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FX Light - Bought USDJPY. EURCHF Eyes The 1.20 Peg

 October 29th 2014. Hi, I’m back however as you know I had been managing positions on holiday. It rained a lot anyway! I have just opened a USDJPY position.Remember we have the FOMC statement after the final taper of MBS today. Any mention of a timeline for rate rises would likely strengthen the Greenback across the…See More
Wednesday
Gary posted a blog post

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
Oct 24
Gary's 2 blog posts were featured
Oct 24
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
Oct 21
Gary posted blog posts
Oct 15
Gary posted blog posts
Oct 14
Gary posted a blog post
Oct 13
Gary posted blog posts
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
Gary posted blog posts
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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About Myself
Former Stockbroker
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Discretionary
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FXCM

Gary's Blog

FX Light - BOJ, USDJPY & Off We Go To 115.00

Posted on October 31, 2014 at 9:35am 0 Comments

 

October 31st 2014. It beginning to look like the Dollar rally has resumed. I managed to make another 3% overnight and I am hopefully on track to increase the account by 30% in October which is a good month and quite timely considering it is also the month that my…

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FX Light - Basically I Made Money Yesterday

Posted on October 30, 2014 at 4:41pm 0 Comments

October 30th 2014. So yesterday’s action was quite productive and I added another 3% or so. Remember that you should only copy me with an MT4 account leveraged 200:1 at a minimum.

So it’s a bit of an ecosystem. The dollar strengthened significantly yesterday and gold dropped as a result (I was short Gold). Not surprisingly USDJPY strengthened and as I said previously a close above 108.50 sets us up for a continuation higher. We got that, so now look for a challenge…

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FX Light - Bought USDJPY. EURCHF Eyes The 1.20 Peg

Posted on October 29, 2014 at 9:32am 0 Comments

 

October 29th 2014. Hi, I’m back however as you know I had been managing positions on holiday. It rained a lot anyway! I have just opened a USDJPY position.

Remember we have the FOMC statement after the final taper of MBS today. Any mention of a…

Continue

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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