by Michael Bridgman | Jul 24, 2012 | Forex Tips
Tricky trading of the GBP overnight but some useful tips come from it. Never trade an early breakout…wait for the retest and confirmed signs of trend direction. Be aware of range bottoms and tops as well as the previous day’s highs and lows. When looking at last...
by Michael Bridgman | Jul 23, 2012 | Forex Tips
Not being a fan of Sunday/Monday trading – I passed on any trades overnight. At first glance, the GBP may have appeared to be an easy short trade… as the down trend continued progressively through the Asian session with a substantial move. Let’s see what the week...
by Michael Bridgman | Jul 20, 2012 | Forex Tips
Beautiful Reward to Risk Ratio GBP Trade Setup. These are not rare and if you know how to spot them, trading is much easier. The other majors offered up nice trades too, as the week came to an end. I am not a fan of scanning through 12 pairs to trade or even trading...
by Michael Bridgman | Jul 19, 2012 | Forex Tips
The GBP yesterday had another higher swing low and today’s high took out Wednesday’s swing high.Breakout traders were stopped out and an entry long presented itself. Although the GBP didn’t make it to my first target, it had offered enough pips in advance of the US...
by Michael Bridgman | Jul 18, 2012 | Forex Tips
Keeping your eyes on Swing Highs and Swing Lows is very revealing of trend continuation and reversal. Although I intraday trade from the 15 minute chart, I like to look at the 60 minute chart for clues as to how the daily trends and reversals are shaping up. Three...
