Yes, the Market is Rigged, BUT...

I recently posted an article asking "What Makes the Forex Market Move?" (If you didn't respond, be sure to hit the link above and add your thoughts in the comments) The most common response was that the Big Banks move the market... But along with that, I got a whole...

Approach Forex Trading with a Routine

Forex trading is very exciting and the prospect of profits, freedom and personal growth stimulates the mind and our motivation. The main problem with reaching consistent and long-term success is the ups and downs of your performance, strategy, and equity curve, which...

RECORDING: How to be a Winner

Today, in a live class, Casey Stubbs discussed the keys to winning. You can watch the recorded webinar below: Casey talked about some key things during this training that affect life and trading, so be sure to watch it and share it with the buttons on this post. Don't...

Russian Ruble Mayhem

2,000 pips in one single day! Tuesday December 16, 2014 was not your typical market day thanks to the Russian Ruble. The currency pair made a spectacular fall and the event could mark a historical day. The Ruble for instance plummeted against the US Dollar from 58 to...

Forex Analysis & Setups on the Majors

Today’s post offers a glimpse of the market prior to FOMC statement, which could easily dominate this week’s trading. The FOMC statement will be released on Wednesday afternoon (ET) and might set out the USD direction for the remainder of 2014. Let’s review the majors...

4 Ways of Reviewing the Forex Majors

The bullish US Dollar trend is losing steam against the other majors – especially against the Japanese Yen, followed by the Euro and then the Pound. Today’s post will analyze the majors with trend lines, Fibonacci levels, price action, and candle stick formations as...

The 4 EURGBP Scenarios You Need to Know

The U.S. Dollar has been the center of attention in recent months due to its nice trend and bull run but today’s focus will be on a non USD pair -  the EURGBP. EURGBP DECISION The EURGBP is in a down trend but price is very close to a monthly bottom. This support...

NZDUSD Decision Point (Comment Contest)

Hello Traders! Today, I wanted to do something fun and helpful at the same time. Please note that this does require action on your part, but the action is really simple! All you have to do is look at the NZD/USD chart posted below and give an opinion. There is NO such...

Forex Majors Ready to Bounce

Last week’s trading week was filled with a ton of news events throughout the entire week, which was the equivalent of a big Forex “storm”. With those now behind us, the weather might be able to settle down again during the upcoming week and provide some clear sky...

USDJPY Breaks 2014 High: Ready for 120?

After a large consolidation (entire 2014), the USDJPY has posted several daily candles above the monthly top of 105.44. Certainly there were and are no hints of any apparent weakness during the breakout. From a previous article we already know that the USDJPY could...

110 Day GBPAUD Bear Flag Broke: Now What?

Although the GBPAUD daily breakout of the massive bear flag has been relatively slow and choppy, price still managed to fall 300 pips from the breakout point. Winners Edge Trading wrote about the break on August 19th (110 Day GBPAUD Bear Flag Breaking). Take a look at...

Analysis of Major Pairs Over the Summer

Although August turned into a bearish doji candle, overall the USDCAD still has a bullish market structure when looking at the long-term trend. Here are the main factors to consider: Uptrend trend line has acted as support (green line) Price has bounced off of broken...

Big Trend Warning on USD Part 2

At the end of July we posted an article that warned for a potential big trend on the US Dollar (Big Trend Warning: the US Dollar Ready for Major Lift Off in 2nd half of 2014). Although more confirmation is certainly required, that forecast from a month ago is showing...

1500 Pip Breakout Potential on USDJPY

Not so long ago we wrote about how choppy the month of August usually is, and this year does not seem to be an exception to the rule. Today, however, an interesting breakout scenario has occurred on the USDJPY that certainly attracts our attention. A similar breakout...

110 Day GBPAUD Bear Flag Breaking

The GBPAUD is in the process of continuing its downtrend which makes it an interesting candidate for today’s post. The GBP has been dropping steadily throughout the month of August (more info here) – and we can see the same pattern against the Australian Dollar. So...

Daily Analysis of EURUSD and GBPCAD

As some people in the banking world take a few days off to enjoy the summer (in the northern hemisphere), the market does continue to offer a few trends. An example of a strong trend has been the EURUSD: yesterday’s price action saw yet another trigger candle and...