Over 20 years in trading
It doesn’t matter if you use lines of support or resistance, if you use up or down trendlines, ‘their beauty’ lies in simplicity of use. You can see in my analysis and trades, that my most common tools are exactly those lines! There is so many tools in my platform, most of them I tested but some of them I
Read more…I closed my positions way to early! Sure, this was not mistake because I made a 200 pips profit, but I just want to show you how one moment and a few pips can unbalance you and create doubts in your trade. I opened my first long at 1.1125, after the market was open and failed to brake previous low from
Read more1.1220 supported the pair over the Asian sesion and the pair pushed strongly up this morning, braking the 38.2 fibo retracement from the ‘QE decision fall’. I cant find the resistance at that level and possible reason could be 300 pips up/down move on the EUR/CHFpair!? At this moment, technicaly it’s not clear to me to see the next possible move? After the
Read moreGold reached 1307.50 high last week after the QE from ECB, but the move wasn’t strong enough to branch that level 1305/07. Weekly MA100 at 1309 remeined untouched. We can see, that Greek elections didn’t impact on gold as well and gold declined today at 1277. Could this move down be the profit taking and could the bulls stop this fall
Read moreOn Friday, EUR/USD finaly find the buyers at 1.1114 level after which they pushed the pair up to 1.1288, where the bears stoped them and return the pair again to 1.1207, where the pair close the previous week. EUR/USD didn’t manage to cover 38.2 fibo retracement from the ‘ECBs QE decision fall’ which was started at January 22. from 1.1637. Greek elections
Read more…if Euro area inflation aproach to 0%! In December 2014. inflation fell bellow zero, to -0,2% and in this week, Mr.Mario Draghi (ECB) ‘fire up’ the 1.1 trillion euros QE in total, ie. to buy 60 billion in sovereign bonds each month until at least September 2016 . They decided to do everything in order to boost Euro area recovery, with the main objective
Read moreIt looks like that free fall of the EUR/USD will never stop!? This monthly chart shows that there is no mayor support until the 1.0750-1.0800!? Is there any euro buyers before that level? Who knows, it looks like there is no buyers at all here!? Free fall could be continued furder toward this levels, whatever that looks impossible. Euro is heavily
Read moreAfter the ECBs QE action, EUR/USD broke previous low from January 16. at 1.1459! Could the pair stop here or will continue to fall toward 1.1376, the low from November 2003.? The pair is looking extremely bearish at the moment, but bulls are fighting to defend this level. Interesting day for sure.
Read moreAfter the 1.2 trillion euros ‘QE rumor’ was out from bbg, I decided to trade EUR/AUD and took 167 pips at the end of the day! I waited for the market to settle down and digest the news, find the entry level at 1.4161 and protect the order just few minutes latter at +25 pips. 1.4210 was important support level
Read moreSilver manage to catch a very important level, previous strong support from June and December 2013. and from April., May., June 2014. – 18.20/60! This level should be a strong resistance, but silver is following gold on the way up and, if the bulls could broke this resistance, it could become a strong support again. Interesting days are coming up,
Read moreFinaly, we could see some technical clear levels here. Based on this M30 chart, we can see that 0.9730/50 is possible stronger support for the pair and 1.0220/40 resistance for now. That’s not small 500 pips range, but for sure is something we could take as a relevant technical points for now, after the smash what was made by the ‘SNB cap
Read moreI was pointed at this levels in my yesterdays EUR/USD analysis. 1.1635/40 still hold the pair on the way up and for now 1.1570 on the way down. The pair is looking neutral today, looks like consolidation ahead of ECB Thursday decision. In a case of furder stronger decline, 1.1460/70 could support the pair.
Read moreAmaizing gold trade today, with very low -30 pips risk and 200+ pips target, closed just bellow my TP. This was 1:7 RR ratio setup, with entry at 1273.37, SL at 1270, TP at 1295.00. I decided to close the position at 1291.13 after my TP was missed for only 2 usd or 20 pips. It looks like that target
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