You are looking at posts that were written in the month of February in the year 2010.
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Posted on February 23rd, 2010 by James Alliss.
Categories: Tips, Forex.
Rather than updating this blog with boring text, I’ve decided to record everything on video - My analysis in real time.
Watch the latest videos by clicking here.
James.
Posted on February 20th, 2010 by James Alliss.
Categories: Tips, Forex.
Let me start by pointing out that I got the USD/JPY trade wrong. I traded what I saw and was unsuccessful this time but cut my losses and I’m out of that trade. Price action is actually now indicating a bullish move so I’m looking to get in on that over the coming days.
I have just created my first Forex video where I give detailed analysis for a position trade shorting AUD/USD. You can view the video here. I think you could very well learn something new by watching it and see how I view the markets.
I’ll be starting to post more of these videos and sharing the links to those videos here in the blog.
All the best,
James.
Posted on February 16th, 2010 by James Alliss.
Categories: News, Forex.
Today was one of my most profitable ever! I could see risk appetite had returned to the markets so was very confident that GBP/USD and EUR/USD would show bullish price action today. I traded both and made over 200 pips!
I mentioned EUR/USD in my previous post ” I therefore believe the pair will now make its way up to 1.3950 over the coming days. I always trade what I post and I am taking this pair long on a break of 1.3710. I’m not disclosing my stop here but it’s close enough to offer excellent risk reward.”
I didn’t get in @ 1.3710, I actually got in @ 1.3585 on 12th Feb as this was a major low from the previous day. I had the position open since then and closed it today for +132 pips. All my trades can be verified by clicking here.
I still believe EUR/USD will make its way up to around 1.3950 so will look at trying to get back in on a retracement. GBP/USD looks set to make its way to 1.5900 so again I’ll look for a retracement to take it up to there.
POTENTIAL TRADE ALERT!!!!
Now, I’m very excitied to share this next setup with you. This is not advice, this is just my own personal view on how I see things.
USD/JPY looks poised to make a big drop down. Look at the price action, we have had a nice move down and price has been consolidating for days showing a bearish flag formation. Today we just about hit the 50 day SMA and a natural resistance point @ 90.50. As far as I’m concerned this is screaming a short position but NOTHING is GUARANTEED!!! Take a look for yourself and make your own trading decisions. Remember to trade what you see.
Good Luck.
James Alliss.
Posted on February 11th, 2010 by James Alliss.
Categories: Tips, Forex.
I have just seen a very high probability trade setup that I’d like to mention.
EUR/USD long. The pair has reached a major support level backed up by a 1.618% extension and 61.% retracement from the major move. This shows confluence! Price has also tried to take out the 4 hour 50 SMA multiple times and failed. However today it failed again and should have made new lows. Instead of going lower price rejected the 1.3595 area and has shown a reversal signal. I therefore believe the pair will now make its way up to 1.3950 over the coming days. I always trade what I post and I am taking this pair long on a break of 1.3710. I’m not disclosing my stop here but it’s close enough to offer excellent risk reward.
Follow my trading progress by clicking here.
James Alliss.
Posted on February 2nd, 2010 by James Alliss.
Categories: Tips, Forex.
Another short and sweet post here.
I believe that if GBP/USD can break 1.5990 today then we should see the pair reverse and has the potential to move all the way up to 1.6700. My first target will however be a lot less optimistic @ 1.6050.
James Alliss.