Today has been (AND IS) a pretty significant day in FX. Many of the currency pairs that have been on the brink over the last few weeks, causing the choppy markets that we have been experiencing (and the stressful trading for the trend followers) appear to have made a decision today. If you, like me, […]

Gosh  – December is only 2 weeks old and its proving to be the month that is testing my patience and discipline. This is not a trending month. This is a month where you have to do the smash and grab. A quick in and out for the most part with the VERY occasional runner […]

Monday morning and setting up for my day and week.  Of the four options for me from my morning Relative Strength Analysis I like the look of GBPCHF short. I liked the fact that there was CHF strength across the board and that there was a nice Descending triangle setting up. Also the lower line […]

Following from my late post last night the Aussie trade was executed this morning short at 0.9200 that big round number I was talking about. The MACD divergence and price conspired nicely in my favour to deliver the goods. I only needed a 20 pip stop loss and guess what……………………………I added to it half way […]

It’s been a fantastic trading day for the 3 amigos today, the trades of the day are everywhere. Trades on the Yen crosses have really done well today, GBPJPY has been a beauty for me today. The thing I have found with GBPJPY is that if you get your entry right it can really deliver […]

It’s late Thursday evening (2315 hrs in fact) and I should be in bed as I have an early start tomorrow. Well everyday is an early start, I always wake up at about 0500. I thought I’d do my report a bit early……put down in writing one of my thoughts for potential trades tomorrow or […]

No intraday trading for me today, as I had a meeting in London. Left home at 0700 hrs but still had time to place a nice little set play of mine. Nice 5:1 reward risk ratio – it’s my secret weapon. I was gutted that I wasn’t going to be able to trade today, but […]

Now I don’t trade the daily chart (don’t think I have the patience for it) however I always check it out for something obvious. From the beginning of November it has been pretty clear that there has been some massive divergence between what has been happening to price and the story being told by the […]

TRADING JOURNALS – WHY BOTHER? Today was a great day trading – small losers, small winners and a few big winners – just as we like it. Overall 3% up on the day. That’s what you’d call a good day at the office. Sometimes after a long trading day (well about 5 hours today in […]

Firstly – apologies for not blogging much this week. For those of you with children you’ll know that this is half term week so I have been putting my trading in where I can, whilst we enjoy this ‘Indian Summer’. Added to which my internet connection has been ssso slow it feels like at times […]