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February 16, 2016 by Corvin Codirla 3 Comments

Bullish & Bearish Engulfing Bars (Part I)

Bullish & Bearish  Engulfing Bars (Part I)

Many people ask if there are any particular technical setups that I like to look at and what the best way to trade them is. My all-time favorite heavily involves Support and Resistance levels, and using these as breakout levels. The art lies in finding them and then managing trades appropriately. In this article we’ll […]

Filed Under: Forex Trading Strategies Tagged With: Engulfing Candles, EURUSD, Trading Systems

February 9, 2016 by Corvin Codirla 13 Comments

Trading Currencies using Purchasing Power Parity (PPP)

Trading Currencies using Purchasing Power Parity (PPP)

In this post I want to cover one of the factors that enters into the creation of the benchmark index outlined in my Trading Approach. This factor is called Value, and provides an underlying fundamental reason for trading various currencies. To explain value let’s assume that the water company Evian sells an identical bottle of […]

Filed Under: Forex Trading Strategies Tagged With: CHFJPY, EURCHF, PPP

February 3, 2016 by Corvin Codirla Leave a Comment

A US Recession or Not – Outlook and Friday’s NFPs

A US Recession or Not – Outlook and Friday’s NFPs

An upcoming recession in the US is on everybody’s mind (at least that’s what Google Trends shows): And with that bad news for the rest of us. To put that chart into context the last official recession according to the NBER was between December 2007 and June 2009. And the average duration between recessions since […]

Filed Under: Economics Tagged With: EURUSD, NFP, Recession, USD, USDJPY

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