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Howdy Folks,
Well it’s a new month and another great morning to trade. I thought I’d add a new feature to the blog today by posting a morning New York session thought on GBP/USD whenever I see something interesting to talk about. If you like this idea, let me know and we will do more of them. Last night I talked about $1.62 potentially holding support and this morning we see the round number and it’s demand level getting quite a test. The big GBP/USD sell off overnight was apparently triggered by PMI data that missed the market, at least that is what the financial press wants to attribute it to. Perhaps, but one thing I’ve noticed about fundamental shocks is the price action is usually not sustainable unless the data is a huge game changer. So the question is, will $1.62 hold or not? I have an angle on this I’ll share as the day unfolds but this is definitely a demand level worth watching in my opinion.
Best of luck today!
Ryan
Hi,
I’ve followed the link but it is not obvious where you register for ther webinar??
Help Thanks
Hi Darren,
That link was for an seminar that has already passed. I’ll post a new link on Friday although there may not be a seminar next Monday as it’s a holiday here in the U.S.
I post a link every Friday though so there will be another.
Ryan
Hi Ryan,
Many thanks for your reply.
On a slightly longer note. I have been paper trading on the GBP/USD & EUR/USD for the past year with mixed results. I am trying to devlop a plan which enables me to trade in the evening.
Initially I was trading using the fundamentals but due to volatility i’ve been using the news as well. The problem is due to the volatility i’ve been finding the news is hampering my progress rather the providing entry and exit signals.
Apologies if this is not the right forum to post on. I would sincerely appriceate any advice you can offer.
Darren
Hi Darren,
I’d be happy to help you out, I sent you an email.
Kind Regards,
Ryan