This week the Eur/Usd opened above the 1.5000 level which is above the strong resistance level that the pair has been around. Now that the price is above the 1.5000 that is the new support level to watch for another breakout move. Today is the last day of November and the close of today's trading session is important because if the price can hold above the 1.5000 price that will be a strong signal for more bullish price action for the month of December. If the price drops below 1.5000 that is a signal that the price could not hold that level. Read more »
Monthly Trade Opportunities: AUD/USD
At the end of the month I like to look for long term trade entries by looking at the monthly charts. There are two specific ones that we can look for possible entries. For long term trades that can be held as long as a month to a year long. These trades are easy to manage and they don't take much time and they can bring great profits. Read more »
New Community From Winners Edge Trading
Winners Edge Trading is excited to announce a new premium forex trading community. Our goal from the beginning has been to help traders and we have done so consistently to win the trust of many over time. Now we are taking it to the next level, a premium forex community with a live online trading room hosted by pro trader Michael Storm. Michael will be online during the NY Trading Session. In addition we are having a free giveaway to celebrate the grand opening (enter to win below). Read more »
The “BIG One That Got Away”
Greeting fellow traders, today I would like to discuss a really great trade that I (unfortunately) missed. I must confess it sort of broke my heart, but we must take comfort in the fact we cannot always capture every trade, but that MORE opportunities Will indeed present themselves in time. Read more »
Happy Thanksgiving From Winners Edge Trading
This is a holiday celebrated in the United States because the events that took place by the pilgrims play a significant role in the creation of this nation. I want to take this opportunity to share how thankful I am and count my blessings. Read more »
How To Manage Your Money When Trading The Forex Markets
Forex trading can be a very rewarding profession because you can start off with a relatively modest amount of capital and turn it into a considerable amount of money. However it should be pointed out that it's definitely not a get rich scheme. Read more »
Eur/Usd: Breakout Upwards
After trading in a range for the month of November, the Eur/Usd moved through the resistance of 1.5062 up to the 2009 high. This is bullish sign for the Euro indicating that the current trend will continue. Read more »
Gold and The US Dollar
Although long term I am very bullish on Gold I am not in the habit of buying things while they are trading at their all time highs. For as long as the Federal Reserve continues to print easy money the current rally will continue with equities and commodities (gold) rising and the $USD continuing to be devalued. Read more »
Eur/Usd: Major Euro Rally Today Price Stalls at 1.5000
News moves markets but trading the news can be a dangerous endeavor. This is because traders never know how the market will react to a certain news release. Many times the market will move before the news is released and then when the news is announced since the news was anticipated, the market will react in the exact opposite way, you thought that it would Read more »
The Set It and Forget It “Swing Trade”
Hello fellow traders. Today I would like to go over a “swing trade” I placed this week. For me, as a scalper who likes to take advantage of short term pockets of price movements, 8 to 9 hours is a LONG TERM swing! Take a look at the following chart of the GBP/JPY, it is a 1 hour candlestick chart and we can clearly see that within the 5 trading days shown…. We WERE in a tight consolidation range for a while, but then broke to the downside and now we have a downtrend in place: Read more »
