Minor Gains

Minor Gains in London Session: +35pips

Exit before news time at 5:30pm - GBP Retail Sales m/m

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New York opening

Will GBP/USD sustain it gain today? All will depend on the news at 8:30 a.m EST. It may reverse since this pair already peak at R3 or it may hit R4 at 1.6751. Let news make the way!

I don't trade at news time.

Sterling falls sharply after BoE's King comments

Sterling fell to session lows against the dollar and the euro on Wednesday after Bank of England governor Mervyn King said a weak pound would help the UK economy rebalance towards exports. The comments [ID:nBOE002098] came after the latest quarterly Inflation Report showed UK inflation will be below target in two years time if interest rates rise gradually from the middle of next year as financial markets expect. However overall the Monetary Policy Committee saw broadly balanced risks of inflation being above or below their 2 percent target by late 2011, suggesting little immediate need for more quantitative easing.

Courtesy of reuters.com

No valid signal

Mix Signal from my ddfx. No trade for now. Will wait until Europe open.

latest DDFX performance on the GBP/USD

Since 13 Oct 09 GBP/USD has move more than +600pips. We can see that our trading system can give you early signal and it can filter some bad signal.

today i grab >50 pips

today i grab >50 pips based on the myddfx signal.