I’ve not posted for a while as I’ve been busy with one family emergency after another.  I’m just starting to get back into my working routine after an eventful couple of months. During this period my trading has been limited to some news trading as part of  ‘The Wallachie Fan’ and some much longer term […]

I spent most of today at the Shares Magazine Forex Trading Conference presenting on “What I Wish I’d Known When I Started Trading” – I’d been led to believe that 70-80% of the attendees were complete newbies and planned my presentation around that. In the end probably 50% of people had been trading for more […]

I’ve been writing all year about the EURGBP and its constant decline whilst making new lows. Well at the end of this week we had a further point of interest as the currency closed below the psychological number 0.800 for the first time since September 2012. Most of this was due to comments by BoE […]

I wrote a couple of weeks back that the markets and in particular a lot of the FX markets were decidedly lackluster these last 2-3 months.  As usual no sooner had I spoken than things picked up! Yesterday we saw new annual lows in the EURGBP. Check out the chart below:   EURGBP has been […]

Well its been an interesting week for the markets, what with Crimea and big news announcements. I deliver a few educational webinars for a European brokerage ActivTrades and as part of the webinars I go through some of the major charts. I thought I’d share a few of them here with you. AUDUSD Daily I […]

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 last wrote about EURGBP a few weeks back (which you can read here) where I talked about the emergence of a descending wedge on the weekly and daily chart of EURGBP. I admitted that I have a particular interest in a declining EURGBP rate as it helps me enormously from a personal level. It would […]

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 […]

  Its been a good few weeks for Sterling traders as David Morrison commented on the Activtrades market piece: “On a long-term chart, the 1.67 area looks like the next most significant level of resistance. Sterling also made solid gains against the euro and is now trading at its highest level against the single currency […]

last year was a pretty dull year for trading EURGBP (well by my methods anyway). However it’s a chart I watch closely. As someone who earns in Sterling but who pays in Euro I admit to having a serious interest in the dynamics of this pair. As mentioned last year was dull. After an early […]