December 9th, 2019

Fundamentals

European stock exchange is on a slight decline, as investors expect more news about the trade war. London is down 0.2%; Frankfurt is down 0.1%; Paris is down 0.3% and the European Stokes 600 Index is losing 0.1%.

The dollar weakened slightly against the leading currencies. The Euro is up 0.1%, to $ 1.174, the pound is up 0.2%, to $1.3168.

Investors are awaiting the December 12 election in Britain, and the latest monetary policy meeting for 2019 by the ECB, which will be held on Thursday.

Open positions

USD/CAD (open since Friday)

Pending positions

None

Closed positions

On Friday my EUR/USD trade closed for 20 pips profit, while the unexpected movement for the USD/CAD lost 29. Then I placed another USD/CAD trade which is running until now.

Words from Andy

The market been very quiet in the recent days and actually weeks, but we need to be patience, as 2020 will bring many new opportunities. So, seat tight and bear with me, I have big plans for 2020!

In the meantime, we have some holidays and Christmas on our way, I will be trading but I don’t expect too much excitement. 

In my sight

There is no point in placing another trade when the market isn’t moving. Tomorrow I will place 2 more new positions and hopefully win another 100 pips. 

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November 14th, 2019

Fundamentals

European stock exchanges are down slightly, despite growth figures showing that Germany slipped in the third quarter recession. London is down 0.1%; Frankfurt was down 0.2%; Paris is up 0.1%; Stokes 600 Index European rule unchanged.

The German economy has managed to slip out of a recession and grow in the third quarter of this year, according to preliminary data released today by the Federal Bureau of Statistics. Germany's GDP grew by 0.1% in the third quarter compared to the previous quarter, in contrast to forecasts of negative growth of 0.1%. Compared to the corresponding quarter of last year, growth of 0.5% was recorded. Initial to a negative growth of 0.1%.

Open positions

USD/CAD

Pending positions

None

Closed positions

Yesterday’s GBP/CAD trade lost 29 pips after managing to break a strong Fibonacci area of support and the round number of 1.7000, it is now back up but it’s a little late because I trade with SL’s.

USD/CAD trade is running and is about 15 pips away from my target at 1.3277 for 50 pips profit.

Last month closed for 303 pips net profit. This month currently stands at minus 84 pips but I have plenty of time and I’m confident to close it in the green as well. 

We had a great year, which is almost coming to an end, and I have big plans for the new decade so stay tuned! 

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In my sight

Retail Sales m/m

PPI m/m

Fed Chair Powell Testifies

The AndyW Course

Members who are interested to take the advanced AndyW Course please contact me directly. The course is provided one on one with me! It can be done online or physically anywhere in the world!

In the course I will teach you my methods and my strategy from step 1. How to combine the most powerful tools, practice self-control and build a trading plan - Perfect for long term success!

+44 7414 100 686

Please make sure you are logged in to the AndyW APP to get my LIVE Notifications! A copy by Email will also be sent to you.

Join the Premium group on Telegram: https://t.me/joinchat/AAAAAD-sdoZ0BJ6ymqI_Xw (if you get an error please message me privately on Telegram and I will add you manually +44 7414 100 686 )

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November 6th, 2019

Fundamentals

Asian exchange is falling, while investors expect further developments in US-China trade talks. Tokyo is up 0.1%; Hong Kong is down 0.1%; Shanghai is down 0.2%; Seoul is unchanged; Sydney is down -0.5%.

China reportedly wants the US to cancel its tariffs before President Xi Jinping agrees to come to the US to sign a trade agreement.

In the commodity market, oil is down after yesterday's high of six weeks. Texas sweet crude oil contracts for delivery in December are down 0.6% to $56.91 a barrel in e-commerce in New York.

Open positions

GBP/USD

Pending positions

None – USD/CAD was canceled after the target was reached but the trade was not opened.

Closed positions

Yesterday’s GBP/USD pending position went live and almost hit TP, eventually lost. There is plenty of volatility on the GBP/USD pair following the Brexit. I will continue trading that pair as overall last month made plenty of pips on those trades. The main expectation is an upward trend for the GBP/USD.

Last month closed with 303 pips profit. This month started with -58 pips but I have plenty of time to go as the month just started.

In my sight

No high impact market events today. Tomorrow we have a big action day with:

EU Economic Forecasts

BOE Monetary Policy Report

MPC Official Bank Rate Votes

Monetary Policy Summary

BOE Gov Carney Speaks

The AndyW Course

Members who are interested to take the advanced AndyW Course please contact me directly. The course is provided one on one with me! It can be done online or physically anywhere in the world!

In the course I will teach you my methods and my strategy from step 1. How to combine the most powerful tools, practice self-control and build a trading plan - Perfect for long term success!

+44 7414 100 686

Please make sure you are logged in to the AndyW APP to get my LIVE Notifications! A copy by Email will also be sent to you.

Join the Premium group on Telegram: https://t.me/joinchat/AAAAAD-sdoZ0BJ6ymqI_Xw (if you get an error please message me privately on Telegram and I will add you manually +44 7414 100 686 )

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October 29th, 2019

Fundamentals

European stock exchanges are declining to open US Federal Reserve meeting. Economists estimate that Federal Reserve will announce interest rate cut tomorrow. London down 0.4%; Frankfurt down 0.2%; Paris down 0.2% and Stocks 600 The European rule is down 0.3%.

Open positions

GBP/USD

Pending positions

None

Closed positions

Yesterday was a quiet Monday, the only movement was on the GBP/USD towards the Brexit. My London trade lost 29 pips while the New York trade closed today for 40 pips profit.

The trades were mostly based on pure price action and support / resistance lines. 

In my sight

GBP/USD

CB Consumer Confidence

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October 14th, 2019

Fundamentals

As you can see there were no high impact events today at all but I decided to trade the GBP/USD during the New York session due to that reason (full article will be published soon):

“You ideally want to trade in the direction of the long-term trend, so let's take a real-life example – the GBP/USD.

The long-term yearly trend has been upwards so we ideally want to find positions where the EMA (15) has been heading downwards for a few days and watch for a change in direction, so we're trading in the direction of the long-term trend.

If you look at a 30 minute chart of this pair for this month (October), you can see three obvious instances of this happening.

The first instance was between 3/10 and 4/10 when the price fell from 2.0440 to 2.0280 before bouncing back and heading upwards again. The EMA (15) started heading upwards as well between 2.0310 and 2.0320 and there were plenty of opportunities to trade close to this EMA to get maximum value (sometimes the price blasts through the EMA without retracing, making it hard to get any value from the trade).

As you can see, this upwards trend continued until the price reached a peak of 2.4030 so you could potentially have made a profit of 100+ pips, but even if you'd held out until the EMA (15) started heading downwards which was confirmed around about the 2.3080 mark on 5/10, you could still have netted about 70 pips profit.

Similar set-ups occurred on 9/10 when there was another 100+ point reversal, and on 12/10 when there was a slightly smaller move, so as you can see there are always good opportunities to trade this one indicator alone and make pretty good profits.”

Open positions

None

Pending positions

None

Closed positions

GBP/USD won 50 pips. Read above to see a part of a new article which will be published soon. 

In my sight

Looking for more pips tomorrow! 

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