EUR

Probably posting this potential swing set up a little on the early side, but it demonstrates how far out I begin to plan a potential trading set up and allows me to follow and understand the way a particular Index or Forex Pair is moving before taking an entry. If this plays out and offers a trade, it will be the

Today hasn't been particularly good to me. All open swing trades are now red! AUD:NZD was +200 last Week, now showing -35 GBP:NZD was +120 within hours of entering the position, now showing -110 GBP:CHF was +140 when I got up this morning, now showing -45 on rumours of SNB raising the Euro Peg. Amazing how quickly things can change. GBP:CHF has suprised me the most as it looked incredibly bearish yesterday and I remember thinking it could be one

It's fair to say I spent much of the last Week sitting on my hands. The 2 currencies taking centre stage have been the Japanese Yen and the Swiss Franc which is exactly as I suggested in last Week's trading review. As the latter has some quite significant risks attached to it in  the form of SNB's (so far weightless) promise to intervene, only the short Yen trade offered

I always feel quite conscious when I've not updated the site for a couple of days. The traffic keeps coming but nothing new for anyone to read! Unfortunately if there's nothing convincing in the charts it becomes difficult to keep the site updated with stuff that's on topic and interesting. I've sat on my hands most of this Week though finally gave up messing around with GBP:CHF as it wasn't responding to any of my analysis. I'm happy I stopped out early now because