The Eur/Usd move 88 pips from market open at 9:00 am until it's peak at 1:00 pm est time. That is not that big of a move today but you could have entered for a short profit. After the pair reversed around the1.4300 area.
We have been experiencing range trading conditions since July 15th when the pair crossed over to 1.4050 since that date the range has been 1.4050 to 1.4450 exactly 400 pip range. Now the pair is not always moving the full 400 pips. There is a smaller tighter range within the 4... Continue reading ...
Posted by Casey Stubbs on Saturday, August 29, 2009,
In :
Trade opportunities
Forex Trading
It is great to be able to write another post this week. I hope that this article will assist traders in getting an idea of how to trade this week.
The Eur/Usd traded in a small range last week. The trading analysis I wrote in last weeks post has not changed much, because the pair bounced off of the 1.4400 resistance level and the 1.4200 support level.
Since we were trading in such a tight range we should see a breakout soon, it might be this coming week or next week. One thing to n... Continue reading ...
Continuing on with our Time-based forex trading strategy, today I'm going to cover some goals that I would like the strategy to meet, as well as an overview of the components forming our trading strategy.
Many traders place too much importance on the entry signal or the "setup" for a trading strategy. A complete trading strategy is much more than just an entry signal. While the entry is important, we also need to consider factors such as money management, t... Continue reading ...
Posted by Casey Stubbs on Thursday, August 27, 2009,
In :
Awards
Winners Edge Trading is pleased to announce that we have been selected for membership of Forex Factory News (FFN). This new news team is a new system Forex Factory has put in place and I am honored and pleased that they chose Winners Edge Trading. The FFN is comprised of 11 other Forex news writers. We will continue to work hard to make sure that we are always putting out the best information, to give traders what they need to have success.
In the last article I talked about developing time-based trading strategies and I gave you a few ideas to think about. Sometimes you just need to see or read about a different way of looking at the markets for it to trigger some inspiration, so I hope the article provided some food for thought.
Eager to take up the challenge myself, on the weekend I spent an hour or so going back through the EUR/USD charts looking for possible trade strategies based on time. I'm ... Continue reading ...
We just had a good week trading the Eur/Usd and I think that we are headed for some more great moves coming this week and beyond. Yohay writes that forex trading slows down in the month of August and we should see some more volume in September.
On Monday we have key levels that the Eur/Usd will be challenging, and if we break the resistance levels we may see some big moves.
For resistance levels we have 1.4377, 1.4448 and 1.4721 both of those levels are key and if we see them broken we could se... Continue reading ...
I am excited to introduce all the readers of Winners Edge Trading to our new contributor Mark Thomas. He will be writing Forex Articles for this site along with me from now on. I have chosen Mark because he does his work and writing with excellence and that is what makes good Forex traders.
Here is Marks Bio:
Mark has been trading the forex markets for 5 years. Having worked internationally as a software developer of mission-critical business systems and other web applications for more than ...
Posted by Casey Stubbs on Wednesday, August 19, 2009,
In :
Trade opportunities
Thursday the world will be waiting for the U.S. Unemployment data as well as the manufacturing numbers. On the Technical side of things the pair is giving bullish signals.
We have a near term resistance level of 1.4272 and if the pair continues to move upwards past the resistance the target is 1.4435
The near term support levels are 1.4200, 1.4100 and 1.4045
Trade Plan:
Watch the first resistance level at 1.4272 at the start of the London Market if the pair breaks through that level enter long ... Continue reading ...
Posted by Casey Stubbs on Saturday, August 15, 2009,
In :
Trading Strategy
The trading strategies I have been sharing lately has been quite popular and many have been asking for more so, I am going to share a moving average strategy with a video.
This strategy is from Forex Strategy Secrets Revealed, this excellent website by Edward Revy has many great strategies he shares from this website I just discovered. There is also an excellent charting package available that has a great strategy built in and right now you can get an instant download for free.
Posted by Casey Stubbs on Wednesday, August 12, 2009,
In :
Economic News
The FOMC accounced today that the Economy is leveling off and that economic conditions have improved. This news impacted the currency market and the Dollar rallied as soon as the announcement was made. The Federal Reserve is doing everything possible to promote economic recovery.
Posted by Casey Stubbs on Wednesday, August 12, 2009,
In :
Product Review
Barry let me test his Forex Renewal System so I could do another product review. I admit that I am impressed this strategy is the real deal. I will share the basics but not give any details because then I would be giving the strategy away and I can't do that.
This is a very simple support and resistance strategy that anyone can use. I tested it for two weeks and I was successful every day except for two days and on those days I had a break even trade and one loss for 10 pips.
Getting ready for trading this week we see the Eur/Usd had a large pull back from the highs but was that just consolidating. One way to find out is to watch the .618 Fibonacci which is where the downward price moved to on Friday. That was at about 1.4166.
So keep your eye at the current support level and that will be an indicator as to which way the pair will move. We could see a bounce off of the fibo level or we could go through that to see more downward movement on the Euro. This could be ... Continue reading ...
Posted by Casey Stubbs on Saturday, August 8, 2009,
In :
Featured Currency
This article is in response to Mark Carlon's great Article titled Why the Dollar Will Get Stronger. While Mark had some excellent points I am not going to dispute his points I just want to add some additional points to consider as to why I think we will see continued Dollar weakness. 1. We The People
The problem with the Dollar is the people of the United States of America. Which I am one and while I am not smarter or better than anyone else I understand that our behavior has consequences. As l... Continue reading ...
Tuesday should be another good day for trading the Eur/Usd, What am I talking about every day is a good day for trading :)
We have seen some great upward price action for the Euro and the best traders always ride the trend until it stops. So we had some big gains yesterday and I look for them to continue. It appears that we have a bull flag forming which indicates more future gains.
The pending homes sales number should be a big news event today and I would think if there is good number there w... Continue reading ...
Friday ended with some bullish price action for the Euro. The previous high was 1.4302 so we should watch that level very closely. We could see some consolidation at this level or the pair could go through the last high off of the momentum on Friday and there could be an upward trend forming.
Either way watch the 1.4302 level because that is the key resistance level to watch on Monday. If the pair goes through the 1.4302 area the target is 1.4386. If the pair pulls back watch the p... Continue reading ...
I am married to a wonderful woman Deanna we have 5 children. I am a christian serving, The Lord Jesus with all my heart. I am involved in my church and take mission trips every year.
I have been trading since I was 18 when my dad taught me. I have traded stocks, options and forex. When I found forex I knew that I would never want to trade any of the others again.
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Winners Edge Trading. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Barry let me test his
Tuesday should be another good day for trading the Eur/Usd, What am I talking about every day is a good day for trading :)
