Tag Archives: USD

5MADT – Another Win – June 7

Trading in EUR/USD overnight was perfect for the Five Minutes a Day Trading strategy. The buy order was triggered by the barest of margins, 0.3 of a pip!. The  market then marched steadily to the take profit level (and beyond). … Continue reading

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5MADT – Miss, but Still in the Black – June 6

A stone cold stop out last night. One from three wins so far – the strategy must average one from four to make a profit. In the February campaign, there were nine losses in a row before a late month … Continue reading

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Five Minute Trading – Just Missed – June 5

The 5MADT trading strategy just missed last night. The market traded lower from our reference point, but missed triggering the buy order by 1.5 points, then rallied hard, triggering the sell order and then the stop loss in quick succession. … Continue reading

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AUD/USD Sea Change

The AUD/USD pair bounced off an important support level in the last 36 hours, at 1.0150. Today, stronger than expected jobs numbers in Australia added support, but the big picture is deteriorating. A fall through the key support not only … Continue reading

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Buy EUR/USD on Incompetence

Just when it seemed safe to re-enter the Mediterranean waters, European finance ministers have found another way to de-stabilise the global financial markets. However, the immediate response to plans to dip into depositers savings to cover a funding gap appeared … Continue reading

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AUD/USD – Boundary Protection

Yesterday’s post – Buy AUD/USD on Trend Break – showed my stop entry order. After the release of jobs data today, AUD/USD rocketed higher, through the stop entry order at 1.0337. I should be long AUD/USD. However, my account shows … Continue reading

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Buy AUD/USD on Reversal

The AUD/USD appears to be breaking upwards, breaching both resistance and a the medium term trend line. Fundamentals are less clear – many commentators are attributing recent weakness to anticipation of further interest rate cuts – a condition that was present … Continue reading

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USD/SGD – Triangle Alert

Advance readings on GDP for Singapore suggest the period of prolonged weakness is coming to an end. Combined with the US Fed’s ongoing action to weaken the USD, there is a case for short positions in USD/SGD (short USD long … Continue reading

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Sell EUR/USD on Jobs

Fundamental strength in the USD, a clear trend break, and a “trigger” in the form of US non-farm payrolls (NFP) numbers tonight ticks a lot of trading boxes.

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USD: JPY – Japanese election puts 2nd reversal target into play.

The sell set up I posted on Thursday failed to trigger. After the weekend’s convincing election win by Shinzo Abe, Dollar: Yen gapped higher this morning with traders anticipating a more aggressive approach to both fiscal and monetary stimulus in Japan. The net result – a good … Continue reading

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