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Adam Horak
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Adam Horak

Adam Horak's Blog

AUD/USD: Demand is noted at 1.0020.  1.0018 was today's Asian session low.USD/CAD: Bids are tipped near 0.9835 with sell stops touted below 0.9830 (0.9832 was the Feb 4, 33-month low).GBP/USD: Buy St…

AUD/USD: Demand is noted at 1.0020.  1.0018 was today's Asian session low.

USD/CAD: Bids are tipped near 0.9835 with sell stops touted below 0.9830 (0.9832 was the Feb 4, 33-month low).

GBP/USD: Buy Stops are tipped above 1.6120/25

EUR/JPY: Bracketed On 113-Handle

EUR/JPY offers remain ahead of 114.00. Stops above. Bids from around 113.00. Some stops mixed in sub-112.90.

USD/JPY: Bids Firm From 83.50-Area, Offers Pre-84.00.  The word is that some $2 yards or so of offers… Continue

Posted on February 17, 2011 at 11:52am

feb 3rd fx outlook.

Over night the Green back hit its lowest levels of the year and on to a three month low against most major currencies. As the start of the US session gives way to a better then expected ADP report coming in just ahead of expectations a little life was breathed into the dollar as traders looked for risk aversion into the start of the trading day on a little profit taking for the day.



Posted on February 2, 2011 at 3:13pm

FED buys bonds causing USD and JPY to surge in late morning trading.

The Federal Reserve bank of NY purchased 2.2$ billion in Treasure bonds late Thursday morning causing a shift from the early morning slide of both the USD and JPY. Both pairs gained ground on the announcement as traders see this is a pledge to reinves cash from the maturing mortgage backed securities and look to shift capitol back in Bonds in an effort to strengthen the US economic recovery. The auction offered nearly 12 billion in debt maturing between 2021 and 2040.

At this point… Continue

Posted on September 30, 2010 at 12:11pm


Release Date: March 16, 2010

For immediate release

Information received since the Federal Open Market Committee met in January suggests that economic activity has continued to strengthen and that the labor market is stabilizing. Household spending is expanding at a moderate rate but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit. Business spending on equipment and software has risen…


Posted on April 6, 2010 at 2:19pm

surprise FOMC meeting

Price actions has been mixed today throughout the US session as the FED started its surprise FOMC meeting today at 1530 GMT time. The USD is likely to face increased volatility throughout the first part of the trading week as the FED may look to adjust the discount arte by 25 bps to 0.75% following February’s adjustment. According to the FOMC “these changes are intended as further…


Posted on April 5, 2010 at 2:09pm

Comment Wall (12 comments)

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At 1:07pm on February 2, 2010, Joshua Flores said…
Hi Adam, first of all let me say I’m very excited to know you’ll be helping me develop a trading game plan that works for me. Ok now let me tell you my schedule and what I think I need help on. I work from 6am-4:15pm with a 2 hour lunch break from 11am-1pm. Throughout my lunch break I take my notebook to work and spend some time working on my demo account because I don’t have much time in the morning. Plus in about 2 or 3 weeks I will be starting a second job from 5:30pm-6:30pm as a boxing instructor. Now that’s my schedule from Mon-Fri so obviously on the weekends I try to relax as much as I can. My main goal for having this software is to be able to do this full-time but if I can make at least an extra $1,000.00 or more a month working around my current schedule I’ll be happy only because I know it’ll only be a matter of time until I can do this full-time as my main business which is my ultimate goal.
As for my trading well I’m trading on a 15min time frame and after listening to James Dicks Webinar from October of 2008. He mentioned that most traders only look at 4 major pairs and don’t spend more than 4 hours on a computer a day. So I started focusing on the EUR/USD and so far that’s the only one I’ve been trying to understand. For example today from 11am to 12:45pm it went up almost 15 pips. But I didn’t see eat coming, mainly all four points weren’t in the green. So I ask you am I looking at the right time frame for someone like me? Should I look as many pairs as I can in the little free time that I have? My last 3 attempts trading in this pair with my demo account weren’t so bad 2 out of 3 I made just under 20 pips each and I lost 15 pips on my third attempt. So what changes can I make to help me with my game plan?
At 10:43am on October 21, 2009, Adam Horak added a gift to their profile…
you know its the 24th happy b day to me
At 10:43am on October 21, 2009, Adam Horak added a gift to their profile…
im a supporter
At 11:10pm on January 2, 2009, Dr Chris said…
Yeah..me too....i make that face all the time. I must admit that the picture is not really ME. It is my dad.(he takes a better pic than me). Anyway wishing you a great and posper new year. Take Care.

At 12:32pm on October 21, 2008, Dino Rampersaud said…
Hey Adam, I listen to your morning show everyday. You give great advice. Your show help me regain my confidence after making alot of trading mistakes in the past. Now thanks to you I'm back in the game. Thanks again.Dino
At 11:59pm on August 6, 2008, Constance Crawford said…
Greetings Adam, I have been trading with Premiere Trade off and on for the last year and find the webinars very informative and helpful - especially the 07:00 am and the new 10:00 am show. Keep up the good work and Thanks a Million.
At 8:05pm on August 4, 2008, Randy Orr said…
Thanks for noticing my picture. I was so overwhelmed with the beauty of the Hawaii, I forgot to hit the ball. By the way, I think what you are doing is great and I love the Forex. Thanks for the tips.
At 1:38pm on August 1, 2008, Michael Stevens said…
Hey adam my name is mike i've been trading with Premiere trade / forex market for about 16 month i ran throught alot of system and really havent found that one were i hv at least 80% winning trades. I really like trading of the "charting platform" can you refer me to a radio broadcast were they discuse different systems
At 10:15pm on July 29, 2008, Dr Chris said…
Yeah adam//that was funny. That was the closest pic i had. That is what i look like in the morning. Looking forward to the Usd strength tomorrow.
At 5:13pm on July 24, 2008, Jim said…
Thanks, A. That makes much more conservative sense. So you never have more than 5% of your trading account at risk at any given time. Whether one trade or five, the total money between purchase and stop loss is 5%. If you lose money on a trade, the money at risk on the next trade is less since you are using 5% of the new, lower balance. Correct?

I see this will make your account grow slower if I'm right but last longer if I'm wrong. Good advice - thx.


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