Archive for 'gbp/usd'

Free Forex Analysis for 6th April 2010

Tuesday, April 6th, 2010 at 8:45 am  

Hi, I am back, cough almost gone. Thanks to all the well-wishers/thanks for all the remedies, ancient & modern. Also thanks to Dean for filling in for me at short notice. Simple solution was I just needed a rest and some sun. We live 500 metres from the beach & have an almost perfect climate…

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Forex Trade Tip of The Week.

Sunday, July 19th, 2009 at 1:12 pm  

Caution is still the best advice I can give if you intend to trade in this summer lull period. Very few of the forex pairs are trending and those that are, are simply moving sideways in tight ranges. I explained in yesterdays update “Forex trade examples” how you can use break outs from these trends…

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LMT Forex: Trick for Extra Profit on Trades

Tuesday, July 14th, 2009 at 11:32 am  

LMT Forex Formula Update & Trick to Make Extra Profit on  Low Risk Trades (this works on non LMT trades as well). One of you sent me a link last week to a site where the site owners post videos of  LMT forex formula (Low Maintenance Forex trading) trades that they are making and they…

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Potential 400+ Forex pips gbp Monday

Sunday, June 28th, 2009 at 4:47 pm  

The gbp/$ could present us with some very good trades on Monday, both with and without the LMT. Take a look at the 4 hour forex chart below. Notice how price has been trapped within a 400 pip range for the last few weeks. 400 pips @ $10 a pip will give you $4000 !…

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Safe to go Back into the forex Markets Yet ?

Thursday, June 18th, 2009 at 2:16 pm  

Hi, This is an update to the post earlier in the week advising my LMT Forex Followers not to trade until the current market turmoil settles down. My advice, nay insistance ! is continue to stay away. As you can clearly see in todays 4 hour Forex Chart of the aud ( I could have used…

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Risk Reward in Forex

Saturday, May 16th, 2009 at 3:47 pm  

The secret to becoming a successful forex trader is the ability to maximise your gains and minimise your losses. This is easier said than done ! In my 1st month trading forex I won 65% of the trades and yet I somehow managed to lose money ! Obviously my losses were bigger than my wins,…

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5th May results + 48 pips

Tuesday, May 5th, 2009 at 7:10 pm  

Lots of smaller trades today, without much success on follow throughs. I was trying to get back in the good books with my wife, so had to go out and only traded a few hours in the morning, London session. The following is a euro/$ trade, bounce off a 200ema. The chf bounced down off…

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4th May Results + 220 pips

Tuesday, May 5th, 2009 at 2:33 pm  

I was in big trouble with my wife yesterday. I said I wasn’t going to trade as it was a bank holiday.* All the family came back from the beach for lunch & I sneaked into my office for a peek at the charts “just in case;”- it was so obvious  I had to take…

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4th May. Gbp possible break up

Sunday, May 3rd, 2009 at 6:32 pm  

As I explained in great detail my ” April 2009 Results”… post. The gbp is returning to the same upper 4 hour trend line again. This may not happen tomorrow (monday) with it being an international holiday BUT this is an extremely important area again. Price is above all the emas on the longer time-frame…

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April 2009 Results + ?? Pips

Sunday, May 3rd, 2009 at 5:40 pm  

Well i didn’t make it to 2000 pips, but still my best month ever trading forex. If you had traded $10 a pip following my strategies you would have earned $18.000+ in a month !! The pleasing thing for me was twofold. 1) The profit was made using low risk, repeatable trades. 2) That I…

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29th April Results + 213 pips

Thursday, April 30th, 2009 at 8:44 am  

Great start to the day. My euro/$ trade which I opened yesterday, as explained in my results, closed for a 145 pip profit. I have then taken 20 pips off a gbp and +20 on a euro long, break of the asian overnight high. And a further 28 pips off the 2nd euro lot. Still…

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28th April Results -36 pips

Wednesday, April 29th, 2009 at 8:49 am  

You know when you are tired when you can’t count your pips properly. In this mornings email I said that the pip haul for the month was 1200+. When I sat down to do my monthly figures this afternoon, i realised i had made a slight mistake. My monthly total for April 2009 up to…

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