Posted by Casey Stubbs on Sunday, January 31, 2010,
In :
Trade opportunities
This is a technical analysis that is designed to help traders identify the daily trend before starting trading for the week. This Forex video analysis covers all of the majors to include the Eur/Usd, Gbp/usd, Eur/Jpy, Usd/Jpy, Gbp/jpy, Usd/Chf, Aud/Usd and the Usd/Cad. This analysis is an opinion only and the trend can change at any time.
Economic News can impact the direction of the pair at any time and it is highly advisable that all traders are well aware of all the news events that are g... Continue reading ...
This is a video instruction on using price action to identify buy and sell setups. One key point is that it is important to first identify the current trend and then look for the entry points going with the direction of the trend. Trading using price action is a great tool that can be used to find accurate trading positions.
I have things that I want and goals to achieve just like you do I am sure. I want to be a great trader and I want all the tools to make me a great trader. In trading and in life it is important that you set goals so that you are able to measure your progress. I have always set goals in my life and it has helped me achieve many plans and I now set goals for everything. However I just learned about the concept of rewarding myself for achieving those goals from my friend Michael Storm.
Posted by Casey Stubbs on Friday, January 29, 2010,
In :
Trade opportunities
Every day this week the Eur/Usd was hitting new lows and it appears we are in a straight free fall. To answer the question when will the bleeding stop we have a couple of support areas at the 1.3823 area which was close to the close now. Other areas where we has support where we could see stalling is the 1.3400 1.3500 areas.
I have identified potential support and reverse areas on the daily chart below.
Daily Chart *Note Click on the chart to learn about our trading system.
Posted by Casey Stubbs on Thursday, January 28, 2010,
In :
Trading Strategy
The last Video I posted was how to set a stop loss which brought many questions on how to set a profit target. I have been answering the readers questions so if you would like me to do a video just send me a comment or email and I I will gladly get one together for you. The forex market can be challenging so I hope these videos are helpful to newer or beginning traders. Also helpful for more seasoned traders that are struggling to become profitable.
Posted by Casey Stubbs on Tuesday, January 26, 2010,
In :
Trade opportunities
The price on the Eur/Usd is in a consolidation pattern waiting for a breakout. The sentiment is that the pair will break the 1.4000 level soon. The pair has been offering some support at the 1.4000 level and has not broken south of that line. However there has not been much strength at all in the pair and the Dollar is strong right now in all verses all the pairs.
Watch the pair break out of the 1.4200 or 1.4000 range for any clear indication about which direction the pair will continue to mov... Continue reading ...
Posted by Casey Stubbs on Tuesday, January 26, 2010,
In :
Trading Strategy
Today I received an email from a reader that asked how to place a stop loss. I think that is a great question and I decided to do a short video to help him understand how to place your stop so that you can have good trades with out much risk.
The best way is to use support and resistance levels along with the highs and lows of the candles that you see the entry signal. This video can also bee seen as a current buy setup in the Usd/Cad.
Continue reading ...
So many people want to jump right into the deep end when they begin Forex trading. I know I did. What you need to do, however hard it may be, is force yourself to start small. Be careful. Plan each step of your journey carefully before you put any of your hard earned and harder parted with money into Forex. If I had just listened to this advice when I started...well, you might not be reading this today!
What kind of money do you think it takes to open a forex account? Fift... Continue reading ...
Posted by Casey Stubbs on Sunday, January 24, 2010,
In :
Trade opportunities
I am going to do an overview on how I think all of the major pairs that I trade will do for the week. This will give you an idea of how to look for trades this week. It is important to start out with the right mindset and to try to find trades that are in line with the trend.
When starting to trade I am reminding myself this week that I am going to keep my profits and be disciplined. Keep my risk low and make lots of money this week.
In the live trading room this subject occasionally comes up of "what books do you recommend" So, I thought I would take some time and make a top 10 list of my favorite books of all time. I have traded for 10 years and read dozens of book, taken many courses, watched dozens of video's etc... and so on. There is no end to the amount of strategies that can be developed. Many new traders can become so fascinated with indicators and strategies because... Continue reading ...
Is leaving money on the table something to worry about in your trading? To answer that question simply the answer is Yes, but you have to let it go and not dwell on it. I know that all the Forex Trading pros say let your winners run and cut your losers short and they are right. But, and this is a very big but, any trade is a good trade as long as you are positive. I was having a discussion with a trader last week and he was upset because he said he lost $1,200.00 on a trade. I would be ups... Continue reading ...
Posted by Casey Stubbs on Friday, January 22, 2010,
In :
Trade opportunities
The Euro continues to dive and make new lows this week. The price bottomed out yesterday at 1.4029 and then hanging in a consolidation range until the pair decides to do a critical breakout in either direction.
There are mixed opinions about the future for the Euro/Usd, some experts are saying that the pair will drop going all the way to 1.24 and others are saying that 1.4000 is the bottom of this temporary move. It can be a long and dauntiing task to figure out the fundamentals. What I under... Continue reading ...
Posted by Casey Stubbs on Thursday, January 21, 2010,
In :
Trade opportunities
This post is going to cover the Eur/Usd and the Eur/Gbp on a video that I filmed showing a live trade that I made. The Eur/Usd has broken through support at 1.4200 and looks like it is going to continue to drop. The best way to trade this pair is identify key support and resistance levels and put on buy and sell orders after the price bounces around or breaks through those levesl.
The current support level for the Eur/Usd is 1.4000 we could get some consolidation in this pair before the move c... Continue reading ...
Posted by Casey Stubbs on Tuesday, January 19, 2010,
In :
Trade opportunities
Here is a trading video I shot on a trade that I entered into this morning. I am planning on doing more of these videos as I think these are helpful to new traders.
Posted by Casey Stubbs on Sunday, January 17, 2010,
In :
Trade opportunities
The Australian Dollar is a strong dollar at this time and the economy is doing well compared to the U.S. Dollar. However there is going to be a temporary pullback in the Aud/Usd because the pair has been so bullish and it is due for a pull back.
Earlier in the month I made a monthly trade call and so far that has been a bad call. You can read the monthly Aud/Usd trade call here. Michael Storm wrote about learning from losses so I am going to follow his advice and evaluate my bad trade.
Posted by Leo Ong on Sunday, January 17, 2010,
In :
Trading Strategy
Before this article I would like introduce my friend Leo, Leo has been a reader of the blog and has been in my premium trading service. So visit Leo's site and we expect to see many good things that will be of great value from Leo. Also Follow Leo on Twitter.
Forex trading is the easiest and fastest way to get rich. Really! After all, haven't you seen ads all over the internet conveying the same message to you? "Ex top bank trader reveals the one secret that makes 1,... Continue reading ...
Posted by Casey Stubbs on Saturday, January 16, 2010,
In :
Special
There was recently a great crisis as a major earth quake in Haiti and we are working to bring some help to those in need. Many of you may not know that I went on a mission trip to Haiti last year. I wrote about it on this blog last year refer to that post here. The church I belong to is called Living Hope Church and we are an official relief station.
When I went to Haiti last year, my team visited a man named Terry Nelson the head of Light Ministries in Carrefour, Haiti
Posted by Casey Stubbs on Saturday, January 16, 2010,
In :
Trade opportunities
The Eur/Usd is in a consolidation range right now. The pair was thought to possible break to the upside when it broke the 1.4450 price resistance barrier but that was short lived as the Euro is unpopular right now and out of favor. Despite negative US data reports the pair has not lost ground on the Euro.
As of right now the current support level to watch is 1.4200 if the pair breaks below that we could see the pair go to 1.3800. Friday was very bearish for the pair as the Dollar gained all d... Continue reading ...
Posted by Casey Stubbs on Friday, January 15, 2010,
In :
Trade opportunities
Hello Traders today we have 5 key news items that will impact the Dollar in todays trading. Keep a look at these key news items and be ready for them because the news could move the Eur/Usd if the report is far from expectations.
The Dollar gained during the European trading session and has bottomed out as the Friday New York session is beginning. The Dollar has gained strength despite a series of negative economic news reports. The pair has broken the key support of 1.4450 to drop to 1.4368.... Continue reading ...
Losses, what an ugly word. Traders don't like them. Surely they are not fun. But alas, we all get them. How exactly should we deal with them? It has been said that losses can be a gift... a real learning experience. IF... we are willing to learn and be taught. Rather than to simply "delete" them entirely from your memory, look at it this way: The loss is in, we have paid its price, its tuition if you will, and now how can we learn from it?
Posted by Casey Stubbs on Friday, January 8, 2010,
In :
Economic News
News, News, News is what moves the markets and we have a basket of economic data that will be giving traders an opportunity to capture the volatility that economic news makes. Last month the NFP (Non Farm Payrolls) report rocked the FX Markets because there was a great surprise in the numbers. The forecast was for -119k but the actual number was reported at -11k so that was a shocker by over 100k difference.
I am not expecting a surprise like that on tomorrows announcement but I think we wil...
Posted by Casey Stubbs on Wednesday, January 6, 2010,
In :
Trade opportunities
The answer to that question is, when the market decides it is time, that is when. The determining factor in a break out may be a build up of news in the specific currencies favor. However when the news is mixed and there is no clear strong currency then the market will make the decision and it will move its course. It is important for traders to be aware of the news that moves the market.
When the price is in a range it is easy to buy and sell on support and resistance levels. I identified ... Continue reading ...
The Eur/Usd is the worlds most traded pair and there is currently a great deal of speculation about the current condition and how will the Dollar perform vs. the Euro this year. Last year the pair had a wide range but in the end didn't really go anywhere. The Dollar began the year at 1.3938 and ended at 1.4331 the pair was down early and came back strong during the year only to lose most of the gains made during the year.
What is going to happen for the pair this year? Only time will tell b... Continue reading ...
Posted by Casey Stubbs on Saturday, January 2, 2010,
In :
Trade opportunities
Last Month I noticed a possible setup on the Aud/Usd in this post. Now the Trade has setup and an entry point is here for the beginning of the year. The reason we have a short setup despite the excellent Australian economy and the strength of the aussie is because on the monthly chart we have a pull back and there is a shooting star and then a candle that has closed lower than the low of the previous candle. That is a short entry signal using Japanese candlestick trading.
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.
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.
