I have been a futures trader for almost two decades and adding forex to that experience has been invaluable…and I hope that by shedding light on the futures market it will help increase the accuracy of your forex trading as well as see the opportunities that you can capitalize on in the futures market!
- Raghee […]

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The rally the dollar is enjoying has stepped up the talk of near term rate hikes from the FOMC.  The more the dollar rallies, the more it seems that traders are intent on strong-arming the Fed into a sooner — rather than later — rate hike to support the battered dollar.
There are some important levels […]

Experienced traders understand volatility from hours spent in front
of their charts and trading platform.  There’s usually statistical
relevance that can back up anecdotal evidence.
Experienced traders will tell you that active trading hours are
typically between 8:00 and 10:00am EST.  Looking at the chart below of
the EUR/USD you can clearly see when the widest ranging activity
occurs.  This is […]

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The U.S. Dollar Index is the most important confirmation chart I use…and I use it to gauge what the EUR/USD, USD/CHF, GBP/USD, and USD/JPY are most likely to do.  Don’t forget that "comm dolls" like the USD/CAD, AUD/USD, and NZD/USD have correlation to the Dollar as well…even though we look at these as split personality […]

For now, the ECB’s decision to leave rates at 4.00% helped the EUR/USD stay above 1.5500 and begin a potential double top in the Dollar Index.
Never assume a breakout in any market…and always know the context of the trend…many traders were putting too much emphasis on the “dollar’s recovery” without looking the major ceiling(s) still […]

 
The dollar is finally enjoying some time trading higher…but what makes it so interesting is that for once it’s Bernanke who’s helping it higher.
Bernanke hinted at a second half of the year recovery and mentioned that the weakened dollar has increased the price of imports.  Now ofcourse I am using my own words, but that’s […]