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Monthly Archives: October 2017

EURUSD price action in 3 charts

How would you trade this EURUSD high impact news?

A EURUSD illustration of the choices forex traders got to make prior to a highly anticipated high impact news – which one will you pick? Do you have a consistent approach? Which choice delivers better performance over time?

EURUSD weekly line chart from late-2014 to present

There is a 300-pip space below for EURUSD

There is a a big 300-pip space below the current EURUSD price pattern until the next most-looked-for potential support. This might or might not happen but could be really rewarding for EURUSD shorts if it does.

DXY back above 2 year support

Was Dollar Index at 91 just a dream or a signal for 2018?

DXY bulls are happy as long as the index stays above this prominent 2-year support. Bears however have their signal. It is now a matter of time while the index does it’s usual zig zag before the inevitable happens. The signal for DXY to go lower in 2018 is already in place.


3 myths about automated trading

Busting 3 myths about automated trading: 1) that automated trading is not emotional 2) that it is set and forget 3) that automated trading is too technical.