Before the BOJ monetary policy statement announcement on Friday there were several huge spikes in the USDJPY pair. The spikes lasted literally seconds:. Apparently, these spikes are being caused by computer trading algorithms.

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Of course there is the potential one may not stop and just keep going. But it seems if you catch a few successfully and one fails that would be all right. Worth looking into anyway. The press put a damper on the USDJPY bullish trend starting on Sunday. What spoiled the USDJPY buying party was an article indicating that several of the Bank of Japan BOJ — Central Bank of Japan officials did not think more monetary easing was necessary monetary easing weakens the JPY and causes the USDJPY pair to trade higher.

On Monday bought Binary put options bets that the USDJPY pair would close lower on Tuesday. Bullish USDCAD new high close on Friday in anticipation of lower oil prices new low close on Friday. Anticipating a continuation of these direction price moves. Based upon a bullish trend on the daily chart technical and a bearish trend in oil correlation we liked buying the USDCAD on Friday.

The pair opened Thursday 5pm Eastern Time at 1. Oil opened Thursday 5pm Eastern Time at USDCAD daily chart had a 5-day pattern of higher lows and higher highs and we anticipated this pattern could continue for another day; and if the highs from 2 weeks earlier were taken out we could see the USDCAD pair trading as high as 1.

Oil was near 10 week lows and we expected to see those lows taken out and a continuation down as low as Since oil and USDCAD have a strong negative correlation oil down, USDCAD up we felt an expected decline in oil would enhance the usdjpy binary call option take advantage of expected move higher of the USDCAD pair trading higher.

Finding a comfortable and stress do discount broker make their money USDCAD buy trade entry and stop loss for Friday July 22, Buy at the start of the trading day Thursday 5pm Eastern Time at 1.

If this happens the news is good for Canada and USDCAD spikes lower you can then buy a cheap Binary option bet that USDCAD will retrace or reverse the news decline.

Your risk would be limited to the cost of the option and your potential profit could be 5 to 10 times what you paid for the option.

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The Canada economic news was pretty good and USDCAD spiked down 45 pips; it then reversed which resulted in winning Binary option bets. In our LIVE trading chat room, we discussed the ECB press conference and concluded the EURUSD pair would be unchanged at the end of the conference but the pair would likely experience some minor ups and down volatility during the conference. Also, Draghi reussir dans le forex make minor changes to the current monetary policy that could cause some downside EURUSD price action but once again any losses were unlikely to be sustained.

Identifying a stress free, low risk EURUSD trade strategy to profit from the fact we expect the EURUSD pair to move up and down during the press conference but not sustain any of the gains or losses. At 9am the EURUSD price was not more 30 points different than the 8: HOW IS THIS POSSIBLE?

Binary options; we placed two trades. Our maximum loss was known; no change of slippage or getting stopped out.

Our maximum profit was known; it equaled exactly the amount as our possible maximum loss. Bottom line; we make or loss the exact same amount: NOT FAMILIAR WITH BINARY OPTIONS? Takes minutes to understand and start using. In the form of a key reversal day. Personally, I still think after a brief pause the USDJPY will continue its journey back to Technical analysis works great in hindsight or for teaching but for my rel money I need more.

Anyway here is this technical marvel for all of you technical analysis buffs:. Monthly Archives July Bullish USDJPY View and BInary Calls Make for a Great Wednesday! Selling USDJPY on Tuesday July 26, Works Great!

Profit Opportunities in USDCAD on Friday July 22, — Stress Free! Profitably Trading the July 21st European Central Bank ECB Press Conference — Stress Free!

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