todays trade

i have taken a short on gbp/usd at 1.6126 as strong dollar is still in play my stop loss is now at break even lets see if pound and drop below the 1.6100 level

update on eur/usd trade

as i had to go out yesterday i decided to close my eur/usd trade at 1.4313 giving 97 pips profit 

todays trade

yesterday i ended up down 20pips my gold trade was break even

and my gdp/usd was out for minus 20 pips

today i have shorted eur/usd at 144.10 with a 20pip stop just above the high on the 5 min chart

i have moved my stop to break even, targeting 143.20 previous low on 1hr charts . tho i will reconsider once it gets down to this level. we now have dollar strength this could well be a trade to hold longer 

todays trades

i shorted gold at 1519.0 and moved my stop to break even . trade was closed at break even

i have placed an order to go long on gdp/usd at 163.80 with 20 pip stop 

this morning possible trades

i am monitoring eur/usd  and aus/usd for possible short .

i note that over night we have had pull backs on all my usd pairs and am looking for continued usd strength  later today tho right now it is weak usd in the house.

update

eur/usd has broken 4h 20ma if it holds above then long position need to be considered as we also have major crosses on gdp/usd and aus /usd all shorts are off for now

 looking to short gold, need a small pull back 

about me

Hi i have been spread betting for over one year now and decided to keep a blog of my ups and downs trading Forex and commodities

I tend to trade eur/usd, cable, aus/usd, usd/jpy, eur/jpy gdp/jpy and gold

i have been a member of  alpha trading club and am learning  how to trade using charts  and strategy from the club.

Money management, and sticking to the trading plan are key to success.