Posted by Casey Stubbs on Saturday, February 6, 2010,
In :
Trade opportunities
The Dollar is on a roll and nothing can stop it! Can you believe that I actually said that this pair may stall a bit or consolidate? I was sure wrong on that one :) So I give up I am jumping on the Dollar train I am going to short the Dollar and I am going to put all the money I have on it so that I can retire next week.
Ok, wait maybe that is not such a good idea, if I would have done that last week it would have worked. But If I did that I would have to throw out all the princbbles and dis... Continue reading...
Today was a news day for trading the currency market. Many pairs dropped dramatically during this mornings New York session. The Asian session was wild as well, with wide, long and quick price swings. My point is this on a wild day like today you can get killed and put out of the market unless you practice discipline and use proper stop losses.
I ended up benefiting from these wild fluctuations but I was just lucky, very lucky indeed. I could have been on the other side of these wild moves jus... Continue reading...
Today in my trading I was reminded of a valuable lesson and it was by one of the traders in my room. I sometimes get ahead of myself when entering trades because of anticipation. One of the first things I was taught as a trader is not to act before you get your entry signal. Today, I was entering trades based on what I "felt" was going to happen rather than a signal given. Then one of the traders in the room asked me why did you enter there, because there was no signal?
Posted by Casey Stubbs on Monday, February 1, 2010,
In :
Trade opportunities
In today's trading the Eur/Usd has found a temporary bottom to the advancing decline that was taking place all week. The pair did not bounce sharply but rather held it's ground as I right this the pair is trading at1.3907. The pair is positive in todays trading and this could be the start of a minor pullback. The current level of support is 1.3850 and the current level of resistance is 1.3940 and 1.4000.
This pair could be in a short holding period around these levels and the key support leve... Continue reading...
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...
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.
