megajorko's Blog

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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…
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The Euro return

Hello everyone.
After the Draghi speech and unusual announcement for additional Bond buying I think the bearish trend will not start. At least for now. Here are the reasons:
According to Daily chart there is obvious channel up and it could be broken only under 1.08 ( and even there it can make still 100 pips or a little bit more before returning to channel) The Next reason is another fundamental truth that fed are not sure in the rate hike.
We can also see the weekly chart:
I think that the pict…
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EURo power is gaining strength

Hello traders,
Flash Core Harmonized index of Consumer prices of Europe has rised to 0.9 which is much better than expected 0.7 and there are reasons that Euro will started gaining over USD. These maybe a precursor to achieving the target of 2% inflation which is the main fight of ECB. The current penetration of 1.10 is a proof for this fact and now the only possible way for EUR/USD is up. Every fall I think can be safely bought but be careful during interest rate announcements. Presently I am j…
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The first day

Hello traders,
What happened today?
As usual Monday is very ranging day. But today was extremely volatile due to strong expectations and 1 big event.
EUR/USD started strongly bearish falling under 1.09 and soon after that recovering all the loses. All the participants were waiting for the big event - the ISM manufacturing which came better than expected and ruined the recovery of the Euro. The cable followed the same pattern and is on the way to the bearish trend continuation. This week are expe…
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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…
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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…
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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…
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New type of Mondays

Hello community members and fellow traders,
It is another Monday in a row which is not as calm as it used to be. Today everything opened with a big gap: EUR/USD ->20 pips up, AUS/USD more than 30 pips down and so on, only maybe cable was strong with no gap. Ofcourse all the indices made a huge gap down and some of them recovered, some not. I will focus on EUR pairs and ofcourse try to find entry for oil connected pairs like RUB and NOK.
I see that top traders have catched the good opportunity in…
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Cautious start

Hello traders and happy new trading month
I waited the whole day to see what are the sentiments and consider to enter with a very small position with counter trend on the cable and euro. US dollar is really strong and there are reasons for that - ended QE, hawkish fed mood and also the weak european and british economy. I think that with this little scalp even with stoploss hit I will not have lost a lot just setting to future major trend trades.
Good luck to everyone and have a profitable month
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Thursday after FOMC

Hello traders,
Yesterday happened what I was thinking will be a surprise and that is the hawkish mood of Fed. QE ended expectedly and as a result dollar pumped up as oil from newly built oil platform. Euro ofcourse dropped and today Germany are trying to trick us with lower than expected unemployment. But we do not believe you german analysers because we know Germany is suffering a new crisis (this is only my point of view not to be published worldwide ) As a result recently euro has started t…
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