FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

02/07/2012
Today continue with a short strategy for crude
S&P 500 (Mar 12) INTRADAY Review Yesterday we had a neutral strategy with a short entry at the overnight high 1337.50 as we expected a subdued session following Friday’s Employment report. The E-mini drifted higher following the US cash open and moved to test our entry level. Resistance was found and the market and drifted down to almost hit the pivot at 1334. From there the E-Mini ground back higher and interspersed with long periods of virtually complete inactivity the market managed to

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

02/06/2012
Drawing a Fibonacci from the high on Friday
S&P 500 (Mar 12) INTRADAY Review We had anticipated a mildly disappointing Employment report from the US on Friday and so had a short strategy. However, the Non Farm Payrolls number smashed all expectations coming in at 243k Vs 140k expected. Adding to the good news was the Unemployment rate dropped again down to 8.3% from 8.5%. This is one of the best employment reports for many months and took investors by surprise, the E-mini S&P spiked sharply higher climbing 10 points in a matter

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

02/05/2012
Worst Case Scenarios
FACTS ARE SACRED “Periods of drawdown occur in every strategy, accept this as fact and move on.� – Ryan Schofield “There’ no such thing as the best trading strategy. For a successful trader it’s far more important to employ different trading strategies simultaneously. There are good and bad times for every strategy.� – Frank Hassler Hello: While using a strategy in the markets, if we want to be perfectionists and look for all the small pieces, we’ll be overwhelmed by information overload. The

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

02/03/2012
Yesterday saw the EURUSD take a small hit in a difficult trading session
S&P 500 (Mar 12) INTRADAY Review Our short strategy for the E-mini S&P yesterday was spot on. The high of the day was set just before 16.00GMT at 1326.00 which was just 3 ticks over our entry level short. The market then drifted from the top of the range to the bottom of the range over the next two hours and bottomed out at our first profit target at 1317. Support was found and the market bounced and finished the session around the mid point of the range to complete a relatively stable

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

02/02/2012
This is an update on some of the movements in the markets
“The 1980s movie "Wall Street" coined the term "greed is good." But things are different in real life. When trading the markets, if you focus only on making money, it 's very likely you will lose it all. When greed takes over, traders make huge mistakes, such as betting everything in one single trade, or not using any stop losses.� – Joe Ross Hello: This is an update on some of the movements in the markets and what I’m doing about them, plus my losses and profits. The analyses are based on

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

02/02/2012
The USA continues to post numbers worse than expecte
S&P 500 (Mar 12) INTRADAY Review We had a short strategy for yesterday’s session as we felt the upside momentum seen in the European morning was not sustainable. Initially our entry short at 1319.25 did a good job at halting the upward trend and the market pulled back to one of our key levels at 1316.25. However, our first main profit target was not reached and our entry resistance only succeeded in creating a temporary pause in the upward move and three hours after hitting out entry the

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

02/02/2012
INTRA-DAY FOCUS!! USD/JPY OUTLOOK - 76.13 (02 Feb 2012 08:10GMT...)
Dlr has remained under pressure after meeting renewed selling at 76.35 in NY y'day, suggesting recovery fm 76.03 has possibly ended there n erratic decline fm 79.55 may resume n extend marginally be low said sup but 75.90/95 shud contain downside. Stand aside n look to buy on next fall for day trade. Abv 76.35 wud bring stronger gain to 76.42.

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

02/01/2012
It was an erratic session for Nymex crude yesterday
S&P 500 (Mar 12) INTRADAY Review Our long entry in yesterday’s strategy report was invalidated by the worse than expected US economic data. Chicago PMI and Consumer Confidence numbers both cam in worse than expected and this generated a reversal of the overnight rally. The high of the day at 1317.50 was tested just prior to the Chicago PMI release and from there the two pieces of bad data generated a 15 point sell off that bottomed out around our key level at 1303 before consolidation

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/31/2012
Yesterday the currency pair continued to fall in the afternoon
S&P 500 (Mar 12) INTRADAY Review We had a short entry for the E-mini S&P on yesterday at 1306.75 as we were very much expecting the negative sentiment downward trend to continue ahead of the EU summit. Unfortunately, the price action didn’t quite reach our entry as the market turned at 1304.25 at 13.30 before trending lower through both of our profit targets and bottoming out for the session at near two week low at 1296. The downward leg was helped by US personal income and spending

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/30/2012
On Friday, the euro rose to a near 7 week high against the dollar
S&P 500 (Mar 12) INTRADAY Review We had a short entry for the E-mini S&P on Friday at 1324.75. We were expecting some decent US GDP numbers to allow the S&P to rally back up to our entry point, however the GDP figure came in worse than expected at 2.8% and so in hindsight our more aggressive key level at 1316.50 was the best entry as the market sold off down through our second profit target as investor were concerned that the US economic momentum is not as strong as hoped. The low

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/29/2012
Unlock the Power of Everlasting Triumph in the Markets - Part 1
YOUR MINDSET MATTERS "Are you trading to learn or are you trading to earn? …Having goals based around financial outcomes when you’re still learning the basic skills of trading can actually be counter-productive. If you have expectations of earning from trading while you’re still learning, then it shouldn’t come as a major shock when you fail to meet those expectations! …There’ll come a point when you’ll be required to commit fully to your trading business. A time to narrow down the options,

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/27/2012
Today we are looking forward to an action packed Friday
S&P 500 (Mar 12) INTRADAY Review We had a short entry for the E-mini S&P on yesterday’s US strategy as we were uncomfortable with the index being at these levels ahead of an important weekend for the Eurozone. Our entry level at 1324.75 was in the end too aggressive as the market pushed above Wednesday’s highs after some very positive earnings from Caterpillar. However, our stop level at R1 1329.25 did the job of reversing the market and so as our actual stop order is always placed

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/26/2012
The majority still lose most of the time, and they still don't have to
“It’s important for a trader to have a solid approach and clear setups, which he then trades consistently without giving much thought to each individual trade. Since we’ve developed and internalized these setups, we can trade consistently.� – Philipp Schroeder Hello: The currency market’s incredible growth has done little to change the ratio of winning to losing traders. The majority still lose most of the time, and they still don’t have to. Reading some books, buying a charting program,

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/26/2012
Yesterday T-Notes finished up significantly firmer
S&P 500 (Mar 12) INTRADAY Review It was a day of two halves yesterday. The morning featured a downward trend off Tuesday night’s Apple high when even good German IFO numbers could not help the market skip back into mild negative sentiment risk-off mode. We had a short strategy as a result of the malaise with an entry level at 1311.50 but the market seemed content around the 1307 area ahead of the FOMC statement. The statement triggered a complete reversal in the market with a instant sharp

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/25/2012
Traders looking at a daily chart can see that as long
S&P 500 (Mar 12) INTRADAY Review Our short entry level for yesterday’s session was at 1309. This resistance worked well for most of the session between 16.00 when it was first reached and 20.00GMT. Although it was a good entry point short the market never really built any reversal momentum and so modest profits was the best case scenario for our strategy and at the closing bell the E-mini edged slightly higher to 1310 ahead of the Apple earnings report. Their earnings were exceptional with

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/24/2012
Yesterdays rally in the EURUSD took us up to a three week high
S&P 500 (Mar 12) INTRADAY Review It was a mixed session yesterday with ultimately the E-mini S&P continuing in a tight range with the market closing at 1311.25 which was exactly the same closing price as the day before. Our long strategy worked well in the first part of the afternoon with the drift lower into the US cash open hitting our entry level of 1311.50. The market then narrowly avoided our stop level before bouncing and going onto to make new highs and hitting our first profit

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/23/2012
The currency-pair advanced over 2% last week
S&P 500 (Mar 12) INTRADAY Review Friday’s session saw the tightest range on the E-mini S&P since the start of July 2011 with a high/low range of just 7 points. Activity was subdued all day as we had predicted with very little news flow as the market drifted into the end of the week at new 6 month highs. Our strategy was for a range bound session looking to get short at the top of the range at 1311.50. This level was finally reached right into the close and provided the resistance to

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/22/2012
Examples of the USDCAD Hedging Trades
"For me the most important thing is intuition. The markets represent an ‘intelligent chaos’ globally. This is a fantastic idea. There’s not a deliberate intelligence in the markets, it’s more of structural intelligence. I think that the only way to have good performance in the markets and to earn money is with the help of intuition.� – Jochen Steffens Hello: Here are a few examples of recent trades that were opened based on the rules of the strategy discussed here. This is what follows the

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/20/2012
The currency pair rose again yesterday
S&P 500 (Mar 12) INTRADAY Review Our long strategy yesterday worked perfectly as the sell off after the slightly worse than expected Philadelphia Fed numbers took the market down to find support at our entry point of 1304.25, which was Wednesday’s high, and from there the market bounced and hit our first profit target at 1309.75 45 minutes later. From there the E-mini S&P established a sideways range into the close between 1311 on the upside and 1308 on the downside. Overall it was

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/20/2012
INTRA-DAY USD/JPY OUTLOOK - 77.25 (20 Jan 2012) 07:46GMT...
20 Jan 2012 07:46GMT... INTRA-DAY USD/JPY OUTLOOK - 77.25 Dlr's current cross-inspired rebound suggests the pullback fm 77.32 has formed a temp. low earlier at 77.05, caution is advised on our short n 77.32/34 res needs to hold for prospect of another retreat later today. Trade fm short side with stop as indicated, break wud extend upmove to 77.50/56.

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/19/2012
Forex trading is nothing other than speculation on certain price developments
“Remember, the definition of effective trading is not solely connected to profit and loss, but to consistent execution. Profit that is not associated with a plan and follow-through of all of your rules is profit that is not helping you become a better trader.� – Dr. Woody Johnson Hello: Forex trading is nothing other than speculation on certain price developments. It’s not a prognosis. One has to be careful with market predictions, yet a negative trade shouldn’t cause consternation, provided

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/19/2012
Yesterday afternoon our entry point long at $110.53 acted perfectly
S&P 500 (Mar 12) INTRADAY Review Up until the European cash close yesterday the E-mini S&P was in a well defined range between our short entry level at 1297.25, which was last week’s high, and 1286.75 which in the end produced a great double bottom. Various IMF comments moved the market in both directions as messy details came down the wires as to how much they are looking to boost their fund by. The final figure is that they are looking to boost the fund by $500bln which would

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/18/2012
Crude prices endured a whipsaw session yesterday
S&P 500 (Mar 12) INTRADAY Review It was a session of two halves yesterday as the S&P had a strong rally up until midday before reversing the entire move to make new lows. The initial bullishness was following a string of positive macro news with China’s Q4 GDP, Germany’s economic sentiment survey and New York State manufacturing data releases all beating expectations. On top of this their was more positive sentiment generated by another very strong Spanish bond auction. This drove the

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/17/2012
The markets are still digesting the S&P downgrades from Friday
S&P 500 (Mar 12) INTRADAY Review It was a US bank holiday yesterday and so market activity on CME Globex was extremely subdued. The Emini S&P continued to show resilience in the aftermath of the S&P ratings downgrades on Friday and the market retraced the full scale of Friday afternoon’s sell off. Uncertainty can be a much more damaging influence than the actual negative news itself. The fact that investors can move on from this downgrade risk that has been hanging over the market

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/15/2012
The temptation to exit a trade early is sometimes huge
“To me, this is a no contest. I want to be liberated from watching the screen for hours on end on those days where the market goes nowhere. I also want to avoid psychological stresses as the market swings up and down. On good days, price moves directly to your target with barely a flicker. On other days, it gets there through a series of price gyrations. If you watch every move, your emotions are on a roller coaster as your paper profits expand and contract. The temptation to exit a trade

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/13/2012
The strategy worked very well yesterday
S&P 500 (Mar 12) INTRADAY Review The surprisingly bad US economic data yesterday resulted in our long strategy being stopped out in the sell off after the 13.30 announcement. Retail Sales ex Autos declined for the first time in six months and Jobless claims came in at 399k which is the highest number for six weeks. This break a run of consistently positive macro data from the US and so the surprise lead to a push lower after we had seen a very positive start to the session. Draghi’s

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/12/2012
Yesterday's S&P strategy was spot on
S&P 500 (Mar 12) INTRADAY Review Yesterday’s S&P strategy was spot on as the range bound choppiness during the early afternoon continually found support around our long entry point at 1280. The following the European close stocks managed to grind a little higher with the final push into the close taking the market up to find resistance right on our second profit target which was the October 2011 high at 1289.25. The price action was largely driven by Eurozone commentary with Fitch

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/11/2012
The week has started slow and we assume this to continue
S&P 500 (Mar 12) INTRADAY Review Yesterday’s session was significantly in that the E-mini S&P made a new six month high by breaching the October 2011 high at 1289.25 and topped out at 1292.00. However, ultimately this was the exhaustion point and the market retraced back under the key level and drifted lower into the close. There was no specific or sustainable reason for the risk-on push to the upside and so the fact there was no extension to the gains above this key technical level

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/10/2012
Crude finally closed flat on the day
S&P 500 (Mar 12) INTRADAY Review There are now 5 consecutive Djois on the daily chart for 2012. The difference between daily opening and closing prices has been 10 ticks, 5 ticks, 0 ticks, 3 ticks and 3 ticks so far as the markets remain in limbo until the next major development occurs. We had a short strategy for yesterday’s session looking to play the range. Our entry was at 1280 but the price action only lead to a high at 1278 and so the topm of the recent range was not reached as

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/09/2012
The E-mini sold off to hit our entry long at 1270.25
S&P 500 (Mar 12) INTRADAY Review The E-mini S&P opened last week at 1274.75 and closed the week at 1274.00 with four consecutive dojis on the daily chart. Having opened the year above the December highs at 1268 the E-mini S&P has struggled to push higher despite on-going better than expected US economic data. The Nervousness surrounding the Eurozone debt crisis lingers on and this for now is restraining the bulls at these levels. The payrolls number on Friday came out better than

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/09/2012
2012 – Another Year of Victory in the Markets
“Self-disciplined begins with the mastery of your thoughts. If you don't control what you think, you can't control what you do. Simply, self-discipline enables you to think first and act afterward.� - Napoleon Hill Hello: Happy New Year! The Year 2011 had come and gone - gone forever. What a difficult year it was! It was the most difficult year in my entire trading career, but I came out of it triumphantly. My trading results for the last year would soon be published. It’s no wonder that good

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/09/2012
Most novice traders don't have a trading plan
“Studies have been done between random entry systems and specific systems that use entries based off of chart patterns with amazing results. The random entry system typically outperforms the structured entry system when it uses money management (position sizing techniques) and a strong exit strategy (assuming that the structured system doesn’t employ money management tools).� - Chris Perruna Hello: This is an update on some of the movements in the markets and what I’m doing about them, plus my

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/06/2012
The Amplify model is predicting a bullish 207k
S&P 500 (Mar 12) INTRADAY Review We identified 1260.50 as our entry point long for yesterday’s US session with the strategy that Friday’s high would provide support. The downside seen at the US cash open and following the mildly disappointing ISM Non- Manufacturing number took the E-mini S&P down to our entry point and although it was a difficult trade to hold in the short term it turned out to be the perfect strategy as the market recovered and ground higher for the subsequent four

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/05/2012
The downside seen after 15.00pm yesterday
S&P 500 (Mar 12) INTRADAY Review We identified 1264.50 as our entry point long for yesterday’s US session with the strategy that last week’s high would provide support. The downside seen after 15.00pm yesterday took the E-mini S&P down to our entry point and although it was a difficult trade to hold in the short term it turned out to be the perfect strategy as the market recovered and ground higher for the remainder of the session finally reaching our first profit target just before

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/04/2012
INTRA-DAY!! USD/JPY OUTLOOK - 76.75
Update Time: 05 Jan 2012 00:47 GMT Next Update: 00:30GMT INTRA-DAY!!  USD/JPY OUTLOOK - 76.75 Dollar is expected to remain under pressure due to cross buying of yen vs other currencies, below Nov's low at 76.58 would confirm decline from October's high at 79.55 has resumed and further weakness would be seen, however, loss of momentum would prevent steep fall below 76.11 and bring a much-needed recovery later. On the upside, only above 77.56 would signal a temporary low is made and yield

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/04/2012
The sell off we expected yesterday that never materialised
S&P 500 (Mar 12) INTRADAY Review We identified 1268 as our entry point long for yesterday’s US session and ultimately the market did not quite retrace far enough with a low for the day being put in place at 1270.25 and our first profit target at 1280 capping the upside. It was a largely uneventful day with very little market activity as the S&P struggled to get going in the new year. Positive manufacturing data from the US, China and the UK was enough to maintain the positive sentiment

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/03/2012
The Euro ended the year on Friday
S&P 500 (Mar 12) INTRADAY Review The E-mini S&P closed out 2011 on Friday at 1253 which meant that for the entire 12 months the S&P closed just three points below where it opened. This is a strong outperformance when compared to most global stock indices demonstrating the optimism surrounding the US economic growth going into the new year. Better then expected Consumer Confidence and Pending Home sales numbers offset the slight disappointment in the Initial Jobless claims last week

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

01/01/2012
Yearly Trading Update (2011)
THE BIG PICTURE “You need a clear, regular method – that’s the difference. Only then do you have a feeling for the market that helps you survive. Everything else is analogous to the spawning behavior of salmon which swim against the tide in their quest to reproduce. Only about 10% arrive at the spawning grounds, the rest die on the way.� – Linda Raschke Hello: This is an update on some of the yearly movements in the markets. An actively traded instrument with good volatility will usually offer

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

12/25/2011
A Debt of Gratitude
YOU ARE A TREMENDOUS BLESSING TO THE WORLD OF TRADING "Don’t think a good idea or concept when shared will lose its effect, because in reality what happens is that most aspiring traders might hear them and see them, but will not value them. [...] When it comes to mastering anything it’s true that there aren’t any secret hidden ways of doing it, you just have to do it well enough until it becomes natural." - Gonçalo Moreira Hello: Compliments of the seasons! This year is gradually coming to an

FXstreet.com: Technical: Forex Signals
FXstreet.com: Forex Signals. Trading tips for your day-to-day trading.

12/23/2011
The market isn't interested in the trader's beliefs
“Quite often it's what you choose to not do that determines the success of your trading… The winning trader is the trader who knows how to cope with uncertainty… Coping with the uncertainty of the markets is vital for enduring success in the markets. The more you can accept uncertainty and find some way to deal with it, the more profits you'll realize… Although the markets are uncertain, it doesn't mean that you won't profit if you control your risk and trade with sound methods. Think of the