Category Forex Journal
New Name, New Look
Traderchild.com is finally back, only now under a new name – CentricFringe. This is still a site dedicated to market commentary and trading opinion at its core. But I’m also planning on writing pieces that extend to broad business and political topics. CentricFringe won’t be easily categorized. And that’s how I like it. Hell, don’t […]
Stay Posted
I’ve been hammering out the kinks of a new trading strategy for the past week, and I’m pretty excited about it. It’s got a high probability setup that actually sees a fair amount of entry signals. I’ll be posting more on the markets and my personal account next week. I’ll also be giving an update […]
Long EUR/USD at 1.36196
Just as I was looking at the 15 minute charts, thinking price would continue to trade in a tight range, we got a big jump and my buy order was hit. I’m waiting for at least a shorter term breakout so I can move my S/L to B/E, but I’m in this for the long […]
The Dollar’s Loss is My Gain
The government shutdown isn’t a big deal…yet. Despite trading down 8 out of the last 10 sessions, the S&P hasn’t actually moved much. Before today, the index had only seen a net loss of 40 points. Despite the volatility, much of the market is essentially on hold right now. Should the shutdown continue into next […]
Stopped Out: EUR/USD
I got whipsawed out of the trade overnight with a small loss. As with the GBP/USD pair, I’m still expecting a continuation in the uptrend. I’ll get back in when price swings back up. Stopped out of EUR/USD at 1.359, -24 pips
Long EUR/USD at 1.36024
President of the ECB Draghi’s comments sparked the fundamental speculation needed to put the pair past it’s technical barriers. A big breakthrough today could be just the start of a long term move. Long 2,500 units of EUR/USD at 1.36024, S/L at 1.3590
Stopped Out: USD/CHF
Price made big move to the downside, taking out my stop loss. I’m going to hold off on getting back in until a breakout occurs on a longer time frame. Stopped out of USD/CHF at 0.90187, -50 pips
Long USD/CHF
My buy order just got hit. I’m liking price action in the pair over the past several hours. We got a bounce off of resistance after making new lows, and the move looked very similar to one made back in February – preceding a massive swing to the upside. Let’s see if price can hold […]
Stopped Out: GBP/USD
I got stopped out for a small gain amidst growing congestion. I’m still very bullish over the long term – setting a buy order just above this tight range on the hourly charts. Stopped out of GBP/USD at 1.6206, +24 pips
Long GBP/USD at 1.61825
My buy order was just hit on the way up. Price broke through and made a daily close beyond its most recent swing-high, giving major technical confirmation to the upside. The BoE is also moving towards the hawkish side of the spectrum and away from its easing program. I’m thinking fundamental and technical factors line […]
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