Th., Mar. 13

The two trades that I placed at night went sour: Later on I moved the stop for GBPUSD to 1.6631, so the total loss for these 2 trades was -258 pips

Mo., Mar. 10

It was a slow day today. I placed a sell order this morning for EURUSD but the pair did not go anywhere today. I believe that this sell order is still valid:

Fr., Mar. 7 end of day results: +96 pips

Today was another confirmation that technical analysis does work. The USD went up on the news and created some profits for  those who were prepared to capitalize on the move. The results of trades today were as follows: GBPUSD: although the trade was correct, the wiggling of the price made me uneasy and I closed … [Read more…]

Fr., Mar. 7

Big news are coming out at 8:30 today and it looks like the market is expecting the news to be bad for the US dollar. On the other hand there are divergences in many major pairs and at least a temporary reverse in the price direction is due. But the problem is that it’s impossible … [Read more…]