Last week was not a week that I particularly enjoyed. I was caught the wrong way with two trading positions, GBP/USD long and USD/CAD short. I had multiple small positions across the two trades and whilst my loss in $$$ was not huge my loss in pips was circa. 1,000 pips. I made the novice […]
CARNEY CRUSHES THE CABLE and USD SPRINGS BACK TO LIFE
On Thursday morning last week, I started to think about possible topics for this week’s blog. I had written several tweets and made a few statements during SKYPE meetings that FX was getting really boring. The markets were being held captive by the EUR/USD not being able to break free of its range (1.2085 to […]
A DAY LATE and A DOLLAR SHORT
THE FIRST SHOT: 1.1. INTRODUCTION: This will sound a little crazy but over the past couple of weeks I have had worries about what to write about. I feel that the FX market is being dominated by TRUMP. Last week I even eluded to my early morning daily routine being altered because like most […]
CHINA / U.S. TRADE: THE HEAT IS ON
THE FIRST SHOT: 1.1. INTRODUCTION: Over the past two or three weeks my daily routine has altered slightly, in the sense that I am now waiting on a TRUMP tweet for direction rather than placing as much emphasis on my LEAD INDICATORS as I used to do. I have written quite a bit of […]
FX IS WAITING ON A CATALYST
THE FIRST SHOT – “THE SOAPBOX”: Equity traders were certainly on Prozac last week as the indices around the world leaped up like salmon out of a B.C. river then plummeted like a lead balloon only to come back and then reverse again. The intraday moves gave traders a wild ride in the office […]
GEOPOLITICAL v ECONOMIC NEWS… WHICH ONE DRIVES THE MARKETS NOW?
THE FIRST SHOT – “THE SOAPBOX”: Of the 52 weeks in a year that was one of them! A DOVISH hike from the FED. The TRUMP narrative goes global with TRADE WARS. The WH revolving door whooshes again: – HR McMaster, White House National Security Advisor and John Dowd TRUMPs lead Lawyer in the […]
USD STRENGTH BACK IN VOGUE AHEAD OF FOMC
THE FIRST SHOT – “THE SOAPBOX”: Over the past 3 –4 months, I have been playing with the structure of this blog trying to achieve a balance between what is “FREE FOR ALL” versus what stays behind “CLOSED DOORS” for my PREMIUM SERVICE subscribers. I think that after input from a variety of sources […]
IS TRUMP THE 2018 VERSION OF ELLIOT CARVER?
THE FIRST SHOT: As mentioned in the last “DRIVE THRU”, I did not participate much at all in last week’s trading. I know to a lot of traders, my decision not to trade much, appeared strange and weird, considering that with so much economic data on the agenda the opportunity for volatility and the […]
THE PREMIUM SERVICE – FEBRUARY PERFORMANCE
With February now completed and my trading performance compiled, there are a couple of key points and observations that I want to make to my wider audience beyond my existing PREMIUM SERVICE subscribers. STATISTICS: FEBRUARY: NUMBER OF COMPLETED TRADES: 69 FLASH TRADES = 14 RADAR TRADES = 3 MOMENTUM TRADES = 17 FUNDAMENTAL TRADES […]
CALM BEFORE THE STORM?
THE FIRST SHOT: Another week has just flown by once again. I am banking $$$ and pips as I go along although my brokers containing my POSITION TRADES are just mainly a sea of red. Every now and then I bank pips, in fact, this month I have +1,115 pips from POSITION trades alone […]
I THINK OIL IS ABOUT TO HEAD MUCH LOWER ONCE AGAIN
THE FIRST SHOT: Just like last week, there are many options on subjects to write about. We are trading in strange times. One-night last week I went back through PDF files that I have stored under the EDUCATION (Trading Essentials) TAB that is inside the PREMIUM SERVICE subscriber section of my website. There are […]
ARE CENTRAL BANKS BEHIND THE CURVE?
THE FIRST SHOT: Where do I start with this week’s blog? Do I get a few of my usual expletive’s out of the way first? Holy Mother of God What the feck was that? Well, glaze my nipples and call me Rita! Jesus, Mary and Joseph It’s like putting lipstick on a pig… but […]
ONE WAY MARKETS and LOW LIQUIDITY
THE FIRST SHOT: For most of January, I was very critical of the price action in the sense that it was not providing two-way action allowing for pullbacks, for traders to try to get value entries. It was a little surprising to a lot of people that given the criticism that was leveled at […]