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FX Light - The World Is Watching EURCHF

 October 24th 2014. There are some clues that the dollar correction may have come to an end and we are seeing that in the likes of USDJPY, however let’s not get too far ahead of ourselves.  Although EURUSD is close to the lows of the week it is by not mean’s certain that the downtrend has resumed and AUDUSD price action would support that counter view.EURUSD – As I said, close to the lows of the week. I’ve got a number of long positions in this market with an average price just above 1.27. The…See More
4 hours ago
Gary's 2 blog posts were featured
6 hours ago
Gary's blog post was featured

FX Light - Another 1% Overnight. Dollar Correction Continues

 October 21st 2014. Good morning, I scalped NZDUSD overnight and added another 1% after Chinese data. Also based on the moves in Kiwi and many of the dollars pairs across the board I’ve just literally bought EURUSD, again as a scalping trade. I’ve got a number of Gold positions open right now too and the medium term correction in overstretched Dollar pairs continues. EURUSD – My bias is to buy and I have done so this morning. Look of a break of last week’s high and a continuation into the…See More
Tuesday
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Oct 15
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Oct 14
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Oct 13
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Oct 10
Gary posted a blog post

FX Light - NFP's Spoiled The Fun

October 6th 2014 Last week’s NFP number spoiled my fun and ruined the nice weekly hammer candlestick in NZDUSD. Many pairs were extended and the dollar looked to be about to weaken. Alas we have to wait further.EURUSD – Last week’s high comes via 1.2714 so watch this market as a clue to the likely performance of USDJPY, NZDUSD etc.Gold prices dropped to the lowest level in 10 months, with traders now aiming to challenge the 1177.24-78.86 zone marked by the December 2013 low and the 38.2%…See More
Oct 6
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Sep 30
Gary posted a blog post

FX Light - Dollar Strength Takes Out Stops.

 September 25th 2014. The Greenback Strengthened substantially overnight talking out EURUSD stops below 1.2750 and causing some panic across the board. NZDUSD – Due partly to domestic data and partly to the USD moves Kiwi selling accelerated and I know of at least one major trader who threw in the towel on long positions. Busted!! This game is not easy. “Money itself is never made or lost, it’s simply transferred from one perception to the next”. Wall Street 1986. Cold consolation to many Kiwi…See More
Sep 25
Gary's 2 blog posts were featured
Sep 24
Gary posted a blog post

FX Light - Bought AUDNZD

 September 24th 2014. Scalped EURUSD and XAUUSD overnight, quite profitable…..again. NZDUSD – So it may be a false dawn but I’m interested in the fact that Kiwi closed off the lows yesterday and is slightly higher this morning. Not much to write home about except looking at that other pair AUDNZD we have managed to put in a daily higher high coming off oversold conditions. Trying to predict the bottom or top of anything is a fools game BUT technically a higher high is worth taking note of.  I…See More
Sep 24
Gary's blog post was featured

FX Light - They say Forex Is Risky But What About Tesco This Morning?

September 22nd 2014. They say that trading Forex is risky and of course it is. However the implication is often that trading equities is not risky. For those people I have one word this morning, Tesco! TSCO and all equities gap at least five times a week and while forex can gap too, it’s not anywhere as much as that. End of rant!It is a slightly mixed bag this week. I will be looking for a move higher this week in Kiwi, EURUSD and GBPUSD but otherwise it should be a case of dollar…See More
Sep 22
Gary posted a blog post

FX Light - EURO Forming Medium Term Support Ahead Of The Fed Statement

 September 17th 2014. So far over the course of the last 24 hours we have seen if not a relief rally then certainly a medium term base in some of the pairs that became very overstretched due to aggressive Dollar buying. This evening we will get the Pace of Treasury Purchases for September followed by the Fed statement from Yellen so I don’t see a whole lot happening ahead of that. Cable awaits the Scottish Referendum results and the vote tomorrow.EURUSD – Will be very quiet ahead of the Fed…See More
Sep 17
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Sep 16
Gary posted a blog post

FX Light - USDCAD Performing

“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse Livermore – Legendary Trader. 1877-1940 September 12th 2014 – Good morning. The mood music continues to be about Dollar strength across the board. Also it may be worth noting that the polls are swinging…See More
Sep 12

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Gary's Blog

FX Light - The World Is Watching EURCHF

Posted on October 24, 2014 at 11:09am 0 Comments

 

October 24th 2014. There are some clues that the dollar correction may have come to an end and we are seeing that in the likes of USDJPY, however let’s not get too far ahead of ourselves.  Although EURUSD is close to the lows of the week it is by not mean’s certain that the downtrend has resumed and AUDUSD price action would support that counter view.

EURUSD – As I said, close to the lows of the week. I’ve got a number of…

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FX Light - VIDEO: EURCHF & The 1.20 Peg

Posted on October 24, 2014 at 8:17am 0 Comments

FX Light - USDJPY Rally To Resume?

Posted on October 23, 2014 at 3:14pm 0 Comments

October 23rd 2014. The last 24 hours was a bit frustrating regarding EURUSD and Gold positions but the account advanced another 2% so that’s the best kind of frustration I guess.

 

EURUSD – As some of you well know I am long EURUSD and frankly I’ve just bought more. As I say in the webinar the longer term trend is unquestionably down however shorter term we were overdue the most recent rally. Support comes via 1.2499 and I think I one…

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FX Light - Another 1% Overnight. Dollar Correction Continues

Posted on October 21, 2014 at 10:45am 0 Comments

 

October 21st 2014. Good morning, I scalped NZDUSD overnight and added another 1% after Chinese data. Also based on the moves in Kiwi and many of the dollars pairs across the board I’ve just literally bought EURUSD, again as a scalping trade. I’ve got a number of Gold positions open right now too and the medium term correction in overstretched Dollar pairs continues.

 

EURUSD – My bias is to buy and I have done so this…

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