On tonight’s call we discussed current market conditions and how the US stock market plays a big role in currency trading. Where to find the current trend of the dollar and how to interpret this chart into our trading.   We also reviewed the trend trade that we made (USD/CAD) in last weeks call and what steps to take from here.

On tonight’s grad call we talked about trend trades.  The MT4 chart setup was explained as well as the proper entrance points.  Trend trading is not as time consuming as bounce trading.  It takes just a few minutes a day to check the performance of the pair and to adjust your stop.  However unlike bounce trades that you can find most any day, trend trade setups don’t come along too often.  You might see them once a month or so if that.  However once you find the right setup they [...]