Take a look at Friday the 3rd of November. On first appearances your strategy would have worked and on a demo account it probably would have worked. Then you realise that with the price at 1.9080 at midnight GMT your 1.9030 sell order would have ...

daily range Strategy

LONDON (AFX) - The UK economy grew just above its trend rate in the three months to the end of September, a leading UK think-tank estimates. The National Institute for Economic and Social Research forecasts that the UK economy grew by 0.7 pct over ...

London Calling: The BoE Rate Decision

There is a statement issued if rates are changed. This statement is issued at the same time as the decision.

London Calling: The BoE Rate Decision

There's only a statement if interest rates are changed. What's also interesting is that the BofE is more forward thinking than some other central banks. They're not like the Fed constantly reacting to last month's data. They set policy in accordance ...

London Calling: The BoE Rate Decision

I have only read about half the posts in this thread but there is one thing that no one seems to have taken into account. If you actually look at the charts a lot of the time your entry triggers won't be hit until 0930 London time - immediately ...

daily range Strategy

True but if your strategy relies exclusively on dojis then you have a problem.

GBPUSD

I would be looking for the pound to collapse 300 pips in a couple of days in that scenario.

London Calling: The BoE Rate Decision

If the price rises by 20 pips between 2200 GMT (where some charts start a new daily candle) and midnight GMT (where other charts start a new daily candle) then a doji could easily turn into a hammer or spinning top. So which candlestick do you ...

GBPUSD

I'm pretty sure there is no data leak - if there was the 'rumour' would hit the news wires and squawks but for UK releases it never does. Read here how seriously the ONS take this issue. Also sometimes a release takes the market by surprise and it ...

GBPUSD

Going back to those dojis, I noticed they don't look much like dojis on my charts because my charts obviously use a different time for the open/close cut off. Given that there is no official open and close in forex, is it sensible to read much into ...

GBPUSD

The Office for National Statistics has the same news lock in system that US departments have. European data are definitely leaked - you can pick up the rumour numbers on squawk boxes - but UK data seems pretty tight. I don't know where you get the ...

GBPUSD

FF have messed up the forecast. They are forecasting 0.1 but everyone else is forecasting 0.4 which should be positive for the GBP in the run up to the report. Of course whether or not there's follow through depends on the actual number.

GBPUSD

Looking at the fundamentals for this week they are very positive for the GBP. We start the week with expectations of strong Industrial Production numbers and further into the week we have expectations of a rate hike. We could definitely see the ...

GBPUSD