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GBPUSD – RIght trade and 10 pips off an Entry

GBPUSD - RIght trade and 10 pips off an Entry

My order at the end of last week missed it's entry by a mere 10 pips which is rather annoying. I was correct about there being strong support  at the 15480 level except that the buyers came in earlier at 15490 and pushed prices up to 15660 which is +170 pips! It would have been a very nice start back into trading if it had trigger but it's given me confidence that my analysis is still good and I can still see good trades. If I had an entry, I would have moved my stop to breakeven and see

August 5, 2012 No Comments Full Story

My overnight order for the GBPUSD pair tonight

My overnight order for the GBPUSD pair tonight

The markets have really taken a bashing yesterday.. lots of volatility and not easy to play..  you could have easily been caught out on the sharp reversals which were seen this morning. Anyway, a forex pair which looks interesting is the GBPUSD or cable forex pair. The price action has fallen from the previous area of resistance and looks to be close to support. I've got an order to buy at 15480 with a stop at 15435 (45 pips maximum loss) and a target at 15680 (200 points profit). Let's s

August 2, 2012 No Comments Full Story

Back to Trading the Financial Markets

It seems as though it's been a long time since I last trade and indeed it has... I've been extremely busy with moving homes and running various projects. The great thing about the markets is that they are not going anywhere... they are always here and I can always trade. However, a bit like exercise.. if you don't keep it up, you get unfit! However, if you have put in  a lot of time into trading, the rot isn't so bad so you should be able to get back into it. As an experiment, I'm rather int

July 31, 2012 No Comments Full Story

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