Peter Marsden's Forex Blog

As I am well up for the month, I have been remaining very risk adverse.. I haven’t got any good signals yet since the last trade on cable at the start of the week. I don’t mind, I would happily take the month as it stands. If a good signal does arise I will trade […]

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The UK current account came in better than expect at -9.1B against the forecasted -11.5B. Cable didn’t move much initially on the news.. The UK GDP numbers were inline with expectations.
Much weaker than expected US durable goods this time. Both core durable and durable goods were worse than expected. Cable spiked up a little on […]

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I just wrote a scalping article for the main site. Here it is folks.. http://www.forexpm.com/html/forex_scalping.html

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The yen is stronger accross the board so far today.. GBP/JPY just dipped below 230. My full carry trade is working really well.. The recent ranging activity of the yen is perfect for this strategy.. I am earning the rollover interest every night, it is around $28 per 1 full lot. The longer it ranges […]

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I am very glad I use trailing stops when I see what happend to cable. Had I not have trailed the stop, the position would now have been stopped out for a loss, the trail enabled me to pick up 68 pips yesterday.

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We have a lot of US data which could affect the dollars pairs quite a lot this week.. existing home sales, durable goods, GDP, New Home Sales, Chicago PMI and many more. Lets see what the week brings. There does seem to be a bearish dollar sentiment looming the markets at present.

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Well, that trade ended a lot quicker than I expected, and ended quite nicely. My trailing stop got hit at 2.0268 for +68 pips, or around +1.2% in equity. Great start to the week. I am now a very nice 8% up for the month and will continue to stay out of the market and […]

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A nice 5/8 cross on cable at the moment.. We should have support around the 2.02 area and a 23 fib (1.9650-2.0364). I have a small long position from 2.0204. Risk is 0.5%.. My aim is to move the stop to b/e if possible soon. Lets see where this one takes us

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GBP/JPY position did hit +70 pips, I moved the stop to break even, it triggered last night while I was asleep, so break even. Nevermind, at least there was no loss and I made a slight profit due to the swap.
 
Some very strong data from the UK today. Retail Sales came in at 0.6% m/m, […]

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Currently long from 231.81 on GBP/JPY after the crossover. The stop almost got triggered earlier, but it just survived. Only 0.5% of equity at risk, I felt it was worth the risk. Lets see where this one takes us..

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