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!
Thursday 10 September 2009
Wednesday 9th September
Yesterday Wednesday 9th turned out to be a really good day despite the concerns around the USD. The total pips gaind from all six pairs trading was 194. One or two trades were difficult to judge so being cautious you may have got out earlier on them and the EUR/JPY trade occured late in the afternoon so you may not have done it. But still a good day overall!
The GBP Long trade went well providing you stayed with it when it appeared to be possibly turning. The two stars of the day were the EUR/USD and the USD/CHF which provided around half the gains between them.
Today may be another difficult one to predict as there are several reports and indicators due out today which could affect trading so keep a watch on the www.forexfactory.com site to see at what time they are being announced and get ready to get out of any trades that might be affected depending on the news and whether you are in Long or Short.
The GBP Long trade went well providing you stayed with it when it appeared to be possibly turning. The two stars of the day were the EUR/USD and the USD/CHF which provided around half the gains between them.
Today may be another difficult one to predict as there are several reports and indicators due out today which could affect trading so keep a watch on the www.forexfactory.com site to see at what time they are being announced and get ready to get out of any trades that might be affected depending on the news and whether you are in Long or Short.
Wednesday 9 September 2009
Tuesday 8th September
Yesterday was a very bad day for the US Dollar against most currencies. There was no obvious reason for this other than the price of Gold being very strong. As a result we had a modest days trading with only two pairs trading to produce a gain of 96 pips.
The GBP Short failed to develope along with three other pairs, mainly due to the US Dollar weakness. The best performing pair was the EUR/JPY being allowed to run on once the trade started to produce 51 pips.
Not sure what is going to happen to the US Dollar today, it should retrace after yesterdays falls but this may only be a pullback rather than a solid move. Stay alert and be prepared to get out of any trade that starts to show any further weakness in the US Dollar.
The GBP Short failed to develope along with three other pairs, mainly due to the US Dollar weakness. The best performing pair was the EUR/JPY being allowed to run on once the trade started to produce 51 pips.
Not sure what is going to happen to the US Dollar today, it should retrace after yesterdays falls but this may only be a pullback rather than a solid move. Stay alert and be prepared to get out of any trade that starts to show any further weakness in the US Dollar.
Tuesday 8 September 2009
Monday 7th September
Yesterday the 7th September was quite a reasonable Monday with total gains of 111 pips from trades from all of the six pairs. The best performing pair was the USD/CAD which produced 37 pips while the remaining pairs only managed between 10/20 per trade.
The GBP/USD was one of the less productive pairs with only 9 pips gain but still a gain is a gain!
After yesterdays rather slow day (US bank holiday) today (Tuesday 8th) may give us more to work with but a lot depends on how the USD performs as there is not much in the way of technical info coming out of the US today.
The GBP/USD was one of the less productive pairs with only 9 pips gain but still a gain is a gain!
After yesterdays rather slow day (US bank holiday) today (Tuesday 8th) may give us more to work with but a lot depends on how the USD performs as there is not much in the way of technical info coming out of the US today.
Monday 7 September 2009
Friday 4th September
Last Friday 4th, was a bit mixed with some pairs performing and others either not performing at all or performing strangely. Anyhow we managed to produce a gain of 127 pips from just three trades with a small loss on one other. That gave us a total of 753 pips for the four day week which is a nice start for the month!.
The GBP/USD did produce a few pips (17) after moving strongly in the right direction before we were able to get in. By the time we did get in there were only a few more pips available before it tunred around. The star for the day was the USD/CHF pair which produced 76 pips after hitting the target exit point and being allowed to run on. A small loss of (-7) was made on the USD/JPY which went the wrong way as soon as we got in!
Today Monday 7th looks rather difficult with the USA on a bank holiday and a combination of low buying/selling pressure and early low volume. So unless things change be very careful today until we see some clear signs of how the market is going to go.
The GBP/USD did produce a few pips (17) after moving strongly in the right direction before we were able to get in. By the time we did get in there were only a few more pips available before it tunred around. The star for the day was the USD/CHF pair which produced 76 pips after hitting the target exit point and being allowed to run on. A small loss of (-7) was made on the USD/JPY which went the wrong way as soon as we got in!
Today Monday 7th looks rather difficult with the USA on a bank holiday and a combination of low buying/selling pressure and early low volume. So unless things change be very careful today until we see some clear signs of how the market is going to go.
Friday 4 September 2009
Thursday 3rd September
Yesterday Thursday 3rd was fairly quiet with only a couple of trades taking place to produce just 79 pips gain.
The GBP/USD Short trade failed to materialise so it was left with the EUR/USD and USD/CAD to provide the gains. The other pairings failed to reach their entry points.
Today (Friday 4th) a couple of special reports due out today, the Non-Farm Payroll and US Employment Rate, both could have some significant effect either way on the strength of the Dollar so the usual Friday care needs to be taken.
The GBP/USD Short trade failed to materialise so it was left with the EUR/USD and USD/CAD to provide the gains. The other pairings failed to reach their entry points.
Today (Friday 4th) a couple of special reports due out today, the Non-Farm Payroll and US Employment Rate, both could have some significant effect either way on the strength of the Dollar so the usual Friday care needs to be taken.
Thursday 3 September 2009
Wednesday 2nd September
Wednesday was an ok day but a bit of an anti-climax after such good results on Tuesday. There were five trades but three of those were very small and the total pips gained were 153.
The GBP/USD Long trade proved good after allowing it run through the target to achieve 72 pips gain. The EUR/JPY was second best with 57 pips gain.
Not that clear what tommorow may bring, it depends on how the USD settles down after a bit of a roller coaster period. The week so far has been pretty good so if it fizzles out a bit today (Thursday) and tommorow nothing will be lost.
The GBP/USD Long trade proved good after allowing it run through the target to achieve 72 pips gain. The EUR/JPY was second best with 57 pips gain.
Not that clear what tommorow may bring, it depends on how the USD settles down after a bit of a roller coaster period. The week so far has been pretty good so if it fizzles out a bit today (Thursday) and tommorow nothing will be lost.
Wednesday 2 September 2009
Tuesday 1st September
WOW what a great day! All six pairs performed - some brilliantly!! The total gain for the day was 394 pips with the GBP/USD being the star of the day.
The GBP/USD Short worked like a dream althought there was a small blip early on when it looked like it might be running out of stream but with a bit of determination and letting it ride it finally did the business for us BIG STYLE.
The EUR/JPY also did well. In fact over the past few days both the JPY pairs have been performing well (from a trading point of view).
Not sure if this excitment will run on tomorrow but lets hope it does as we are heading for a record breaking week!
The GBP/USD Short worked like a dream althought there was a small blip early on when it looked like it might be running out of stream but with a bit of determination and letting it ride it finally did the business for us BIG STYLE.
The EUR/JPY also did well. In fact over the past few days both the JPY pairs have been performing well (from a trading point of view).
Not sure if this excitment will run on tomorrow but lets hope it does as we are heading for a record breaking week!
Tuesday 1 September 2009
Monday 31st August
Although yesterday was a Bank Holiday in the UK the Forex was open and as it turned out it was quite a good trading day with a gain of 91 pips from just a couple of trades.
The GBP/USD was not a trade and the best for the day was the USD/JPY which gave us 49 pips.
Today Tuesday 1st Sept could be a good day providing there is no unexpected bad news coming out anywhere. As it is the first day after a Bank Holiday weekend it may pay to be cautious until the market decides what it is doing.
The GBP/USD was not a trade and the best for the day was the USD/JPY which gave us 49 pips.
Today Tuesday 1st Sept could be a good day providing there is no unexpected bad news coming out anywhere. As it is the first day after a Bank Holiday weekend it may pay to be cautious until the market decides what it is doing.
Monday 31 August 2009
Friday 28th August
Quite a fair day for a Friday with a gain of 157 pips from five trades. The total for the week was 870 pips and for the Month of August an impressive total of around 2584 pips.
The Short trade for the GBP/USD failed to materialise and of the other five trades the EUR/USD was the best producing 79 pips.
As this is a Bank Holiday weekend it is hard to predict what will happen on Monday as most of the other markets will be closed. The Forex is open but as always it is difficult to know how much volume there will be and therefore how the market will react.
The Short trade for the GBP/USD failed to materialise and of the other five trades the EUR/USD was the best producing 79 pips.
As this is a Bank Holiday weekend it is hard to predict what will happen on Monday as most of the other markets will be closed. The Forex is open but as always it is difficult to know how much volume there will be and therefore how the market will react.
Friday 28 August 2009
Thursday 27th August
Rather a slow day after yesterdays excitement so only managed 67 pips from four small trades. Looking quite good for the week, lets hope tomorrow gives us a good send off to August.
No trade for the predicted GBP/USD Long although there was an opportunity which presented itself but it was not until late afternoon/early evening which is technically outside our suggested trading times so we didn't include it. So it was down to the EUR pairings to give us some gains - albeit modest.
Tomorrow, Friday 28th may have some news to spark things off so we will keep our fingers crossed.
No trade for the predicted GBP/USD Long although there was an opportunity which presented itself but it was not until late afternoon/early evening which is technically outside our suggested trading times so we didn't include it. So it was down to the EUR pairings to give us some gains - albeit modest.
Tomorrow, Friday 28th may have some news to spark things off so we will keep our fingers crossed.
Thursday 27 August 2009
Wednesday 26th August
Wednesday proved to be an excellent day with the USD coming on very strong at around 11.00 This generated trades for all the six pairs producing 357 pips in total.
The Short trade for GBP/USD was the best of the day with a gain of 127 pips from an Opening of 16293 and a Close of 16166. The only pair that failed to hit it's target was the USD/JPY with only 10 pips gain.
There are one or two bits of technical information coming out tomorrow Thursday 27th so we shall have to wait and see what effect they have on our predictions.
The Short trade for GBP/USD was the best of the day with a gain of 127 pips from an Opening of 16293 and a Close of 16166. The only pair that failed to hit it's target was the USD/JPY with only 10 pips gain.
There are one or two bits of technical information coming out tomorrow Thursday 27th so we shall have to wait and see what effect they have on our predictions.
Wednesday 26 August 2009
Tuesday 25th August
As predicted Tuesday 25th turned out to be quite a good trading day with a gain of 172 pips from four trades. A couple of them were quite tricky and sometimes you have to be a bit brave to reap the results but if you had been brave it would have been possible to make an extra 20/30 pips.
The GBP/USD Long trade was successful and by allowing it to carry on through the target made 47 pips. The USD/CAN pair were the best for day with a total of 63 pips.
Today, Wednesday 26th appears to be quite a normal day although the EUR/USD and USD/CHF pairs look to be in a bit of a sideways movement at the moment.
The GBP/USD Long trade was successful and by allowing it to carry on through the target made 47 pips. The USD/CAN pair were the best for day with a total of 63 pips.
Today, Wednesday 26th appears to be quite a normal day although the EUR/USD and USD/CHF pairs look to be in a bit of a sideways movement at the moment.
Tuesday 25 August 2009
Monday 24th August
This turned out to be quite a reasonable day for a Monday with a total of 117 pips from four trades.
The GBP/USD Long trade was the best of the bunch Opening at 16474 and Closing at 16508 for a total gain of 34 pips. The USD/JPY was a bit of a disappointment as it looked to be heading for a good trade until it turned against us - so had to get out for very little gain of only 3 pips.
Tuesday 25th looks promising although one or two pairs may only have a short initial retracement before fulfilling their potential. Could be quite an interesting day.
The GBP/USD Long trade was the best of the bunch Opening at 16474 and Closing at 16508 for a total gain of 34 pips. The USD/JPY was a bit of a disappointment as it looked to be heading for a good trade until it turned against us - so had to get out for very little gain of only 3 pips.
Tuesday 25th looks promising although one or two pairs may only have a short initial retracement before fulfilling their potential. Could be quite an interesting day.
Monday 24 August 2009
Friday 21st August
As often happens Friday was rather disappointing with only one pair being trade for a profit of only 9 pips. However the total pips gained for the week were a very respectable 501.
Friday 21st, unable to trade any other pairs other than the USD/JPY and that only produced 9 pips gain so not a very exciting day.
Today, Monday 24th, looks just an ordinary day but it is a Monday after all so be careful and be happy to take profit where you can.
Friday 21st, unable to trade any other pairs other than the USD/JPY and that only produced 9 pips gain so not a very exciting day.
Today, Monday 24th, looks just an ordinary day but it is a Monday after all so be careful and be happy to take profit where you can.
Friday 21 August 2009
Thursday 20th August
Although some pairs remained in a fairly narrow band of sideways consolidation the trades that we were able to do produced a pleasing 211 pips mainly from the JPY pairings with USD and EUR.
The predicted Short trade for the GBP/USD Opened at 16537 and Closed at 16475 for a gain of 62 pips. Both the EUR/JPY and the USD/JPY were traded for 41 and 69 pips respectively.
Today Friday 21st looks to be a normal Friday so be ready to close out any trades well before the close of trading.
The predicted Short trade for the GBP/USD Opened at 16537 and Closed at 16475 for a gain of 62 pips. Both the EUR/JPY and the USD/JPY were traded for 41 and 69 pips respectively.
Today Friday 21st looks to be a normal Friday so be ready to close out any trades well before the close of trading.
Thursday 20 August 2009
Wednesday 19th August
Not as good as we expected with only 68 pips from 5 trades. We were frustrated by rogue opposing candles which stopped a couple of trades from performing but these will happen from time to time.
Once again the GBP/USD trade failed to materialise. This left us with four other pairs which only just performed and the USD/JPY which made a very small loss.
Following one or two frustrating days lets hope that Thursday does the business for us.
Once again the GBP/USD trade failed to materialise. This left us with four other pairs which only just performed and the USD/JPY which made a very small loss.
Following one or two frustrating days lets hope that Thursday does the business for us.
Wednesday 19 August 2009
Tuesday 18th August
"What a difference a day makes" as the old adage goes. Today was more like what we expect from our predictions with a gain of 213 pips. To be fair some of this was from double trading the JPY pairs going Short at first and then going Long but still a good days trading.
The GBP/USD failed to create a trading opportunity. But some reasonable trading on the other pairs, notebly the JPY pairs made it all worth while.
Wednesday 19th looks to have some better potential.
The GBP/USD failed to create a trading opportunity. But some reasonable trading on the other pairs, notebly the JPY pairs made it all worth while.
Wednesday 19th looks to have some better potential.
Tuesday 18 August 2009
Monday 17th August
As predicted Monday was a very difficult day for trading as the USD seemed to strengthen (for no apparent reason) against most currencies only to falter later in the day but too late to take advantage of. Quite a good week last week with total gains of around 513 pips.
There was no trade for the GBP/USD pair and very little else on offer. A few pips could have been taken from USD/JPY.
Tuesday looks more interesting and there may be opportunities to take profit form both Long and Short positions with both the USD and EUR against the JPY.
There was no trade for the GBP/USD pair and very little else on offer. A few pips could have been taken from USD/JPY.
Tuesday looks more interesting and there may be opportunities to take profit form both Long and Short positions with both the USD and EUR against the JPY.
Monday 17 August 2009
Friday 14th August
Modest days trading (typical Friday) with only 84 pips profit from a total of four trades.
The GBP/USD had a small attempt early in the day but that then failed and did not offer any other opportunities for that pair. Again the best performing pair for the day was the USD/JPY (Short) which was opened at 9514 and closed approximately 3 hours later at 9457 for a gain of 57 pips.
Today (Monday 17th) still looking quite difficult with several pairs appearing to be going sideways so a day to be careful and be happy with modest gains.
The GBP/USD had a small attempt early in the day but that then failed and did not offer any other opportunities for that pair. Again the best performing pair for the day was the USD/JPY (Short) which was opened at 9514 and closed approximately 3 hours later at 9457 for a gain of 57 pips.
Today (Monday 17th) still looking quite difficult with several pairs appearing to be going sideways so a day to be careful and be happy with modest gains.
Friday 14 August 2009
Thursday 13th August
As predicted a bit of an uncertain day today with only a couple of pairs trading, so the result for the day was down on the previous two days at 97 pips (still a good result though).
The GBP/USD didn't trade and it was both the JPY pairs that did the business for us.
Today (Friday 14th) again looks a difficult day with some pairs appearing to be in a sideways move and they could break out either way so be careful,
The GBP/USD didn't trade and it was both the JPY pairs that did the business for us.
Today (Friday 14th) again looks a difficult day with some pairs appearing to be in a sideways move and they could break out either way so be careful,
Thursday 13 August 2009
Wednesday 12th August
Great day of trading for us as all our pairs traded for profit, total pips for the day a pleasing 283 pips.
The GBP/USD was Entered at 16421 and Exited at 16447 for a profit of just 26 pips. The other pairs all did better than this although the EUR/JPY was again the shining star making 126 pips profit.
Today (Thursday 13th) looks a little confusing and after some profit taking may continue in the general direction for the week.
The GBP/USD was Entered at 16421 and Exited at 16447 for a profit of just 26 pips. The other pairs all did better than this although the EUR/JPY was again the shining star making 126 pips profit.
Today (Thursday 13th) looks a little confusing and after some profit taking may continue in the general direction for the week.
Wednesday 12 August 2009
Tuesday 11th August
Tuesday 11th turned out to be a good trading day despite the unexpected US Dollar strength which was a surprise in view of the pending Fed Reserve statement.
The GBP/USD Short didn't really perform and only produced 12 pips profit. However there were two other very good trades. USD/CAD Entered 10898 and Exited 10956 for 158 pips or if left to run and exited at 11040 for 242 pips. Also EUR/JPY Entered 13715 and Exited 13610 for 105 pips or if left to run with Exit at 13565 for 150 pips.
Hopefully today (Wednesday 12th) will prove our predictions right again.
The GBP/USD Short didn't really perform and only produced 12 pips profit. However there were two other very good trades. USD/CAD Entered 10898 and Exited 10956 for 158 pips or if left to run and exited at 11040 for 242 pips. Also EUR/JPY Entered 13715 and Exited 13610 for 105 pips or if left to run with Exit at 13565 for 150 pips.
Hopefully today (Wednesday 12th) will prove our predictions right again.
Tuesday 11 August 2009
Monday 10th August
Monday 10th proved to be a difficult day as the Dollar remained strong against most currencies except the Yen.
Our predicted Long for the GBP/USD failed to develope and as a result there was no trade again to day.
Some of the other pairs started to go in the right direction for our predictions but not until later in the day and then not very conclusively so therefore we had a modest profit day with only 37 pips gain.
Market rather undecided today (Tuesday 11th) many traders appear to be waiting for announcement from Fed Bank due in a couple of days.
Our predicted Long for the GBP/USD failed to develope and as a result there was no trade again to day.
Some of the other pairs started to go in the right direction for our predictions but not until later in the day and then not very conclusively so therefore we had a modest profit day with only 37 pips gain.
Market rather undecided today (Tuesday 11th) many traders appear to be waiting for announcement from Fed Bank due in a couple of days.
Monday 10 August 2009
Friday 7th August
Friday 7th was Another strong rally day for the US Dollar mainly on the back of better than expected Non-Farm Payroll figures. This was abit of a surprise and as a result it was a strange trading day.
Our predicted Long trade for the GBP/USD failed to materialise so there was no trade on that one.
Only a couple of other small trades happened because of the Dollar strength so our overall gain for the day was only 43 pips from just two trades.
Today (Monday 10th) looks to be a difficult one trying to judge how the US Dollar will fair after last weeks rallying. Still not much good news coming out of America so a time to be careful until the dust settles!
Our predicted Long trade for the GBP/USD failed to materialise so there was no trade on that one.
Only a couple of other small trades happened because of the Dollar strength so our overall gain for the day was only 43 pips from just two trades.
Today (Monday 10th) looks to be a difficult one trying to judge how the US Dollar will fair after last weeks rallying. Still not much good news coming out of America so a time to be careful until the dust settles!
Friday 7 August 2009
Thursday 6th August
Thursday 6th August the US Dollar started to regain lost ground against most currencies.
With the strength of the Dollar our predicted Short trade for the GBP (entry 16990 and exit 169400 worked really well and our actual entry of 16983 and exit of 16841 (we allowed it to run past out target exit as it was going so strong) produced a lovely 142 pips.
Total pips for the day where still good at 218 althought only two trades were possible.
With the strength of the Dollar our predicted Short trade for the GBP (entry 16990 and exit 169400 worked really well and our actual entry of 16983 and exit of 16841 (we allowed it to run past out target exit as it was going so strong) produced a lovely 142 pips.
Total pips for the day where still good at 218 althought only two trades were possible.
Thursday 6 August 2009
Wednesday 5th August
Wednesday 5th August most of the currencies rallied against the dollar although the Yen was less solid.
Our system predicted a Long trade for the GBP/USD with Entry at around 16915 and Exit at 16965. The actual trade entered at 16923 with our exit at 16996 (after leaving it to run past our predicted exit) for a profit of 73 pips.
Total pips for the day across six pairs was 247 pips.
Our system predicted a Long trade for the GBP/USD with Entry at around 16915 and Exit at 16965. The actual trade entered at 16923 with our exit at 16996 (after leaving it to run past our predicted exit) for a profit of 73 pips.
Total pips for the day across six pairs was 247 pips.
Wednesday 5 August 2009
Tuesday 4th August
Tuesday 4th with the Dollar still very weak the pound continued to move up and gave us the opportunity for further profit.
With the GBP/USD pair we predicted an entry point of 16900 with a target exit point of 16970. Having got in at 16920 with an exit of 16987 we made a nice 67 pips.
With the Dollar weak against most currencies there were lots of trading opportunities and overall for the day we made 216 pips.
With the GBP/USD pair we predicted an entry point of 16900 with a target exit point of 16970. Having got in at 16920 with an exit of 16987 we made a nice 67 pips.
With the Dollar weak against most currencies there were lots of trading opportunities and overall for the day we made 216 pips.
Tuesday 4 August 2009
Monday 3rd August
Monday 4th. Unlike most Mondays this was an exceptional trading day. Total pips gained over 400 across five pairs.
The GBP/USD made a modest 63 pips with Entry at 16768 and exit at 16831. The EUR/JPY were the stars with Entry at 13525 and Exit at 13705 for a gain of 180 pips.
Lets hope the success continues today.....
The GBP/USD made a modest 63 pips with Entry at 16768 and exit at 16831. The EUR/JPY were the stars with Entry at 13525 and Exit at 13705 for a gain of 180 pips.
Lets hope the success continues today.....
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