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And On And On And On...........
First I apologize to all for being away for so long. Enjoying a break during the Holiday season, not a bad idea for most traders to slow down about now. Now is a good time to catch your breath and...
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Barack Obama
Mr. President. President Obama! I have to say after watching the inauguration of the 44th President of the United States Of America I have a sense of renewed optimism in this country. I believe the new...
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Stimulus=838 Billion
$838 Billion. That is a chunk of change. Will the stimulus work? It sure will help. After clearing a few key hurdles in Congress it looks like Pres. Obama will get this thing passed. I believe it is a...
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Easy Money!
Simple trading, easy money. It really doesn't get much easier than the EUR/USD and USD/CHF so far this year. EUR/USD has been in a nice range as some may call it for most of the year enabling low risk...
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Yeah
It has been a very profitable early summer. Starting after the holiday we will get back to updating this blog on a regular basis. Hope you all enjoy it!
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Lets Roll
Hope all had a wonderful little summer break. Unemployment still sucks, the stock market still sucks, the economy aint rebounding to fast, and Forex still makes me money.Funny thing how that works. The...
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China
So China is rattling their swords again about a new world currency. Nothing to see here folks, move along. Fortunately for the USA the Chinese government has a tremendous amount of US dollars in...
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Patience
The charts are looking quite nice today. I see a few very nice grail trades setting up. To be a success in this business you must be patient. Everybody wants to trade forex, but trading to trade is the...
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Uneventful Forex
It was an uneventful end to the forex trading week. We at The FXGrail are looking at a couple of scenarios for the beginning of the week. Could be a profitable forex week. Just waiting patiently as the...
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Summer
The dog days of summer are here. It was an uneventful week @ The FXGrail. Typical of the summer months. Throw in the is it or isn't it US economic recovery and you have not much of anything. Sitting...
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Recession
Looks like the great recession is drawing to a close. Summer is coming to an end. It is time for us to get back to what we do best-Make Pips! As we have not even looked at a chart in quite sometime...
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Oil
Oil jumps 3%. Nothing to worry about right? As I have said before the oil bubble was caused by oil traders and not tied to consumption, production, etc. The speculators are back at it again. They see...
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Bernanke
So Mr. Bernanke says it looks like the recession is over. Everybody must rejoice. The forex trading world should rejoice. Just kidding. Big Ben sure likes to state the obvious doesn't he.The question...
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Bull Market to continue?
Great article on cnn about the stock market and the economy that I thought I would share. These things play a big part in our forex trading business. All news in the financial markets is important...
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The Week Ahead
Here are some events to look for this week as you prepare your forex trades:Monday: The Conference Board's index of leading economic indicators is due in the morning. LEI is expected to have risen 0.7%...
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Forex And You
Why are we successful at forex trading when so many are not? It's easy, we stick with our system. We have a plan and we do not deviate. Sometimes we go days and days without a trade. We want to trade...
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Like What I See
Taking a quick look at the charts and their are a few pairs setting up nicely for Grail trades. Particularly interested in GBP/USD and AUD/JPY. Should be a very nice month for The FXGrail.
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A Weak Dollar
We are all aware of the weak dollar. Do we know the ramifications? It is good to know who wants a weak USD and why they want it. Great article in the USA Today. Read...
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Very Interesting
As you know we at The FXGrail like to keep your brains thinking all the time. Here is an interesting take on the Bear Stearns free fall. Makes you think doesn't it?From RollingStoneOct.14, 2009Wall...
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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...
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FX Grail Trades
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...
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Back At It!
Hello everybody we are back to blogging on the forex market. It has been an interesting winter as the USD has had strength so far this year. Reasons for this are quite simple, the USA has done a better...
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It's been awhile!
It has been awhile since I posted here at Forex For Profit. What a crazy ride the last year in the forex markets. A ton of cash has been made as the currencies have really been moving and setting up...
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Easy Money
Easy grail trading lately. It's like taking candy from a baby. Economic downturn? Not for The FXGrail traders it's not. Wait for the trade, execute the trade, and make the pips baby!
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Getting Back At It
It's been a wild ride but it's time to get back to posting and helping everybody make some money in the forex world. The first of the year will bring new posts and info to help you profit from currency...
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