AdamFx42's Blog

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Looking to trade at market open tonight

I will be looking for an interesting trade tonight at market open
The UsdJpy move back above 1.10 last week is a bullish sign
I might invest in a Usd long
Eur has retraced a bit and looks like a reasonable buy from current levels
but I do not see against which currency to buy it ..
EurGbp is too high, EurUsd could stay flat, and EurAud and EurNzd look high too
We shall see at what levels market opens
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A fresh start to the new month of trading

I am excited to start trading again this month
A lot of opportunities in the markets this month:
EurUsd has worked itself up to above 1.14 giving traders to short it for a imminent pullback
The same can be said for GbpUsd - a double top is forming just above 1.30 right now
Given the Nzd and Aud strength in the market right now,
I may look to short GbpNzd, and GbpAud right away at the start of the contest
gl all
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What to look for next on the market

After the UK elections and ECB bringing Eur down - what is next?
Gbp would seem like an easy trade at the moment
With UK brexit uncertainty now higher and opposition growing the pound will be vulnerable
I will be looking to sell any bounce in any Gbp cross
Maybe a safer bet will be trading the Eur, though
EurUsd seems to have formed support above 1.1150 level after ECB
Buying any dips towards this level seems like a good bet to me
UsdJpy is not doing what I expected it - I thought it would fail …
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Selling GBP and EUR

I have started selling Eur and Gbp today
Both pairs are struggling to regain highs and seem weak
I am selling EurNzd and EurAud, I am also short GbpUsd below 1.29
If just one of these trades holds I should be able to get my account towards 200K
I have looked hard for a good trade, and these seem nice
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Missed a couple of big moves

I Missed a couple of big moves in the market.
I was on a break for a couple of days
And I just took a look at the forex market
EurUsd and UsdJpy are up a long way from Friday close, when I last looked
I will have to read up on my forex when I get back home tomorrow
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Short EurNzd and GbpNzd

I am short EurNzd and GbpNzd today
EurNzd had made a steep move up last month and probably is in for daily retracement
GbpNzd short because of pound weakness and Nzd lows, or seems a good correlation
If market respects technical levels and fundamentals I should be alright
I am hoping for some big moves around current levels, if in my favour it would be nice
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verindur avatar
verindur 11 Apr.

GBPUSD moved too well today but north.

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A new week of Trading coming up

When markets open tonight
I will be looking to trade Eur long
Or Gbp short
I will be watching support and resistance levels closely and hope to find a good entry at the beginning of the week
My strategy of Eur long remains as long as 1.05 level-monthly support-holds
And Gbp remains a sell at highs for me, fundamentally
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Starting to add to EUR longs

My Eurnzd and EurAud longs are starting to go up
I have been long Eur since the beginning of the contest
I started off with EurUsd and EurChf longs and switched to EurAud and Eurnzd longs
My long positions are doing good now
and I am ready to add EurUsd and EurChf longs again
My strategy is based on EurUsd being at monthly support
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February Contest on its way

The February contest has begun - good luck all
There have been a lot of interesting moves in Usd and Eur lately
This is because of Trump becoming president
and the market seems still uncertain which way to head
First, the Usd seemed to like Trump and went up - the Eur down
Now, the market seems to have had enough with Trump and Usd goes down - Eur up
We may see a lot more of this - it is going to be hard to adjust my strategy accordingly this month
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Not seeing any interesting moves today

Today, the market seems to be playing the same game again
It is up and down for both the Eur and Usd
This cat and mouse game has been going on for a while now
I bought some Usd yesterday with a tight stop loss above good support
I has to re-enter three times as support was broken then re-taken
Still, I made a healthy profit by selling Eur at the same time
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