Forex Diary 7th Feb 2020
ok usd and yen strong today .....so anything goes selling to these ....im mainly cable (no surprises)but others also following
heres the week ............watch for compression as traders close out winning positions on week
probably ahead of NFPs
Ok these charts are the key to how i trade ......
see how GBP got bull after my last post ...its positive for session after 6am GMT.....and USD is bull as well
SO WHY WOULD I STILL TRADE 2 x BULL CURRENCIES AS A PAIR TRADE ?????????
SO I STOPPED TRADING GBPUSD and went to other better pairs on the Bull usd and Yen pairs (EJ , EU , AU etc)
Dont be dumb .....use strengthmeters to watch the WHOLE market
here endeth the forex sermon......go forth and trade profitably gang !
NFPs were wet weekend in market ...only Cad really moved much (bull)....
ok so as we sail into the weeks sunset ive been seriously out of cable (as USD and GBP are bull today)
mainly working the Aussie and Kiwi into USD (Sells)
and Euro sells into Yen
in fact selling Australia into Japan is the best move but i like tighter spreads
have a great afternoon....Cad too lively to trade for me at moment