FX Trading Corner

I'll start today off with an update on yesterday's trade. Trailing stop was knocked out at break even (again!!). Have to be content with these sorts of things 'cuz it happens.

A bit of volatility today. Positive news out of the Euro bloc saw EUR crosses rocket up past resistances, only to lose all those gains by NY session.

Losses seen in EUR/CAD (Doh!) and especially GBP/CAD. Kudos to those who caught both yesterday's inside bar short setup and today's fakey pin bar setup (see pic).

Been a bit odd this week. Price action following press release seemed to align then surprises everyone by whipping back up the opposite way. Technical not aligning to fundamentals - always fun.

Looks like rough markets to navigate for the rest of the week. Some big ticket items on the release docket tomorrow out of the US. Will have to see if they manage to jump start some trends.

As always, good luck in tonight's trading all.