24. June, 2008 Hey traders, markets are range bound, no clear trend… So, I am wondering myself “if is worth it to be at the trading desk on the day like this”….USD/JPY broke the resistance line from yesterday and now its dancing around here, so I didn’t open any position. Its interesting that...

The EUR/USD 4-hour chart, as shown, is showing some interesting technical indications. On a long-term basis, this key pair is currently mired in a horizontal trading range, or consolidation. On the 4-hour chart, price is shown to have just bounced down off a significant resistance level after an...

9. June, 2008 Traders welcome back. We saw bad news for the US on Friday, which means that we didn’t play the game like I planed. My plan didn’t work out to put some longs on USD/JPY and shorts on EUR/USD after NFP report. However, we didn’t trade it, but the setup was very good, cause any good $...