Swing Trading

Hottrendsvideo.net wrote an interesting post today on
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By FX Insights
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Trade Team Call UPDATE (7/29/08 Call)

At 10:12 a.m. EST the FXI Trade Team issued a EUR/USD trade call to buy EUR/USD between 1.5615 and 1.5590, then buying again at 1.5570.
The FXI Team Call was officially closed at 3:02 a.m. EST as the EUR/USD reached the price of 1.5631. 
Minimum Pips Gained From Each Buy Level Traded: 
1.5610 to 1.5631 = 21 Pips
1.5590 to 1.5631 = 41 Pips
1.5570 to 1.5631 = 61 Pips
Total minimum pips gained: 123 Pips
Again this call is closed and paid out with full profits thus making all FXI calls ever issued 100% profitible and paid-out.
-FX Insights

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adriaani001 wrote an interesting post today on
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By FX Insights
Understanding Drawdown/Market Drops Part II

2. What causes the EUR/USD to drop or correct?
Profit taking – profit taking is one of the biggest factors that account for drops in the market. When a large bank or institution closes a multi-million or multi-billion dollar entry, this will have an adverse affect on the market, and cause the market to de-value the price of the currency based on the liquidation of that position. A profit taker literally takes money out of the market – somebody had to loose in order for that trader to win. 
Example: suppose you and I bet on a football game… you bet me $100 that the Packers would beat the Giants in the NFC playoff game… we both put our $100 dollars in a bowl… at the end of the game the winner would not only get his $100 back, but would get an additional $100… game’s over, Packers […]

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adriaani001 wrote an interesting post today on
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By FX Insights
Understanding Drawdown/Market Drops Part I

With the EUR/USD making anywhere from 300 to 600 pip swings the past few weeks, this has certainly caused a lot of confusion for newer FX traders, tech traders, and really just about any other trader that doesn’t quite understand the main factors that cause bigger market moves/drawdown/market drops/market corrections. 
For me it’s usually easy to identify why the market did what it did on a daily basis, because we can watch the correlated variables and we can watch price action to get the answers and piece the clues together… but every so often, like we saw last week, the market will make a 300 pip correction, which leaves many traders scratching their heads… 
The other confusing thing to traders is something like we saw last August – it was mid August when all the subprime and credit crunch stuff really hit the fan. Logic would […]

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adriaani001 wrote an interesting post today on
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By FX Insights
Trade Team Update - - 7/31/08

I don’t know about you, but trading the market this week has pretty much fried my brain and we still have NFP to contend with… don’t expect any sanity in the markets tomorrow because all markets react and respond to NFP. 
Today’s big event was the release of the GDP data. As we forecasted last night, the GDP data printed USD+, but printed below the market’s expectations. As you well know, the euro ran up and then fell down. 
Why did this happen? Very simple… the initial reaction was against the dollar because the expectations were running so hot that a growth rate of 1.9% looked pretty bad… perception is reality in this game… so, the market took the euro up, it hit my key upside level of 1.5698 to the pip and proceeded to make a dramatic drop. 
Some traders said the euro hit 1.5700 […]

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wrote an interesting post today on
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From Beads To Binary: The History Of Computing (Investopedia via Yahoo! Finance) July 31st, 2008 Investing today couldnt happen without the inventions of yesterday. Learn more here. Posted in Technical Analysis | No Comments » « Older Entries Tagsbreak-out buy charting charts Commodities currencies currency Dow Jones elliott wave EUR euro Fibonacci forex Fundamentals Futures fx index indicator MACD metals options pattern pre-market QQQQ rally resistance S&P sell short-

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wrote an interesting post today on
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Daily Market Commentary for July 28, 2008 from Millennium-Traders.Com Covered bonds are issued by banks and backed by cash flows from mortgages or other types of debt. Under this new approach, banks guarantee the bonds, thereby providing an incentive for less risky lending practices. (read more) http://www.millennium-traders.com/news/newscommentary.aspx […]

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Get Easy Article wrote an interesting post today on
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Daily Market Commentary for July 29, 2008 from Millennium-Traders.Com For rookies in these markets, it’s impossible to guess what the markets will do, one day to the next. Unless you have a crystal ball, any trader and day trader will merely, go with the flow of the markets and not try […]

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Get Easy Article wrote an interesting post today on
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Day Trading Monster Stocks (TradingMarkets.com via Yahoo! Finance) July 30th, 2008 Go inside the world of day trading with TradingMarkets Select Contributor Sam Patterson. In today’s market, Patterson’s powerful methods for trading monster stocks will guide you to do what only few traders can do. Posted in Technical Analysis | No Comments » « Older Entries Tagsbreak-out buy charting charts Commodities currencies currency Dow Jones elliott wave EUR euro Fibonacci forex Fund

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Technical Analysis Trading wrote an interesting post today on
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By FX Insights
Margin/Risk Management/Keeping Profits

At the end of this past week, a few reoccurring questions came up in the chat, so I’m going to make a thread to specifically address each one.
What you’ll read here is simply me explaining my trading style and how I do things based on the training I’ve received under Cisco and how I’ve used his training to develop my own style.
I won’t claim my way is the best way or the right way, it’s not a matter of right or wrong, this is just how I do things and it works for me with much success…
Margin and Risk Management…
First and foremost, it is my job to be a risk manager/money manager, and secondly, I am a trader. If I fail at risk management, I fail as a trader, so risk management always takes precedence over being a trader.
On all of the accounts I manage, I […]

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wrote an interesting post today on
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Addressing A Traders Flaws (TradingMarkets.com via Yahoo! Finance) July 30th, 2008 It’s not a mystery that traders sometimes come to the trading desk with some kind of baggage from the past. But, knowing who YOU are as a trader, can add to your profitability, as well as, to the quality of your life. Posted in Technical Analysis | No Comments » « Older Entries Tagsbreak-out buy charting charts Commodities currencies currency Dow Jones elliott wave EUR euro Fibonacci forex F

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