The market was behaving very strangely at the beginning of the week. We had a rough start. Two trades left open from the prior week gave us a big loss as they hit their stop loss. A few trades opened early in the week also hit their stops, and added to the pain. The lesson […]
Here at Special FX Academy we trade for a living. Teaching and coaching are things we enjoy, and of course, we do charge for them, but at the end of the day we are and always will be traders. Today I was updating our ledger for our end of the week review, and happened to […]
A wonderful trading week where our system trades took the back seat to some very decent fundamental trades on interest rate decisions from the Reserve Bank of New Zealand, and the Bank of England. This week highlights why good traders cannot rely on a single system to trade, but must leverage their knowledge and trading […]
Here is our start of the week scan of the Forex Market, looking for likely setups for the new week. We determine the current trends and direction of the different Forex pairs, and gain some insight as to what the week might bring. Keep in mind that this isn’t a predictive exercise. No one can […]
And also a review of April’s monthly results. Volatility is returning to the market, and volatility is our friend. The higher volatility gets, the more pips we can safely capture. April had lots of things going on, and while not our best month on record, we still managed to grow the account by more than […]
This was a slow week. It started out strong but some fundamental news towards the latter half of the week impacted our short term trades. Specifically, we saw a major reversal on the euro and the British pound, and a couple of our trades were on the wrong side of that. We were hedged very […]
The day of the United Kingdom’s referendum on whether or not to remain in the EU, back in 2016, the Pound (GBP) traded against the Dollar (USD) at a rate of US$1.50 per GBP. As the voting results started to come in, and throughout the long night (I’m in the US), the GBP dropped precipitously […]
Every week as part of our Forex Trading Room (paid service), we take a look at the market prior to its open on Sunday evening (US ET) when the Asian Market comes online. We’re looking at what currencies were the big movers the prior week, and whether the fundamentals support a continuation of the trends, […]
We finished the week with a bang in the Forex Trading Room! Summary 9 trades closed, 7 wins, 2 losses 77.78% Win Ratio for the week 268.1 pips of net profit Account growth of 10.43% 1 trade held open (GBPCAD Long) Please watch the 10 minute video for the actual details, as well as one […]
Every week as part of our Forex Trading Room (paid service), we take a look at the market prior to its open on Sunday evening (US ET) when the Asian Market comes online. We’re looking at what currencies were the big movers the prior week, and whether the fundamentals support a continuation of the trends, […]