Trading psychology: a humoristic approach There is a huge difference between talking and acting in the foreign exchange world. Actually, it takes some naturally built-in guts to pick up the telephone and conclude a transaction. And...
Forex Trading: A Constant Search for Equilibrium Do you ever wonder why you turn on your screens and it is often hard to figure out which way the forex market will move as it appears to be...
Treat the USDJPY Upside as a Retracement as Long as… Trading USDJPY lately Is like digging out from an earthquake. The tremors have stopped, damage has been done and the question is what comes next. Meanwhile, one...
Is There a Hidden Hand Defending USDJPY 140? The USDJPY bounce from a new low had me thinking perhaps there is a hidden hand protecting the major 140.21 low and pivotal 140 level. What I mean by...
The Latest USDJPY Update From the Savvy Trader This is the latest update from a long time, highly respected Global-View member who called the top at USDJPY 162. I thus nicknamed him the savvy trader who...
Why is the EURUSD Referred to as the Anti-Dollar? One role of the EURO is to act as the anti-dollar. What I mean by this is whether it be USDJPY, GBPUSD, USDCAD and any of the 180 currencies...
I received the following question from a trader sitting with an underwater position. I am long USDJPY above 155 and need some guidance. Could you give me some advice on whether to hold on or hedge it....
What I have always loved about our Forex Forum is you never know when someone will post something that catches your attention, especially when it proves to be on target. In this regard, I am just the...
There was a Global-View member. a bank trader working for Japanese bank who gave the JPY a nickname I never forgot. He called the JPY “The Devil “  The reason, as he said was because “the YEN...
Let’s start with the assumption that the MoF/BoJ have reached their point of pain. I am not saying this is the case but it pays to be on intervention alert. After looking at this chart from Friday...
Many new traders have not experienced intervention and even those who have traded on this event, it pays to have a refresher to see which type tends to be most effective. I call it an intervention primer. With...
A rectangle chart pattern may appear if a pair continues to bounce between a high and a low over and over again. When it bounces back and forth like this, the trend lines can start to take...