Recent content by SwingTrader1

Aud/cad I like the AUD/CAD this pair is setting up real nice. Im going for it. Here is my strategy. Sell the AUD/CAD on an entry limit. The price I want to sell at is .9256 the stop is .9285 the limit is .8000 These are the kind of trades I really like. Risk is very small, with the broker...

No trade setup GBP/JPY I didnt get what I wanted so I pass. To me this sucks, I like to trade however I hate to lose so I would rather wait even when a trade looks "almost". I have found its better to stand aside. There are many other good trades on the horizon. Anyway chin up! I have...

I was looking at the GBP/JPY a little while ago. It looks like it may be headed for a small tumble down. This might be a good opportunity to short it. Maybe pick up a few pips. I think by 17:00 pst I should have a better idea of how this pair is shaping up. See you then. 19:03 pst...

NFP 05:25 The market has gone quite a ways up. Looks to me like it already took into account the news announcement somewhat. However Never really know whats going to happen. Im going long at these levels; 1) long @1.2374, stop 28 pips, limit 100 pips 2) long @ 1.2331, stop...

Ding Ding Ding Im new to this forum and dont really know anyone here. I posted a trade setup a few days ago I got filled at 1.2170 made a quick 100 pips the market went up quite a bit more than that. I dont sit in front of my computer all day. I just make some calculations and then place my...

This months non farm payrolls look horrible for the US What does this mean? I don't know, thats the short answer. The long answer is (just my opinion) I think the EUR/USD will go up. What I am loking for is an entry to go long at; 1) buy at 1.2170 stop of 25 pips limit is your...

Brokers This is a great subject. What I would recommend anyone do before opening account is do a little research. A couple of things I would look for as a potential customer would be look for; 1) Any derogatory remarks about a particular broker 2) What kind of spread do they...

Rollover Is the difference between two currencies. My example will not use CURRENT rates but nice round numbers to help make the point. First we'll do a quick review using the EUR/USD When you buy a currency pair what you are doing is buying the euro and simultaneously selling...

Money Management This is a great topic in trading because its fairly straight forward BUT! most traders dont exercise this crucial part of trading. Ok here is the big secret dont risk more than you can afford to lose.... Ta Da Ok enough goofing around. A simple yet effective way to...

Overbought Oversold Im going to zip through this. I dont want to do it, but Im having trouble downloading a chart to demonstrate. Any way here it goes The Technical indicator I use to identify OB/OS conditions is slow stochastics. This happens to be my primary indicator. Keep in mind its...

Technical Analysis Technical Analysis is used to identify where to enter a market it can also be used to identify limits and stops. I should have pointed out in my last article that fundamental analysis can be used for the same thing however I dont believe with as great an accuracy as...

Welcome to fundamental analysis Fundamental analysis is news or information about a currency that may effect its value. Could be interest rates, employment rates, GDP, CPI, wars, conflict etc. Generally speaking any kind of news that would effect the value of a particular currency...

Welcome to part 3 The Spread The spread is the difference between the bid and ask price. Fairly simple right? Ok The bid is the quote a trader gets when they sell a currency pair. The ask is the quote a trader gets when they buy a currency pair. A couple of things to remember...

I goofed I forgot a couple of topics that need to covered before I continue. They are pips, lots, and margin. What I'll do is cover these items in todays article and then tomorrow pick up where I left off. Pip, a pip is a term given to the value of a portion of the quote price, in 1/100ths...

Welcome to part 1 currency pairs. In foreign exchange currency pairs are listed in a dominant and subordinate form. I will use the EUR/USD as an example but you can apply this to any currency pair. In the EUR/USD the dominant currency is the euro the subordinate is the dollar. All...