Long position taken off a Bullish Bat generated by the new addtion to our harmonic alerts software. Had a bit of drawdown on this but then trade took off nicely, took out the 50% retracement and then stalled out at 61.8 . Where we closed on a reversal after previously taking 1/2 profits and moving […]
The eurusd has been stuck in am 80 odd pip range last few days . I dont think anyone really wants to go long on this pair right now so we should be looking to short it on a break under 1.22 If we do move to the upside then look to short on a […]
Tommorow ( Thursday ) is the UK bank of England interest announcement . This as normal is widely expected to be kept at 0.5 % . They will also offer a statement which normally moves the markets one way or the other , if they hint at more QE then expect some moves to the […]
System alerted us to bullish butterfly patterns on 4 timeframes today. A look at the chart showed us at support and also 50% retracement of the previous larger move up. We also had some divergence which the website alerted us to so trade was taken long . We took 1/2 profits at + 20 odd […]
Pretty frustrating one this . Price went up to + 19 pips , 1 pip short of our 20 pip 1st close point and then dropped down to our stop loss. Summer is as usual proving a difficult trading period.
Our NZDUSD trade closed today + 40 pips. This was a trade taken using our trend following system. Up to date Statement for this method is below and our myfxbook page is here . Alpari (UK) Ltd. Account: 3784467 Name: ForexSS Currency: USD 2012 June 13, 23:57 Closed Transactions: Ticket Open Time Type Size Item […]
Our EURUSD andUSDCHF trades each closed out at our stop loss. These trades were taken using our trend following method, Which so far had been good . The trick with trading that some traders fail to grasp is that we must stick to a working plan and take stopped trades in our stride . Trend […]
Set a pending order on USDJPY on Friday afternoon. Trade triggered 2 mins before market close. Reason for trade was we had the obvious 78 level but I also heard rumors of intervention around the corner. On market open on sunday we closed 1/2 of our trade + ~ 20 pips and moved our stop […]
Just added CAC to our harmonic and divergence alerts. For indices we now monitor DAX DJIA FTSE100 SP500 and CAC. Screenshots below
Here is the EURUSD daily chart. Now what is totally obvious is that it’s in a prolonged downtrend. There is no doubt what is causing this , it is the fundemental effect of all the euro bad news firstly with Greece and now Spain and the fact that the situation is far more complicated than […]