Trading University Daily

Both the GBPUSD & GBPJPY look to start the trading week pointed lower with the short term trends for both the daily and weekly charts now down.  While GBPJPY appears a bit of a wild card because of the G-7 commitment to supporting USDJPY, thus adding a definite uncertainty to the short leg of GBPJPY, [...]

This morning during the London session we highlighted GBPJPY — aka The Dragon — in our Live Market Exercise because we recognized it as having an attractive price pattern – lined up on it’s higher time frame trends –and thus a favorable environment for longs. The Dragon has definitely regained some of its heat, as it [...]

Let’s face it, trading the yen pairs has not been the easiest undertaking these past couple of years, and this Weekly GBBJPY chart summarizes why. The once volatile “dragon”, as this pair was called, can barely muster a warm cough lately. Laying there on the chart it looks like it’s literally had the life wrung [...]

Daily Forex Report for 8/25/10  Click the link below to view Jay’s Daily Forex Report for 8/25 where he covers the major currencies and the U.S. stock market. http://link.brightcove.com/services/player/bcpid86410614001?bctid=595153270001 Teresa Bell www.trading-u.com DISCLAIMER: Forex (off-exchange foreign currency futures and options or FX) trading involves substantial risk of loss and is not suitable for every investor. Risks include the potential that [...]

Daily Forex Report for 6/11/10  http://link.brightcove.com/services/player/bcpid86410614001?bctid=91427748001 Click here to view Jay’s Daily Forex Report for 6/11 where he covers the 7 major currencies, the U.S. stock market, and gold. Teresa Bell www.trading-u.com DISCLAIMER: Forex (off-exchange foreign currency futures and options or FX) trading involves substantial risk of loss and is not suitable for every investor. Risks include the potential [...]

I can only start to tell you how important it is to traders to understand what is happening in the market on the higher time frames and how to coordinate that information to take advantage of trading on the lower time frames. For me trading is so much easier knowing I’m entering trades with the [...]