Forex Daily Roundup – 8/31/2016

Today was a bit mixed with some pairs continuing their moves from earlier in the week while other pairs simply treaded water. Overall though, it was relatively quiet especially considering it’s the last day of the month (wow, September is here!). Here’s how our trade tracker breaks out today:

Screenshot 2016-08-31 12.28.31

Still a few opportunities, but overall we’re really having to hunt for good trades yet. Let’s take a look at each pair: (more…)

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Forex Daily Roundup – 8/30/2016

Finally, we’re starting to see more action in the forex markets with solid moves that might just develop into some good trends and opportunities for us. As a result, here’s a look at our current trade tracker:

Screenshot 2016-08-30 10.19.08

Pretty awesome to see a buy or sell signal on each of our pairs on the 15-minute time frame. That said, it doesn’t mean we should be buying or selling each pair at current levels. We need to dig in and find logical levels to enter positions. (more…)

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Forex Daily Roundup – 8/29/2016

It’s been a slow session to start the week, and I had a feeling it might be that way. With the action we saw on Friday, it’s not surprising to see things consolidating and giving back some gains. Like you though, I just wish it’d happen faster so we can get on with trading some solid trends. Speaking of trends, here’s a look at today’s trade tracker:

Screenshot 2016-08-29 12.50.49

Pretty slim pickings out there! A lot of the pairs I was looking at in the weekly outlook have started retracing, but they haven’t yet hit levels I’m interested in trading yet. As a result, I’ve been digging around some other pairs I follow but don’t cover in my daily and weekly outlooks. One such pair is EUR/GBP, and I’ve actually outlined a trade setup that we’ve taken along with our Patreon team. If you’re interested in getting real-time updates and trade ideas outside of our current six pairs, join our Patreon group today! Now let’s take a look at what’s going on in each of our six core pairs: (more…)

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Forex Trading Weekly Outlook – 8/28/2016

Friday was a tough day for our trades. Most were stopped out after some crazy whipsaws in prices across the board. The good news is we always control risk and this was a pretty unique event. The other good news is we’re hopefully going to see more action going forward and far fewer dull days like we’ve seen in the past couple weeks.

Here’s a look at our trade tracker after Friday’s session:

Screenshot 2016-08-26 14.57.00

We see some potential opportunities cropping up in EUR/USD, USD/JPY, and GBP/JPY. Let’s dive into each of those and our other pairs: (more…)

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The Fate of Forex Made Millionaire: My Decision

Last week I asked you all to weigh in on whether I should continue blogging here at ForexMadeMillionaire or abandon the blog to focus my efforts on ForexFactory. I was designated a commercial member at ForexFactory which essentially bans me from posting in most of the forum. After nine years of supporting the community there I was no longer able to post in the interactive trading section, the only section I contributed to.

I asked you, the FMM community, to vote on what I should do. I could kill the blog and be reinstated as a normal FF member, or I could choose to keep it and remain banished as a commercial member. My gut was telling me to continue with the blog and abandon ForexFactory. It seems you all agreed. Here are the results of the survey:

Screenshot 2016-08-25 07.53.04 (more…)

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Forex Daily Roundup – 8/24/2016

*sigh*, yes another quiet day today in the forex markets. I feel like I’m starting to sound like a broken record. But alas, we trudge forward because we need to stay focused, sharp, and prepared for when things heat up again. Here’s our trade tracker for the day:

Screenshot 2016-08-24 13.11.53

There’s almost no change to the tracker since yesterday, but there are some interesting things going on below the surface. Let’s take a look: (more…)

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Forex Trading Weekly Outlook – 8/21/2016

Last week was a bit slow in terms of overall action, but we were finding small opportunities here and there. This week there are a few key events and releases. For a quick summary of those, I refer you to this short article on ForexLive.

Looking at the trade tracker to start the week, it’s clear things are a bit muddled:

Screenshot 2016-08-20 09.17.14

So what’s this mean for our trade plan to start the week? Well, let’s dig in to each pair to find out: (more…)

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