Not wanting sound like a broken record but “Hell... this current FX market is just bloody awful to trade within”. When I made the decision last year to switch to full-time POSITION style trading, I knew that there would be times when accumulating my trading positions, I could have the odd trade under-water pending my trade gaining traction. I did NOT however, allow for this type of market when I allowed my trades to float and then stop and stay stuck or grind slowly against me. Despite … [Continue reading]
CAN A TRUMP IMPLOSION BE AVOIDED?
Every time I sit down in front of my computer screen and start to type about a subject that is front and centre in the news, I wonder will I be scrapping what I have just written because news events have overtaken my thought process whilst typing! I know when you have your own blog you have license to voice your opinions on a whole host of subjects, literally get on the SOAPBOX and off you go. I know at times my language can be colourful and I know that I am harsh and often critical on my pet … [Continue reading]
FX TRADING = GROUNDHOG DAY
Groundhog Day was one of my favourite movies starring Bill Murray back in the early 1990’s. I feel that with this week’s blog, it’s Groundhog day once again, in fact since after the flurry of activity last August, I feel that at every weekend since the initial move higher in the cable that I have been mirroring the Bill Murray character in the movie. It’s really hard to come up with a subject in this section of the blog to really get my teeth into. We have sleeping equity markets that are … [Continue reading]
FX TRADING – ARE WE IN THE NEW NORMAL?
In real terms, with one or two minor exceptions, the FX market has been very docile, flat, boring and lacking in consistent volatility over recent times. In fact, I believe I wrote several weeks ago about “THE NEW NORMAL” with regards to FX trading, … [Continue reading]
THE WEEKLY FX PREMIUM – OCTOBER 2019 PERFORMANCE
My last three months performance has been something like a helter-skelter fun park ride. A record month (my best ever) in August, a huge pullback in September and then last month was my second best in 2019 with +3,075 net profitable pips … [Continue reading]
UK POLITICIANS KEEP THEIR GRAVY TRAIN ROLLIN’
The “Circus” that is also called the UK House of Commons continues to offer a show that you just could not make up. I often watch futuristic blockbuster movies saying to my wife that the creativity and imagination of the writers at times beggar’s … [Continue reading]
THE POLITICAL CIRCUS IN THE UK MOVES ON AGAIN
Well, there I was up at 4AM this morning, coffee ready, dogs out and back ready to watch “Super Saturday” in the UK House of Commons, bringing part one of the BREXIT deal to a conclusion, one way or another with an exit based on a deal with the … [Continue reading]
GEOPOLITICS CONTINUES TO CALL THE SHOTS
The past week reminded me why I love trading Forex. The geopolitical news events may be dominating price moves at the moment, or to put it another way FUNDAMENTALS trump TECHNICALS (pun intended). Whilst this is the style of market I prefer to … [Continue reading]
THE WEEKLY FX PREMIUM SEPTEMBER 2019 PERFORMANCE
Comparing September with August from my trading performance perspective is at first glance like comparing Apples with Oranges or even Kirk versus Picard. The headlines show just +350 pips added in the month, compared with +3,360 pips in the … [Continue reading]
DEMOCRATS WON’T BRING TRUMP DOWN… HE’S MORE THAN CAPABLE ON HIS OWN!
This month has certainly been a roller coaster from my own trading perspective. After a great start I gave it all and more away, re-focused, picked myself up and got back in the saddle again, reclaimed a positive outlook and then mediocrity into the … [Continue reading]
FIVE CENTRAL BANKS REPORT… VERY LITTLE LEARNT
As data goes, last week was a really huge week for top tier data with five Central Banks reporting. I expected to learn a huge amount to set me up for the coming weeks and months based on policies. However, given the “high beta” news releases that … [Continue reading]
WHERE DID ALL THE “DOOM & GLOOM” GO?
It has often been said that from time to time when things are going really well, in Forex, usually when everything you trade does as you expect and that nothing goes wrong and you become overconfident, a reality check is required. I know from trading … [Continue reading]
THE GBP FUTURE IS STILL UNCERTAIN (GAMES ARE BEING PLAYED)
Whilst I enjoyed my summer break, and I did get away for a week to Seattle, it was not as long a break as I thought it would be. The main reason for my shortened break was DONALD TRUMP. He kept the volatility high with all the talk over the CHINA / … [Continue reading]
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