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Browsing Archive: November, 2009
 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... Continue reading ...
Monthly TradeAt 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. The first pair that I noticed that may be ready for a long term monthly play is the Aud/Usd. Aud/Usd 1 Month Chart * Click on the chart to lear... Continue reading ...
Posted by Casey Stubbs on Saturday, November 28, 2009,
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Special
Winners Edge Trading is Expanding  And  Are joining together to bring forex traders an exciting new trading portal. 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 Tradi... Continue reading ...
Posted by Michael Storm on Friday, November 27, 2009,
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Michael Storm
 By Michael Storm aka Robin hood-- Follow On Twitter 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. This may not be the greatest article, but I feel this is important to look at, as trades like this don’t happen every day. They are rare. Take a look ... Continue reading ...
Posted by Casey Stubbs on Thursday, November 26, 2009,
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Special
 This is a holiday celebrated in the United States because the events that took place by the pilgrams 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. Since this is a global forex trading website I thought I would take the time to share the history of thanksgiving so that my friends from around the world can understand why we hold this day as a special time. Here is a brief video explaining about the histo... Continue reading ...
After trading in a range for the month of November the Eur/Usd move 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. The breakout happened one day before US Holiday of Thanksgiving on a day when a large supply of news items was released. On Thanksgiving day we can expect light trading due to the US traders taking the day off to enjoy time with their families. Lets look at this wild break out. 1 Hr Chart *n... Continue reading ...
Posted by Jordan Lindsey on Tuesday, November 24, 2009,
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Economic News
 Jordan Lindsey-- JCL's ForexAlthough 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. Eventually the Fed will begin to pull in liquidity from these over inflated levels while rising interest rates to fight inflation. Depending on how well tha... Continue reading ...
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. So that is why we trade according to what the price is doing not the what the data tells us. Trading according to how the price is movi... Continue reading ...
Posted by Michael Storm on Sunday, November 22, 2009,
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Michael Storm
 By Michael Storm aka Robin hood-- Follow On Twitter 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... Continue reading ...
Posted by Mark Thomas on Friday, November 20, 2009,
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Mark Thomas
 Mark Thomas-- Trade On TrackThis is the first part in a new article series where we study how price moves and how we can profit from the results of what we uncover. This topic of "price action" was inspired by a report that was recently sent to me called "Predicting Price Action", written by Scott Owens with Omer Lizotte in November 2004 ( it can be found here: ). That report is obviously dated, and its methods and results were questionable. So, this article series will expand on this repor... Continue reading ...
Eur/Usd up, down, up, down like a see saw. For those of you that remember that wonderful playground toy. You are always moving but you never get anywhere. I have good news though there is a trade setup in all of this. That is how the Eur/Usd has been trading since the beginning of the month of November. Today the price moved lower in the European session and then began to move back up in the New York trading session. The strong resistance level is 1.5000 and the strong support level is 1.480... Continue reading ...
Posted by Michael Storm on Wednesday, November 18, 2009,
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Michael Storm
 By Pro scalper Michael Storm---- -Follow Michael on TwitterOk traders, good day to you all. Today I want to discuss with you the pause that refreshes. Take a look at the following chart and tell me, as a SCALPER, what do these 2 charts say to you? 1 Min Chart  5 Min Chart  This is what it tells me. On the one minute, we had a “double test” of recent highs near 134.23 followed by a one minute sell setup (and the 5 min chart is confirming). So, I entered a position short and b... Continue reading ...
The 1.4825 level is an extremely strong support area as that level has been tested five times in recent weeks. The 1.5000 level is a strong resistance that has been tested several times. Which ever way the pair decides to go since these support and resistance areas are very strong it will probably be a significant indicator as to which way the trend will move for some time. Keep your eyes on these levels and attempt to do range trading until a clear pattern emerges. Range trading can be profi... Continue reading ...
The head and shoulders pattern I wrote about in the last article never materialized. This currency is in a range because the market can't decide what to do next. How long does it take to for a currency to be considered in a range? I don't know but I know that the Eur/Usd is in a range now. The was in an upward moving trend that has slowed down to be in a trading range. The pair crossed the 1.4626 level on October 4th and from there the price moved up to 1.5062. The pair has been in between tho... Continue reading ...
Posted by Michael Storm on Monday, November 16, 2009,
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Michael Storm
 By Michael Storm-- Follow Michael on TwitterTake a look at the following 1 hour chart and notice the downward sloping channel. In this chart I have circled a few good 1 hour sell setups. This setup occurs when a current candle is breaking through and or closes below the low of the last candle. We want to take a short when we see stuff like topping tails, which are seen in the narrow range candle bodies that have wicks to the upside. This shows us that prices have “tested” the range highs... Continue reading ...
Posted by Mark Thomas on Sunday, November 15, 2009,
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Mark Thomas
 Read Part 1 HereMark Thomas-- Trade On Track In this second article in The Business of Trading, we address other attributes, skills, processes and equipment that you'll need to utilise in your trading business. Trading is a serious endeavour to undertake, treat it with the respect and commitment you would give to any other profitable business. EquipmentFortunately, the equipment required to get started in online forex trading is minimal and easily accessible. You can get started with any h... Continue reading ...
 Part one (introduction) By Michael Storm pro scalper-- Follow Michael on TwitterEvery trader has developed strategies over time based on observations. How many times have we longed or shorted a currency pair, only to see it go against us by 10-20 pips and make us nervous, or doubt the validity of our trade? What if you could strike with precision and maximize your entries and exits to a far greater degree? Patterns in technical analysis repeat and repeat often. It doesn't really matter what ... Continue reading ...
Hello everyone how are you all doing? This is Friday evening and the weekend is coming up. I will be spending some quality time with my kids as well as a little time working and posting here on Winners Edge Trading. The Eur/Usd had a ranging trading week as there has been mixed news concerning the Dollar. The currency appears to be forming a head in shoulders pattern on the 4hr chart. With the right shoulder just forming right now. This is a classic chart pattern that is an indication of a dow... Continue reading ...
In the previous post on the Eur/Usd I highlighted the 1.4918 support level and in todays trading that level was taken out an the next support level at 1.4818 was tested. The price stopped at the 1.4818 support level now the pair is trading in a range between 1.4900 and 1.4800. 4hr Chart *Note Click on the charts to learn about a charting system.  The trend overall is still upwards however there is currently a pause in the upwards momentum so it will be important to watch this range to see which ... Continue reading ...
Posted by Forex Tree Guy on Thursday, November 12, 2009,
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Forex Tree Guy
Today there has been little change in the Eur/Usd since I wrote about it yesterday, the pair is still trading in the same channel, you can review that trade opportunity here. Since there has been little change today I am going to update the GBP/JPY. Right now on the 4hr chart we have a wedge forming as you can see by the blue lines that I have plotted on the chart. 4hr chart *note click on the chart to learn about a charting system.  If the price breaks out of the wedge to the upside look for a ... Continue reading ...
Posted by Casey Stubbs on Wednesday, November 11, 2009,
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Economic News
 Every where I look I read about the U.S. recovery that is causing the stock market to reach for the sky. I don't see this recovery that is taking place. Not that I think I am the one who is the judge at whether or not we are in recovery mode. It is important to look at the big picture as a whole at all times but sometimes we need to zoom in to get a better look at smaller pictures to help us understand the big picture better. This article is about a small piece of the economic puzzle. Does an... Continue reading ...
The Eur/Usd is in a period where the 1.5000 resistance level has been broken today. The entire world is betting against the Dollar right now. I have not read one positive thing on the Dollar. If there is any good news for the Dollar post the link here I would like to read about it. So with the fundamentals and technical data all pointing to a Dollar fall what do you think would be the way to trade? It appears that the Eur/Usd will be moving upwards but lets not trade until we get signals. The ... Continue reading ...
Posted by Forex Tree Guy on Tuesday, November 10, 2009,
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Forex Tree Guy
 Tony Forex Tree Guy--- JCL's Forex TradingWhere you is is where you is. It's okay if you need a minute to wrap your brain around that. I did. The first time I heard that saying it really made me think. I'm no grammatical scholar but anybody with even a basic education can tell you that sentence would not help anybody pass their classes. Even so, I filed it away in the back of my mind in case it came in handy later and I can promise you this: it did. When you're on the bottom rung of a la... Continue reading ...
Posted by Mark Thomas on Sunday, November 8, 2009,
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Mark Thomas
 Mark Thomas-- Trade On TrackLooking to make money from forex trading? That's the aim for most of us and at first, it looks like such an easy thing to do! It turns out to be not so simple though, and I believe many things need to be addressed in a business-like manner in order to be a truly successful trader. To make money in any business requires skills, experience, knowledge, dedication and hard work - the business of trading is no different. What it means to run trading as a business Ther... Continue reading ...
I did an article on Thursday about a 4hr triangle trade opportunity. I am wondering if any one else attempted this method along with me. After I posted the article on Thursday the Eur/Usd did not move more than 5 pips for about 12 hours because traders were waiting for the Non-Farm Payrolls report to come out. When the report came out the price dropped out of the triangle and I entered short at about 1.4875 and the price went straight down to 1.4814 which is a total of 61 pips. I actually ha... Continue reading ...
 This Guy Just Lost His Account :(I know that no one wants to do what the title suggests however, new traders do exactly that everyday. So if you as new trader wants to blow your account go ahead and just do what I speak about in this article. If you don't want to blow your account then make sure that you have enough capital invested when you start trading. When deciding to open a new brokerage account it is important that you have enough money to trade with and not be under capitalized. I rec... Continue reading ...
Triangle breakout trades are great for getting good profits, in a quick time frame. The problem with trading chart patterns is that you have to be there when it happens. Which is no easy task. I can tell you that many times I will be watching the pair and just when I go to do something else, that is when the price will break through and I miss the trade. I hate it when that happens. So today lets look at a triangle on the Eur/Usd. 4HR chart *not click on the chart to learn about a trading sys... Continue reading ...
 Today the First News release was negative for the US Economy as the ADP Non-Farm Employment Change was -203K change from the last release. This was also lower than the forcast of -188K so the economy is not growing as fast as predicted.
Despite this news the Euro has continued to advance in todays trading, breaking the 1.4800 resistance area. So with the ISM Non-Manufacturing PMI numbers getting released soon and the FED will speak about the economy today, how will this pair react to the upcom... Continue reading ...
Posted by Mark Thomas on Sunday, November 1, 2009,
In :
Mark Thomas
 Mark Thomas -- Trade on TrackI believe one of the biggest mistakes you can make in forex trading is trying things half-heartedly, moving from mentor to mentor, strategy to strategy - always believing there's a better way to do things out there. I believe one of the keys to success is to master a technique or set of techniques, master the markets, master your craft. This article is partly inspired by a recently recorded interview of Tony Robbins that I listened to last night. He emphasizes the... 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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