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Showing posts from August, 2010

Day Trading - GBP/USD

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This is the 2Day 5Min Chart for GBP/USD The Profit target of 60points was reached at 10.55am. Off to the golf course!!!

Day Trading - GBP/USD

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This is the 2Day 5Min Chart for GBP/USD The Pending Sell order just below the 1st Support at 15740 was taken at 10.30am when the report was released with a 20points Stop loss and Profit limit of 60points in place. The market has now moved halfway (30points) towards the profit target, hence the Stop loss has been edited to the opening level.

Day Trading - GBP/USD

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This is the 2Day 5Mins Chart for GBP/USD The Bank of England Quaterly Inflation Report is due out in about 5mins. The market has been trending sideways between the Pivot point and 1st Support (S1). A pending Buy order has been placed just above the Pivot point at 15827 and a pending Sell order just below S1 at 15740.

Economic Report - 11.8.2010

The GBP Bank of England Quaterly Inflation report is due out at 10.30am. This is a report of HIGH importance.

The markets will be assessed for trading opportunities just before the report comes out.

Day Trading - EUR/USD

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This is the 2Day 5Min Chart for EUR/USD The FOMC rate decision is due out in about 60mins (7.15pm UK time). A pending Buy order is in place just above the 1st Support (Using the Pivot points strategy) at 13197. Obviously, when the report is released, the entry strategy may change.

Day Trading - GBP/USD

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This is the 2Day 5Min Chart for GBP/USD The FOMC rate decision is due out in about 60mins (7.15pm UK time). A pending Buy order is in place just above the 1st Support (Using the Pivot points strategy) at 15868. Obviously, when the report is released, the entry strategy may change.

Day Trading - Dow Jones

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This is the 2Day 5Min Chart for Wall Street The FOMC rate decision is due out in about 60mins (7.15pm UK time). A pending Buy order is in place just above the 1st Support (Using the Pivot points strategy) at 10651. Obviously, when the report is released, the entry strategy may change.