Hi Folks,

Some of those bias changes discussed on the below video are starting to come to fruition. Pairs already taking advantage of these moves are GBPUSD USDCHF

I think some of the other pairs will follow suit and change there 240 min bias changes pretty soon, but that is just an opinion so I will have to see what the chart tells me

Enjoy

Phil

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Hi Folks,

Just thinking out loud here, so excuse the randomness of the comments.

UK and Euro zone Interest rates didn’t spark any interest in movements (excuse the pun), price is being pushed up and down once again on the USD cross rates and not really giving me a direction for the day so far and now all eyes appear to be on ISM at 3pm UK hours today which as I recall last time sent the market short term nuts.

There still appears to be no stopping the USD advance particularly against the GBP (Thank you Darling )

Overall the USD trend is still bullish but intraday USD is so far weakening with bearish intent… doesn’t that sound posh… who cares all this information is on the charts folks and all I’m doing is stating whats already happened so its nothing fancy or complicated to see this…. Say what you see folks the first 2 of the 3 basic questions I’m sure will tell you this.

So whats going to happen?

Well I don’t know and I don’t care… but this is what I’m going to do. Ideally I’m looking for new highs or lows for the day wit profit potential based on an average days move for the currency pairs I’m looking at. There are also some Fib retracements setting up and I will be assessing price action to suggest direction post news… hey and guess what… remember Wednesdays Training session?… If it goes up making higher highs higher lows I’m going to buy… If it goes down making lower highs lower lows I’m going to sell…. and IF it doesn’t make either new highs or new lows with profit potential then I’m going to step aside and live to trade another day.

That’s the plan… let see how it works out.

Happy Trading

Phil

Forex video showing the highlights for the days trading based on this AM’s morning currency analysis. some break out trades but also some fib set ups as well

Its been a bit of a mixed bag of trading this week for me with some choppy conditions mid week as we discussed but essentially a good way to end the week.

Personally not planning on holding the swing portions over the weekend this time and cashing out as soon as the market will allow me to

As I’m typing most of the trades have been closed out… with many +100 pip moves locked in from entry to exit.

Patience was certainly a virtue for today’s trading as I had to sit through a lot of sideways movements… Best advice during time like this when you get itchy fingers to be doing something is to remember that no action is a perfectly valid decision to take if that is what the market is telling you… Sit on your hands if you have to.

Have a great weekend

Phil

Hi Folks,

Today’s video showing some of the trading set ups that I’m looking at on the currency pairs I’m watching for today. there are some nice early movements so far that have already triggered since recording the video, not too many break out set ups today again but some good patterns developing.

Enjoy

Phil

Hi Good morning folks,

Not a great deal setting up from the break out trading point of view yet again today… there are a few Fib set ups develops on those pairs that have put in ATR or the majority of ATR’s already during the Asian session but could quite easily be another day like yesterday where not a great deal actually happen.

Have a good day

Enjoy

Phil

Hi Folks

Todays video view of the current set ups that I’m looking at for today and also showing why I’m not looking at some pairs or what I’m waiting for to happen.

I think the main thing to consider from todays current price action is dont forget the big picture as there are still some larger considerations and patterns to account for Average days ranges for example on the USD cross rates.

Hi Folks,

UK Bank holiday today and to cut a long story short days like today are normally one of two extremes. Either we will see some mad dog movements OR we will see some sloppy, little or no movements due to reduced volumes during the UK session

GBPUSD and EURUSD have already seen about 65-70% of average days moves already so far and while you can see extended movements beyond these levels the chances are reduced as far as I’m concerned for the moment.

Hi folks,

What a great way to end the week… not one monetary loss trade… If only it was always like this… enjoy it while it lasts

Once again Standard trade set ups folks, break outs across the charts take your pick of the pairs today.. you should all have seen some great moves either quite early on or with a little patience as on the cadjpy cadchf eventually produce the pips for you.

Enjoy

Phil

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