Archive for February, 2008

« Previous Entries

Cable, GBP/USD Presented Several Trading Opportunities Today

Wednesday, February 27th, 2008

Cable, otherwise traded as the GBP/USD provided great volatility today. The upward burst we had experienced yesterday continued in the early morning trades until a resersal signaled just before 0900hrs (GMT).
Since then the market have moved like a yo-yo. It had vaccilated between 1.9807/1.9974 which is great for us traders but something an investor might frown upon.
The […]

GBP/JPY Slides 160pips On UK GDP Reports

Wednesday, February 27th, 2008

Pound-yen, GBP/JPY came down 160 pips on news of the UK Gross Domestic Product (GDP) report. The report came in at 0.6% this morning.
That was even on previous quarter but Index of services fell shot of 0.7% forecast by 0.1% . By norm, this was not enough to create this volatility except the nature of the season.
The cross broke through […]

Oil Prices Closed Above $100 on Speculation

Wednesday, February 20th, 2008

Oil closed yesterday at new record height of $100.10 - a level that had never been seen before. Goldman Sachs have speculated about this for more than two years. In a BBC report then, they said that “.. the oil market…  early stages of a ’super spike’, which could push prices as high as $105 a barrel…” […]

Forex Trading: GBP-JPY Today

Friday, February 15th, 2008

GBP/JPY at critical point 212.00/50 where upward extention towards 219/220 or breakdown towards 209.75/210 could occur.  Like most things in life the certainty cannot be guaranteed and this is why forex trading thrives on the of the risk/reward uncertainty presents. 
At this critical point the opposite is also true. There’s room for a possible breakdown on this support […]

GBP-JPY Swing: How I Gained 461 Pips In Four Days

Thursday, February 14th, 2008

It’s been a very nice four days of trading GBP-JPY in the forex market this week. I took a very position very tentatively early hours of Monday morning.

Something very unusual happened. I placed a stop-loss without activating the limit order. I checked it Tuesday evening but still could not spot the mistake until Wednesday evening.
I placed […]

« Previous Entries