Leetrader

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About me Following an 18 year career in professional football, Lee Sandford has traded for nearly 20 years (full time for 16 years) and earns his living predominantly as a trader. A qualified MSTA, CFTe.
Joined England www.tradingcollege.co.uk
Day trading FX
Markets Allocation
86 % forex 14 % indices
Top Mentioned Symbols
EURUSD 25% | 2 GBPUSD 25% | 2 GBPJPY 12% | 1 DAX 12% | 1
Leetrader Leetrader GBPAUD, 1W, Short ,
GBPAUD: GBPAUD short idea
19 0 0
GBPAUD, 1W Short
GBPAUD short idea

Here is a market that I like for more downside. We have broken the bullish channel and now it could be time for more downside. Our PTS signal is now confirmed short on the Weekly chart.

Leetrader Leetrader GBPUSD, 1D,
GBPUSD: GBPUSD
9 0 0
GBPUSD, 1D
GBPUSD

Continues to fall as we see the Dollar index in the wave 5 zone. Be aware of some bullish divergence down at these lows on Cable. We have seen may time divergence fail but it always good to keep an eye on this.

Leetrader Leetrader GBPUSD, 1D, Long ,
GBPUSD: GBPUSD
37 0 0
GBPUSD, 1D Long
GBPUSD

GBPUSD is doing the same as the EURUSD looking for some more upside today and tomorrow but the price will soon reverse with a PTS sell signal. We have a Brexit vote today at 3pm so that may put some fuel in the tank. However, it won't last long as I'm looking for more downside in the coming days/weeks.

Leetrader Leetrader NZDUSD, 1D, Short ,
NZDUSD: NZDUSD wave signals
26 0 0
NZDUSD, 1D Short
NZDUSD wave signals

I don't normally trade the NZDUSD but the chart looks very clean we the Pro-Trading System on it. Started to nibble on the short side today. I know the Dollar is playing out a 4th wave retracement and so we should be seeing the NZDUSD pushing higher but, we are I think this could be a good area to enter. Stop placement wouldn't be so far away and the reward would ...

Leetrader Leetrader GBPJPY, 1D, Short ,
GBPJPY: GBPJPY retracement
114 1 0
GBPJPY, 1D Short
GBPJPY retracement

As you can see from the chart we have rallied to the 148 area where we meet a trend line starting from the middle of April. This is an easy 20-50 day trade. The weekly timeframe is retracing back to the the 20 and 50 ema so we could see the GBPJPY stop here and makes its next wave lower. The 4 hour chart is extended and maybe a good place to short.

Leetrader Leetrader EURUSD, 1D, Long ,
EURUSD: EURUSD wave 4 pullback continues
37 0 1
EURUSD, 1D Long
EURUSD wave 4 pullback continues

We are looking at a wave 4 pullback in this 5 wave decline. We should see prices get to 11800 and possibly 12000 before we roll over and make our 5th wave. The dollar index support sits at 9241 so we will be setting up shorts on the EURUSD if the dollar gets here. Update 5.30pm - EURUSD has a nice pop higher from 11660 to 11720.

Leetrader Leetrader DAX, 1D, Short ,
DAX: Dax ABC or 4th Wave pullback?
39 0 0
DAX, 1D Short
Dax ABC or 4th Wave pullback?

A strong move higher on Tuesday morning brings this chart into a very interesting daily resistance zone. If we believe the 5 wave sequence is complete then we should push higher into a wave B. The B wave attracts the last of the bulls who will soon be disappointed as price fails to go higher and then rolls over. Today we are seeing a brand new buy signal on the ...

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