Today was an interesting trading day with many ebbs and flows in the market that made things interesting. Summer trading tends to always be lower in terms of volatility, but it did feel more like a day during the fall or spring where there’s a lot more up-and-down. And this, of course, was just the […]
As has been customary this summer, more support and resistance trading mainly through the primary use of pivot points as my guiding influence was the basis behind today’s trading. The pair made a steady decline back down toward the daily pivot level of 1.36324 around the beginnning of the 3AM (EST) hour. It came agonizingly […]
I found a solid trade set-up on the support 1 level of 1.36153. As I stated in my post on the GBP/JPY trading from yesterday, my favorite type of trades are those that go with the general trend at retracements back to recent support and resistance levels. By “trend” in the case of short-term binaries, […]
Tuesday offered a very trade-able market, with a decent amount of volatility and trades setting up well right on expected points of resistance. The first trade came at the resistance 1 level of 174.524. A touch of 174.524 had become pretty readily foreseeable for the past fifteen minutes with the market moving up on the […]
I’m still doing early morning trading and probably will for the remainder of the summer. Today I traded the GBP/JPY, which is usually my back-up option to the EUR/USD. But I had the chart of this pair open and saw price lingering around an area where a set-up could possibly take place, so I rolled […]
Wednesday’s trade came at around 2AM EST. Naturally, at this point, volatility is only slightly heating up in the market, as it’s still only the early morning even in Europe. One of the nice things about trading quieter hours is that the news doesn’t interfere too heavily with your trading. For anyone who trades predominantly […]
Every so often, right when you get to your computer, you might actually see a quality trade setting up. This occurred for me during a simple glance at a GBP/JPY chart when I wasn’t even planning on trading at that particular time. I usually don’t trade nights (relative to Eastern Standard Time) because I’m familiar […]
June 30, 2014 First off, I want to say that I am back to my old trading schedule. Over the past couple weeks, I’ve been trading standard U.S. mornings, but I’m back to trading European mornings for now. I’ve spoken a bit on when to trade the markets in the past, and my general opinion […]
First off, I want to point out a couple types of trade set-ups that I would personally avoid as it related to this trading day. I was not actively watching the market at this time, but I felt compelled to mention this type of scenario in this particular writing. Around 3:45AM the market came down […]
June 25, 2014 One thing I don’t talk much about in my blog is news trading. This is big for some intraday traders who like to pick up profit just by riding a news release. I have done some trading with the non-farm payrolls in the past, but more or less I simply stay out […]