Over 20 years in trading
My 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
Read moreI will try to trade EUR/USD today. Based on my analsis from this morning, after this decline I decided to wait and enter long here at 1.1196. SL is placed at 1.1170 for now. Let’s try to take this possible fully return up. First resistance on the way up is 1.1215/50, the previous support from May 12./13., there is H4/MA100 here
Read moreI wrote in my EUR/USD analysis from May 14. that 1.1380/450 is the sellers teritory. Here we are only few days latter, the pair broke true the first support at 1.1280 easy after the ECB’s Coeure talk and reached 1.1159 low for now. Decline has stoped with Daily MA100 for now, support and buyers are waiting at 1.1060/130. Could that level
Read moreUS dollar recovered strongly today vs Canadian dollar and holiday in Canada maybe helped!? You can see that the pair has reached resistance from May 07./08./11. at 1.2150/65 today with gain of 150 pips for now. Can the pair brake that and continue pushing toward 1.2350/400? Above this resistance, there is another at 1.2180/200, the resistance from May 01./04. and
Read moreBut sellers are serious here as I wrote in my yesterdays EUR/USD analysis. Well, bulls are serious too and as I see it, this level could fall at the end of the day. I wrote that this will be the hard batlle here and you can see it is for now. Another resistance is waiting above at 1.1500/535 if 1.1450 falls.
Read moreGold is breaking true the daily MA200 today, 1220/23 resistance as well. High for now is 1227, but 1238 could be the next target for the bulls, even the US dollar is slightly recovering in the market. As you can see, 1240/45 could be stronger resistance here, but I like to call those levels as targets when bulls are in
Read moreEuro continues winning series and it want’s a higher levels, but here is the sellers teritory now. Even the euro looks bullish enough for brake true, I don’t see that as an easy move and we could see a hard batlle in the upcoming days. This level is important for both sides because, brake true will lead euro toward daily MA200 and
Read moreI decided to close my trade at my previous and first target, 1215. I am out at 1213.42! There is no point to risk my huge 247 pips trade/gain any more, it’s only one day trade! While I am writing this, I see that gold bulls are trying to brake 1215 like I wrote they will, but hey. There is two
Read moreUS 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 moreAfter the huge fail weekly brake at the end of April, begining of May the Pound is unstoppable and it almost reached the 50% return from the huge GBP/USD fall! This level looks like sellers teritory now all the way to the 1.5900 and it would be interesting to see now, how will sellers react on this huge gain. Elections boost
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
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