I hope so since thanks to Ambush we're short the USD across the board today. Entry in the Euro FX Future for example was at 1.11825 around the low of the day.
Trading Educators Blog
Just posted a new video on our youtube channel about Trend Following. I decided to look into this in depth a few months ago and these are my conclusions from a traders perspective. Enjoy!
With the ICE rising their market data fees to $117 per month, many traders are thinking about alternatives to trading the Russell 2000 (TF) for example. Sure, it's just 12 ticks in the TF you might say, but that doesn't make it better...any additional trading costs you can save, you want to save! Regarding the Russell 2000 (TF) you might want to have a look at the EMD traded at Globex. Yes it has ...
After my last two spot-on calls on the EUR/USD, here's the next one, plus a video on why you shouldn't pay any attention to it: My feeling is that since everyone expects the EUR/USD to correct right now, it won't but will instead move up for another day or two. Again I won't trade on this, actually I'll probably be short again tomorrow... And here's the video why you shouldn't care about any marke...
This is a quick follow-up to my last post about the strong move we've seen post-ECB last week. As expected the Euro is now pulling back, coming close towards a possible strong support area. So you might want to keep an eye on this market around 1.0975-1.1050 for a short- to medium term bounce. PS: As a systematic trader I won't take a trade based on my opinion and a few lines in a chart. But ...
Today we had the long awaited ECB press conference and Draghi did his thing by surprising traders with their decisions. This is what happened so far (13:00 NY Time) and as you can see the volatility hasn't been that high for weeks with EUR/USD moving 400 pips intraday. So what to do on such a day where you can expect higher volatility than usual? Take trades or not? For me it's a no-...