forex trading


Here’s my list…

 Daily FX  http://www.dailyfx.com/
 Forex News  http://www.forexnews.com/
 Forex Markets  http://www.forex-markets.com/
 Forex TV   http://www.forextvblog.com/
 Fx Instructor  http://blog.fxinstructor.com/
 Trader Radio  http://traderradio.net/
 

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I received a comment requesting more details on my 10 to 15 pips a day strategy.
In all honesty it is a work in progress. My goal is to find the best setup opportunites.

I  trade the EurUsd between 7:30 a.m. & 1:00 p.m. (New York time).  I try to take advantage of the morning market movements.  I use the RSI and MACD indicators to gauge when to enter the market.  I would also suggest monitoring the website Fxstreet Advisor. It has great insider market commentary. 

If you have any comments or suggestions send me a post.

Good luck to all. 

Market Thoughts-
  US data released tomorrow- leading indicators, jobless claims and the Philly Fed report.

Analysts say- The fundamental focus of the day will be the Philly Fed report.
The dollar is oversold but will it matter.

Can the EUR/USD go any higher?

Trade –
  Short EurUsd 1.3491 / closed 1.3477

Market Thoughts- 
  US data to be released tomorrow – Trade Balance, Producer Prices
  & Consumer Sentiment

Analysts are expecting  the reports to be dollar negative.

Good luck to all.

Trades-
  Long EurUsd 1.3432 /closed 1.3420
  Short EurUsd 1.3430 / closed 1.3411

I decided to hedge my trades today and enter the market 10 minutes before the FOMC minutes were released.  Overall I did make a profit.  However I was expecting the Euro to drop much more after the hawkish comments from the FOMC transcipt.

Market Thoughts –
  ECB President Trichet speaks at a press conference on Thursday. 
  I will be paying close attention to his post meeting comments.

Good luck to you all.

Trade –
  Short – EurUsd 1.3442 /closed 1.3430

Market Outlook-
 Tomorrow the FOMC minutes will be released.
 Analysts say this could lead to some support for the dollar.
 We will see.

 Good luck to you all.
 

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