Monthly Archives: September 2013
U.K. > U.S.A.
Great Britain’s GDP was just revised up another 0.7%, off of strong manufacturing and construction numbers, further underlining steady overall growth. The BoE recognizes these positive data outputs and sports a hawkish stance on quantitative easing. In other words –that’s a government responding positively to positive changes in its economy. There is a light at […]
Long GBP/USD at 1.61825
My buy order was just hit on the way up. Price broke through and made a daily close beyond its most recent swing-high, giving major technical confirmation to the upside. The BoE is also moving towards the hawkish side of the spectrum and away from its easing program. I’m thinking fundamental and technical factors line […]
Stopped Out: AUD/USD
Price action isn’t saying anything decisive over the near term, so I’m not in a hurry to jump back in. I’m still long-biased over the long term and I’ll look to set a buy order should price overtake its most recent daily swing-high. Stopped out of AUD/USD at 0.9329, +15 pips
Stopped Out: EUR/AUD
I got stopped out by a whip saw move while still realizing a decent gain, having moved my S/L passed B/E before the weekend. Momentum is bullish and the overall technical picture still favors a big move to the upside. I’ve set another buy order – just waiting for price to pull me back in. […]
Long EUR/AUD: 1.4430
My buy order was hit overnight on the way up. I’d been watching a high level of congestion as overhead resistance levels were hit multiple times on the 15 min charts. I woke up to a gain of 80+ pips (sweet feeling), and was able to move my stop loss up past B/E – thus […]
Short AUD/USD: 0.9344
My short order was hit on the way down. I’m bullish long term on the pair but I think there’s room for price to fall in the short term. I’m hoping to catch that action before direction reverses with conviction – looking to move my stop to B/E as soon as I can to eliminate […]
Stopped Out: EUR/USD
Stop loss was hit. Not feeling as confident about movement in the pair. Significant directional price action will have to occur before I get back in. Stopped out of EUR/USD at 1.3484, -29 pips
Fundamental Tailwinds
As I said when I got stopped out, I’m still long biased on the GBP/USD pair, and for fundamental reasons. The BoE diverges from the Fed in tone, with the members taking a unanimous hawkish stance. If QE ends in England the pound will continue to soar, and I don’t want to miss out on […]
Stopped Out: GBP/USD
Momentum reversed and my stop was hit. I’m still long biased at the moment for the pair and should price look attractive on the daily charts I’ll get back in. Stopped out of GBP/USD at 1.6036, -35 pips.
Long GBP/USD: 1.6071
My buy order was it on the way up. A bullish candle closed above resistance on the hourly charts. This was my entry signal. Long 2,500 units of GBP/USD at 1.6071, S/L at 1.6021
CentricFringe 