megajorko's Blog

Avatar

The ADP day

Hello traders,
Currently traders, investors and other moneymakers, are waiting for the ADP employment announcment which means that the market is thin and Volumes are small before the large liquidity inject the market.
Until now we can see EUR/USD has a Bearish channel with a possible reversal, USD/JPY, GBP/USD ( first is up, second has rised during Markit/CIPS and sharply fall afterwards )
Shortly there are a lot of Bulls for USD and only if a worst than expected numbers come the US dollar can f…
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
lubZostaw komentarz
Avatar

The strong magnet

Hello traders,
as we can see the USD/JPY pair is in a tight range since the middle of the year and there is no pattern formed.
The Daily chart:
There were several false Bullish starts and 1 huge drop to nearly 118. After all everything ended where it started.
The picture on the weekly chart shows that after reaching the level 120 there was only noise and nothing more:
So in conclusion I can say only other possibilities:
1) Fed decides to increase the i-rate - USD/JPY probably will go up to…
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
lubZostaw komentarz
Avatar

Monday Range


Hello everybody,
today is usually a ranging day. We have no important news today and we can see that until now the market has reached the maximum of 1.1446 and rocketed back down to under 1.14. The significant support is 1.1362 which I think if broken can give very interesting downtrend but I doubt it, so the possibility is to be attracted to the round level 1.14 with some fluctuations in the opening NY session and 14 GMT when we have the HMI announcement.
For me it is stick to buy support sell…
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
lubZostaw komentarz
Avatar

The Magnet of 120

There is nothing to stop the Range of this pair USD/JPY
Everybody are waiting for the FOMC decision of Mrs Yellen in June to say if they will raise the rate.Presently there is a nice ascending triangle which as can be seen is only waiting for this decision in June.
On the weekly we have a good channel up which is expected but it is extrapolated to the bottom line on the Q3 so it is obvious a nice Range period
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
lubZostaw komentarz
Avatar

The Euro trend

Hello traders and Dukascopy community,
As it is obvious euro started its appreciation after a big rally down.
Today was a good day for euro, because of the bad US readings. This is because of the fears of the US exporters and probably the rate hike of Mrs. Yellen will be postponed.
I have set a good long on euro but closed it too early because I got caught in a big drawdown which frightened me.
Trader must have more confidence when you are sure in your decision and the direction has been confirm…
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
lubZostaw komentarz
Avatar

Range of the euro

I have analyzed 3 similar movements until now in the pair EUR/USD and I see a probability that this will be a same plot as before. The Euro drop was significant and of course it is most likely the fall will continue because the political situation and the ECB statement has loosen the euro to fight the low inflation. But on the other side the US exporter also suffer so the Fed will also try to stop the strength of the dollar and for me we will see a range with undefined sideways (probably between…
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
lubZostaw komentarz
Avatar

Waiting for Fed

Hello traders,
Few days left until the end of the month and today the range is so tight that even for 5 pips you must wait the whole day. The only strong market move was made by the NOK pairs because they have announced a little bit higher unemployment and less retail sales. I think that this will be temporary effect but maybe the resistance (USDNOK, EURNOK) will be broken. This will happen (if so) maybe during Fed minutes after 6 hours.
I can't find a pair which has bigger volatiliy than 0.1% f…
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
megajorko avatar
megajorko 29 Paź

Hm I see a lot of traders mention a dovish Fed statement. It is also the market's sentiment so EUR is climbing, AUD is climbing and even GBP returned to previous levels. Why I am ready for surprises is it because I like gambling but I think even if Mrs Yellen just mention the phrase rate hike increase we will see something extraordinary big. Spike with a huge magnitude :) I am just imaging the picture but this is unlickely to happen

lubZostaw komentarz
Avatar

Weekend first

Hello friends,
Today is the first weekend day for analising what has happened this week and some relax.
This week was very tight range for most of the pairs. Maybe this is the reason a lot of traders including me have made mistakes. I have minimized the risk so the loss was small.
For next week there are a lot of interesting events which include interest rate decision announcements. The most interesting of them is Sweden bank decision which is expected to lower the rate. I hope someone to give c…
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
lubZostaw komentarz
Avatar

The Big day

Hello friends,
Today is the big day for traders which everybody are waiting. First I thing a lot of you have missed the NZD I think New Zealand made a drop in inflation and so NZD has dropped accordingly. I am happy I missed it because I could have entered long NZDUSD.
The most important thing for me is the coming NOK interest rate decision. I am 90% sure that we will have a break of the support USDNOK (and EURNOK maybe) but some how I am afraid of those small 10% which gives the probability of …
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
ilonalt avatar
ilonalt 23 Paź

Have some green pips too!

lubZostaw komentarz
Avatar

Wednesday trading

Hello everybody,
Today I was not risking because I was prepared for some surprises.
I made 4 small bets on EURJPY long, GBPJPY long, USDCHF short and EURUSD long. I was sure that the dollar will show strength today, and had placed small profit target which was missed by only 1-2 pips. After all this was test with small margin, so I lost few hundreds on the contest. I was waiting the big move of CAD and missed it because had to go home and my tire was flat so I was fighting with it and missed m…
Czytaj więcej
Przetłumacz na Angielski Pokaż oryginał
ilonalt avatar
ilonalt 22 Paź

it was very smart decision :) not to take risk :)

lubZostaw komentarz
Więcej