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Browsing Archive: July, 2009
 The new NFA regulations have been talked about a great deal over the last month. The rules are getting ready to start and when the rules take place most traders will not be affected that much. The ones that are affected will be able to implement tools that the brokers will be able to provide that will enable them to trade the strategies that they have always traded. Get ready because the change starts Aug 1. Now, I think that this is a big deal not because of the rules change but because the g... Continue reading ...
Posted by Casey Stubbs on Wednesday, July 29, 2009,
In :
Awards
I was honored to have my blog recently reviewed by Hillel Fuld from Daily Forex and I would like to share the complete review at This Link Continue reading ...
Posted by Casey Stubbs on Tuesday, July 28, 2009,
Here is an interesting article on Daily Forex.com
-Hillel Fuld
If you are even remotely involved in the Forex market, you have most likely heard of the new NFA First in First Out (FIFO) rule. It is the most talked about topic in the online and offline Forex worlds.
First let's give a little background as to what exactly this ruling is, then we can discuss how it will affect the Forex market. The NFA ruled that as of August 2nd, 2009, when a trader opens more than one position in the same curren... Continue reading ...
Posted by Casey Stubbs on Thursday, July 16, 2009,
I will be going on a Mission trip to Guatemala leaving Thursday July 16, and I will be returning Friday July 24th. I am leading a team from Living Hope Church, in Latrobe Pa. We are going to be preaching the Gospel to villagers in the Mountains of Guatemala that may have not heard the good news of salvation through Jesus Christ.
So pray for us while we are gone that God may use us in a great way and that He is glorified.
I will be posting a full report here when I get back, so be looking fo... Continue reading ...
Yesterday I gave a winning Forex Trading Strategy, today I am making my first trade with this strategy.
It is 11:05 PM Est Eur/Usd
We tested the resistance level of 1.3973 and bounce off of it I believe we are headed down to the next support level of 1.3891
I just entered at 1.3950 I have a stop at above the resistance level at 1.3979 with at target of 1.3891
I will adjust the stop forward as I gain profit but I will not move it back. I opened two lots and I will keep the other lot with no limi... Continue reading ...
Every time I say that it is not hard to find a winning Forex Strategy I always get comments and emails saying , it is so hard. I am going to prove that a strategy does not have to be complex to be a winner. I will be trading this strategy this week and we will see how it works.  The trick is don't make it too difficult and make sure you follow your trading plan and money management rules. Record everything and analyze results afterwards.This is called the support and resistance trading strategy... Continue reading ...
The Eur/Usd is has been range trading for a couple of days and that is good for trading as the range has been about 150 pips. That makes it easier to identify the entry and exit points. Right now the pair is testing the 1.3900 support level and if the pair bounces off that we could see continued range trading. However, I believe that the pair will eventually break to the downside so I am watching the support levels and waiting to get in short for a longer trade.
Watch the 1.3900 level if that b... Continue reading ...
Eur/Usd trade setup The pair is looking like a bear flag. The resistance is 1.4029 and the support is 1.3929. I am looking for the pair to challenge the resistance level and break to the downside. I will enter short after the pair tests the 1.4029 resistance level and bounces down. With a target of 1.3929 after that my target to the downside will be 1.3884 The chart pattern is telling me that the pair is a bear flag and the fundamentals are saying risk aversion is making the Dollar strong right... Continue reading ...
4:00 pm Est. The Non Farms payroll report today was worse than expected which indicates that the economy might not be turning around like most analysts were predicting. The 1.4000 level has been tested several times and is being tested again right now. So if the support level holds up this is a good time to buy or if the price breaks this could be a good time to sell. Be ready to make a trade. Continue reading ...
In the Eur/Usd there is an ascending triangle forming which is a bullish signal. Currently the pair is heading to test the support level on the bottom trendline. Watch the bottom trendline for a bounce off of that line around the 1.4050 level. After the bounce look for the pair to retest the 1.4200 level. If the 1.4200 resistance level gets broken look for a target of 1.4342. If the bottom trendline support level does not hold look for downside targets of 1.4000 and 1.3900 When trading today re... 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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