Where are the four majors going?
May 31, 2009
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Forex Profit Alert: May 31, 2009
May 31, 2009
The GBP/USD gapped up +30 pips at the open of the week to trigger a gap trade.
The USD/JPY has a pending short pivot trade. The EUR/USD has a pending short trade. The pending long pivot trade was triggered during Friday’s session for a +83 pip profit. The GBP/USD has a pending short pivot trade. There is a pending long trade in the USD/CHF.
There are no significant news announcements during tomorrow’s session. Therefore, there are no mover’s trades for tomorrow.
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California facing severe budget short falls…
May 31, 2009
There was a lot of news this week spread among the many various countries. This was also one of the few times in recent months where potential conflict on the world stage and peace keeping issues have trumped economic news. North Korea seems to be going crazier than ever, and has a lot of people nervous, especially after the nuclear tests. While that story dominated headlines, there were several major economic stories that flew under the radar, as a result.
One is that the state of California is facing some severe budget short falls, and a huge budget crisis. Considering that California would be one of the 10 largest economies in the world even if it was its own nation, that’s a huge deal. Beyond this, GM is all but assured to head into bankruptcy, and details of the specific plan to rebuild and become viable as quickly as possible are beginning to emerge.
There are quite a slew of reports released this week, so while events continue to unfold on the international stage, here is what we have for this week in review.
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Yen moving lower…
May 28, 2009
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Forex Profit Alert: May 28, 2009
May 28, 2009
The USD/JPY gapped down at the open of this session, +16 pips which triggered a gap trade. The EUR/USDgaped up +17 pips on the open of the new session triggering a gap trade. These two trades closed out at a profit.
The USD/JPY has a pending short pivot trade. The pending long trade was triggered during today’s session and close out at a +9 pip profit. The EUR/USD has a pending short trade and a new pending long pivot trade. The GBP/USD has a pending short pivot trade. There is a pending long trade in the USD/CHF.
There are no significant news announcements during tomorrow’s session. Therefore, there are no mover’s trades for tomorrow.
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Over extended bar trade setup…
May 27, 2009
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Forex Profit Alert: May 27, 2009
May 27, 2009
The USD/JPY gapped down at the open of this session, +16 pips which triggered a gap trade. The EUR/USDgaped up +17 pips on the open of the new session triggering a gap trade. These two trades closed out at a profit.
The USD/JPY has a pending long pivot trade. The EUR/USD has a new pending short trade. The GBP/USD has a pending short pivot trade. There is a new pending long trade in the USD/CHF.
There are no significant news announcements during tomorrow’s session. Therefore, there are no mover’s trades for tomorrow.
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Grab 50 pips from the USD/JPY…
May 26, 2009
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Forex Profit Alert: May 26, 2009
May 26, 2009
The USD/JPY gapped down at the open of this session, +16 pips which triggered a gap trade. The EUR/USDgaped up +17 pips on the open of the new session triggering a gap trade. These two trades closed out at a profit.
The USD/JPY has a pending long pivot trade. The EUR/USD has a new pending short trade. The GBP/USD has a pending short pivot trade. There is a new pending long trade in the USD/CHF.
There are no significant news announcements during tomorrow’s session. Therefore, there are no mover’s trades for tomorrow.
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Double inside bar setup…
May 25, 2009
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