Trading Forex
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Sunday, September 16th, 2007It been a little while since my last post on this space. Just caught up with a few other things that’s all. Nothing serious to worry about. I must say, I feel very honored and privileged to be appreciated by you all. There’ve been quite a significant number of you wanting to hear from me asking if all was well sending personal emails etc. I am very grateful. Sometimes you don’t know the effect of what you do until you stop doing it.
GBP/JPY Vaccillates Within Daily Range - See charts
Tuesday, January 16th, 2007GBP/JPY and Cable are trading within daily range amid fears of possible inflationary interest rates hike. The higher than expected CPI reports have not sparked off trades.
Euro and Sterling Took Flight On Rate Hike
Thursday, August 3rd, 2006The EUR/USD and Cable (GBP/USD) headed north today, Thursday on interest rate hike that took many by surprise after the European Central Bank and Bank of England both raised interest rates by 0.25 percentage. This was a move to tighten up control on inflation. The Bank of England surprised the markets with a quarter-point rate hike, taking interest rates to 4.75 percent to slowdown accelerated growth. The Euro zone to 3.0 percent also.
The Dollar Gains Reprieve - My Trade Clocked +245pips Today..
Wednesday, May 24th, 2006The GBP/USD traded sharply up this morning to retest 1.8860 from the low of the Frankfurt open @ 1.8727 only to head southward again. None of the better than expected CBI report mattered today. The latest weakness in the UK equity market also contributed to the ’southbound train’ movement.
This Morning’s Long Suffering Trade - GBP/USD
Tuesday, May 23rd, 2006It’s one of those mornings. I am finally out of the long suffering trade - a position I took this morning on the cable. I was hoping that there would a 1.8800 violation today. Though it did touch up on it there wasn’t enough momentum to push through. I was glad to be away from the screen when it did and that meant I never get to pull the trigger as indivated in my earlier post.
Choppy GBPUSD This Morning
Tuesday, May 23rd, 2006Cable has been vaccilating between the 50 and 61.8% range (8835~8870 respectively) of May 17th Hi @1.9025 and yesteday’s Lo of 1.8632 . It has been fairly difficult picking a decent position though. In the last hour or two there seem to be a directional bias southward breaking the EMA9 on the chart.
Let The Merry Trade Begin
Sunday, April 30th, 2006Last Week I left some comments on the Euro trend. But prior to that I had taken a up a very low risk trading position with only $10 per pip trade on the long term @ 1.2182 since April 17, 2006. At the moment, I am still on which if I have closed last Friday @ 1.2633, it would given me 451 pips from entry.
Forex Trading: High Volatility Huge Profits Last Week
Sunday, January 29th, 2006In recent weeks, we have seen the Iranian nuclear issue, prize weaknesses in the US economic growth and various geopolitical issues. Good traders relish this opportunity because it means one could jump into and out of the market at will collecting pips.
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