Market Hours

Simple Break Out Strategy

Here is a great breakout strategy that just made me 10 pips on USDCAD. When you see price action go flat (usually after US market close and before UK, EU, and US Open) simply draw your trend lines and visually determine a good entry point 10-20 pips above and 10-20 pips below the high and low of the narrow channel that’s developed.

Place entry orders above the highs and below the lows to grab 10 pips and voila…

Some factors to consider…

Upcoming News Times
Market Open / Close Times
Elapsed Time

This is a preview of Simple Break Out Strategy. Read the full post (105 words, estimated 25 secs reading time)

Tags: Breakout, Market Hours, Newstimes, Trading Strategy

Wednesday, April 28th, 2010 Trading Strategy No Comments

Slow Trading on Easter Friday

There was a 100pip spike on most currency pairs today due to the US non-farm payroll reports. The Economy added 162,00 jobs in march, just shy of the 184,000 expected. The official unemployment rate is at 9.7%. This resulted in a higher USD. The Yen pairs dropped today across the board. The good news is that the majority of the jobs added accounts for private section.

Other than that trading is fairly slow and flat. The European Markets are closed today for Easter Friday and while the US Market is Open, it is likely in vacation mode.

This is a preview of Slow Trading on Easter Friday. Read the full post (148 words, estimated 36 secs reading time)

Tags: Economic Calendar, Market Hours, Non Farm Payroll Report

Friday, April 2nd, 2010 Day Trading, Online Trading, currency trading No Comments

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