The John Elfed Forex Blog

Friday 17 April: Hormuz strait to open soon?

Trade photo and explanation.

Trade closed manually

Trade photo and explanation

Tuesday 14 April: Calmness continues.

Trade photo and explanation

Weekly Review

During the week starting Monday 6 April, the Market slowly started to anticipate the reopening of the Hormuz strait. But it wasn't a straightforward journey and we are not 'out of the woods' yet. The week began with President Trump's April 6 deadline being

Friday 10 April

Thursday 9 April: Continued

Thursday 9 April: Uncertainty continues

Tuesday 7 April: Deadline looming

Weekly Review

Overall market sentiment was neither here nor there during the week starting Monday 30 March. A continuation of back and forth headlines made it difficult to have confidence price would sustain in either direction. The definitive narrative remains 'how long will the strait of Hormuz remain closed?' President

Choppy headlines continue...Notice of session by session trading.

The mix of positive and negative headlines from the past few weeks has continued, this week in particular it has been extremely difficult to have confidence in any moves. The week began on negative footing, switching to risk on but switching back to risk off following president Trump's

Trade photo and explanation

Wednesday 1 April: Back to 'Risk on'?

Trade photo and explanation

Weekly Review.

I think this will be a short review: The past couple of weeks were 'weeks of two halves', starting positivley and ending negatively. But it was (almost) one way traffic during the week starting Monday 23 March. The week began with the market reeling from president Trump'

I've updated my book.

It only seems like a couple of weeks ago that I finished my book but somehow three years have past. So I've decided to update the book to touch on recent events and anything that has changed in the last three years. I think anyone reading this has

Trade photo and explanation

Live trade

Trade photo and explanation

Tuesday 24 March

Trade photo and explanation

Weekly Review.

The oil shock narrative remained the dominant theme during the week starting Monday 16 March. Especially given it was a week filled with interest rate decisions. The week began positivley enough, mildly encouraging weekend 'war news' (some oil is getting through the Hormuz strait). Combined with NVIDEA'

Trade photo and explanation