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Sterling Reaches 13-Month High Versus Dollar

posted by Avatar fxhottie 452 days ago in GBP, Fundamental, Inflation

The pound strengthened to above $1.63 for the first time since January 2010 after an unexpected rise in U.K. house prices and manufacturing sentiment at a record high boosted speculation that interest rates may rise. read more
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Channel Break Higher on Cable

posted by Avatar fxhottie 466 days ago in USD, GBP, Technical made popular 466 days ago

Inflation data from the Bank of England today was enough to get traders to push GBP/USD higher out of a short-term channel lower. Is the consolidation over and is Cable ready to move higher? read more
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Setting a Maximum Trading Loss

posted by Avatar fxhottie 470 days ago in Weekly, Trading Psychology

I'm willing to bet all my Apple-manufactured possessions (including my future iPad2) that at least once in your trading career, you've felt the need to take more trades even though the losses you've already incurred more than your usual daily los read more
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No News? Go With Range Plays!

posted by Avatar fxhottie 473 days ago in USD, AUD, Technical

With my swing idea orders from yesterday's post cooking, I thought I'd switch back to "Pick of the Day" mode with a price action review on AUD/USD. No news day ahead of big events generally means ranges may rule. Check it out! read more
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Cable Taking a Breather Before Moving Higher?

posted by Avatar fxhottie 474 days ago in USD, GBP, Technical made popular 474 days ago

Good evening! I'm watching Cable as the pair retraces after making highs last week around 1.6280. Is there another opportunity around the corner to jump in the trend higher? Let's take a look! read more
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State of the Forex Industry Address

posted by Avatar fxhottie 475 days ago in Weekly made popular 475 days ago

Traders all over the world, lend me your ears! I have for you today the lowdown on the most recent BIS triennial survey! See how the Forex market has grown in the last three years. read more
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Long USD/CAD: What Do YOU Think?

posted by Avatar fxhottie 478 days ago in CAD, Technical, Oil

It's that time of the week again when I get to cook up a good trade idea! Read on to find out why I want to buy USD/CAD this time... read more
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Non-Farm Payrolls: Joy or Heartbreak?

posted by Avatar fxhottie 478 days ago in USD, Fundamental, Employment

Ah, the month of love. With the non-farm payrolls report just around the corner, will we have something to celebrate about? Or will we get another heartbreak? read more
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Shooting Star and Divergence at the Top DATR on Cable

posted by Avatar fxhottie 479 days ago in USD, GBP, Technical made popular 479 days ago

For today's price action study, I'll review a setup I like to call the "Trifecta." Basically, it's a candle pattern and divergence forming at an inflection point, and when you see this bad boy, it's a good signal of a potential reversal. Check it read more
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Turmoil in Egypt: Oil Crisis in the Making?

posted by Avatar fxhottie 479 days ago in Fundamental, Daily, Oil made popular 479 days ago

The political hoopla in Egypt has somewhat subsided in the past few days, but worrywarts of global markets are just getting started with their anxiety spells! Find out how Egypt's protests could affect oil prices, the comdolls, and even the Green read more
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China is Bigger than You Think

posted by Avatar fxhottie 480 days ago in Fundamental, Daily, GDP made popular 480 days ago

One of the news events that cut into your Australian Open TV time a couple weeks back was the stellar results on China's GDP report. According to estimates, China expanded by a whopping 9.8% in the final quarter of 2010. read more
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The 5 Most Common Mistakes Newbie Traders Make

posted by Avatar fxhottie 484 days ago in Weekly, Trading Psychology made popular 484 days ago

It isn't always easy being a noob. Whether it's in taking on a new job, starting your own business, or trying out a different sport, the degree of uncertainty in a new and unfamiliar undertaking can sometimes be overwhelming and push you to commi read more