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EUR/JPY Short Scalp

Daytrader21 Veröffentlicht 14 Sep. in #Trader's blog #EUR/JPY #Scalping

Since this week the focus should be on Fed I don't think I'm going to take any directional bets ahead of the rate decision. Instead I will be focusing on short-term plays, like I did this morning when I found a trading opportunity on EUR/JPY. On this short I managed to capture 25 pips so I'm happy all went well with it.
For the next 2 days I'll be looking to find more of the same trades.
Best Regards,
Daytrader21

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Risk Aversion Full Scale

Daytrader21 Veröffentlicht 29 June in #Trader's blog #EUR/JPY #GBP/JPY #Greece #Bonds #Risk Aversion #Assets Classes

As per my expectations we had quite an interesting FX opening you can read more about what I had to say over the weekends here: Greece Saga Final Act
This is what an ideal risk aversion scenario looks like when the safe haven currencies are in high demand and currencies like JPY, CHF and the US Dollar are the ultimate beneficiary on this environment. The magnitude of the gaps we saw especially with the yen pairs where something that we never saw at least not in the recent history. But not only t…

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EUR/JPY & USD/NOK Trade Explanation

Daytrader21 Veröffentlicht 24 June in #Trader's blog #Dollar #EUR/JPY #USD/NOK

Last two trade where long EUR/JPY and short USD/NOK but unfortunately things didn't worked as planned and I was forced to close both of this trades at a loss. At one point on my long EUR/JPY trade (see Figure 1) I was -100 pips in red but I wasn't willing to close it because the 138.00 daily support level was holding the price and there was a high probability that we'll get a minor bounce from there.

Figure 1. EUR/JPY 1h Chart

I decided to play it defensively and take a small loss of only -34 …

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EUR/USD +100 Pips Profit and EUR/JPY Missed Target

Daytrader21 Veröffentlicht 19 June in #Trader's blog #EUR/JPY #EUR/USD #Whipsaw #Fomc Statement

In today's blog post I'll be talking about my latest trades that I took during the FOMC Statement. Both of this trade where based on the fundamental reaction on the news. If you have read my previous analysis about the FOMC statement you would have known that when it comes to market reaction I wasn't sure how it will react. So in that regard I didn't had any position left during the FOMC and I was waiting to see how the market react before to decide how I would have trade it.

Figure 1. EUR/USD

…

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EUR/JPY Elliott Wave Cycle Completed

Daytrader21 Posted 15 May as Analysis on EUR/JPY, Target: 133.9600, Date: 1 von July, 12:00 GMT in #Technical analysis #EUR/JPY #Liquidity #Elliot Wave #Range #Support And Resistance

Based on the Elliott Wave analysis EUR/JPY has completed a five wave sequence from the 2012 bottom and right now we're in a corrective process which should keep this pair in a wide range. For the time being the 136.00 level and pivot point should act as support and because we're entering the summer time period where liquidity is generally low and usually the market is moving in a tight range we should expect the market stay inside the 136.00-130.00 range.
Major Levels to …

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Account Balance back at BE

Daytrader21 Veröffentlicht 11 Mar. in #Trader's blog #EUR/JPY #GBP/USD #Account Balance

So far this month has gone nowhere for me, as my account balance was moving back and forth. Unfortunately I wasn't able to keep my previous profits and had some bad trade going on in EUR/JPY. It seems my hole premise of going long has been wrong as I wasn't able to discount the EUR/USD pressure and the effect it would have on this cross. I'm not sure I'll be continue in the contest as my changes to get in top 10 are very slim.
Best Regards,
Daytrader21

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Trades Update

Daytrader21 Veröffentlicht 10 Mar. in #Trader's blog #EUR/JPY #GBP/USD

After last week almost loosing all my profits, this week I managed to bring back my account in profits and my account balance now stands at 140k. I only had 2 trades running on, as I was both long some yen crosses pair like EUR/JPY and at the same time I had a long on GBP/USD. On both of this two trades I entered because we where retesting some major support level and previous swing low points.
There is nothing much on the doc for this week in terms of big market movers news and us such I'm expe…

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Weekly Recap

Daytrader21 Aktualisierte 7 Mar. in #Trader's blog #Ecb #Nfp #EUR/JPY #AUD/NZD #Fed #NZD/USD #Qe Programme

Interesting week we had with big developments in the market on the one hand ECB came out with it's QE programme details and on the other hand the US job report has confirmed once again the US labor market is on strong growth path, which may signal that the first rate hike can happen sooner rather than later. See here my previous blog post as why I was expecting NFP figures to beat market expectation: [url=https://www.dukascopy.com/tradercontest/?action=post-read&post…

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USD/CHF Fractal Update.

Daytrader21 Veröffentlicht 27 Oct. in #Trader's blog #EUR/JPY #Update #USD/CHF #Fractal

After managing to catch almost 1000 pips from 0.8700 bottom, over the past 2 weeks you could have made another 300 pips, round turn, if you would have traded the EUR/JPY-USD/CHF Fractal (see Figure 1) that I've provided in this blog post: USD/CHF 3 Years of Trading Range. 1000 Pips Profit
Figure 1. EUR/JPY - USD/JPY Fractal

I'm really impressed by the precision of this fractal and it has unfolded so far and now, it's time for an update chart (see Figure 2)and look at what is next to come.…

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Trade Explanation

Daytrader21 Veröffentlicht 8 Aug. in #Trader's blog #EUR/JPY #GBP/JPY #Technicals #Geopolitical Risk #Risk Aversion

Here I'm going to give my explanation of my latest trades:
Currency Pair: EUR/JPY
Side: Long
Amount: 5Mill
Time Frame: 4h
Open Price: 136.66
Close Price: 136.983
PnL: +32pips
Open date: 06.08.2014 13:41:06
Close Date: 07.08.2014 05:16:52
Reasons Behind the trade: This trade was based pure on technicals, simply support and resistance levels on an intraday levels. But also on correlations as well as EUR/USD price action looks very oversold so I was expecting a short squeeze and this will drag EUR/…

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Daytrader21's Blog

EUR/JPY Short Scalp

Risk Aversion Full Scale

EUR/JPY & USD/NOK Trade Explanation

EUR/USD +100 Pips Profit and EUR/JPY Missed Target

EUR/JPY Elliott Wave Cycle Completed

Account Balance back at BE

Trades Update

Weekly Recap

USD/CHF Fractal Update.

Trade Explanation