Monday 5 October 2009
Friday 18 September 2009
Thursday 17th September
Yesterday provided quite an active market so we were able to trade all six of the pairs for a total gain of 203 pips. The USD was weak early on then recovered whereas the GBP dropped off quite markedly later in the day due to some worsening news from the retail sector in particular.
There was a small trade early in the day which produced a small gain of 10 pips from the GBP/USD Short but then a small rally cut that trade off unless it was allowed to run as it turned before hitting the usual stop loss, of at least 30 pips behind our entry point, we recomend using. We then saw another trade develope later in the afternoon which would have produced in excess of 120 pips but as we don't normally trade this late in the day we have not included it in the gains shown above. The best performer of the day was the USD/JPY Long which produce 62 pips.
Today looks to be a normal Friday trading day with few reports of interest due out. The only exception id the GBP which could easily react to adverse results on Public Sector Borrowing due out at 9.30 am ( see forexfactory.com) so take care with any trades as usual on Fridays.
There was a small trade early in the day which produced a small gain of 10 pips from the GBP/USD Short but then a small rally cut that trade off unless it was allowed to run as it turned before hitting the usual stop loss, of at least 30 pips behind our entry point, we recomend using. We then saw another trade develope later in the afternoon which would have produced in excess of 120 pips but as we don't normally trade this late in the day we have not included it in the gains shown above. The best performer of the day was the USD/JPY Long which produce 62 pips.
Today looks to be a normal Friday trading day with few reports of interest due out. The only exception id the GBP which could easily react to adverse results on Public Sector Borrowing due out at 9.30 am ( see forexfactory.com) so take care with any trades as usual on Fridays.
Thursday 17 September 2009
Wednesday 16th September
Yesterday turned out to be quite a good day with five of the six pairs trading for at total gain of 195 pips. The main activity seemed to centre around the USD which was strong early on then weekened later in the day. This gave us plenty of opportunity to do some good trading.
The GBP/USD Short trade worked quite well although it started off someway into the trading points which restricted the gain to 15 pips. However there was the chance of a further bite of this cherry later in the day for those who felt keen. The best performer of the day was both of the JPY pairs each producing around 80 pips gain.
Today Thursday 17th with the volatility of the USD the GBP and the JPY we are hopeful that this will bring some interesting trading opportunities our way. Fingers crossed!
The GBP/USD Short trade worked quite well although it started off someway into the trading points which restricted the gain to 15 pips. However there was the chance of a further bite of this cherry later in the day for those who felt keen. The best performer of the day was both of the JPY pairs each producing around 80 pips gain.
Today Thursday 17th with the volatility of the USD the GBP and the JPY we are hopeful that this will bring some interesting trading opportunities our way. Fingers crossed!
Wednesday 16 September 2009
Tuesday 15th September
Yesterday Tuesday 15th only low gains of 47 pips although there was a chance to make some extra later in the day from a couple of pairs but we have not included them here. With the USD weak against most currencies, except for the pound which also weakened after some bad news at 9.30 am, we only had two modest trades.
The expected GBP/USD Long trade failed to materialise after some bad reports at 9.30 am (as shown on forexfactory.com) which proves it pays to monitor these reports for likely effect. Of the only two trades that did happen the USD/CAD was the best of the day at 32 pips gain.
There may be some correcting of the fairly large moves from yesterday which could be good for us. However there are one or two interesting reports due out today which could affect the GBP (9.30 am) and the USD (3.00 pm) so be careful around these times if you are in a trade.
The expected GBP/USD Long trade failed to materialise after some bad reports at 9.30 am (as shown on forexfactory.com) which proves it pays to monitor these reports for likely effect. Of the only two trades that did happen the USD/CAD was the best of the day at 32 pips gain.
There may be some correcting of the fairly large moves from yesterday which could be good for us. However there are one or two interesting reports due out today which could affect the GBP (9.30 am) and the USD (3.00 pm) so be careful around these times if you are in a trade.
Tuesday 15 September 2009
Monday14th September
Yesterday Monday 14th was very poor even for a Monday with only one trade which produced only 11 pips gain. None of the other pairs went in the predicted direction.
The GBP/USD Long was the only pair that traded but even they were indecisive until very late afternoon when they did manage to perform but we don't normally advocate trading this late in the day.
Today, Tuesday 15th there are one or two reports due out which could affect the GBP (morning) and USD (afternoon) so although it should be a better day than yesterday and Friday be careful and check forexfactory.com to see what the reports hold.
The GBP/USD Long was the only pair that traded but even they were indecisive until very late afternoon when they did manage to perform but we don't normally advocate trading this late in the day.
Today, Tuesday 15th there are one or two reports due out which could affect the GBP (morning) and USD (afternoon) so although it should be a better day than yesterday and Friday be careful and check forexfactory.com to see what the reports hold.
Monday 14 September 2009
Friday 11thSeptember
Last Friday 11th was just a quite Friday as predicted with just 54 pips from 4 small trades. Some of the pairs moved sideways in a fairly narrow band and a small loss was made on the GBP/USD. Just a reasonable gain for the week at 573 pips lets hope we improve for the rest of the month.
A small loss was made on the Long GBP/USD due to a period of sideways trading and then time running out. The best of the pairs that traded was the EUR/USD with 22 pips gain.
Today again looks to be fairly quite with not much in the way of news around and low buying/selling pressure. There is always the chance that things could liven up later but no real indication of why or when at the moment.
A small loss was made on the Long GBP/USD due to a period of sideways trading and then time running out. The best of the pairs that traded was the EUR/USD with 22 pips gain.
Today again looks to be fairly quite with not much in the way of news around and low buying/selling pressure. There is always the chance that things could liven up later but no real indication of why or when at the moment.
Friday 11 September 2009
Thursday 10th September
Yesterday Thursday 10th was as predicted quite a difficult day with the market re-acting to some of the news that came out. As a result only two of the pairs traded for a gain of 118 pips. There was the opportunity to grab another couple of trades later in the afternoon but I have not included them as normally we don't encourage trades later on in the day.
The GBP/USD Long trade did us proud with a gain of 85 pips after allowing it to run after it hit our exit point. The other pair that traded was the USD/JPY for a modest 30+ pips.
Today Friday 11th just another Friday although there seems to be something happening around the JPY so apply the usual caution particularily with the JPY pairs!
The GBP/USD Long trade did us proud with a gain of 85 pips after allowing it to run after it hit our exit point. The other pair that traded was the USD/JPY for a modest 30+ pips.
Today Friday 11th just another Friday although there seems to be something happening around the JPY so apply the usual caution particularily with the JPY pairs!
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