Over 20 years in trading
All facebook likes disappeared from my articles until January 08.? I had an average of between 15 and 20 likes per article and much more on the other navigation sections, about me and my fx strategy, whis is now zero!? I can’t find an explanation of what happened and maybe this is not so important for me, but sure looks strange and
Read moreDuring the Asian sesion USD/JPY find support at 118, previous support from January 06. and after Europe opening, push strongly up at 119.30 where the pair find solid resistance. On the way back down, minor support could hold at 118.80, lower at 118 again. Watch these levels and trade carefuly because this coud be a roller coaster again.
Read moreI have already wrote about this at January 08., after the pair broke 1.4600. Today, the pair slide to 1.4365 low and rebound after touched the outer trendline. Furder moves between 1.42 and 1.46 could form a right shoulder and complete the H&S here. Take a look this levels and follow furder developments at this pair.
Read moreIf you want to open the position in the FX market, you have to take a risk, same as you must have the potential target, or profit level. That’s why, the Risk/Reward ratio is one of the most important things in FX trading. Which one to use? There is an unwritten rule about this and certainly the most common ratio that
Read moreWith solid support above 1205, gold is steady after NFP and want’s to go higher toward 1235! Down trendline at 1220 holds for now on the way up, 1223 is next test if trandline brakes, the previous resistance from December 16. and January 06.
Read moreFirst, take a look at very interesting monthy chart. AUD/USD broke previous support and low from May/June 2010. at 0.8060/80 and find a new low at 0.8033 fow now. As January is just started, we can’t see is this brake or fail for now. Let’s take a look the pair at smaller H4 chart. As we can see here, the
Read moreEuro falling sharply despite Aussie and already lost more then 70% of November 24. –> December 17. gain. 1.4600 is important level for this pair and daily close bellow could become a strong resistance level again. If you look carefully this chart, you can see possible H&S formation, but with such a bearish euro everything is possible, even 1.3800 as well. 1.4200
Read moreLet me show you and explain my 200 pips golden trade from January 05./06. Maybe you can apply this strategy in your next trades. After gold didn’t manage to brake H4 MA100/200 in the morning i knew that gold will pull back and try to find new lower support level from where will bounce up again. That level was 1187/88
Read moreI wrote about that level in my previous EUR/USD analysis from January 02. Psychical 1.20 level stoped the euro fall at Friday but the pair opened this week at 1.1936 with 70 pips gap. In the first minute of trading EUR/USD catch 1.20 and return again at 1.1930! Wow, that was the Asian low volatility move! After that the euro manage
Read moreIn my GBP/USD analysis from November 13. I was pointed 1.5700/30 as an very important level for the pair and as I wrote then at my weekly graph, if 1.5730 broke, that level will become a strong resistance area for the pair. So it was! After the pair broke that support, pound tried to recover for 5 weeks, but it didn’t
Read moreAlthough it seems that there have been major fluctuations in the price of gold in 2014. the price per ounce fell only 1,7%. Gold was opened the 2014. at the level of 1204 usd and close the same year at 1183 usd. The highest price of the year was 1392 usd and the lowest price was 1131 usd, what was
Read moreHere is sharply started the new year with 1.20 in danger! EUR/USD opened the 2015. at 1.2103 but already brake the previous support from July 2012. at 1.2042, with low of the day at 1.2020! First support is psychical 1.20 and bellow that is technical stronger support at 1.1875, support from June 2010. Interesting begining of the year, that’s for sure!
Read moreGold opened the new year at 1184 usd. Loking bearish the first day of the year with low of the day at 1167, brake the previous support from December 22.,23.,24. and in these moments hold at 1170. This is weekly chart and this could be the fail brake, but it looks like the gold is aiming the daily up trendline ‘2014.
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Forex Trader 