On June 11th, we got traded British Pound on the long side against US Dollar in our long British Pound in June strategy, when the currency pair was at 1.67900. On June 27th we added to that position at 1.7073. The exit window for this strategy opened up in mid-July and we exited one lot on July 16th at…
In June we entered long trades in our long British Pound in June strategy. The exit window for the trades is opening up at the close of trade on July 21st. We will close one of our trades tomorrow.
We got into health care long trades on March 4th and March 17th in our seasonality trader portfolio. These trades went up and then down in April and then came up again. The exit window opened up in June and on the first trading day of July we exited couple of these trades. The price action on July 7th has signaled…
Early in June we had entered long trades in our long British Pound in June strategy. Now comes another opportunity to enter this trade. We usually follow four entry strategies.On close of June 11th, we had issued three trade alerts. The fourth one will trigger at the close of June 27th. We will hold this trade till mid-July. We will send…
Yesterday, we alerted for a possible trade in our seasonal long British Pound in June strategy if the currency pair closes above previous day’s close. It did so our trade is one. For tracking purposes we will use the yesterday’s close. Go long GBP/USD at or near 1.67900. Three out of four entry strategy generated this…
A week ago, we wrote about going long in British Pound in June. The favorable time for this trade starts in early June. The price action of GBP/US pair tells us that this trade is getting ripe for getting into soon. We will watch it closely and if the entry signals are generated then will…
Two thirds of August trading days are behind us but the month is not playing up to its reputation so far. Bucking the History: Stock Trader’s Almanac notes that over the past 61 years, August has been 10th best month for Dow Jones Industrial Average and NASDAQ or in other words, third worst. August is 9th best for…
According to Stock Trader’s Almanac, British pound has a tendency to form a seasonal bottom in the month of March with respect to the US dollar. This phenomenon is due to the financial adjustments that multi-national companies make at the end of United Kingdom’s fiscal year, which ends in March. Companies delay making money transfer…
Despite an economy that is sinking deeper in recession, British Pound has done quite well against the euro. One of the causes is the uncertainty about eurozone due to the Greek crisis. As Greece grapples with her debt and insolvency issues, the number of alternatives available to her is decreasing. One alternative is that she…
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