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Dollar Up & Down – What Now?

Strange price action in the last 24 hours: first the dollar was up, then down but eventually closing the day with gains. Recent price action has a lot to do with equity markets which are getting spooked by the possibility of a faster than previously thought rise in interest rates in the US. Yields are also going up like there’s no tomorrow, hitting multi-year highs. The FOMC Minutes induced storm has past – what now?
I think now back to the “normal” trading, which means that dollar will keep mo…
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Dollar Up in Quiet Trading

The US dollar is a bit up in a quiet and uneventful trading in the last 24 hours. USD\JPY went as high as 106.75 at the beginning of Asian trading session, and both euro and the pound have given some ground to the greenback.
I’m waiting for the volatility to pick up when London opens and hopefully we’ll some some spikes up on EUR\USD and GBP\USD charts – high enough to fill my orders. At this point in the contest I’m trying to be extra carefully, as I can probably get one of the top position wi…
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13,11,2017

Jak na razie luka spadkowa po weekendzie nie do zamknięcia, dla kursu GBP]USD.Na wykresie 4-godzinowym widzimy pogłębienie spadków do poziomu 1,30617.Przewiduję korektę wzrostową,
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My Euro & Pound Positions

Since the beginning of this month's Trader Contest I've been trading mostly GBP\USD and EUR\USD and going nowhere with them. I still believe that GBP is due for a big fall but the question is when this is going to happen. Euro is clearly trading against its major trend, so each time it goes up I try to get on with a short position which later gets hits a SL or brakes even. I guess I should have traded euro long from the start but it's so hard to take such decision, given the fact that it has a h…
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GBP\USD Short

Yesterday, I entered on GBP\USD short at 1.5576 which proved too early as the part managed to go to 1.5619 level. I'm still convinced that the pound will depreciate and my PT target is either 1.5330 or 1.5270
I was also short on EUR\USD with had a good 80 pip profit over night but all that got erased and it closed at a break even level 1.1037. So far the advanced have been capped at 1.1049 but maybe there is a possibility for it to go as high as 1.1080. I still don't see anything above 1.1100 l…
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Next Week Trading Plan

Well, this is not a complete plan but rather ideas which I will try to implement depending what the market does early next week.
EUR\USD:
I would like to sell the pair at 1.1050-84 with a stop loss at 1.1150. I just don't see any conditions that would let euro rise above SP levels. The take profit level will be ether 1.0850-20 or if there is a violent, sudden move down perhaps even 1.0707
GBP\USD:
I really, really want to get short on this at 1.5550 but I have some doubts if it can go up as …
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3 Wishes for Monday

1. EUR\USD goes up to 1.1240(short entry) and drops to 1.1120(my exit)
2. GBP\USD continues to 1.4990 where I put TP on my short position I started last Friday
3 That my EUR/GBP long reaches TP @ 0.7440. Then, when it drops down to low 0.7400 I would like to go long again with a larger position hoping for 0.7500
Good Luck to All.
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торговая идея

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Next Week Predictions

My favorite to trade pair predictions for the first week of February ending on Friday the 6th are as follows:
EUR\USD
- hitting high of 1.1420 level first
- ending the week around 1.1150
GBP\USD
- run up to 1.5108
- ending the week around 1.4860
USD\JPY
Ranging between 117.40 & 118.60
If it breaks 118,60 level, it will end the next week around 119.70-80
USD\CHF
- down to 0.9165
- ending the week around 0.9385
EUR\JPY
- up to 134.00
-then down all the way to 130.30
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JuliaBF avatar
JuliaBF 31 Jan.

good job! thanks)))

piter44 avatar
piter44 31 Jan.

trochę się już martwiłem o Ciebie jak widziałem ten spadek w ostatnich dniach ale końcówka ładna. Gratuluję.

JonSnow avatar
JonSnow 31 Jan.

Dziekuje.

WhiteFalcon avatar

good work

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GBP\USD Head & Shoulders Pattern

GBP\USD is in the process of forming a head and shoulders pattern in a 15M chart. I'm actually on that trade hoping it is going to go down to at least 1.5057 level and possibly it will break that support.
We rarely see such clear chart formations.
I just hope it will fully develop. It could illustrate a Forex text book.
Have a look for yourself!
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