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GBP/USD after a splendid downmove seems to have found consolidation with the 38% retracement level of the move having held about 2-3 times now. This market is rangebound at the moment and further confirmation is required for a reversal […]
My ego has just added “Iron Man” body armour.
Thinking it would add realism to my forex blogging, I posted up live a trade that was 3 points away from being stopped out thinking it was going pear-shaped as we say and then the turnaround happened that I was in the trade for in the first […]
Yesterday, I stated I would be looking to enter the market at 2.0225 on the GBP/USD because of the support there. I mentioned that it was important to look for an entry pattern on the 4 hourly chart due to a) the fact there was further downside potential to about 2.0195 and b) It is […]
Ok, you’ve read my forex blog, you’ve joined my forex training program, may be you bought the courses individually too, and you just can’t get yourself to do the work…but you want to place a trade.
It pains me to be making this post, but the fact is people don’t want to do the little work […]
Now that I trade forex full time, I have to ask myself, how have I gone from being something unrelated to the financial markets to someone with a lot of knowledge and expertise in forex and also other investment vehicles, particularly the Chinese stock market.
There are a lot of people I owe thanks to for […]
My trading for the week is over except for my [Chicago PMI-tec] “test” which members of my ezine know about… (see http://www.fasttrackforex.com) or sign up on the right of this blog.
I want to explain to you why I went long in cable this morning and how I made my 10 pips. Actually I made 13 […]
I identify the next strong level of support on the USD/JPY by drawing in Fibonacci Retracement lines on to my daily and hourly chart in this instance.
Since we have stormed through more than 125 pips since I posted the trade last night of my short of USD/JPY I am now looking for potential correction levels […]
Below is a picture of what I would call a “triple top” (first grey circle). In forex trading of Japanese Candlesticks, the triple top is not so strong a signal as the double top, but nonetheless the one in the diagram is a good one. Notice how the price hits the resistance first once, then […]
I decided to post another homework on this blog.
Ok, so what have the analysts and tipsters to say that is of interest to me today (also what do I have to say from my own analysis)…
EUR (Saxo)
Buy the break of 1.3437 target 1.35.
Sell the break of 1.3374, target 1.3305. Apply 30 pip stop.
Further weakness (of […]
Forex Market Analysis for Intraday Trading (June 20th 2007)
I am a subscriber to several daily report services. I also publish my own monthly forex newsletter, the only print newsletter of its kind via http://www.fasttrackforex.com/letter giving the absolute best forex training and monthly analysis of the market. You can visist this site and subscribe now. It […]
