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 […]

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 […]

As I mentioned last week I’ll start putting up my weekly strength chart for the Currencies I watch. 1. CHF 2. YEN 3. AUD 4.EUR 5.GBP 6. USD Only real change on the weekly strength is that despite the BoJ intervention Yen has overtaken AUD. Not a real surprise if you look at the kicking that the […]

I thought that I would add some of my weekly analysis to the blog.   It’s nothing difficult, just the use of a simple technical analysis tool to give me an idea of which currency is strong and which is weak. It takes about 10 minutes every Sunday night and is a quick and easy way […]

Hello readers, I hope you all had an enjoyable Easter weekend.  I carried this position through the weekend and was stopped out early today.  I had considered closing the position before the holiday but just decided to stick with my plan and follow my trailing stop as per normal.  You may remember from my previous […]

Just a quick piece on a long trade in GBPUSD which was triggered last night.  See the attached chart. This was a Growth trade, had been set on Sunday and was triggered yesterday (Wednesday) afternoon taking me long at 1.6435. I had missed an opportunity to take an extra position based on my rules earlier in […]

Hey traders, Here’s an update to my post last week regarding some of my growth account plays.  You can read the first part here http://wp.me/pFP6t-nQ .  I should also state that I have positions in NZDUSD and USDJPY also trigger this week and I’m following those as we speak however I’m only going to focus on Cable here. After […]