Fellow traders, Its been a while since I posted a video. I’ve been suffering from a severe winter infection the last few weeks so am just easing myself back into the action.  Here’s a trade from this week upon which I benefitted from the Japanese intervention. Enjoy FXTraderPaul

So here’s an update to the GBPUSD trade from last week. You may remember from my earlier installments (which you can read here) that having gone short at 1.5908 I fully expected the GBPUSD to bounce of the area of support around 1.5785 and then head back up and take out my trailing stop (which [...]

Fellow Traders, Here’s a quick update to Fridays post about being short on GBPUSD and EURCAD which you can read here. First off the EURCAD. You may recall I was short on the daily chart @ 1.38320 based on a simple price action set-up. Price has continued to descend and I’ve simply trailed my stop [...]

After my summer break I’m starting to ease myself back into the world of FX Trading.  It’s been a volatile 5-6 weeks which shows no sign of abating. Are we in for a re-run of September / October 2008?  Who knows. (But I wouldn’t bet against it!) So on my growth account I’ve had these [...]

As I mentioned last week I’ll start putting up my weekly strength chart for the Currencies I watch. 1. CHF 2. YEN 3. AUD 4.EUR 5.GBP 6. USD Only real change on the weekly strength is that despite the BoJ intervention Yen has overtaken AUD. Not a real surprise if you look at the kicking that the [...]

It’s rare for me to comment on Indices here but I do occasionally trade them and do include them as part of my weekly round-up. I’ve been watching these set-ups mature over the last few weeks and this week they have triggered. (I did have earlier entry signals but will keep it simple on this [...]

Hi it’s been quiet for the last week or two. A mixture of no signals and other commitments. Usually when the markets are quiet it means that something is building. And the last 10 days or so have seen some big moves on the commodities markets which have followed through into the FX and Indices [...]

Hello readers, I hope you all had an enjoyable Easter weekend.  I carried this position through the weekend and was stopped out early today.  I had considered closing the position before the holiday but just decided to stick with my plan and follow my trailing stop as per normal.  You may remember from my previous [...]

Just a quick piece on a long trade in GBPUSD which was triggered last night.  See the attached chart. This was a Growth trade, had been set on Sunday and was triggered yesterday (Wednesday) afternoon taking me long at 1.6435. I had missed an opportunity to take an extra position based on my rules earlier in [...]

Hey Traders, Following on from my earlier post and my talk at the Traders & Investors club were I talked briefly about this trade I thought I’d better write an update. To fill you in I was short on GBPJPY, (you can read more by clicking here) price had dropped strongly earlier in the week, [...]