Beautiful moves in the majors as we begin our abbreviated trading week.   There was very little economic news in the session and the USD began to weaken with the US traders.  All the majors moved well but the EUR offered the best entry.It's been a while since I've needed Target 3, but it came in handy as price exceeded our Target 2 with considerable strength.  This move was clearly visible with a tool that we use ( not shown......

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Nice to see positive economic numbers for the UK and US this session.  However, the US traders decided to push the EUR down to the Big Figure - 1.3000 once their news was out of the way.  We patiently waited for an entry short and were rewarded.  Some days you wait for hours and nothing seems to happen, other days once you enter the hours tick by with nothing happening, and then some days you are rewarded right away.  It's been......

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Slow tedious trading.  After a very active week last week, so far this week has been slow.  The AUD had difficulty rising above the Asian session high, which was also yesterday's high.  Once it began to roll over, we entered and hoped that we would be able to get to at least the Asian session low.  This was not the case!As the US traders began their day, the pair found sellers at the Asian session high each time it attempted to......

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A very active start to the UK session with the pairs moving quickly and getting away .  The NZD had been very active in the Asian session, quite similiar to the AUD trade we took last week.  We looked for signs that  it would reverse and entered long.  We were quickly rewarded but a very wicky candle formed within a half hour, so we tightened our "take profit"  and the trade closed the following candle - locking in 20 pips.Be......

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AUD set up well after an extended Asian session.  This is such a favourite trade setup of mine that I completely missed the GBP trade - oh well.The AUD was unable to climb above its Asian session highs for more than a pip or two and began to fade.  With a stop above the Asian session high and a greater that 3:1 Reward to Risk to our Target 2, we entered and took some heat for over an hour.  Price slowly rolled over and we had hoped......

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Much quieter session after yesterday's extended moves.  It really was hard to find a trade as the pairs just weren't moving or very convincing.  After the fourth lower high, the NZD looked like it would move down.  The stop loss was very affordable above the Asian session high, but if the third lower high was taken out, I would close out, as the US session and news was approaching.  Moving the stop loss to plus 1 pip took the......

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It's a beautiful trading day when everything aligns and works out.  There were several nice trade setups during the UK session.  The EUR looked convincing to the downside when all the news was behind us.An entry was taken short after price pushed hard down through the Asian session lows and closed below it.  Sellers had entered above the Asian session high not allowing price to exceed yesterday's high.  Price retested the Asian......

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Several of the majors set up nicely during the UK session, once the news was behind us.  The CHF looked best to me.  Not wanting to place a stop above yesterday's high, we chose to enter the trade with a stop a few pips above the Asian session high.  This trade worked out well - making it to and past our Targets 1 & 2. We exited as price pulled back to our Target 2.  As it turns out, price would go significantly lower without......

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Another very light economic news trading session.  The UK traders began to move the market in a very familiar pattern.  Both the CHF and EUR set up nicely at the same time.  The CHF offered a very small stop loss and a greater than 3:1 Reward to Risk to our Target 2.  The EUR stop loss was more twice what the CHF offered us and it did not have a 3:1 R:R setup.The move happened quickly and ended quickly as the UK traders wanted......

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Very light economic news session creates fairly lackluster trading.  The EUR had been moving up for 5 straight days and finally broke above the 1.3100 level only to sold off at 1.3120.  As price formed a lower high, rejecting yesterday's high, we go short at the figure with a stop just above the session high.  Price found buyers below the Asian session low, and we close the trade at this level in advance of the FOMC minutes - for modest......

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After an usually active Asian session, the UK traders immediately pushed the EUR down to its Asian session low.  This is one of my favourite times to find a trade setup - after the Asian session has been very active.  Unfortunately, I was unable to find a convincing entry to the upside and the trade got away from me.  However, extremely late in the trading session, with just an hour before the UK close, I found a long entry.  As......

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After an exceptionally large sell off in the GBP yesterday, we found an buying opportunity after the economic news release for the UK.Once price closed above the Asian session high following a couple of pullbacks on tests, we enter long with a stop just below yesterday's low.  Although a stop below the news candle spike would have been safer, it was too expensive a stop for us.Price began to move up and we protected ourselves in advance of the......

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Europe and the UK have moved to Daylight Savings Time. We begin April with a big sell off in the GBP, but I couldn't find an entry that met my minimum 3:1  Reward to Risk ratio to our Target 2.  The EUR didn't offer any entries either for me.  With a little patience the CHF set up nicely once all the European and GBP news was behind us. The CHF required a very small stop loss and a greater than 4:1 Reward to Risk ratio setup.  All......

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