trading

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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A Look Back At Forex Trading – 4/5/06

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 a fact [...]

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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 [...]

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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 [...]

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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 [...]

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