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 [...]

Hello Traders, As usual here’s my analysis of Currency Strength & Weakness for the week beginning 15th January. From the weekly perspective: 1. JPY 2.AUD 3.USD 4. CHF 5. GBP 6.EUR No change from last week on a weekly outlook From the Dailies: 1.AUD 2.JPY 3.USD 4.GBP 5.CHF 6.EUR So on both the daily and [...]

Happy New Year Fellow Traders! I had an extended break over the holiday period and used the time to plan my next 12 months. More of that in future posts. In the mean time here’s the weekly strength analysis for this week. Weekly: 1. JPY 2.AUD 3. USD 4. CHF 5. GBP 6. EUR Ok [...]

It’s been a quite couple of trading weeks but I’m still going through my trading routine. Here’s the weekly currency strength analysis: 1. CHF 2. YEN 3. AUD 4. EUR 5. GBR 6. USD So no major changes on the weekly strength front (despite volatility and intervention) If we look at the daily strength we [...]

I thought that I would add some of my weekly analysis to the blog.   It’s nothing difficult, just the use of a simple technical analysis tool to give me an idea of which currency is strong and which is weak. It takes about 10 minutes every Sunday night and is a quick and easy way [...]

My trade sheet for today reads like this: Morning Trades: -64 pips Afternoon Trades: +220.7 pips Nett Position: + 156.7 pips I used to love getting up early in the morning, placing a few trades and walking away at 10 a.m.  pip positive and the whole day left to myself to do whatever I felt [...]