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Community Blog
AUDUSD-Short
Hi,
According to yesterday's trade-analysis, I placed a short order in the morning. It is late in the evening here, still the price is stalling around my entry, but better to wait and see.
According to yesterday's trade-analysis, I placed a short order in the morning. It is late in the evening here, still the price is stalling around my entry, but better to wait and see.
Market uncertainty
political uncertainty and weak job market in the US call for a safe heaven currencies strength. the price action on Monday with a morning gap in EURUSD and USDJPY provide a hint that a furher decline of USD against EUR and JPY is possible. EURUSD and USDJPY could retest 1.2 and 108.5 respectively in the coming days
Will Belarus Be The Next Ukraine For Russia?
While periodic anti-government protests are met with a strong security response, regarding Belarus’ relationship with Moscow, the weak status of the opposition and the economic interest found in maintaining the status quo indicate the country is likely to remain politically stable under the current government.Between February and March of 2017, Belarus experienced a wave of public protests linked to social discontent, sparked by the government’s attempt to implement a new tax known as the “soc…
22 JAN 17 | AUDNZD TRADE SETUP
Hello fellow community members,
Today I am here to share a trade setup that I have spotted in the AUDNZD Daily chart. The pair has successfully closed the week above the falling trendline resistance. So it seems just the beginning of a long-term uptrend.
AUDNZD DAILY CHART
The idea is to buy above 1.0572 with a stop below the rising trendline and profits may be taken near 1.0750 levels.
Happy trading to all.
Today I am here to share a trade setup that I have spotted in the AUDNZD Daily chart. The pair has successfully closed the week above the falling trendline resistance. So it seems just the beginning of a long-term uptrend.
AUDNZD DAILY CHART
The idea is to buy above 1.0572 with a stop below the rising trendline and profits may be taken near 1.0750 levels.
Happy trading to all.
My Trading Plan for 16 November 2016
My Trading Plan of the day 16-11-2016
Currency Pair
Eur/Usd
Today I like to buy this pair @ 1.0739 my stop loss for this pair today is 1.0730 & take profit for this pair is 1.0755
Usd/Jpy
Today I like to buy this pair @ 109.03 my stop loss for this pair today is 108.82 & take profit for this pair is 109.12
Currency Pair
Eur/Usd
Today I like to buy this pair @ 1.0739 my stop loss for this pair today is 1.0730 & take profit for this pair is 1.0755
Usd/Jpy
Today I like to buy this pair @ 109.03 my stop loss for this pair today is 108.82 & take profit for this pair is 109.12
And so, today we vote!
Today the US elections are underway
Curious fact:
source: forexlive.com
Those are the first results, so we are underway
I plan to wait for the Florida votes to come in - if Florida goes …
Curious fact:
Polls have opened in Dixville Notch in New Hampshire - A small mountain town just south of the Canadian border
And that's Dixville Notch voting finished.
(There has been early voting underway for weeks, but these are the first election day votes).
- Clinton: 4
- Trump: 2
- Johnson: 1
- Romney: 1
And that's Dixville Notch voting finished.
(There has been early voting underway for weeks, but these are the first election day votes).
source: forexlive.com
Those are the first results, so we are underway
I plan to wait for the Florida votes to come in - if Florida goes …
USD JPY Support area and trade plan
The instrument is sitting on a important support/resistance area. See the daily chart:
Holding here could mean a few weeks recover to get back higher near 110 or even lower.
Problem is about the current situation where fundamentals could cause a support breake to visit the whole area where found important bullish support between 101 and 106. In the next chart drawn by the retangle
Plan is to keep looking for buy opportunities as long as the support will not be clearly broken.
If market will dec…
Holding here could mean a few weeks recover to get back higher near 110 or even lower.
Problem is about the current situation where fundamentals could cause a support breake to visit the whole area where found important bullish support between 101 and 106. In the next chart drawn by the retangle
Plan is to keep looking for buy opportunities as long as the support will not be clearly broken.
If market will dec…
NZDUSD trade setup
NZDUSD is fighting back against short fiercely. It lacks a momentum to continue a move down. RBNZ clearly advocates for NZD weakness. The reaction on RBA statement by AUD was neutral as expected. In many cases traders fade out such announcements which can happen to AUD today. This will drag NZD into a freefall. The chart of NZDUSD shows a sideways movement in the recent days. The currency pair needs to breakout strongly above 0.655 to create an upside bias. With the spikes on H4 charts and a ret…
Analyzing Past Trade and Prepare Trade Plan for Future
These low liquidity market conditions at year end are perfect opportunity for any trader to reassess his/her trade plan and review past trades and analyze, as to how they could improve and become profitable and achieve their weekly, monthly, yearly goals.
I usually review my trade plan and analyze my trades on monthly, quarterly, yearly basis to identify my weaknesses and strengths and whether I learnt from my past mistakes or am I repeating same mistakes again and again.
Mistake:
"We all make t…
I usually review my trade plan and analyze my trades on monthly, quarterly, yearly basis to identify my weaknesses and strengths and whether I learnt from my past mistakes or am I repeating same mistakes again and again.
Mistake:
"We all make t…