Ladies & Gentlemen, “They asked for an article and for my sins I gave them one. And after this article they’ll never want another.” (With apologies to Martin Sheen in Apocalypse Now!) I was asked to write an article for Traders’ Magazine and decided to try to write something a bit different from the normal […]

“Private traders have one advantage over professionals – the ability to stay OUT of the market, yet they squander this advantage time and time again by trading when they shouldn’t” – Dr. Alexander Elder Wise words indeed by Dr. Elder and a principle I’ve followed in these last 48 hours where I’ve taken a hiatus from trading […]

Here’s my weekly FX strength analysis for the week beginning 25/09/2011 Weekly: 1. JPY 2.CHF 3.AUD 4.USD 5.EUR 6.GBP Ok so by my scale thats the first period for over 9 months, since the CHF was not the strongest currency(since 19/12/2010 to be exact) . Admittedly it’s only dropped to 2nd but when we look […]

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 […]

Here’s an update on my EURCAD short trade.  You can read the first 2 installments here and here. I had originally got short at 1.3832 on a Price Action based entry. (N.B. In my previous posts I had put down I was short from 1.3820, it was actually 1.38320, I had missed out a digit […]

This is another great blog post by Peter Brandt.  I would heartily recommend you read and take action accordingly. Enjoy   Get ready for a big surprise! If you are a successful day trader, this post does not apply to you. However, if you are unsuccessful as a day trader, then this post might be […]

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 […]

Hello Traders, Here’s this weeks analysis of the FX markets I watch. Weekly Strength 1. CHF 2. JPY 3.AUD 4. GBP 5.EUR 6.USD No real shocks there. Of course there were some amazing moves due to SNB intervention but those have yet to show through on the weekly charts.  If we drop down to the […]

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 […]