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A Look Back At Forex Trading – 4/19/06

Cable continued its climb today with solid movement. Last nights trading gives me an opportunity to discuss another key factor in our strategy. When we got up this morning we had already closed our smaller trade for 40 pips and had a mild pullback, we closed our second bigger trade at 1.7720 for only 35 [...]

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A Look Back At Forex Trading – 4/18/06

Cable final broke through the super resistance at 1.7600 yesterday. Even though we had a losing trade last night, I have to say I am glad to see that tight range behind us. Maybe now we will see a few prolonged and definable trends. If this is the case it will make it much easier [...]

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A Look Back At Forex Trading – 4/13/06

Hollywood made a movie about this market last year. It was about a couple of friends going to the Napa Valley for a wine tasting tour. ” Sideways”. Consolidation continues with trading in the established range. This has been a brutally tough market to make money in, but with patience and preparation, there are many [...]

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A Look Back At Forex Trading – 4/11/2006

It’s nights like last night that make all the analysis worthwhile. Although, trading should be completely unemotional, I am sure that we all feel that little boost of confidence when we nail a trade perfectly. Both our entry and exit were within 10 pips of the high and the low respectively. Feel free to surf [...]

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A Look Back At Forex Trading – 4/10/06

Well, another week of chart watching is coming up. I look forward to nailing these support and resistance levels again. As I will discuss later, it is important not to be lulled into a state of laziness due to the fact that we are near the same price levels again. Every night presents new support [...]

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A Look Back At Forex Trading – 4/7/06

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 night, while [...]

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