So it’s the final day of the month of April and I’m the first to admit that it’s been a challenging month.  If you trade Sterling and trade breakouts then it’s fair to say that you’ll have found it taxing. With the run-up to the general election next month it’s no surprise that Sterling has […]

It was a quiet morning for me today.  I was not as sharp as normal and so scaled back my trading.  Just the one trade which turned out to be a scratch position for me. GBPUSD. 1. Cable has set up for a bullish breakout and so my order is placed and triggered at 1.5444.  […]

It’s been a rum old time in the FX markets over the last 2 weeks or so. Some very interesting moves; some good, some choppy, some downright shocking! Anyway I started the week with a few small losses and as the week’s gone on so my trading has got better. Today I finished up with […]

It’s been a strange few days for me with my routine well and truly broken. Last week was my first losing week in nearly 10 weeks so I shouldn’t be too upset but use it as a chance to take stock and see what I can improve in my business. The title of this post […]

So after a couple of dull days I had a couple of trades trigger this morning….and swiftly wished I’d stayed in bed! GBPCHF – Long The trade triggers early…..never a good sign. It never goes positive before falling back swiftly and the system closes down my position for -11.  That’s not where my stop was […]

I’ve been away working and on holiday for the last two weeks so I always ease myself back into trading very slowly. Yesterday was my first day back but it was a strange old messy day. Today I was back into my routine and starting with my relative strength filter it was giving me some […]

So final day of the week and my final couple of trades.  There were a few setups for me to take and I decided upon GBPUSD and GBPCHF for my early morning breakouts.  These two trades are described below. GBPUSD. 1.    I’m short at 1.5215 with a target of 1.5170, price moves down strongly, there […]

Last week was a successful week for me financially in the markets and so after a long weekend away in Edinburgh watching the rugby I was ready to ease myself back into the markets this morning. Yesterday looked like it was a cracking day on the Forex markets selling Sterling.  I hope readers helped themselves to some […]

Just an observation but it seems to me that the best moves for my style of trading are now setting up after 1330 hrs. I’m not saying that we don’t get some decent moves between 0600 hrs  to 1000 hrs because we do. However the real runners, the sweeter setups are occuring in the New […]

Overall last week was a positive one….though I’m starting to investigate my reasons for trading the first week of the month.  More on that another time.  This morning has been an interesting one.  I started with some standard early morning breakouts on Cable and EURJPY, both went long and  both went positive…..before falling back and […]