Over 20 years in trading
Gold sellers pushed the precious metal true the ‘August support’ at 1330 and they have reached 1324.84 low for now. Is this break? Depens on wich level gold will close the day and that’s why I have wrote fall, not break. Looks bearish after breaking of the H4 simetrical triangle two days ago on wich I was pointed here in my gold
Read more
It’s interesting to see my EUR/USD analysis from Thursday August 18. and my comment on possible SL hunting above this strong trend line, which was holding the pair before and after the fail break, but not for that several hours of fail. Was that SL hunting or something else it’s irrelevant, but the real break missed and the pair returned on Friday
Read more
Gold traders are relentless in August with sharp and quick turnovers, but when you see my analysis on H4 chart, you can see how they are moving the price precisely in between the simetrical triangle and SR levels. On the down side, up trend line is the place for the buyers and on the uper side, strong resistance at 1357 and down
Read more
As you know, my main tool for the analysis and trading are trend lines as they are are playing very important role in the future moves. You can see on this chart that the trend line from December 2015 (1.0500) is holding the pair on the way up for 3rd day in a row at 1.1320/40 level. That’s why you
Read more
While FED’s Bullard will have speech in about 5 minutes, we are expecting the FOMC minutes latter on. We will probably see the ’empty talk’!? I still don’t believe that we will see a clear guide to the future US interest rate policy after today’s release, but it could be interesting moves in the current nervous market in August. This release could be
Read more
According to Sunday Times, Britain could remain in the EU until late 2019, almost a year later than predicted, ministers have privately warned senior figures in the City of London. Theresa May has been expected to enact article 50 in January, setting in train the formal two years of negotiations before Brexit. Despite great political pressure to stick to that timetable,
Read more
It’s interesting to see how long the consolidation of the main currency pair is. To be precise, from January 18.2015 after the pair reached the exact level where it is today, near the 1.1200. There was some downs and ups as you can see, but we can conclude easy that there is no long-term trend for the past 16 months in which
Read more
I hope that you’re aware that this is the most important issue when you decide to trade forex long term or when you already trade and lose the money quickly! Why? Bigger leverage is, bigger risk is and it’s easier to lose or to ‘burn’ your entire account. If you have laverage of 1:500 or more, you can easily lose your
Read more
How much you have paid the ticket for this ride? Well, if you traded USD/JPY or JPY with other currencies last night, you have certainly paid this ride too much, right!? Take a look at my 5 minute chart how this was dangerous to trade and that looks even more frightening if you take a look at the 1 minute chart.
Read more
I start to write my blog in November 2014 and until today I wrote 722 posts in total here. My blog have more 130,000 views in total from 140 countries, from wich 48,587 in 2016. On February 26.2016, there was a record with 1,490 views in one day, wow. But, as I have too much obligations lately, I have decided
Read more
Don’t think that you can make money on forex after a several sesions of education. You will learn how to analyse and how to trade. But, earning money requires a lot more effort than a few hours of listening to teachers. After proper education be prepared for a long process of gaining experience, which will help you to make an important
Read more
When I say this, then I definitely think exactly what it means. For you as a trader, there is so many factors which are important for you’re performance and one of the most important one is you’re felling or sentiment. If you ‘feel the market’ and you have a great analysis, set up’s and market is ready to make a move, take all
Read more
The last few days have been very interesting for me, during which I finally and successfully arranged a business deal I sought for years. I can finally relax and spend some free time on the beach with my family and friends. I will trade, but I will take a break from writing the blog for 15-20 days and then I will see if I will have
Read more
Forex Trader 