I have to start this week’s blog by saying what a strange week last week was. As I had mentioned last time, I was going to be more selective and patient when selecting trades. I also added the following section into the blog on FUNDAMENTALS. “From an FX perspective there are some FUNDAMENTALS hovering around that will NOT be ignored by the market makers: - HUAWEI – TRUMP due mostly to decreasing popularity over his handling of the Covid-19 pandemic has switched focus to bring back a … [Continue reading]
POCKETS ARE DEEP AND THERE ARE NO BOTTOMS…
My Business continues to move forward albeit at a quieter pace than of late. I continue to add pips and $$$ but we are really just, apart from the Antipodean related currency pairs just consolidating recent moves. There are plenty of lights flashing each day, but we are just range bound. At some point this fact will change but for now it’s all rather uncertain. At the start of last week, we saw the gap between Wall Street and Main Street broaden wider than ever. The divergence between Wall … [Continue reading]
STOCKS RIP, NASDAQ AT NEW HIGHS, IT ALL SOUNDS SO PEACHY
Back in the chair, in front of a bank of screens and keyboards and properly motivated for the next stint of trading through to the Summer break on July 17th, 2020. What’s occurring? The big news would appear to be that apparently economic data doesn’t matter anymore. All of the recent economic data that we have seen is simply for the record books, a historical point of reference. The markets have decided that because politicians are relaxing isolation and social distancing regulations and … [Continue reading]
THE WEEKLY FX PREMIUM: THE REVIEW OF THE APRIL 2020 PERFORMANCE
After the phenomenal pips of +6,166 last month, this month it was a return to the abundance that I am used to +1,872 pips. Nevertheless no POVERTY MINDSET on pips here! After just 4 months of the year complete and in additional an upward revision … [Continue reading]
V SHAPED RECOVERY… DOUBTFUL
I am happy to be back after a two-week break over the Easter holiday. What’s new? If ever there was a loaded question that was it. Before looking at the economic story, you will notice some subtle changes to the blog, as always, I enjoy the … [Continue reading]
THE WEEKLY FX PREMIUM – MARCH 2020 REVIEW OF PERFORMANCE
I will start as I started last month’s report on my February 2020 performance... well that was some month. As far as records go for my subscription service, last month was my best single months performance ever. There are so many positives, but, … [Continue reading]
RECESSION… DEPRESSION… RESISTANCE IS FUTILE
Another choppy, volatile, some might even say knicker gripping week in FX. I just hope that “newbie” traders heeded the warnings and traded smaller. One thing for sure is that if you can survive these markets you will survive most aspects of FX … [Continue reading]
“TURN 3 into 6” – SPRING PROMOTION
LIMITED TIME PROMOTION: “TURN 3 into 6” From March 1st, following requests from existing WEEKLY FX PREMIUM subscribers, I will be adding back into my list of Trade Styles, Momentum and Fundamental trades. This now means that I will be offering … [Continue reading]
GET THEM PRINTING PRESSES READY…
The world is now officially closed. We are stocked up and good to go for 16 weeks, which I think is about it from lock yourself up in splendid isolation. Mid-July as I see it is when we can mix again and return to what will no doubt be the new … [Continue reading]
COVID-19 WAS THE CATALYST… NOT THE CAUSE
I am for once not 100% sure on what I can write about this week that stands out from what will no doubt be equivalent to about a ton in weight in Financial Reports and in-depth analysis following what can only be described as a bloodbath on a roller … [Continue reading]
MARCH MADNESS… MARKETS ARE SURREAL
Timing in trading FX is important. Your trade exits and entries need to be timed as best you can to maximise profits or minimize losses. A couple of weeks ago, I had to diary “a visit to the dentist for a root canal treatment” and decided last week … [Continue reading]
THE WEEKLY FX PREMIUM FEBRUARY 2020 – REVIEW OF PERFORMANCE
That was some month. If you are into bloodbaths with vampires happy days; you are welcome. I have not seen anyone write that the Coronavirus (Covid-19) was a BLACK SWAN event yet, but with U.S, equities now in full-on correction mode, and given … [Continue reading]
DON’T BE SILLY… BE SAVVY
Lots of “BIG NEWS” last week, so many Forex headlines that deserve comments. Let me take an overview of what resonated with me. There are probably more items other traders would list, but my blog.... my list: - USD/JPY Inter-market … [Continue reading]