The USDCAD trade from yesterday would've worked an absolute treat. The price has reacted really nicely from the top of that channel. That's the sort of trade I absolutely should've taken without confirmation. In my view the price will need to break ...

Mike's EURUSD Trading Room

Planning a short position on the USDCAD. 5-minute price action is already suggesting a reversal but I'm going to wait for the close of the current 15-minute bar. There's a lot of confluence in this trade so I want to get the entry right the first ...

Mike's EURUSD Trading Room

Long the GBPUSD, looking to fade this USD surge. The USD Index has ticked into what I perceive as supply and the EUR has found demand at around 1.1125. The Pound should follow suit. Looking to get out around the 61.8 fib level. Mike EDIT: 10 pip ...

Mike's EURUSD Trading Room

Planning a long position for the GBPUSD from any key level below 1.44435. Of particular note is the 1.440 level. Mike image

Mike's EURUSD Trading Room

Don't worry, the real play there was on the GBPUSD. I've closed out my AUDUSD trade for 1:1 (10 pips profit) after watching other pairs nosedive 50 pips with the Aussie only bailing about a fifth of that move. Still, first trade for the week is a ...

Mike's EURUSD Trading Room

Short the AUDUSD @ 0.71255. Mostly based on the 5-minute set of reversal candles at a key round level showing signs of reaction to previous excess supply. Mike image

Mike's EURUSD Trading Room

The USDCAD/GBPUSD trade I looked at late last week seems to be working nicely. The new 61.8% Fibonacci level is holding nicely. I'm definitely treating the USDCAD as rebounding from supply at this point and will be favouring short positions. The ...

Mike's EURUSD Trading Room

USDJPY Price action is very much rangebound. Sell the highs, buy the lows, respect the breakout. image USDCAD The approximate inverse of the GBPUSD. Looking at short positions from the 61.8 fib level. Definitely some interesting setups for next ...

Mike's EURUSD Trading Room

The USD Index has been strictly rangebound throughout the day. Compared to these past 2 days volatility is exceptionally low. AUDUSD Obvious uptrend. A retracement to around 0.7150 or below seems likely, I'd look at long positions from good levels ...

Mike's EURUSD Trading Room

I've only got a brief moment to check the markets tonight, I'd love to be trading the current environment but real life gets in the way sometimes. Especially when I trade anywhere as late as 2-3am some days... Here's a quick chart from the USDCAD ...

Mike's EURUSD Trading Room

I wasn't able to trade last night, perhaps it was a good thing given the EURUSD rally. The 4-hour EURUSD chart is looking great for a retracement today which might be worth looking at. The pair may even off a bit during the Asian session, worst case ...

Mike's EURUSD Trading Room

Hey Swatti, I agree, price action on the EURUSD is looking tighter and tighter. It's definitely exerting some upward pressure. To be completely honest the more I've been trading of other pairs the less I've wanted to so much as look at the EURUSD... ...

Mike's EURUSD Trading Room

Entered short on the GBPUSD at the 1.45 round level with a 5-minute reversal candle (plus a 1-minute ADX odds enhancer). Mike image

Mike's EURUSD Trading Room

Before I go on, I'll give a shameless advertisement to my other thread here. I'm working on a series of posts at the moment that deals with the question of self-awareness as a trader. Feel free to check out the thread and I hope you find my ideas ...

Mike's EURUSD Trading Room

Cheers T34! I'd say that air con of any kind will be high on my list of priorities in the near future... Anyway, late start for me tonight. Lets have a look at some charts! AUDUSD More bad news for the Aussie today as the import/export balance came ...

Mike's EURUSD Trading Room

Hi Danny, I'll absolutely make a point to let you know. Thanks for producing some high quality content Mike

Variant Perspective Trading

It’s been a fair while since I’ve posted here. Over the last few months I’ve done a lot of reading, inward-looking consideration and of course trading. All of this has left one very potent impression upon me; that trading strategies are *almost* ...

Variant Perspective Trading

Haha, I do a full top-down analysis of all 6 of those pairs every day before I trade but I normally don't post all of them on the thread. Last night there were opportunities across the board though I ended up calling it a night pretty early ...

Mike's EURUSD Trading Room

+11.4 pips of profit on that one is fine by me. Closed just above the opposing round level and near the previous swing high. It's a good thing I did too, as my stop would've been taken out for break even if I went for more than 15 pips. Mike image

Mike's EURUSD Trading Room

I'm in short the GBPUSD at the 1.4425 key level using a descending trendline with a big ADX overextension as an odds enhancer. Mike image

Mike's EURUSD Trading Room