Hey everyone, I was not to active on twitter this morning but I have just been under the weather. But must say it was a wonderful morning if you where looking at the euro/dollar on your charts.We had some bad news coming out of the U.S. regarding TIC Net Long – Term Transactions, which rose drastically less than expected. The TIC Long-Term Purchases report measures the difference between domestic securities purchased by foreign investors and [...]

Hello every one hope you are starting to enjoy the weekend, just wanted to update on a few of the techniques I have been using to better my trading. As many of you know the 4 hour breakout is still my hands down favorite method of trading, but sometimes you want something more than relying on one method. That is why I love using support and resistance levels something that is tried and true on [...]

Hi everyone, hope you all had a great week so far, this will probably be my last trade for the week but I just had to take it. I have been using support and resistances lines since I first started trading, because they are just proven to work. I will post later today with the exact lines that I use, most of them were given to me by my good friend Nick over at Forex4Noobs.com great [...]

Hi everyone so with rumors coming out of Europe about a potential downgrade to France and other countries, and all the other pending issues with the ECB, the euro has just fallen off a cliff. The screen shot below should show you what I mean.                          

So here is a nice screen shot just showing the huge spike of over 200 pips a little after Bernanke and the Fed stated they would keep rates low until mid 2013 and hinting at a Quantitative Easing 3. Earlier today the FOMC stated they predict slow economic recovery and essentially a bumpy ride until the economy comes out of the slump, due to this the Federal Funds Rate will stay where it is at [...]

Hey everyone so its Tuesday and another great day of trading here is the USD/JPY with the 4 hour breakout: Went through all three profits levels to lock in 100 pips and pushed all the way to 124 pips. Great week so far and its only Tuesday, might not be trading much more this week since it has start so well but I will let everyone know what trades I would have taken as the [...]

Hey everyone quick update on the 4 hour breakout on the GBP/JPY pair: 360 pips down! with my trailing stop I was able to lock in 250before it kicked back, but still an amazing two days for this week. The gbp should start picking up some momentum towards the long side with the news out of Europe. Will keep everyone updated, Gus

Good morning everyone, it has not been a boring mornign by any means today. While the U.S. markets have calmed down dramatically and actually come up a bit, Dow +200, the Fed meeting today is the highlight of the week. Just two weeks ago this meeting was suppose to be just a standard gathering nothing big was expected out of it, but with a +500 drop last Thursday and a +600 drop Monday this FOMC [...]

Hey everyone so not only has the 4 hour breakout performed greatly on the GBP/JPY but the USD/JPY has been a great performer today as well. It has almost locked in 100 pips so far and it is still going I have a trailing stop and have made 75 pips off ti already. You can see from the screen shit how it has just been dropping like a waterfall this morning, we will see how [...]

Hey everyone so the first day of trading after the downgrade was announced turned out not to disappoint, if you had the 4 hour breakout running you would be extremely happy right now. It shot through all three take profit levels and locked in 151 pips, something I was not expecting today, with all the commotion in the markets. I am going to see how it develops over the week and still have a trailing [...]