We're Bullish on the US Dollar Today ... and Tomorrow!
Do you remember what economists used to tell us about the global economy? If not, let me remind you. More…
Blogs: Newest Posts
Cowabunga System Daily Update: Monday, 01/05/09
The first trade of the new year was a small one but a good one as I grabbed a cool 11 pips. See how it all went down in today's Cowabunga Surf Report. (Video Included) More…
GBP/JPY Weekly Analysis (Wk Strt Jan/04/09)
Hey guys, Happy New Year, hope you had a great break. It's time to get back to trading. The markets will likely be quiet until next week but I will be watching closely. Here is the weekly analysis for this week: More…
Run Your Own Race
Many years ago, horsemen invented blinders to keep their horses focused on their work. Blinders are pieces of leather attached to the horse's bridle that prevent them from seeing anything except what's in front of them. Without blinders, a horse can see almost completely behind itself without turning it's head and can be easily spooked by movement or objects it doesn't recognize. More…
Cross-Eyeing: EUR/CHF - Close Trade
Greetings! Before I go off to celebrate and usher in 2009, I thought I'd end 2008 on a positive note by closing my short EUR/CHF position down and locking in a nice profit. More…
Pick of the Day: EUR/USD - Trade Closed
My trade was closed today as the Euro rallied against the Greenback, reaching highs around 1.4350 and hitting my adjusted stop at break even along the way. More…
Approaching Zero
The US Fed appears to have done the unthinkable - bring interest rates close to zero. Its actions seem to be aimed at kickboxing the economy out of doldrums. Monetary easing can be an effective tool to change the trajectory of economic growth, but such low levels of interest can prove dangerous. More…
USD/CAD - Trade Closed
Good morning! Looks like a great start to my week as my short position in USD/CAD reached full profitability this morning after a few tests of 1.2500 last week. More…
Jittery Markets Spell "Range-Bound"
One area of potential future movement within USD pairs may come from U.S. equity markets, based on the Dow Jones Industrial Average, S&P and Nasdaq. The Dow is now sitting at major resistance of the lateral range and descending mid-pitchfork More…
Crude Oil: A Key Level to Watch
One of the factors which has been center stage throughout this crisis is the price of crude. High oil prices were initially blamed for the fall of the US stock market. And yet, with oil trading at $52 a barrel, we find the Dow still hovering right around 7900. The question on everyone's mind... is what happens to the economy if oil should start to go back up? More…
End of day order
A trade order to buy or sell but closes at the end of the trading day. Hence- End of day order.
