«

Apr 30

Print this Post

Erratic performance – but head above water!

I’ve had a good couple of trades over the past 2 weeks and a couple of rather impetuous trades that you think are out of your system until they happen!

After not finding a low risk entry short on AUDUSD last week it was frustrating to then see the pair crumble the way it did exactly as I predicted. After that drop and the encouraging GDP figures out of the UK and Cable take off there has been a lot of sideways movement in the market – until today.

EURUSD has possibly broken out of its box today and we could see moves above 1.32000 in the not too distant future…..all eyes on Friday at 13:30. If payrolls are worse than 150k then we can expect to see the Euro gain in strength – well until the next country in Euroland that manages to scupper its recovery!

Out of the Box!

Out of the Box!

 

GBPUSD is at an interesting place right now though……check out the pair and keep an eye on it this week. We could see a break out of channel or a bounce back in. A classic case of wait and see before jumping in!

Wait here.......for direction!

Wait here…….for direction!

Good trading all!

Jim

If you enjoyed this post, make sure you subscribe to my RSS feed!

Permanent link to this article: http://intradayforextrading.co.uk/2013/04/30/erratic-performance-but-head-above-water/

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>