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Browsing Archive: December, 2009
Posted by Casey Stubbs on Thursday, December 31, 2009,
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Special
 I am a man of vision, I like looking forward and moving forward towards our purpose ,which is to help traders make money. However it is important to look back and evaluate what has taken place. We do this to find what works and what doesn't. My Friend Yohay from Forex Crunch did a best of 2009 post, I enjoyed that post so I thought that would be of great value to my readers. Before I get to that I want to thank everyone that has made 2009 a fantastic first year for Winners Edge Trading. Winner... Continue reading ...
Posted by Michael Storm on Tuesday, December 29, 2009,
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Michael Storm
 Michael Storm-- Follow Michael on Twitter Take advantage of “down-time”. There is not much going on right now. We are in a low liquidity period, wedged between 2 holidays here in the US, we are in the “doldrums” time frame, just like the stock market between 12-2 pm. Why not take advantage of rest, reading a good trading book, sharpening your computer up, etc… This is a great time for taking care of all kinds of stuff that normally doesn’t get done around your home too. Do what... Continue reading ...
 To all of my friends and readers of Winners Edge Trading we wish you a happy holiday season and hope that you all enjoy the time to spend with family and friends. We will not be posting until this weekend as we are going to be spending time with our families as well. The Eur/Usd has had little action in light volume due to the Christmas Season. The pair recently bounced off of the bottom of the downward moving trendline drawn on the daily chart. The current downward trendline is very steep at... Continue reading ...
Yesterday I posted an outlook on the Eur/Usd, today I want to go a bit more in depth with the pair by looking at the daily charts. The first thing I noticed when looking long term is the Fibonacci retracement level all the way from the beginning of this up move back when the price was 1.2464 that the .382 level is around 1.4119 area. We are getting near that level now so that could be a major area of support that the Dollar must contend with for this bullish move. Daily Chart *note click on ... Continue reading ...
The Dollar has not slowed down in its climb verses the Euro this week. This weeks trading is moving right at a pace for moving back to the 1.4000 level. The only problem with that is that there has been no retracement on this current down move. Nothing can go straight down forever so we should get a pull back soon. Right now by looking at the 4hr chart we can see a slight pull back has started. The current resistance is at around 1.4400, look for the pair to rebound to that level before cont... Continue reading ...
Posted by Casey Stubbs on Saturday, December 19, 2009,
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Michael Storm
 By Michael Storm aka robinhood. -- Follow Michael on Twitter This is a good question that perhaps some wrestle with or have questions about. Lets examine this closely from a Biblical perspective. Our first and last stop will be…The Bible (all quotations are from the authorized King James version of the Holy Bible). There is nothing like the Scriptures to clear up our understanding. The word “trade” appears 5 times in the scriptures and is in reference to a person’s occupation. As ... Continue reading ...
Posted by Casey Stubbs on Wednesday, December 16, 2009,
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Special
 Tim Black -- Follow Tim On TwitterI’m a day trader. Or rather I aspire to be a day trader. Every day I trade the foreign exchange (forex) market, but, until recently, I haven’t had much success. Then I met some folks on Twitter who made all the difference for me. I’ve spent the last few weeks in a trading room presented by Casey Stubbs (@caseystubbs) of Winner’s Edge Trading and moderated by Michael Storm (@neo761). Michael is a long-time professional trader known as Robin Hood in trad... Continue reading ...
The Dollar has made some nice gains over the last two weeks but the question is will it continue or is this just a short term pull back? The Dollar has gained over 700 pips since this strength has started and has been down a total of 8 out of the last 12 trading days. The dollar was not able to drop below 1.4500 the pair did not reach the strong support level of 1.4477 before running out of steam. Prices were active in today's European and New York trading sessions with the pair moving lower... Continue reading ...
The Eur/Usd close the week down and closed below some strong support levels as well. Because the pair has had such a strong move to the downside I would expect the pair to have a pull back or consolidation period before testing support levels and moving lower. On the pull back I would look for the pair to rise to levels of around 1.4760 because that is where the current resistance level is. There is also a fibonacci retracement level on this current move that will act as resistance in that a... Continue reading ...
This post is a heads up to be watching the Eur/Usd because the pair made a signicant drop down early in the week and since then has been consolidating. The price has been in a tight range and the range is getting smaller indicating that a breakout should occur soon. It is possible that the pair could break out in the upcoming Asian, Europe or New York sessions before the end of the week. 1hr chart *note click the chart to learn about the premium service  The chart above shows the tight range... Continue reading ...
The pair has been trending down since the surprising NFP news released last Friday. Todays trading is in a bit of consolidation and we have hit a shelf or bear flag forming with a possible break to the downside. The target that should be in place is 1.4626 because that is the next key support level that was met on October 2. If we break down below that point we could be in a stronger dollar bullish scenario. Take a look at the 4hr chart. *Note Click the chart to learn about our premium Forex... Continue reading ...
Posted by Michael Storm on Tuesday, December 8, 2009,
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Michael Storm
Michael Storm-- Follow Michael on Twitter
If you are going to be successful in trading there is one thing that is essential for you to get absolutely clear and if you do not you will face trouble. Trading is NOT “gambling”!
Unfortunately many people think it is. This just shows a deep lack of understanding on their parts. IF, you think that trading is gambling you are setting yourself up for a self fulfilling prophecy of failure. Now, before we begin, lets answer this first: Can trad... Continue reading ...
Posted by Mark Thomas on Monday, December 7, 2009,
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Mark Thomas
 Mark Thomas -- Trade On TrackContinuing on with our price action study, in this article we'll put together a plan for analysing a particular currency pair, on a particular time frame, and see if we can work out a way to get some probabilities on price continuation. In the last article we talked about a study that was published a few years ago that presented some probabilities of price continuing in the same direction. For instance, the study said that if the EUR/USD moved 15 pips on a 1hr cha... Continue reading ...
The Eur/Usd made a bearish move on Friday on positive news released on the U.S. Economy. This article is purely speculation based on my technical analysis. This point of my opinion only and you have the right to disagree. The first signal to me is the long bearish bar on the daily charts. That bar indicates to me that there was a massive selling and that could be an indication of additional selling. The price broke past all the previous lows of that pair for the last few days. The pair stop ... Continue reading ...
What is the most important tool in trading? Often I ask traders this question and the responses I get are varied from winning strategy, or the right charting system. Sometimes sharp traders will answer by saying money management or discipline. I have even been told by one expert that said experience is the most important for a successful trader. All of those things are an important part in a traders journey to profitablity and becoming a professional trader but they are not the most importan... Continue reading ...
Today when the news for the Non Farm Payrolls came out the Dollar took off for major gains and never looked back. The number posted was that U.S. Economy only lost 11,000 jobs. This is big news because the number was supposed to be - 119k so that means that the estimate was 108,000 off. The price reacted suddenly and violently and we had almost a 200 pip move to the downside today. I will give a detailed trade idea at the bottom of this chart. Look at the chart of todays action: 1hr Chart *N... Continue reading ...
The Eur/Usd has once again found itself inside of a trading range that can be used to gain some good profits for trading. The support of the range finds the support at 1.5032 so I would look for this price to challenge anywhere as low as 1.5000. The resistance of this pair is at 1.5117 and the ceiling here could be anywhere from 1.5100 to 1.5125. As long as the prices stay within this price range I would look to sell near the resistance and buy near the support. The best time to buy and sell ... Continue reading ...
Posted by Michael Storm on Wednesday, December 2, 2009,
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Michael Storm
Michael Storm -- Follow Michael on TwitterGood day fellow traders, Here is a great swing trade idea that will be posted today in our new trading room. It is a short entry on the GBP/Usd based upon a daily wave correction. We currently have a lot of resistance at these levels because of trend lines, and daily support that was broken and is now being retested. Take a look at this daily chart:   You can see on this hourly chart that we are getting quite top heavy in this retracement of the ... Continue reading ...
Posted by Michael Storm Storm on Tuesday, December 1, 2009,
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Michael Storm
 Michael Storm -- Follow Michael on Twitter Hello fellow traders. What an interesting last few days I have had! Life is a learning experience isn't it? Well, I have learned some things and also have confirmed many things I already knew and just thought I would share this with you. The key I think here is redundancy and backup plans. Are you prepared for a computer crash? They happen at the most annoying times. So, point number one, make sure you have a backup computer and ALL of your trading... Continue reading ...
In Saturday's post I wrote about the possible monthly play on the Aud/Usd so today I was looking at that pair and notice that we are in a range today and that gives some possible trading opportunies. As I write this the pair is approaching the resistance point reached earlier in the week. There are two possible trade options as the price moves towards the resistance level. Option one is a bounce and a trade short and option two is a breakout with a trade long. Lets go to the charts. 1hr chart ... Continue reading ...
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Casey Stubbs
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.
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