Forex Trade Setups

8-22-2012

Over the last few weeks the Forex U.S. sessions have been stale to say the least.  My U.S. Trading sessions almost put me to sleep as I watched pairs like the EUR/USD have 20-25 pip ranges in U.S. session. There was not much to speak about with regards to Forex Trade Setups. Today my first few trades were break even, and loss on the EUR/USD on very small trade sizes. What matters is that when the good Forex Trade Setups occur you are in on them, with a nice trade size. Think of it as playing Poker. Are you really going to bet on a hand that you think is bad? I do not mean just any Forex Trade Setups, when I increase my 'hand'. I mean the best high probability Forex Trade Setups that you can find. This particular Trade I took and held into the FOMC minutes was the one that I can say I was waiting for....The wonderful break of 1.2500 on the EUR/USD. Yes, I have been waiting several days to see this happen and finally, a nice move above this level (1.2500) that broke through some stops during the FOMC meeting minutes. This is one of my favorite trade setups. Here is a image and I also have included the Live Forex Trade Video I took in the Room Today during the FOMC minutes.

Here is one of my High Probability Forex Trade Setups:

This Forex Trade Setup Pattern is one where we continue to re-test the upper Trend Line, we make higher lows and continue to consolidate. I increased my size when I also noticed a reverse head and shoulders pattern. This trade was also Taken on the AUD/USD.

EUR/USD: Trade was taken at 1.2477 stops at 1.2448 and 1.2455 Targets were open. I exited at 1.2513-1.2515

Here is the Video of The Trade Setup in our Live Forex Room:

Please see my performance for U.S. session at http://myfxbook.com/members/fxlivedaytrading

Would you like to see these Forex Trade Setups live and Learn about Forex Trading? Check out this page then!