Hello there traders, sorry its been a while. Some of you may or may not be aware of the present correlation between the AUDJPY and the S&P 500.  There are people far smarter than I who can explain the full range and reasons  for this correlation. As a trader I just want to find good […]

I’ve not been blogging many trades or videos so far this year. The Metatrader platform whose charts you’ve seen in my past blog posts has been closed down by my broker as they change their Metatrader supplier.  In the old days you could easily move your profiles & templates from one Metatrader to another regardless […]

Hello fellow traders from Co Louth, Ireland where I find myself this week with my family. Its been an interesting week to hear the Irish Governments Budget and their austerity plans (and the people’s reaction) in the context of the Friday 9th Euro Summit and all that it holds.  It’s also been interesting to hear […]

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

Here’s a quick piece on a trade from this week on the GBPUSD. It hit T1 yesterday and now I’ll wait and see what it does from here. On the weekly chart we had an inside bar that was also a hi-test bar against the moving average. Cable has been in an aggressive down trend […]

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 […]

Here’s an update on my EURCAD short trade.  You can read the first 2 installments here and here. I had originally got short at 1.3832 on a Price Action based entry. (N.B. In my previous posts I had put down I was short from 1.3820, it was actually 1.38320, I had missed out a digit […]

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 […]

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 […]