One approach to much anticipated market events like the FOMC meeting is to scan the major trading instruments in advance to select what look to be the best potential setup for both the bullish and the bearish outcome (assuming examples can be found to fit your trading and risk management strategies) Here are my thoughts leading into the Fed meeting.
Loading ...Today’ 5MADT comes to you from cool Melbourne. Another win overnight makes 6 successful trades so far. The Five Minutes a Day Trading strategy is so far in the black for the month of June that losses on every remaining day will still result in an overall profit of 68 pips – and any further … Read Full Story
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I’m in sunny Adelaide today – 5MADT is on the road. Last night’s trade stopped out. Still, with five wins under the belt June will show a profit regardless. I’ll publish the full results table when I’m back in the office on Friday. In the meantime, today’s prices: Order 1 : Buy at 1.3337, … Read Full Story
Loading ...After four successful trades in a row, the Five Minutes a Day Trading strategy stopped out on Friday night. All good things must come to an end. However, with five wins so far the strategy will make money for the month, even if there are no further winning trades. For traders working the strategy from … Read Full Story
Loading ...The Five Minutes a Day Trading strategy is delivering! Another successful trade overnight gives five from nine, and now means any trader who implemented the system from the beginning of the month is not only up 147 pips, but will make a certain profit for the month. it’s interesting to note that once again the … Read Full Story
Loading ...After a big session last night, the Aussie Dollar looks as though it has kicked off a significant corrective rally with a bang. Looking across the Aussie currency pairs this morning for buy set ups, AUD: CHF caught my eye as a situation where it may not be too late to use an entry based on a logical chart … Read Full Story
Loading ...Today’s wrap and technical outlook for indices, commodities and currencies
Loading ...This might be an interesting session for equity markets. The S&P 500 has come back to test key support levels it bounced off last week. Today’s candle on SPX CFD in the Asian time zone is red and working below supports. This is a much watched support level. So if weakness continues into the US session it could add … Read Full Story
Loading ...Three wins in a row, and the best start to a Five Minutes a Day Trading month yet. The scorecard now reads four successful trades from eight – well above the required run rate for a successful month. This means the strategy is up 108 pips so far.
Loading ...A 15% correction, oversold indicators, support level forming, interest rate differentials, intentions of central banks – how many reasons do traders want to buy AUD/JPY? While many traders are focussed on the recently volatile USD/JPY, and locals are watching AUD/USD closely given recent falls, there is a logical next step trade – AUD/JPY. The arguments … Read Full Story
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