John Elfed

I've been trading Forex for 8 years consistently profitable. I've been through all the emotions associated with trading and my quest is to share my knowledge in the hope it can help others.

Paid-members only

Trade photo

Live trade

Tuesday 28 October: Thoughts on the current narrative

The overall positivity has continued, the AUD is currently the standout strong currency, thanks to US / CHINA de-escalation hopes and possibly anticipation of a high CPI print (due during the upcoming ASIAN session). Barring a bout of JPY strength (possibly profit taking following positive rhetoric as Mr Trump visits Japan?

Paid-members only

Trade photo

Live trade

Weekly Review

The week starting Monday 20 October was a good week for overall market positivity. Political stability in Japan, optimism for US / CHINA trade de-escalation and below expectations inflation data from the UK and US, all contributed to the positive mood as the S&P once again hit all time

Friday 24 October, post CPI thoughts.

US CPI to be reported, will it matter? * Plus today's trade closed at break even

Paid-members only

Trade photo

Live trade

Paid-members only

Trade photo

Live trade

Weekly Review

I found myself feeling a little fed up during the week starting Monday 13 October, unable to form a strong confidence in the near term direction of the currencies. I felt lack a lack of US data is really starting to bite, central bank speakers didn't really tell

Paid-members only

Trade photo

Live trade

Week ending on a sour note

Paid-members only

Trade photo

Live trade

Weekly Review.

Although the US government shutdown continues, there was still a lot of information to take in during the week starting Monday 6 October. Starting with the JPY 'opening gap', weekend news that new LDP leader TAKACHI is likely to induce policies positive for growth and Japanese stocks but

Paid-members only

Trade photo

Live trade

*Today's trade: Important.

Paid-members only

Trade photo

Live trade

Tuesday 7 October

There is not an awful lot to chew on so far this week as the US government shutdown continues. We did get the (weak) JPY opening gap following the weekend election news. And it certainly feels like the JPY is back is 'to short territory'. I initially felt