Short position taken using our breakout / trend following method . Price dropped nicely though into out take profit zone and we closed out for + 31 pips for the whole trade. A nice quick one to end the day.
Short position taken at 100.85 off a bearish gartley on 1 hr timeframe with our stop up at 101.35 . The 101 level did not resist unfortunately and some euro strength took us out .
Long position taken off a bullish shark harmonic pattern. Close proximity to 200 DMA and a wolfe wave pattern We took 1/2 off the table + 28 pips and then let it run . Later in the evening moved stop loss up to 1.2880 and set TP to 1.30 looking for a run up. Market […]
Closed out half our our carry trades on eurchf this morning. +324 pips total Rumors that SNB may have raised the floor but unless they come out and say it then its just a rumor. What they did say was ” SNB says FX reserves rise linked to the EUR/CHF floor defense ” Anyway holding […]
Here we can see the volumes for the EURUSD currency pair from August 2011 to August 2012 You can clearly see the holiday / low volume periods marked by the yellow areas. These are the times that you do not want to be trading as the lower volumes means that the markets are lacking in […]
We have a Bearish Bat developing on the GBPUSD 4 hour timeframe Has a bit to do yet to get to its predicted D point , but if it does it could be a good one to take back down to around the 1.57 area. One to watch for the longer term. If price breaks […]
Pattern that was emerging on AUDUSD had now failed , as price dropped below C point and now A point .
Found an emerging bearish bat on the AUDUSD. (note this pattern is now invalid see post after this one) Video also shows how to contruct a harmonic pattern.
Medium term analysis here but one to watch if the price works to this pattern. So here is the 4 hour chart right now we can see price possibly turning at the 61.8 retracement. If the price action here continues up then the pattern can be seen to be forming . C point of the […]
In addition to running a daily trade room starting around 7AM uk time and our own trading signals the members area of our website also contains 4 essential modules. Lets take a look : The first module monitors for candlestick patterns this monitors 60 charts: You can make choices here for what you want to […]