[The forex alerts and charts are protected for Trader Membership members only. Join us to see all content]

26/2. The action hit the 1.5229 line from my very old chart and our members who like long holds have been well rewarded with this move which gave a maximum of +876 pips. (Original post February 5th, 2010)

[The forex alerts and charts are protected for Trader Membership members only. Join us to see all content]

[The forex alerts and charts are protected for Trader Membership members only. Join us to see all content]

There was a move of around 330 pips from the Purple Trace point posted 2 days ago, with the possibility for more in the future, but again NFP could have some impact so I will be analysing this in the next day or so. (Please see previous post)

Its a slow grind Read more…

I know some members are still hanging in with some positions in this one, and we have already passed the magical 1.6000, (as mentioned on Saturday).  I did say in the original post 1.6000 or lower, so now we are almost 100 pips further down the track. There currently looks like some potential as shown in this chart Read more…

Our order has now reached the target of 1.6000 we suggested last Friday (currently 1.5988)

This was our order

Entry Zone. Short circa 1.6230  – 1.6270

Target – 1.6000 or lower (or whenever you are happy).

Holding over the weekend is not our preferred choice because of unknown factors like surprise announcements by governments, major global disasters, etc. These can cause wide opening gaps, and they may not always be in the favoured direction.

Many members took profits of up to +200 pips on Gbp.Usd, Read more…

GBP.USD. Good move overnight on this pair and we have taken some off at +180 (maximum 194 so far).

Eur.Usd. #23 I feel the stop might be better slightly further out of the way, because I wont be around to watch it,  and I have moved mine to 1.4370

Gbp.Usd #37 has done well, and all orders were filled – I just took a few off the 6270 order at +50 which allows me a buffer on the stop