1hr GBP Charts

15min RMO AUD pairs analysis

Michael vs Dow Jones: Analysis and potential short

aud analysis 1st septmeber potential overnight trades

Michael vs Dow Jones 1st September potential short

Another 21pips for GBPCAD trade that i blogged about yesturday

Another 21pips for GBPCAD trade that I blogged about yesturday… yey for me up 143 so far this morning

Hope you are all having as much fun trading as I am

Trading statment for Sophie’s Sunday-Mondays trades

Morning guys, I never show my trading statements as I feel that its personal to me, but just to give you encouragments that when you do the right analysis you can make money. As you can see above I even made a loss on AUDUSD but because I am up 142.7 pips with GBPJPY and up 5.8 pips on AUDNZD its has ofset the loss leaving me with a total profit of 121.8 pips.

Have a good bank hoilday Monday

Sophie

AUD Charts: Trade setups and analysis for 31st August

GBP charts: Trade setups and analysis for 31st August

Please remember to do your own analysis

Michael vs Dow Jones: Analysis 26th August

Afternoon all hope your trading was profitable yesterday. For todays analysis I have again did a screen shot of both the daily and 15min chart as I think that it is important to have both a long and short term view.

On the daily chart you will notice that the price closed higher but has formed a shooting star. The price on the daily chart has also tested a strong resistance line at 9624. What is interesting to note is that the price seems to be edging up slowly to the 62% line on the daily chart that i mentioned yesterday. Volume is still low relative to May which tells me that traders are not trading as much but based on the recent up trend they are decisive that they want the price to go up to at least 9800 by the end of the year.

On the 15min chart the price broke above the 161% Fibonacci line but was unable to stay above. On the 15min chart I have noticed a pattern forming a lot of peaks meaning that it is trending up and then coming down to test support but when it comes down it is never lower then the previous days open. This would indicate that the trend is still up but traders are still testing support levels to gain more momentum with the up swing.

I personally am still long.

Michael