Trading The Pound
Monday, September 17th, 2007
Today, I decided to mostly focus on the Sterling and more precisely on the GBPUSD in light of the recent financial turmoil Great Britain has been facing. One of Britain’s largest mortgage lender, Northern Rock has seen its customers rush to branches to withdraw their money as response to the bank’s financial trouble. At 7:37AM […]
US Retail Sales
Friday, September 14th, 2007
As I wrote yesterday, I had a short position in the USDJPY when I left the office. At 12:30 GMT, the August US Advance Retail Sales came out at 0.3% ( vs. 0.5% expected). Although this number came out slightly below expectations, the real disappointment came from US Retail Sales LESS Autos (-0.4% vs. 0.2% […]
Trading when economic data is released
Thursday, September 13th, 2007Today, I’m going to write a little bit about having a position open when major economic data is released. As I wrote on my previous thread, I opened a long position in the GBPUSD yesterday and decided to keep my position overnight. By doing so I made a major mistake: I didn’t check the economic […]
The Second Day
Wednesday, September 12th, 2007
Today, I placed two trades on my demo account.
The first trade involved the GBP/USD pair. As you can see from the chart above, the pair has been trading in a range for a few days now. The wider range this pair was trading at can be set to 2.0358 - 2.0228. If you look at […]
First Trades
Tuesday, September 11th, 2007Tuesday, September 11, 2007
I’ve just set up my new demo trading account and here I am with $50,000 (fake) dollars at my disposal to buy or sell a currency pair that I believe will move in the direction my combination of technical and fundamental analysis will have predicted.
The first currency pair i looked at, […]