1 hour chart

GBP Manufacturing Production Disappointment. Bollinger Band Break on GBPUSD.

  • Posted on: 10 July 2015
  • By: strategist
GBP Manufacturing Production Disappointment. Bollinger Band Break on GBPUSD.

On July 7, 2015 there was fundamental news concerning GBP. Manufacturing Production (m/m) for the British Economy came out rather disappointing at -0.6% downplaying the forecast of 0.1%. The pound already looked very bearish on the hourly chart.

When the one-hour bar closed following the bad news, it had broken the lower Bollinger Band. I executed a short with a take-profit slightly above the S1 pivot. Gained approximately 10 pips. The short was good for a lot more considering the negative miss of the economic data forecast but I had to be conservative.

Another Fade Trade. USDJPY Long

  • Posted on: 11 June 2015
  • By: strategist

Hello to all aspiring traders!

On Jun 10 2015 during the Asian session very positive news came out of South Korea in addition to other favorable events for the Asian economies. That caused USDJPY to plummet reaching levels of May's open price (previous month's open price) of around 122.64.