Over 20 years in trading
The pair is stil moving true the down trend channel, in wich I have pointed in my EUR/USD analysis from February 19. Well, there is another crisis coming up in Europe, this time with the British referendum. As I wrote yesterday in my article about this, it’s not only a matter of GBP here, the Euro could feel the ‘heat’
Read morePrime Minister David Cameron said he’ll hold a long-pledged referendum on the U.K.’s membership of the European Union on June 23., signaling the start of a four-month campaign that immediately exposed rifts in his Conservative Party. “Leaving Europe would threaten our economic and our national security,” Cameron said outside his official Downing Street residence in London Saturday. “The choice is in
Read moreIf You Haven’t Found It Yet, Keep Looking, Don’t Settle… Never Give Up…. You are going to have some up’s & have some down’s… Many people give up too easy… It takes courage to act…it takes courage to start over… It’s Not Easy, If It Were Easy Everybody Would Be Doing It… I love what I do and nothing gonna stop me on
Read moreUS Consumer price index ex food & energy data for January is coming up in about 15 minutes. The CPI for all urban consumers (CPI-U) was slightly better for December on a sesonally basis and over the previous 12 months. Here are the expectations for January! 13:30 h (GMT) – CPI ex food & energy (YoY) Jan. > Previous 2,1% > Expectation 2,1%! Update: 2,2%!!!
Read moreThe EUR/USD is moving true the H4 down trend channel in the last couple of days while traders are wait fot the US CPI data. In my last EUR/USD analysis from February 17. I have pointed at possible break down to 1.1060/80 and yesterday the pair fell to that level, with 1.1070 low. After the support at that level, the pair rebounded up
Read moreThis is why it’s important to participate in discussions on my blog. In my last gold analysis from February 17. I have pointed that the buyers have took over the precious metal at 1200 and build a strong support at that level. Latter in our discussions in the same article we have predicted the possible development after the FOMC minutes, in
Read more
So many traders don’t want to admit that they are losing money by trading forex. I don’t know why, because losing money in forex is apsolutely normal and it’s a part of this job. But what is important? The important is how much you lose and why? You must detect the reason and fix it in time. I will not write this as
Read moreIn about 45 minutes, at 00:30 h (GMT) employment change and unemployment rate for January is coming up. Employment change from previous -1K is expected to rise from 13K to 15K for January. Unemployment rate is expected to stay at 5.8%. Possible strong moves on AUD pairs expected, watch out. 00:30 h (GMT) > Employment change (Jan)!!! Previous -1K, expectation
Read moreIn about 15 minutes, the Federal Open Market Committee will publish the minutes of its January 26./27. meeting. Market players will be focused on the language, as they will search for clues on whether the FED could hike rates again in the next meetings. Mrs. Janet Yellen is aware of the current global problems, which directly are connected with the US economy and growth and
Read moreFor sure it looks like that after we see strong defend line at 1200, which they have build during the day. Sellers were persistent today as well, at first attacking the strong support zone at 1195 and during the day 1200 for several times, but the buyers manage to defend that level and they have return the precious metal in their
Read more
This is my trading desk and no matter that I use some systems for proffessional traders, all I can say is yes, multiple monitors are very important for serious retail trading as well, especially intraday. For making proper entry or exit decisions. There is so many factors which are important for the market moves, an example such as an equity
Read more
In my yesterday’s EUR/USD analysis I have pointed at the possbile breakout up from the ascending triangle. Sure, I also pointed out the importance of breakthrough the 1.1180/90 resistance at first, but the sellers have decided for break down true the trend line, after witch my predicted support level at 1.1120/30 hold the fall. Well, here we are today at the
Read moreI must analyse gold on smaller time frame now and this is how it looks like at the H4 chart. You have seen my previous analysis and how the buyers have reacted at this 1190/95 support yesterday and early today, but I don’t like what I see now. The pressure on the main support is very strong and possible break
Read more
Forex Trader 