ForexSpirit

August was a pretty difficult month if you were still a euro bull.
I sat on my hands for the majority of the first half of the month, only really getting active in the last ten days. My activity increased as I tried to position myself for a correction back up to 1.49/1.50 but [...]

You might want to think twice about starting up that new hedge fund.
The New York Times has an article today detailing how things aren’t quite as easy as they used to be: Running a Hedge Fund Is Harder Than It Looks on TV

When I returned from my blogging hiatus I mentioned that I had rather bizarre things such as bunnies and ice cream on my mind. Time to finally explain what I meant.
In most traditional forms of trading education you are taught to wait for all your entry rules and criteria to be met before pulling [...]

So this morning’s economic data painted a mix bag for the US economy. Housing starts and building permits came in as expected: dire. PPI data came in very hot, with overall PPI showing at 1.2%, double the expected consensus, and even core PPI jumped to 0.7%, well above the expected 0.2%.
The market reaction [...]

We’re well into the second half of the month of August and I’ve made a grand total of two trades to date.
It’s plain from looking at any of the main currency pair charts that it’s been a great month for US dollar bulls. During that time I’ve been sitting on my hands, studiously practicing [...]