The John Elfed Forex Blog

Trade photo and explanation

Trade closed manually

Trade photo and explanation.

Live trade

Trade photo and explanation.

Live trade

Wednesday 3 June: Dominant USD

I began the week with 'tentative hope' for a continuation of 'risk on movement' in the currencies. That hope has slowly dwindled thanks to a stalemate between the US and IRAN. President Trump's recent comments that the strait of Hormuz 'should' be

Trade closed manually

Trade photo and explanation.

Monday 1 June:

Weekly Review

Memorandum of understanding (M.O.U) was the catalyst for the S&P to hit all time highs during the week starting Monday 25 May. Not that the S&P needed extra validation, it's now nine straight weeks of gains as traders have long since been

Friday 29 May

Trade closed manually.

Trade photo and explanation

Live trade

Wednesday 27 May:Two forces in play.

It seems to me that two narratives are battling it out to control the currencies so far this week. 1: It goes without saying: The positive US / IRAN rhetoric has provided a 'risk on' environment. Rightly or wrongly I've been reticent to get carried away with

Tuesday 26 May: Positive enough?

Weekly Review

Tense but directionless is a description I read about the week starting Monday 18 May. And I think that sums it up perfectly. At least in terms of the currencies (the S&P once again, in the main, impervious). I thought the USD yields story was going to '

Thursday 21 May

On, off....On again?

Trade photo and explanation

Live trade

Trade closed manually

Trade photo and explanation

Monday 18 May.