I’ve been writing about the Cable’s movements all year.  You can get up to date by reading my previous posts: here In my last few pieces I’ve been keeping an eye on the monthly chart which you can see above. I had talked about how the monthly 200MA had acted as a cap in 2009 […]

I’ve been keeping an eye on GBPUSD in 2014 and wrote about the pair a few weeks back (which you can read here). In those pieces I talked about the cap that the Monthly 200 period Moving Average has presented around 1.6635. Price hit those levels…and then promptly sold off. Well after a nice sell […]

Here’s a little update from my Gold post of the 20th Jan which you can read here: Gold In my previous post I talked about how having double bottomed nicely price was running into resistance around the weekly trend line / weekly 20 Moving Average and a resistance zone around 1265 -1275.  I mentioned that […]

At the end of 2013 I was asked to create a simple, multi-asset, multi-time frame strategy that a relative new-comer could use and would also be good for trading both continuations and reversals. I developed the ‘Wallachi Fan’ which I’ve shared with a few clients and you’ll see the odd post about trades using this strategy.  My […]

There’s a saying that “7 days is a long time in politics” well in financial markets it would appear that 24 hours is a long time in trading. I’d put up a piece on Thursday evening / Friday morning about GBPUSD hitting new highs and intimating that a daily and weekly close above the 1.66 […]

I was delivering a presentation for a broker client last week which included some market analysis and thought I’d put up a few of the charts I talked about here.  It will be interesting to see whether today’s NFP figures will make a blind bit of difference to the markets.  We shall wait and see. […]

Hello traders, After returning from a busy few days including a long and enjoyable evening at the London Trader’s Network Social event I was able to sit down this afternoon and take a look at the 6 trades I’d placed early on Tuesday and how they’d fared over the last 48 hours. Several people at […]

Fellow traders, Its been a while since I posted a video. I’ve been suffering from a severe winter infection the last few weeks so am just easing myself back into the action.  Here’s a trade from this week upon which I benefitted from the Japanese intervention. Enjoy FXTraderPaul

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 […]