Sometimes in conducting our analysis and formulating trade ideas, it’s important to notice what the market does not do. The chart below is a 1-minute snapshot of the 6B (GBP FX Currency Futures, equivalent of GBP/USD for forex traders) from last night, Thursday 25 Mar 10. The market was established in a downtrend with a…
I thought I’d share some recent email Q&A on the topic of active versus passive trade management. There is so much more that could be written on this subject. Hopefully you’ll find this initial email question and reply to be of interest. Feel free to share your thoughts as well if you agree or disagree….
My plan on Wednesday was to trade the US forex session; not because I expected the best opportunity at that time, but because that would be the only time period that would not be impacted by ‘family time’. Then unexpectedly, at around 7:15pm (early UK session), my wife and kids decided to head over to…
