FreshPips.com / User / fxhottie / Submitted

MPC Meeting Minutes: Not as Bullish as You Think!

posted by fxhottie 484 days ago in GBP, Fundamental, Daily made popular 483 days ago

Well, well, well... It seems the wolf pack has grown by one! Andrew Sentance, a former lone wolf calling for a rate hike, has found a bro in Martin Weale, according to the latest monetary policy committee (MPC) meeting minutes.

Discuss

Divergences and Inflection Levels Galore on EUR/USD

posted by fxhottie 484 days ago in USD, EUR, Technical made popular 484 days ago

Good evening! We got a few second tier events on the Forex calendar today with no major surprises, so it was an environment perfect for some support & resistance plays. EUR/USD was the perfect example today as divergences signaled some easy setup

Discuss

Using ATR to Calculate Potential S&R Levels Daily

posted by fxhottie 485 days ago in GBP, Technical, Daily

It was a "ho hum" day in terms of price action as the FOMC interest rate decision compelled traders to wait on the sidelines until the announcement, and once 2:15 pm ET hit, there wasn't much to get excited about either. So, with the market not g

Discuss

GBP/USD Stabilized at 34EMA Wave Support

posted by fxhottie 487 days ago in USD, GBP, Technical made popular 486 days ago

Most of today's forex talk focused around the GBP/USD since that was where the headlines and traders were focused. The cable while weak has set up a swing buy opportunity on the daily and I walk through the set up on today's show.

Discuss

Easy Range Setups on EUR/USD

posted by fxhottie 487 days ago in EUR, Technical, Fundamental made popular 487 days ago

For all of you Nostradamus types who thought my "Pick of Day" would be on that awesome surprise UK GDP inspired move on the British Pound...sorry but that'd be too easy. Plus Huck's got a trade idea on Cable, so I'll let her study that market wit

Discuss

RBNZ Rate Preview - A Hint of Hikes to Come?

posted by fxhottie 487 days ago in NZD, Fundamental, Inflation made popular 487 days ago

Much to the dismay of Kiwi bulls, in late 2010, the RBNZ decided to hit the pause button on rate hikes. Will it flip the script tomorrow and finally increase rates again? Read up on what to expect from the RBNZ's big interest rate decision!

Discuss

A Simple Break and Retest on AUD/USD for Big Profit

posted by fxhottie 488 days ago in USD, AUD, Technical made popular 488 days ago

For today's "Pick," I'd like to study price action in AUD/USD as we saw a nice one way move after breaking the tight Asia session range and Friday's high. This is a great chance to study the simple "Break and Retest" strategy for a nice return-on

Discuss

Cable Bulls Bested by the Bears at 1.6000

posted by fxhottie 492 days ago in GBP, Technical, Fundamental made popular 492 days ago

What a day for currencies as China's read on various economic data points today brought out the beast every US Dollar seller fears--risk aversion. China's inflation situation, coupled with weak UK CBI industrial trends data and positive US data l

Discuss

The Top 3 Risks to Global Economic Recovery

posted by fxhottie 492 days ago in USD, EUR, Fundamental made popular 492 days ago

Since it's only January and we still have the whole year ahead of us, I figured now's as good a time as any to outline the risks that the global economy faces in 2011. It's always good to know what we're up against, right?

Discuss

Doji Stars and Divergence on NZD/USD

posted by fxhottie 493 days ago in USD, NZD, Technical made popular 493 days ago

Good afternoon! Today was full of nice reactions and great trade setups like Cable's range in between its opening price and the top of its daily range and USD/CAD finding support at the bottom of its daily range, but my "Pick of the Day" goes to

Discuss

EUR/USD Reversal at Last Week's High

posted by fxhottie 494 days ago in USD, EUR, Technical

Good evening! Got some fresh data today to spark a bit of volatility in the markets. We saw plenty of great reactions to my usual inflection points in the majors, but the best setup of the day in my opinion goes to a reversal signal in EUR/USD. C

Discuss

Fear Can be Good for Trading

posted by fxhottie 496 days ago in Weekly, Trading Psychology

In the most basic sense, fear is defined as the emotional response to a perceived threat. When someone is faced with danger of any kind, fear kicks in, which, in turn, elicits a response.

Discuss