August 26, 2014

The 3 Markets I Have Traded The Most In August 2014

August has been quite an interesting month because despite the fact that volatility has been low in the previous few months, and August is notoriously quite a quiet month, we have actually had some decent price moves in recent weeks.

However I have just been looking through my trading records, and as I suspected, it is not the forex markets that I've been predominantly trading this month.

The two markets that I have traded the most (by quite a distance) are Crude Oil (US) and the Dow Jones, followed by the GBP/JPY pair, which is a pair that I don't usually tend to trade that much.

The reason why I have focused on these markets in particular is quite simple - these are some of the biggest movers on a day-to-day basis right now.

Whilst some of my favorite pairs, such as the GBP/USD, EUR/USD and USD/JPY pairs, have seen their average daily trading ranges drop quite considerably in the last few months or so, the GBP/JPY is still trading in an average range of 70-80 points every day.

The Crude Oil and Dow Jones markets have been better still because these will often trade in a range of 120-130 points on average every single day.

So there have clearly been plenty of opportunities to make some decent returns trading these three markets in particular.

With the EUR/USD and USD/JPY pairs trading in a range of around 40 points on average, it is obviously a lot harder to squeeze out any profits, which is why I haven't traded them very much this month.

Looking ahead I am hopeful that volumes will pick up across all of the major currency pairs once August is over, but for now I'm happy to trade some of the more volatile markets, particularly as I have been looking to enter a lot more out-of-the-money binary trades just recently.

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August 25, 2014

GBP/USD Analysis For 25 August 2014

It's a bank holiday here in the UK, which means that I won't be entering any trades today. However before I switch off my computer and have a relaxing day off, I just want to have a quick look at the GBP/USD pair because this is at a critical point right now.

I've written quite a lot about this pair in recent weeks because it's suddenly burst into life. For example, I posted about a downward price breakout when the price broke out of a narrow trading range and headed below 1.6800, and then posted an update about a week later which confirmed that this was a valid breakout.

I then posted this article on 15 August that pointed out that the GBP/USD pair has closed below the 200-day exponential moving average (EMA) for the first time since August last year, which was a very bearish signal, and highlighted the fact that the Marketclub trade triangles had just posted a sell signal on the monthly time frame, which is another really negative signal for this pair.

Well since then this pair has continued to fall as it now trades around 1.6580 and despite numerous indicators indicating that it is heavily oversold, it has yet to bounce back.

Despite the weak signals mentioned above, it's still too early to write off the pound completely and start diving into short positions. It could easily trade sideways for a while and move back up towards 1.6700 in the short-term.

However if the 20 and 50-day EMAs (indicated by the green and red lines) cross below the 200-day EMA, which could happen in the next week or two, then it could easily hit some of the key fibonacci retracement levels at 1.6284 (38.2%) and 1.6003 (50%) in the next few months, and could potentially fall to 1.5722, ie the 61.8% retracement level, looking further ahead.

gbpusd25aug2.png

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August 21, 2014

74% Accurate Day Trading Software Is Released This Weekend

This week I've been telling you about some new day trading software from Casey Stubbs that apparently has an overall win ratio of 74%.

Well I have since found out that the name of this software is StrikeTrader and it's being released to the public this weekend.

However the only way to get access to this day trading software is by attending one of the online webinars that are being held over the weekend.

In these webinars Casey will reveal more about the ins and outs of this product (including the latest live results), answer questions from the attendees and discuss his special release offer for everyone that attends. He will also tell you about the performance guarantee that is included with this software.

If you are interested in attending one of these webinars, simply click here to register for one that fits your schedule.

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August 20, 2014

Why It's A Good Idea To Trade Other Markets Besides The Forex Markets

A lot of traders find that they are eventually able to make consistent profits trading the forex markets. So they will therefore find themselves trading the same pairs every single day, such as the GBP/USD, GBP/JPY, EUR/USD, USD/JPY and EUR/GBP pairs, for example.

However when the currency markets go through a bit of a lull, which they have done in recent months, you should always consider using your strategy to trade other markets because these can be equally as profitable, if not more so.

To give you an example, I have found myself trading the Dow Jones and crude oil more and more this month because these are very volatile at the moment and have large average daily trading ranges right now (127 and 130 points respectively).

I've also found myself trading one or two pairs that I wouldn't normally trade that often, such as the GBP/JPY, for instance, simply because this has an average trading range of 81 points, as opposed to my usual favorites - the GBP/USD and EUR/USD pairs - which are now just 58 and 45 points (although they have picked up in recent days).

This is a critical factor for me because I've been placing quite a few binary trades just recently, mainly focusing on out-of-the-money trades where you need big price movements. So trading the low volatility forex pairs simply wasn't an option.

Anyway the point is that you shouldn't let yourself become blinkered. If you only ever use the same strategy trading the same forex pairs, there is always the possibility that you will come unstuck if market conditions change.

It works the other way around as well because those people who only ever trade the major indices, such as the FTSE or the Dow Jones, should consider switching to forex trading if currencies suddenly become a lot more volatile than these indexes.

The reality is that there was lots of markets for you to trade, and if your strategy works on one type of market, it may well work just as well on other markets as well.

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August 19, 2014

Video Of New Day Trading Software In Action

If you recall from yesterday's post, I mentioned a new day trading strategy that has been developed by Casey Stubbs and his team at Winners Edge Trading, and linked to an introductory video that Casey has recently posted online.

Well there is now a second video available that goes into a lot more detail, and reveals how this powerful day trading software performs in live markets.

If you have already entered your name and email address, you should have already received a link to this new video. Otherwise you can access it by visiting this page.

This software, which has an overall success rate of 74%, hasn't yet been officially released, but these two videos should help you decide whether or not you wish to add this tool to your armoury in order to boost your profits trading the shorter time frames.

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August 18, 2014

New Forex Strategy For Short-Term Traders

There aren't that many trading systems that are capable of making consistent profits on the shorter time frames, but Casey Stubbs and his team at Winners Edge Trading have recently been developing a strategy that apparently does just that.

It is designed to grow your account on a daily basis, and the early signs are very promising because it has an overall success rate of 74%.

I've known Casey for several years now and I understand that he's very excited about this particular trading strategy, so it's definitely worth spending a few minutes to check it out for yourself.

You can find out all about this short-term trading strategy by watching this video that Casey has recently posted online.

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