Posts Tagged ‘ SESSION ’

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The minutes from the most recent meeting of the Bank of England’s Monetary Policy Committee were released during today’s European session. The surprise split in the MPC vote, and hints that members did not rule out a rate increase in August, gave the British pound a boost. The GBP/USD was just one of many...
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During today’s pre-London session and then into the first hour of the London open, we were dealing with some short term British Pound weakness and Japanese Yen strength, a quality setup for a GBP/JPY short, that was very easy to plan for trade entries and targets prior to pre-London beginning. In this video I...
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Yesterday we enjoyed quite a Piptopia on the British Pound breakout of a Daily trendline to the upside. Sure enough, today was our opportunity in London to short it back down to the trendline retest. Pre-London gave us our first lower high to work with on the GBP/USD, and the 2hr EUR/GBP started developing...
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Can anyone please explain to me to forex tracking in asian session like it tracks Dow Jones Industrial average in american session? Thank you.
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Trading is a very lonely venture and trying to stay up in the early morning to trade can be a bit difficult. Having a trading buddy would be a good way to go. So if anyone is interested please contact me at sonettew@yahoo.com
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Following a London session dominated by selling of the EUR/USD, a modestly better than expected US ISM services figure for January provided the spark for a 30-pip news scalp trade on the euro. The brief rally took the currency pair to a technical level where a plethora of sellers were waiting to go short....
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News that Greece’s finances were worse that previously thought drove the country’s borrowing costs higher today. The euro fell to its lowest level against the US dollar since last May as the yield on the 10-year Greek government bond rose to its highest level since 1998.
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We began London today with a strong British Pound that had been gaining ground since Asia. We were however, sitting right at resistance as London was about to open, as was the Euro also. On top of this every single Yen pairing was either at resistance or showing signs of rolling over, such as...
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With a cue from USD/JPY starting to drop late in the Moscow session, we were able to build a trade plan on the weak British Pound and Yen as well. The GBP/JPY had bounced off of a 61.8 Fibonacci retracement Friday, filled a tiny gap from Sunday, and was then hovering around it’s 38.2...
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While world financial markets saw a flood of economic data and policy developments from multiple major economies, only one country seemed to matter most. The February purchasing manager’s index from China, released during the Asian session, was better than expected. That, and the prospect of another Chinese fiscal stimulus package, contributed to an increase...
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We found atleast four head and shoulders patterns on the charts today. Watch this video to see how they predicted short trades for the GBP/USD and QMQ8… also known as OIL.
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During the previous two London sessions, and all of the currency market hours in between, “sell the yen” was the ticket for traders. Although the first quarter US GDP headline figure was worse than forecast, the underlying data left the door open for New York traders to take up where London left off. A...
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Bank of England governor Mervyn King told a local UK newspaper that the country’s banking sector is “not in good shape,” and that he saw the decline in the British pound as “helpful” to re-balancing of the country’s economy. When the market got word of King’s comments, sterling got smoked. Multiple short trade setups...
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