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.
Monday 31 August 2009
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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