Month: March 2013

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GBPUSD 27.03.2013 Trade Result

GBPUSD 27.03.2013 Trade Result

We had a beginners session on Tuesday 26th March 2013 and part of the class activity was to scan the market for potential trades. We chanced upon the GBPUSD which showed some short term bearish signs. 5 candles ago there was a bearish price symptom. This symptom happened at a resistance of  1.5216. Thus my…

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GBPUSD 06.03.2013 Trade Update

GBPUSD 06.03.2013 Trade Update

From the outlook I gave on 04.03.2013, I attempted a risk trade and bought the GBPUSD well ahead before the candle closed for the day. I figured that the market was going to close in a few hours and price did not react much even after US opening market and that if price closed around…

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GBPUSD 04.03.2013 Outlook

GBPUSD 04.03.2013 Outlook

The Pound Dollar has been in a free fall since the beginning of the year. Finally on Monday 25th February, Britian lost its triple-A credit rating with ratings agency Moody. The cut was from Aaa to Aa1. Britain now joins the United States and France in having lost its triple-A rating. Britain Finance Minister Mr….

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