2010 profit + 1179, 2011 + 971

2010 January +236, February +22, March +190, April +198, May +607, June +63, July 0, August -50, September +62, October -240, November +114, December 0,


2011 January +388, February - 80, March 0, April -114, May 0, June -15, July +433, August 0, September +260, October +253, December -154


2012 January +365, February 0, March +236, April +203, May 0, June 0, July





TRADING FOREX MARKET

The fact is that pattern exist is evidence of price manipulation, which in turn creates predictability that produces profitability for those who can see the patterns.

Greggory L. Morris

Tuesday, September 28, 2010

GBP/USD (-62)


with the positive news for the U.K.(Current account -7.4 vs -9.6 & GDP 1.2% as expected) we saw good bounce in GBP across the board. At the same time market jumped on comments from ECB executive board member Jurgen Stark "Euro area passed a turning point and moving towards credit growth". Even after all this data and comment, market managed to take some profits and to come down to 1.5830 area where we judged it is a good area to jump on the move higher. Market already hit high for today 1.5895 (January Low 2010 )and further rise is expected. S&P futures are in the positive territory as well as European markets for now what should help our trade. Stops are placed at 1.5770 and target is 1.5990.
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