Posted by mifune

Trading the EUR/USD on August 9, 2013: 2/2 ITM

in Mifune, Trading Strategy Articles on Aug. 12, 2013

On Friday, I began trading the EUR/USD around 5AM EST and ended up with two solid trades. The USD/CHF, my usual mainstay, was very choppy and inconducive to trading for me personally (see below screenshot), so I simply decided to switch to the EUR/USD, which seemed a lot friendlier. The EUR/USD market appeared very straightforward […]

Trading the USD/CHF on August 6, 2013: 2/4 ITM

in Mifune, Trading Strategy Articles on Aug. 08, 2013

I started watching the USD/CHF at around midnight EST. Immediately the first price level that jumped out at me was the 61.8% Fibonacci retracement. This was the major 61.8% Fib (relevant to the price move 0.70675-1.06387) that has been showing up on a regular basis in the USD/CHF. In fact, this was the eighth consecutive […]

Trading the USD/CHF on August 1, 2013: 1/1 ITM

in Mifune, Trading Strategy Articles on Aug. 05, 2013

Thursday’s USD/CHF market was basically insipid the entire morning before U.S. jobless claims data were released. In total, I was only able to find one set-up that I felt was worth taking. Between the times I watched the market (3:00AM-8:30AM EST), the USD/CHF strictly traded in only about a twenty-pip range. It reminded me a […]

A Great Day of Trading on July 31, 2013: 5/5 ITM!

in Mifune, Trading Strategy Articles on Aug. 02, 2013

Just like on Monday, my Fibonacci retracement lines and pivot points definitely helped a ton in trading the USD/CHF. I started watching the market around midnight EST as price was coming down from the daily pivot point. The first two hours were pretty uneventful. The market doesn’t move much between 12AM-2AM EST since neither the […]