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We’ll begin tonight be recapping yesterday’s trading. Unfortunately, we don’t have much good to say about our trading, but we will use it as an opportunity to “teach” a bit. We were stopped out of our trades last night, since we were looking for a short. Now, you have heard us talk about the ability [...]

We had another great night of trading last night. After sitting out 2 nights ago, we found a safe entry level at 1.8830 and went short. We were almost stopped out (1.8870), but, thankfully, that didn’t happen. Within a few hours of reaching the high Cable fell hard and turned our trading day into a [...]

Alright, another night’s trading has gone by and now we have a potential trade setup. First, though, let’s go over last night. In case you have forgotten, we sat on the sidelines last night, so for us there was no trade. Now, to give credit where credit is due. For the traders who did go [...]

Let’s start this week by looking at the end of last week. We mentioned that we are extremely cautious of Fridays. We generally don’t trade, or trade less, on Fridays. For some reason, we have not had much luck with trading on Fridays. Levels that hold as support or resistance all week long crumble like [...]