Monday, May 17, 2010 There was no economic reason for the Euro to pullback, though it was due for a pause after last week’s emotional sell off.  It didn’t hesitate to push through old lows, however and stayed below the highly psychological level of 1.25 giving more reason to believe the market was on board [...]

Last Thursday I made the case for the upside of backtesting in the first part of this series about…can you guess it?… Backtesting!!!  (Background noise of “Yea!!”) I discussed, in that post, the benefits to a trader’s psychology when they regularly backtest their theories and ideas.  Today, however, I’d like to take the opposite side [...]

Here’s a thread for you folks who are still trading at the end of the week. I’m still short the new E/J and the G/J positions that we talked about in yesterday’s WLW, but that’s it for me and I won’t be adding any other trades. Have a great rest of your week and I [...]

Remember:  The purpose of these trade alerts and watchlists is to keep discussion going about what’s going on in the marketplace.  It is not my intention to have you trade what I trade, simply to tell you which trades I take that we’ve talked about at the WLWs. In order to make this the best [...]

Remember:  The purpose of these trade alerts and watchlists is to keep discussion going about what’s going on in the marketplace.  It is not my intention to have you trade what I trade, simply to tell you which trades I take that we’ve talked about at the WLWs. In order to make this the best [...]

Remember:  The purpose of these trade alerts and watchlists is to keep discussion going about what’s going on in the marketplace.  It is not my intention to have you trade what I trade, simply to tell you which trades I take that we’ve talked about at the WLWs. In order to make this the best [...]

Remember:  The purpose of these trade alerts and watchlists is to keep discussion going about what’s going on in the marketplace.  It is not my intention to have you trade what I trade, simply to tell you which trades I take that we’ve talked about at the WLWs. In order to make this the best [...]

Remember:  The purpose of these trade alerts and watchlists is to keep discussion going about what’s going on in the marketplace.  It is not my intention to have you trade what I trade, simply to tell you which trades I take that we’ve talked about at the WLWs. In order to make this the best [...]

Monday: The Euro experienced a much needed and well timed recovery thanks to Germany’s phenomenal bump in Exports from 5.1% to 10.7%, crushing the market’s expectation of 3%.  The gains couldn’t out pace the fear facing the market under such strained conditions, for the Euro specifically one word:  Greece. Driven by more risk aversion the [...]

The thrill of the trade (and the potential gains that puts $ signs in everyone’s eyes) is a huge draw to the forex market.  It is thrilling; you’re looking at potentially changing your entire lifestyle by changing one, seemingly simple, thing in your life.  You’re going to trade for living. We all know that it [...]