Firstly – apologies for not blogging much this week. For those of you with children you’ll know that this is half term week so I have been putting my trading in where I can, whilst we enjoy this ‘Indian Summer’. Added to which my internet connection has been ssso slow it feels like at times […]

There was no discretionary trade on Cable for me this morning. When I looked at it I felt it was just messy and lacking any direction or conviction. So here is a trade I took on the USDCHF.  I used to trade this pair a lot many years back but these days not so often.  […]

Well I spent most of last week attending Tom Hougards and Dr David Pauls workshop in London.  I don’t attend many workshops these days as they’re usually overpriced, packed full of fluff and presented by sales animals as opposed to actual Traders. Here I can say that Tom and David’s workshop is the exception to the […]

23 OCTOBER 2009 – What a day! In case you didn’t know – WE ARE STILL IN RECESSION….well durr! Today was the day that everyone and anyone who trades the forex will be talking about forever. The kind of story that gets told down the pub and to the grandchildren. The “where were you when […]

Well what a day! Yesterdays charts looked just like the view from my window – dismal and damp, I couldn’t find anything to trade so did some retail therapy instead. Today has been a stonker, the kind of day I wait for, the kind of day when everything you like to see in a chart […]

Trade One is AUDUSD  currently +50PIPs @ 1707 hrs on 19th October There has been no holding back the Aussie Dollar it’s been pretty much unstoppable recently trending upwards relentlessly. On Friday there was some lovely divergence between price and the MACD on the 60m chart, which saw it peaking at about 0.9275 and then […]

Greetings Traders! Let me introduce myself….I go by the name of FXTraderSandy – veteran of 5 years. I’ve known TraderPaul for a few years now and last week we were having one of those conversations that friends have, you know the kind of thing –  talking about what we should do but never actually do […]

    Morning all. No trade for me this morning (actually I have taken 4 trades using other systems) on my early morning discretionary ‘less is more’ challenge. Thought I would put a chart and a few points. Up above is the 5 min cable chart.  At point 1 we can see that we had […]

  Ok, nice to end the week on a positive note. After a couple of days of strong bullish moves cable starts to run out of steam during the asian session. Price heads down to a previous level of support from which it bounces hard (at point2).  I believe that this is the last push […]

Ok so here’s my first loss. Cable had turned its trend the previous day and had channeled north over night. At point 1 price made what I felt was a last push north.  It broke north of an upwards channel, without convergence on the MACD and with price printing a high test bar at the […]