Forex Trading Journal

I am going to start an online Forex Trading Journal that will be a public log of every trade I make. There are a couple of reasons I am going to start posting my trades here on the Winners Edge Trading blog. Read more »

Usdjpy Technical Analysis and Trading Opportunities

The Yen crosses sure have been interesting to trade and watch, especially over the past few days. I find that getting a grasp of the general direction on the usdjpy will often give clues regarding upcoming trading opportunities on the other , often more interesting yen crosses. It also acts as a guide for me when they are not moving as uniformly as they often do. I know we are almost at the end of the trading week, but I have noticed an interesting technical trade setup on the usdjpy. The daily chart below shows clearly, an important juncture at which the usdjpy has arrived. This is daily trying to confirm a bearish reversal by retesting the trendline that it broke through a few days ago. If I am correct, this could be the extension leg of the move downwards Read more »

Usd/Chf: Shooting Star

There is a shooting star candlestick formation on the daily chart on the Usd/Chf. This candle signal indicates that buyers have temporarily run out of steam on the daily chart. If the current candle closes lower than the previous candle then that would be a great sell Read more »

EUR/JPY: A Technical Analysis

20:38 24/05/2010 As Casey has his favourite pair (EUR/USD) so I have mine. As a scalper I see the EUR/JPY, with it's constant volatility, as a veritable cash machine. I look at five time frames altogether with this pair..... Read more »

Wacky Wednesdays, Freaky Fridays…

Wow! what was last week all about? One of those times when we really should sit on our hands and (in the words of the late John Lennon) "watch the wheels go round and round... no longer sitting on the Merry-Go-Round" instead of trading. Read more »