Over the last couple of days I’ve had a few european centric Binary positions closing on me.  Whilst not necessarily taken with the French elections in mind they certainly played a part in their outcome.  One win and one loss.  Lets cover the losing position first: EURUSD After a wild start to 2012 where the [...]

Here’s an update on a Binary Option position that closed on Friday afternoon on the back of a week of good news for AUD short-sellers.  You can read the first part about the initial H&S set-up here.  The second part with an update on the first part of the trade being closed out is here. [...]

I’ve mentioned that I had a few longer-term Binary Positions that are running and I thought I’d update you on a position that closed out last night. After many years in decline the USDJPY trend broke with a strong move north from the end of January.  People far smarter than I can explain why it [...]

Here’s a follow-up to my earlier post on trading the AUDJPY Head & Shoulder pattern using Binary Options.  You can read the earlier post here: http://wp.me/pFP6t-uu In effect I had two barrier trades in place. A No Touch Barrier for 86.20 (at point 1) and a Touch barrier trade for 81.50 (at point 2)   The [...]

Traders, A quick shot of a losing position (I say position because there were several elements to the trade) that closed out on Cable last week. From its lows in the 2nd week of 2012 GBPUSD has ground its way north with all manner of false breakouts occurring on the weekly chart. At point 1 [...]

A quick post on a quick win Binary Option on Kiwi Dollar which hit target last Thursday…but I did not realise till I did my weekly analysis this weekend. Here’s the weekly chart:   As you can see on this weekly chart the KiwiDollar after a strong up trend reversed and fell back.  There were [...]

Hello there traders, sorry its been a while. Some of you may or may not be aware of the present correlation between the AUDJPY and the S&P 500.  There are people far smarter than I who can explain the full range and reasons  for this correlation. As a trader I just want to find good [...]

Yep, I know I’ve been a bit lax on the blog posting, There’s been other trading committment going on. So I figured I would get back in to it but posting a snapshot of GBP.  Take a look, any thoughts or opinions welcome. Trade Well. FXTraderPaul

I’ve not been blogging many trades or videos so far this year. The Metatrader platform whose charts you’ve seen in my past blog posts has been closed down by my broker as they change their Metatrader supplier.  In the old days you could easily move your profiles & templates from one Metatrader to another regardless [...]

Here’s my weekly Currency Strength Analysis for the week commencing 22nd January 2012. Weekly: 1. JPY 2. AUD 3.CHF 4.USD 5.GBP 6.EUR No real new news there. Daily: 1. AUD 2. JPY 3.USD 4.GBP 5. CHF 6.EUR   In terms of currencies and possible trades for this week I’m looking at EU, EJ, EA,CJ, UJ, [...]