Over 20 years in trading
US retail sales data pushed gold true the 1200 resistance and reached 1206 high for now. There is minor resistance here, but bullish momentum could countinue here and higher levels are possible. That’s why I moved my target to the higher level at 1222, but I will watch carefully this 1207 level, 1215 when and if the gold came there and
Read moreI decided to protect my position with BE now. Why? As you can see, 1191 level provides a solid support today and as I see it, possible fall bellow could put my SL in danger at 1185. That’s why I don’t have reason to riks my trade any more. During the Asian sesion, gold didn’t move much, hold on the way
Read moreBased on my previous gold analaysis I waited for possible entry and after this decline I placed my long at 1188.75. Position is protected with SL at 1185 for now. As I wrote before, H4/MA200 stoped the precious metal on the way up, where sellers have taken over the gold, and push the price down to 1188. You can see
Read moreI decided to close my ‘NFP short position’ before few minutes! Support at 1.1135/40 looks to strong for me and I will not wait any more. Is there possibility to reach my predicted target at 1.1080? Possible, but I will not put in danger my gain furder. The pair is still bearish, but as I see it, turnover is possible here
Read moreHere we are, the second day of my ‘NFP position’ here. As I wrote in my previous article, level aprox 1.1178/83 will be important for the furder development, so it was until now. During the night, the pair broke that support which has become resistance now with high of 1.1195. Like I said, down trendline pushing the pair down as well and
Read moreBased on my ‘H&S NFP prediction’, let me present my EUR/USD short position, which I left opened for the next week. After the NFP numbers were out, the first reaction was opposite and the euro was pushed up to the resistance level, where I have placed my short at 1.1282. My SL at that moment was at 1.1312 because I was
Read moreImportant data from the US Labor market is coming up and this is how I see the possible move here. The pair reached 1.1380/90 yesterday, the level which I mentioned as an possible resistance in my EUR/USD analysis from the begining of the May 07. The sellers were ready there and they returned the pair down true the 1.1280/300 support,
Read moreFor how many times have you wanted to make ‘more’ money, even after a great trading period!? I know I am, for several times in my trading career, especially in the fx market. Well, this is kind of work where such situations are inevitable and greed here is not easy to control. But, it can be reduced! What important is, that you are aware
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Have you ever thought about this? “It looks too good to be true” Sure you are if you have something in your head, right!? To be honest, several of my new facebook ‘FX friends’ spurred me to write this short article. It’s unbelievable how many people is promising easy money by trading forex, but belive me, forex is nothing like that. Forex robots
Read more…about some abnormal levels, maybe it’s time to think about reversal!? It’s not a rule, but I experienced this several times in the market. On my oppinion, everything bad is priced in the euro, but there is nothing bad priced in the US dollar in the past 10 months. Sure, there was a lot of reasons for weakining the euro, 1st rate
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 moreYou don’t know what to do, am I right? At one moment your pair is bullish and going strongly up, few minutes latter everything is changes with no reason and the pair going down strongly, then up again… No worries, that’s normal development in the fx market at the end of the year. Funds and Banks are adjusting and rearranges their portfolios and boosting
Read moreAfter I was made my previous analysis on gold and sow what could happen here today, I decided to trade my favorite precious metal, but after the NFP data. I waited for data to come out and let the market setlle down for a 15 minutes, when I decided to open my long position at 1149. I protect my long
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