't......

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There is lots of talk about the EUR, but we found a GBP trade just after the US economic releases.  It seemed like last week, the US traders were the dominant movers of the majors and today was no different.  The GBP formed a very wicky candle in advance of the US news, then began to decline right after it.  It almost reached its session low, but reversed and began a run toward its session high.  We closed the trade to protect......

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An awesome week for trading continued today.  It has been a little unusual that the big moves have been in the US session this week, but that is has been when most of the major news releases have occurred.  The UK traders have moved the market much less than their usual range.  The key has been to read the direction of the market, and not get stopped out for a loss, when the US news releases occur, or to enter the market after the......

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A similar trade to yesterday with the EURGBP showing lower highs and fading to the downside. This pair is a slow mover making it easier to trade than many pairs.  It is crossed with the GBP, so the pip value is approximately 1.5 times that of a USD cross.This trade set up with lower highs, and once we entered, our first hurdle was to get through the Asian session low.  Once price did, we removed the risk from the trade by placing our......

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With little news until the US session, the majors started moving as soon as the UK traders began their day.  The EUR and GBP required larger stop losses than my comfort zone, but the EURGBP allowed for a stop loss that just met our criterion of 3:1 Reward to Risk to our Target 2. The first hurdle for this trade was to make it through the Asian session low, once it did, the risk was taken out of the trade by moving the stop loss down, while allowing......

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A beautiful session to trade!  In North America we have moved to Daylight Savings Time which means the UK session starts one hour later for us, until the end of the month, when the UK and Europe switch over too.Last week, all the news releases throughout the trading sessions, made for a very difficult and volatile trading week.  This was capped off with NFP on Friday - a day we do not trade.There were many nice setups during the UK session......

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With so much news all session long, the volatility made for a near impossible scenario to make a profit.  The best approach would have been to take the day off.  I saw a nice entry which required a small initial stop loss.  The trade went positive, but retraced to a slightly negative position just after an hour, before going positive one more time.  After moving the stop loss to plus one pip in advance of the major US......

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There were several nice trade setups during the UK session to choose from.  I liked the EUR best because it had a greater than 5:1 Reward to Risk.  The stop loss on this trade was about 11 pips for a potential 62 pips to our Target 2.  We closed the trade just above our Target 1 to lock in 45 pips. I always move my "take profit" level down as a trade progresses.  Once the risk is out of the trade and you have locked in some profit......

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This is potentially a very volatile week with so many significant economic news releases each day.  We will not trade Non-Farm Employment / NFP Friday. I was hoping for some nice trade setups during the UK session, but couldn't find any.  As the US session got underway, the higher lows on the EURGBP caught my attention.  This pair had dropped rapidly with the UK economic release earlier in the session and now was beginning to retrace......

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The first day of March concludes one of the most difficult to trade and volatile trading weeks that I have seen in awhile. With very little significant European economic news, the market used the British Manufacturing PMI as the catalyst for some very large moves to end the trading week. The GBP exploded to the downside in advance of the release...hmmm... and more than doubled that move after the release. The EUR being quite tame by comparison offered......

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