Pick of the Day: GBP/USD – Close Open Orders
Barely any action in Cable today as the pair traded in 60 pip range through out the major trading sessions. Our orders to go long at 1.9770 were not triggered and..
Read MoreBarely any action in Cable today as the pair traded in 60 pip range through out the major trading sessions. Our orders to go long at 1.9770 were not triggered and..
Read MoreThere wasn’t much more retracement before EUR/CHF resumed its downward momentum and it looks like it will continue lower for the time being.
Read MoreOur trade closed on Friday as there was a reversion from risk, as higher risk assets fell (equities, commodities, higher yielding assets, etc.)…
Read MoreEUR/CHF continued its trek lower in overnight trading without making any kind of retracement back up to 1.61. I am going to close my open orders and
Read MoreRegardless of weak UK economic data, Cable rallied high on a broad based USD sell off and hawkish inflation comments from Bank of England officials. Further, buying support is evident even after
Read MoreWe just saw a broadbased US Dollar sell off in the currency markets, most likely on positive Euro data and inflation comments from Eurozone and BOE officials.
Read MoreOur trade closed on Friday as GBP/CHF retraced and gave back most of the rally it saw after UK Retail Sales. The pair dropped back to 2.14, our adjusted stop, after almost reaching 2.16…
Read MoreWith a slight rise in Initial Claims and a very weak Philly Fed number, USD/JPY fell to the bottom of the range and triggered our long order at 107.60. It’s the end of the Euro/US overlap and
Read MoreNo “Pick” today with US coming out this morning. It is one of the very few major economic reports this week, so volatility may be a little bit more unpredictable after its release. I did want to mention our new…
Read MoreIt looks like buyers were not going to wait for a retracement back to the trendline before jumping in as EUR/USD found a strong bid during the Asian trading session and rallied almost…
Read MoreVolatility returned to currencies today as many pair traded beyond their daily ranges at the beginning or the Euro/US overlap. USD/CAD found a bid around 1.0020 – 1.0030 and
Read MoreOur trade closed today as GBP/CHF found support around 2.1370 and rallied 150 pips to hit our adjusted stop loss. The were plenty of buyers waiting at the bottom of the range, so
Read MoreThe US trading session is almost done, and it looks like our long entry was missed a couple times by 10 pips or less. So, no trade today and we will
Read MoreSince my last update, Cable has moved back lower below our short entry price, but not by much. With UK event risk coming up, I’d like to
Read MoreIt has been a slow day for the USD/JPY, and with the weekend quickly approaching, I’m going to close out our position at break even.
Read MoreWell, we were right on our bearish bias, but EUR/CHF did not move higher to give us a better price to jump into. With the pair currently testing 1.60, 150 pips away from our short level, we will
Read MoreOur trade has closed after a strong US Dollar corrective rally and reversion from risk, kicked off in the morning European trading session.
Read MoreThe remaining portion of our trade closed out Friday afternoon as the pair retraced back to our entry point.
Read MoreThe remaining portion of our position closed out yesterday as EUR/JPY rallied back after finding support at 155.50.
Read MoreOur trade was entered and exited on Friday as the Greenback rallied against the Swiss Franc into the weekend.
Read MoreA dream is just a dream. A goal is a dream with a plan and a deadline. Mackey Harvey