One of my long time colleagues and a mentor recently shared something very personal. He had invested in a property in London paying a staggering £650,000 for the one-bedroom flat. A similar sized property in Bristol (where I live) would be around £150,000. Why such a huge difference? Almost everyone would answer that with ‘it’s […]
Hello Traders, I have shared a trading strategy using RSI trend lines – watch it on You Tube – https://www.youtube.com/watch?v=GUh6pLA8bGs. You may use key words ‘Knowledge Candles Forex’ in your search box. If you would like to discuss this or other ideas you are welcome to contact us by leaving a comment or writing to [email protected] If you trade […]
Hello Traders, Our Trade suggested this morning got triggered and the first target has been hit. Market Direction Entry S/L Move to B/E @ Target 1 Target 2 GBP-USD Long 1.5440 1.5415(25 pips) 1.5460(20 pips) 1.5490(50 pips) 1.5590(150 pips) We will hold the remaining for the second target as per recommendation. Happy trading!
Hello Traders, Here is a trade idea for trading the Cable (GBP-USD) today: Market Direction Entry S/L Move to B/E @ Target 1 Target 2 GBP-USD Long 1.5440 1.5415(25 pips) 1.5460(20 pips) 1.5490(50 pips) 1.5590(150 pips) Here is the chart snapshot taken at 10:40 UK time. If you would like to discuss this or […]
Hello Traders, Here is a trade idea for trading the Aussie today: Market Direction Entry S/L Move to B/E @ Target 1 Target 2 AUS-USD Long 0.8950 0.8925(25 pips) 0.8970(20 pips) 0.90(50 pips) 0.9080(130 pips) Here is the chart snapshot taken at 10:20 UK time. If you would like to discuss this or other ideas […]
Hello Traders, We are back with our daily trade ideas after a break of nearly 4weeks. I have three ideas today two of which are rather cautious as the current price action is still quite far away. Here are today’s ideas: Market Direction Entry S/L Move to B/E @ Target 1 Target 2 AUS-USD Long […]
Hello Traders, Following the major moves against the dollar a couple of days back I had said that there may be a likely consolidation before further leg down for dollar. Well, one such consolidation is currently forming on USD-JPY and I am looking to trade if there is break in the direction of the earlier move i.e. […]
Hello Traders, From yesterday’s recommendations one order got triggered – Long GBP-USD @1.5030. The price action did allow us to move our stop loss to entry, but continued the fall triggered by comments from BoE yesterday. Market Direction Entry S/L Move to B/E @ Target 1 Target 2 Result EUR-USD Long 1.2850 1.2820 (30 pips) […]
Hello Traders, We did not have any fill last Friday and there were no recommendations on 1st and 2nd July. The call on EUR-USD to buy at 1.2940 given on Friday did work out eventually though and is currently trading 60+ pips at the time writing this. Another one to Buy GBP-USD at 1.5126 almost […]
Hello Traders, Of the trade recommendations we provided yesterday, we cancelled the Long GBP-USD order due to worse than expected GDP numbers out of UK leading to drop and consolidation just above our area of entry. It proved to be a good decision else we would have been stopped out. No other trade got triggered. […]
Hello Traders, Just a quick update on one of the recommendations given yesterday. I am cancelling the Long GBP-USD order as the GDP figures haven’t been great and the current price action is forming a flag just before my recommended entry point. Happy Trading!
Hello Traders, Only one of our recommended trades from yesterday got triggered (Long GBP-USD) giving us our first target and then stopping us out on remaining position at break-even. The net result was +0.5% The only other trade that came close to being triggered was a long on EUR-USD which came within 4 pips of […]
Trade Recommendations for the forthcoming sessions on 26th June 2013. Market Direction Trigger S/L Move to B/E @ Target 1 Target 2 Reward to Risk ratio GBP-USD Long 1.5362 1.5337 (25 pips) 1.5387 (25 pips) 1.5387 (25 pips) 1.5422 (70 pips) 1.9 GBP-USD Short 1.5510 1.5535 (25 pips) 1.5480 (30 pips) 1.5480 (30 pips) 1.5420 […]
Hello Traders, Just a quick update on the trade idea I shared this morning: Short USD-JPY at 102.35 Stop Loss: 102.60 Target 1: 101.87 Target 2: 101.06 Looking at the price action since I posted the idea, I am not keen to keep this order. Price action has been consolidating in a narrow area just before […]
Hi Traders, Hope you have had a good break over the bank holiday weekend. Here is a trade idea I fancy if it materialises during the European and US sessions today. Take a look at attached USD-JPY chart. The pair has been having a strong rally over several months fuelled by BoJ interventions. However last […]