Over 20 years in trading
After the gold buyers have reached weekly MA100 and strong resistance at 1195/1200 on February 08., four days latter they have manage to break true the same and reached 1205 at first > 1210 latter during the Asian sesion, after which thay have build the new support at 1205 and continue to push higher in the European sesion, all the way
Read moreI will try to take this reversal at EUR/USD today. You can see the exact process of my entry, protection and how I see the furder development here. It’s not easy to trade this, let’s see how will ended? I will move my SL by steps as I have pointed in my chart, the first one is already done. These steps are
Read moreIt’s always something, right!? Well, this time the term ‘Brexit’ is scary for the Pound as the term ‘Grexit’ was for the euro last year. Sure you’ve heard about the possibility for the Britain to leave the European Union and that is why the Pound can’t recover versus US dollar which is weak for days versus other currencies in the market.
Read moreAfter few days of the consolidation in between 1.1100 and 1.1200, the euro is marching up again. The bulls are showing the will to go even higher and if this resistance at 1.1300 breaks, the next target for the buyers could be 1.1500 > 1.1700. I have pointed in this possible channel in my previous EUR/USD analysis and for now, the
Read moreThe gold price was near weekly MA100 last time in January 2015. In my previous gold analysis, you can see that I have targeted this level, step by step with start at 1045 > 1080 > 1195 and here we are today, with high of 1199 for now. Almost connected with weekly MA100, there is strong down trend line near as well,
Read moreEUR/USD is falling today because of the US unemployment good numbers from Friday and the US dollar buyers are little relieved in the beggining of the new week. Let’s see how and were will technical levels hold the fall and can the buyers remain in control after the last beautiful week for them. I have lowered my first support at 1.1015/45 from the last
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Each winner trade is good, but you’re winners must be bigger then you’re losses. I don’t mean in total, that’s understandable, but you have to set you’re targets at least at RR 1:3. Cut you’re losses if you’re not sure in you’re position!
Read moreHow much we lose when we are wrong, that is the most important thing in our decisions. I usualy said, cut you’re losses quickly and let you’re profit runing, but it’s not so easy to admit you’re self that you’re wrong, right!? Well, you must do that and with no delays. For so many times in my forex career I’ve made mistake by
Read moreDespite the US dollar strenght after the data, the gold bulls remain in control. Sure, the gold felt the market undecided moments as well after the data. At first, you can see that the gold price reached my predicted resistance at 1160/65 and after the US unemployment data fell to the 1145 support, the previous resistance from February 03., after
Read moreYou’ve probably watched the NFP and US unemployment data today and it’s possible that you’ve been confused as well. After the NFP was way bellow the expectations, 151K vs 190K, the unemployment data shows fall bellow the 5,0% at 4,9%. The market was undecided where to go and even the first reaction was US dollar weakness, the same returned the strenght
Read moreThe US dollar crashed this week ahead of the todays US Nonfarm Payroll data, mostly on New York FED President Dudley’s speech. He said that financial conditions have tightened since December’s decision. He also said that continued tightening on conditions would weigh on the FED. That’s why the market is expecting delays of the furder tightening, selling the US dollar
Read moreAfter the buyers have broke 1135/40, as I pointed in my gold analysis from February 02. the gold bulls will try to reach higher levels toward 1160/65 > 1190 and that is exactly what is happening now. 1140 provided a solid support today and the gold is heading toward next resistance levels, or like I would say in the days
Read moreUS dollar index have reached 96.30/50, in my point of view very important technical level. Possible break of this support will lead to more loss in the coming period and it will be hard to cover the loss after. For now, the US dollar sellers are serious all over the market, but be aware of this level if you are on the sellers
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