Looking at the forex charts tonight I see numerous opportunities setting up. There are a few nice Grail set-ups that we will be monitoring. We only trade forex when the charts tell us to. No need to force a currency trade as opportunity comes when it comes. The key to forex trading is patience and a plan. That is it.
We have issued this warning before and will do so again. *Please be careful forex trading during the holidays as there are some quick and violent swings due to lack of liquidity in the forex markets. At the very least make sure you have your stops set.
Wednesday, December 9, 2009
Tuesday, December 8, 2009
Dollar Strength
A little bit of greenback strength the last couple days. What do we make of it? Who cares. Trade it as you see it and make the pips. The carry trades have been very kind to The FXGrail as the holidays approach. Will be happy holidays for all Grail traders as the carry trades presented us with some beautiful trades. Like taking candy from a baby!
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