fxcmtr.com Guest Trading Ideas

March 29, 2006 by Trader Rich

I still have an account balance at FXCM and therefore am entitled access to their "Trading Room." The primary feature that I visit on a daily basis is their Guest Trading Ideas section. Currently there are 8 guests providing trading ideas. Some guests provide ideas on a daily basis while others come and go as they please (ie: Rob Booker.) I find some better than others but anything that may show me how others are seeing the market can only be beneficial. Who are the guests?

1.    John Dean from Currency Insight Ltd
2.    Marius Alexe from Phincorp Capital
3.    Learn:Forex
4.    Jes Black from Black Flag Capital
5.    Black Swan Capital
6.    Jared Martinez from Market Traders Institute
7.    Dynamic Trend Profile
8.    Rob Booker

I’m going to provide some of their ideas in the coming days so we can all see how beneficial their comments are.

I’m providing John Dean’s Guest Trading Idea below:

USD/CAD – March 29^th, 2006

Near term USD trends continue to improve with evidence building to suggest an important/cyclical low is now already in place at 1.1300. Previous/notable reactive highs around 1.1800 are targeted next and once this supply level gives way a re-test of the psychological 1.2000 level is anticipated.