Over 20 years in trading
My 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 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 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 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 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
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Forex Trader 