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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 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.
Posted on January 21st, 2010 by James Alliss.
Categories: Tips, Forex.
GBP/USD dropped like a stone and made a low of 1.6124. I made some nice pips from this trade. I’m now looking at EUR/USD and it looks to me as if it’s turning over and on its way back up.
EUR/USD buy area looks excellent @ 1.4090 with a max 50 pip stop. I anticipate the pair making a move up to 1.4200 provided we stay above 1.4060.
You can AUTO TRADE my signals for FREE by clicking here
James.
Posted on January 19th, 2010 by James Alliss.
Categories: Tips, Forex.
I really don’t have the time to keep updating this regularly now so I’m going to only post high probability outcomes.
I believe that if we break the low of 1.6290 on GBP/USD we should see a significant move down.
That’s it - short and sweet.
Posted on March 12th, 2007 by James Alliss.
Categories: Tips.
This Blog entry is aimed at those living in the UK only.
It’s ISA Time!
In a matter of weeks you could have lost out on the potential to shelter £7,000 from the Tax Man.
Many people think an ISA is an investment in itself, it is not! It is a tax-efficient wrapper to hold your investments.
If you buy your ISA from a fund company then you could be limited to only buying investments offered by that company, not to mention hefty fees of around 5% which equates to £350 on £7,000.
Buy a Self Select ISA. This means buying the wrapper from a fund supermarket or a stockbroker and then choosing what you want to buy for it. If you go for a fund supermarket Isa (like I did when I started) you will only be able to buy funds. Your best bet would be to buy your wrapper from a broker so that you can not only hold funds run by any provider but also individual shares, bonds or even cash.
I use Barclays Stock Brokers but there are many more companies to choose from. Just do a search on Google.
I hope you found this useful.
James Alliss.
Posted on January 26th, 2007 by James Alliss.
Categories: Tips.
So far we haven’t seen the $2 hit this week despite the fact that everyone including myself though it may do.
It’s now 05:46am GMT and I’ve been up all night doing a night shift for my IT job. I’m looking at todays charts and I believe that if we see the GBP hit $1.9613 and also break through the 50% fibonacci retracement we should expect to see a sharp fall.
I will check this again tonight.
Posted on January 24th, 2007 by James Alliss.
Categories: Tips, News.
Did you notice that the USD reached $1.9914 for one Great British Pound yesterday?
That’s almost $2 for every pound. I have been waiting for the $2 mark to be hit for the last month or so and I feel it could happen very soon. In actual fact, if I see a break of $1.9943 I think the $2 will be hit.
Let’s see what happens.
James.
Posted on December 4th, 2006 by James Alliss.
Categories: Tips.
The Brits are buying up houses all over the world, it seems like we’ve become obsessed with housing no matter where it is or how much it costs. There are two schemes you may want to avoid when buying abroad which I will discuss below.
Reversion Scheme
One option being offered to UK investors wishing to purchase in France is the Viager or reversion scheme. You pay the seller a lump sum of money upfront but don’t get the ownership rights until the seller dies. Up until this time, you get to live in the house but you pay the seller an agreed amount of money on a monthly basis.
The price of the home is fixed using a combination of the market price and mortality tables. This scheme is basically a bet on someone’s life. If the seller dies earlier than expected then you get a cheap house, if they live longer than expected then the house becomes more expensive.
Fractional Ownership Scheme
This scheme works similar to a time share. Instead of one buyer owning 100% of the house, the year is split into segments. Individuals can buy as many of these segments as they require.
The difference to this and a time share is that with a time share you just have access to the property. With the Fractional Ownership scheme you own your share in the property. This ownership may come in the form of a share in a firm that was set up to own the property or something similar. The benefit to all this is that you get to keep any capital gains made when you sell.
The big question is whether you would actually make any money?
Not only are you paying for the segment(s), you also have to pay service charges which can be very expensive. And you can only stay at the house on the time you agreed. You’re also sharing it with many others so it would never feel like your own.
In a nut shell both schemes sound like a waste of time, but it’s your money. I’m just trying to warn you about the pitfalls.
James Alliss.