19 years in trading
I wrote in my last article that I will try to catch a trade worth to risk in theese days of high volatility and here I am, already out with +633 pips and +55,8K euros trade, after only three days! I will try to describe this trade best I can, but as you can see in my chart, I have pointed
Read moreI will try to take this reversal at EUR/USD today. You can see the exact process of my entry, protection and how I see the furder development here. It’s not easy to trade this, let’s see how will ended? I will move my SL by steps as I have pointed in my chart, the first one is already done. These steps are
Read moreBased on my gold analysis from the previous days I will present my trade as well today. This is intra-week trade and I will keep at least until the end of this week, maybe more if everything will be acording to the technical prediction. I have opened long position at January 05., after the gold broke this down trend line and here we are
Read moreI didn’t show you my yesterday’s stop loss at gold, you know the reason why. Let me show you today, how and why that happend. As I wrote in my entry analysis, gold was well supported between 1206/08 yesterday with intention to go higher and to try attack on the Daily MA100 and 200, which was placed at 1211 and 1215.
Read moreAs you can see, the gold fell down true the trendline and H/1MA200 but support hold for now. My SL is placed at 1203 and if this support breaks, it could be hited! I will not change my position or move my SL lower. In about 10 minutes US Jobless Claims data is coming up, that will probably be ‘the trigger’ for
Read moreIt’s a pity that my buy limit wasn’t ‘caught’ yestreday after FOMC, the pair rebouded nicely today with high of 1.1180. I will cancel my order now, while I have another position open at gold. You can see, that 1.1140 supported the euro today at smaller time frames, but not at H4 for now. Could the bulls hold this level now?
Read moreGold 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 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 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 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 more
Forex Trader 