Over 20 years in trading
Gold is stuck between 1208 and 1212 after FOMC. I decided to try with long now, this is why. You can see the support at 1208 is hold on the way down for now, H1/MA200 is here too, up trendline as well. Resistance at 1212 is holding on the way up and that’s Daily MA100 what is the ‘problem’ for gold in
Read moreFOMC minutes coming up in about 30 minutes, 18:00 (GMT). What to expect? I am not expeting anything dramatic today. The members will probably talk about Q1 growth slowdown and that could be challenging for the USD today. What about rate hike? There was speculations about June rate hike, but the members didn’t confirm that in the previous meetings. As I see it and I
Read moreEUR/USD is still bearish, but I decided to close my short at 1.1085! I took 50 pips in this short and that’s exactly how much I will risk in my setup from this morning. Why I close this short here? Well, as I wrote this morning, this is the buyers teritory here at aprox 1.1060 and, as you can see, I
Read moreAs I pointed at my trade, 1.1090 supported the pair and euro jump up to 1.1110, but there is two lines and resistance which is holding on the way up and that’s why I am still short. Let’s see could this minor support at 1.1090 be attacked one more time? One of my friends notice here a possible H&S and he
Read moreBased on my previous analysis, setup and expetation, I am short in the EUR/USD now and I will try to take this trade. You can see why I opened my short here at 1.1135, with tight SL, moved now at BE after the pair broke 1.1120 again. Market is nervous in the expetation of FOMC today, anything could happen. It
Read moreI will be patient today and wait with my long under the 1.1060 support. As you can see, 1.1120 has become resistance after the pair close H4 candle bellow, the level has been tested for several times during the morning. EUR/USD is showing a little bullish momentum at the smaller time frames (M15, M30, H1), supported with up trend line for
Read moreThe euro can’t catch a breath! The bears are too serious and they have reached 1.1060, my predicted ‘last important’ support at EUR/USD. As you can see, this level stoped the fall for now, but what next? Could this pair continue this fall furder? Well, 1.1130 is broken, but it’s not confirmed. H4 candle could close above and that could
Read moreI hope that you saw the way I protect myself today from too big loss. Yes, I am using stop loss (SL) and yes, I am happy about that. Why? Well, you can see in my first EUR/USD trade that the price went 40 pips lower after my SL was hit. I have enter in that trade with 0,5% risk of my
Read moreI am busted for the second time today, my SL is hited here too with 50 pips loss, or 0,9% of my capital. Well, what can I say, it’s not my day and it’s time for me to relax and wait another day. I lost 75 pips today in total, or 1,4% of my capital which is aposlutely normal for
Read moreAcording to the Forexlive and Adam Button, a speech from ECB’s member Coeure, which sent the euro more than 1.5% lower today, traders in London had a day earlier!? “This was an evening speech under the Chatham House rule, which wouldn’t normally be published. In this case the intention was to publish the speech at the time it was delivered, but ‘an internal procedural error’ meant this
Read moreMy buy limit at gold has been activated at 1213.15 with protection (SL) at 1208.02. This is my another trade today with 0,9% risk of my capital. You can see why I placed my long here, based on the previous resistance and support at this level. I didn’t set my target yet, let’s see how will things develop at gold
Read moreMy SL is hited at 1.1170 with this last decline, I am out of the trade. This was a hard batlle at 1.1180 but unfortunately, US hausing starts data report boost the US dollar one more time and the pair fell at the new day low, 1.1138 for now. Could this fall continue furder? It seams it could, but watch this
Read moreSellers have taken over the pair at 1.1215/20, I pointed that level at my entry, let’s see could buyers turn up again. Like I wrote before, H4/MA100 is placed here at 1.1200 as well. 1.1180 could be the support if the pair fell lower. It’s interesting for sure. My SL is in danger now! I will leave this trade and I
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