Fr., May 9 Trading news

Today we traded the release of employment data by Statistics Canada. The signal was to bracket the USDCAD price range: Both profit targets were reached. The price went all the way up to 1.0898. We are still holding the 3rd unit and will see whether the price will penetrated the 1.0900 resistance.

Wd., May 7

Today was another dull day in the market. There were no trades taken. Most currency pairs chalked up inside days on their charts as the market is waiting for important news releases tomorrow.

For y’all professional forex traders, what software do y’all use to trade on a imac running Mavericks? I have Fxcm online but I want a pr…

Answer by Dave Hughe: I use Meta Trader 4 on my Mac and on my iPhone. There is a MT4 app for the iPhone, which works great. As for the Mac, you need a software that allows running windows programs on Mac. Personally, I use CrossOver (Run Windows on Mac, easily and affordably) but there … [Read more…]

Tu., May 6 Trades

We did not trade on Monday because banks were on holidays in the UK and Japan There were no short-term trades this morning. We opened a long position in AUDUSD on a daily chart at 0.9361. Which means that this particular trade we are going to follow on daily charts with placing stops and profit … [Read more…]