Seth Dompreh / Blog
I’ve continued to focus the bulk of my trading on these three setups highlighted this week. Keep in mind we’re heading into a holiday weekend with the close of the month / quarter on tap next week...
The NZD/USD is currently retracing, after posting a new yearly high last week at a price of .6874. As the pair declines, traders looking to join the trend may plan for the pair’s next major breakout. To do so, an entry order may be considered one pip above the high at .6875...
How many times in your trading career have you scraped a trading strategy? Frustration in trading often peaks when a strategy comes upon a series of losses that leads many to completely start over...
How many times in your trading career have you scraped a trading strategy? Frustration in trading often peaks when a strategy comes upon a series of losses that leads many to completely start over...
Trading resumes after the Easter holiday. The multi-week trend is bullish since mid-February and the March 10 low of 6006 is the trend defining low, being the most recent swing low after that of February 24. Please see the chart below...
A marked pickup in U.S. household sentiment may drag on EUR/USD as it puts increased pressure on the FOMC to further normalize monetary poli...Continue Reading...
The US Dollar may rise as comments from Fed officials boost speculation that the central bank will deliver more interest rate hikes than markets have accounted for. Continue Reading...
We’re heading into the close of the month / quarter this week and while we’ll want to stay nimble, the focus remains on the AUDUSD, USDCAD & GBPJPY setups highlighting last week. Keep in mind event risk is light ahead of Friday’s highly anticipated Non-Farm Payroll report...
EUR/USD...
Small traders hold their largest Australian dollar net long position since the April 2013 top at 1.1080. A multi-year high in net-long posi...Continue Reading...