Category Archives: Forex Trading - US session


Another 10 points out of the market GBP/USD

November 29, 2007 – 2:34 pm

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!I just used my proprietary chart setups to identify a lovely quick short GBP/USD trade for another 10 points today. I was in the market at 2.06125 and out at 2.05990 taking into account the spread of 3.5 pips […]

By Sam Beatson | Also posted in Currency Trading - UK Session, Technical Analysis, Forex Trading | Comments (0)

Short after “best business cards” chat…(!)

November 1, 2007 – 8:03 pm

I was having a conversation with a coaching client who also happens to own one of the most innovative, fun and exciting business card sites on the planet earth right now:
link: http://sam.kashcards.com will take you to this “multimedia business card experience”…
And told him I would be selling GBP for a couple of hours. It has […]

By Sam Beatson | Also posted in FastTrackForex, Forex video training | Comments (0)

Mind change…dollar weakness favored…

October 31, 2007 – 3:53 pm

Nice triangle breakout on 1 hour chart…intraday I favour technical analysis of 1 and 4 hourly charts, plus daily to get trend direction and current pattern identification. I use a 5 minute chart to trade off of, with my own proprietary systems on them, plus a 15 minute chart Woodies www.woodiescciclub.com Woodies CCI at default […]

By Sam Beatson | Also posted in Market Analysis, Technical Analysis, Forex Trading | Comments (2)

Choppy market…

October 31, 2007 – 11:36 am

We see a choppy market.
GDP coming out in 1 hour expected to be lower than last time.
GDP is gross domestic product, general economic indicator.
Later, FOCM minutes released during afternoon US session.
Saxo “bank” gave a prediction that there is a 75% chance of a floor forming for the USD and a 25% chance of a release […]

By Sam Beatson | Also posted in Market comments, Currency Trading - UK Session, Fundamental analysis | Comments (0)

Forex trading on economic news

October 3, 2007 – 1:50 pm

The foreign exchange interday market can get very volatile at announcement time when US financial figures are being released. For example, the Non-farm payrole data once per month can create news spikes and volatility that sees the market move up and down 50 pips within a fifteen minute period, sometimes down or up 100 pips […]

By Sam Beatson | Also posted in Currency Trading - UK Session, Forex brokers, Fundamental analysis | Comments (1)

Cable consolidating around 2.0105 US afternoon

September 4, 2007 – 4:00 pm

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 back up towards 2.0165 then 2.0200. Cable has tested 2.0070 which was the low of the […]

By Sam Beatson | Also posted in Market Analysis, Technical Analysis, Forex Trading | Comments (0)

Bernanke Speaks!

August 31, 2007 – 2:06 pm

A federal bank chariman speech can be as exciting as when the prophets of old spoke the Word of God unto the Israelites. At least it can feel that way if you are passionate about trading forex.
Expecting positive words from the chief, I placed a short at 2.0160. I am out of the market with […]

By Sam Beatson | Also posted in Currency Trading - UK Session, Fundamental analysis, Forex Trading | Comments (0)