The last time I wrote about USDJPY I pointed out that the price was in a sideways consolidation and we would need a break of that before knowing how to trade it. Well, the break happened yesterday and I’m now … Continue reading
We’ve been waiting for GBPUSD to do something interesting for a while now, and today it has finally delivered. Well, in part, anyway. With disappointing news out today for Claimant Count Change (-12.5k as opposed to -5.3k expected) the pound dropped 75 pips in few … Continue reading
Tonight is one of those nights when you look at the market and see opportunity after opportunity! I don’t have time to take screen shots of them all, but here’s a heads up of what I’m looking at: USDCHF: Could … Continue reading
The first few weeks of the year have favoured break-out traders over bounce traders which you’ll certainly have noticed if you followed my last post which predicted the top of both FTSE and USDJPY…. we’re still waiting for those tops, … Continue reading
Awful title, I know, but looking at the USDJPY charts I can’t get that song out of my head! I said in my last post that I thought the top may be in on the soar-away Yen and the evidence for a … Continue reading
Playing FTSE on the Ceiling The festive period often brings a surge of bullishness into the equity markets and you can either jump on board these moves or bet against them. One rally I definitely won’t be taking long right … Continue reading
The trade I posted earlier has now hit target for a 2.1% gain (risking 1%), but not before retracing and testing the daily pivot line twice which then effectively became a double top, reinforcing the short bias. The decisiveness of … Continue reading
Looking at the charts last night, the EURUSD daily chart caught my eye because it has posted three descending tops, the first in September, the second in October and one last night. A nice pattern that led me to suspect … Continue reading
The NZDUSD trade I posted earlier this week didn’t go quite as well as I’d hoped, returning either 0.7% or break even depending on where you got out. Here’s how the trade unfolded: We got the entry as expected with … Continue reading
NZDUSD has thrown up a trade possibility in what has otherwise been a pretty choppy and directionless market. It’s much like the previous trade idea at the beginning of November in that there’s a trendline flip on the Daily chart … Continue reading