Archive | November, 2009

27/11/09 GBPUSD Failed Pivot and Broker Challenges -29 points

November 30, 2009

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I’ve been in the City this week working from the floor of Saxo Bank in Canary Wharf.  Unfortunately by the the time I get there and set-up most of the good runs had already kicked off. I’ll write more about that in a later post. Anyway today (Friday) was the same, fears of contagion from Dubai […]

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Wednesday November 25 – Unleash the secret weapon!

November 25, 2009

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Half way through the week already and with the US on holiday for pretty much the rest of the week who knows what will happen with the charts. This time next month it will be Christmas day (scarey thought) It has been a difficult week for me. I went to a funeral on Monday and […]

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The Five Steps to becoming a Competent Forex Trader!

November 23, 2009

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I can take no credit for this piece (I wish I could) as it was written by another trader (it had to be as only a trader would recognise the journey). If anyone knows who was the original author then I’ll be happy to provide the necesarry credit.  Anyway this is a great piece that sums […]

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23/11/09 – GBPCHF Bearish Desc Tri- Not triggered

November 23, 2009

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Monday morning and setting up for my day and week.  Of the four options for me from my morning Relative Strength Analysis I like the look of GBPCHF short. I liked the fact that there was CHF strength across the board and that there was a nice Descending triangle setting up. Also the lower line […]

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Friday November 20- Aussie scores +110 pips – What a great day!!!!!!

November 20, 2009

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Following from my late post last night the Aussie trade was executed this morning short at 0.9200 that big round number I was talking about. The MACD divergence and price conspired nicely in my favour to deliver the goods. I only needed a 20 pip stop loss and guess what……………………………I added to it half way […]

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November 20 – EURUSD +48 PIPS

November 20, 2009

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It’s been a fantastic trading day for the 3 amigos today, the trades of the day are everywhere. Trades on the Yen crosses have really done well today, GBPJPY has been a beauty for me today. The thing I have found with GBPJPY is that if you get your entry right it can really deliver […]

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November 20 – Thoughts for the trading day ahead

November 19, 2009

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It’s late Thursday evening (2315 hrs in fact) and I should be in bed as I have an early start tomorrow. Well everyday is an early start, I always wake up at about 0500. I thought I’d do my report a bit early……put down in writing one of my thoughts for potential trades tomorrow or […]

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FRIDAY NOVEMBER 13 – UNLUCKY FOR OTHERS NOT FOR ME + 75 pips on cable

November 19, 2009

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No intraday trading for me today, as I had a meeting in London. Left home at 0700 hrs but still had time to place a nice little set play of mine. Nice 5:1 reward risk ratio – it’s my secret weapon. I was gutted that I wasn’t going to be able to trade today, but […]

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19/11/09 – Profiting from CHFJPY +10, +20 & + 50

November 19, 2009

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After yesterdays dull return this morning offered a veritable smorgasbord of opportunity.  Having done my Relative Strength Analysis I was looking to Buy Yen and Sell either GBP, EUR or CHF. Of those pairs the CHFJPY looked the best on my charts. (FXTrader Alan took the EURJPY).  What did I see?  Well there was a nice down trend, […]

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Week beginning November 9 2009 – EURUSD & THE 1.500 LEVEL

November 19, 2009

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Now I don’t trade the daily chart (don’t think I have the patience for it) however I always check it out for something obvious. From the beginning of November it has been pretty clear that there has been some massive divergence between what has been happening to price and the story being told by the […]

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