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Hello, The volatility in the European session remains at a good level compared to the moves we have seen last year. I hope it stays that way at least until the summer. It is easier to go with a scalp approach now than it was a couple of weeks ago. The European live trading room session is...

Hello, The market was still quite volatile considering it has been a Monday. I decided to scalp the JPY pairs this morning since they move directional lately especially if you look for short term momentum trades. I don’t want to go over every trade but I managed to get +25 pips in GBP/JPY, +17...

Hello, This post is just a short reminder that it can be very tricky to trade around the NFP numbers. Some people like to trade the number because the high volatility also brings opportunity but most traders decide to stay aside until the dust settles. Fridays NFP numbers were a mixed bag and...

Hello, I did not expect much price action here in front of the FOMC meeting today. Even my bias on the Euro was bullish I traded with caution here in the last couple of day with small size. The Euro saw some early strength in the European session and I thought it would pull back into a tight...

Hello, Since I was “advertising” the EUR/AUD a bit yesterday as a possible catalyst for a run in EUR/USD I will take a look the charts again in that pair. The EUR/AUD chart might be my favorite daily chart out there right now. From a fundamental basis there is also a strong case to make here...

Hello, EUR/USD finally was able to break the 1.3400-1.3250 range to the upside on Friday. Since my bias was bullish on the daily chart that break to the upside did not come to a surprise for me. I was looking for a break of that 1.3400 level and a re-test to get in long. The problem with that...

Hello, Today I want to take a look at the AUD/USD. This pair has been not very exciting so far this year and the longer term charts suggest that this might be the case for the rest of the year as well. The pair has traded most days in fairly tight ranges with a few exceptions. One exception has...

Hello, Today we saw very choppy and in some pair quite volatile price action. I was looking again for a short in the GBP/USD but I had to wait for a new setup since the pair did not break down yesterday. As a requirement for a setup I like to see a pair taking out the previous daily range. In...

Hello, There is not much to say about the European morning session here. After such a strong move in the EUR/USD and GBP/USD it was more than likely that the pairs cool off their overcooked conditions and consolidate/retrace. It is hard to take any trade in the kind of situation: On the one...

Hello, The EUR/USD started very slowly into the day as expected with the ECB meeting coming up later. My bias was bullish though since it seemed very unlikely that the ECB would cut rates. I took a gamble I went long right in front of the rate decision with a tight 20 pip SL. Usually I am not...

Hello, We saw a rather quiet day until some movement into the London close. It looked like we would see an Inside day in EUR/USD and GBP/USD but EUR/USD managed to take out Fridays high at last. The pair is trading around the 100 hourly MA right now and consolidates recent gains. You can see in...

Hello, EUR/USD hit the 1.3000 as predicted in my previous post and also saw a bounce so far as I anticipated. I won't post the daily chart again but if you read my previous post you can see that we have seen wave 4 in the daily chart count and I expect wave 5 now to the upside which could bring...

Hello, I had some technical difficulties today and was not able to trade. Nevertheless we got a decent setup in EUR/USD which I would like to point out. The pair saw further weakness at the beginning of the Asia session and remained on a negative tone into the London close. If you remember I...

BTW: I was able to grab 200 pips profit on a EUR/USD trade before Christmas. Regards, Marco

First of all a happy new year to everyone! The year starts on a positive tone as the US avoided the fiscal cliff for now. Stocks have great day moving up more than 2%. I was looking for risk-on trades therefore but the problem was that the large move already happened during the Asia session. I...