Friday 21 November 2008

down trend still intact but watching 15M for signs of new upwards break



uptrend from 4556 still intact

pivot also still holding after this mornings up move at 5053

looking for new range to develop between 4556 and resistance starting at 5053-5500+
although still room for another drop, also looking for breakout of long-running down trend

Tuesday 18 November 2008

TIC flows improving

dollar strength from revisions to last TIC figures, placing a negative pit mid September but improving since

Monday 17 November 2008

looking to buy gbp, selling eur-gbp

got to 1.5053 but holding for now, support at 95/09 could be place to buy

Tuesday 11 November 2008

simple advice

just found this article on developing a sound trading strategy/practice/method
http://blogs.fxstreet.com/advisor/2008/11/11/a-simple-advice-for-novice-traders/