Reviewing the daily charts of the major pairs today shows some potential trades and some wait and see scenarios. NZDUSD is in a trading range.  It recently came off of support and the lower Bollinger band for a potential move up to resistance which also happens to be the upper Bollinger band. USDJPY is no longer upward trending and looks to be starting a downward trend.  It has gone up the last couple of days but not enough to recover the down day on Friday.  It looks to be setting […]

Netflix closed yesterday (January 22nd) at $333.73.  They released earnings last night after the market closed.  Today the stock closed at $388.72 which was up $54.99.  A lot of traders will look at this movement and wonder why they didn’t enter into a trade before the announcement.   The problem is we didn’t know that NFLX was going to jump like it did.  The earnings report in October had NFLX dropping about $33 after being up about $35 at one time.  The earnings in July ended up with a drop of […]

When making a 1 lot currency trade in a mini account, the trade equals 10,000 units of the base currency.  A standard account is 10x the size of a mini, so 1 lot would be equal to 100,000 units of the base currency.  Depending on the broker used, the base currency can be different.  We will use an account held in US dollars for our example.  1 mini lot now equals $10,000.  1 standard lot equals $100,000.  Leverage from the broker enables us to trade large amounts of currency by […]

Earnings season is upon us. Since most companies report earnings based on a calendar basis, the 4th quarter for a lot of companies ended December 31st. Usually, it takes about 3 weeks for companies to start reporting earnings after the quarter ends. Although we have started to see earnings reports coming out this week, the next 2 weeks are going to have many more earnings announcements come forth. This is a time that we can potentially see some major gaps on a stock’s price after an announcement is made, whether […]