The USD is still not getting the beating it deserves. With the fear of a complete government shut down looming over everyone’s heads, how we should trade the dollar is the main question needing to be answered. If you sell the dollar you are risking a lot, but if you don’t sell it you are risking just as much. The Federal Reserve FOMC member Yellen just spoke recently saying that he sees no need to [...]

Government shutdown is just but a few hours from happening unless the Republican Party and Democratic Party can agree on a new budget before we cross the debt limit set by Congress at $14.29 trillion. Right now we are hoping for a deal to come in tonight or over the weekend, this will let us do some good plays once Monday comes around. The lack of agreement on the 2011 budget will shut down the [...]

The Euro has started going for a crazy ride this week after the ECB decided to raise rates by 25 basis points. The Euro fell from a 14 month high against the dollar Thursday after the head of the ECB (European Central Bank) put a damper on any market expectations for aggressive interest rate hikes. The Euro has also dropped against the yen, which rallied across the board after a new Japanese earthquake with a [...]

So it has been a while since I have talked about the 4H Breakout strategy which was one of the first strategies and trading methods I followed when I first got into Forex. While I have been testing and trying out new methods of trading the 4H method still is a very successful strategy. I do not solely use the 4H Breakout and do use a lot of support and resistance lines to enter and [...]

The Yen, one of my favorite currencies to trade has not changed a bit. I keep hearing traders arguing why trading the Japanese Yen is a bad idea due to the disaster stricken country, I have to disagree. Since I first started to trade Forex I have always been intrigued by the Japanese Yen due to its volatility and just the way it moves in day to day trading. As many of you know my [...]