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 [...]

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

Here’s a quick piece on a trade from this week on the GBPUSD. It hit T1 yesterday and now I’ll wait and see what it does from here. On the weekly chart we had an inside bar that was also a hi-test bar against the moving average. Cable has been in an aggressive down trend [...]

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 [...]

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, Here’s an update to my post last week regarding some of my growth account plays.  You can read the first part here http://wp.me/pFP6t-nQ .  I should also state that I have positions in NZDUSD and USDJPY also trigger this week and I’m following those as we speak however I’m only going to focus on Cable here. After [...]

Well I had a good feeling about 2011 and so far so good.  If all my weeks were like this then I’d be a happy boy. My income trading generated 62 pips off 3 trades for a 3% return and one of my position trades has triggered.  I mentioned earlier in the week that I [...]