Open trading account 
In today's blog post I want to take the time and talk about my recent trade which was long GBP/USD. This trade was based on a market model or you can call it a fractal pattern (see Figure 1) that cable has been following since the start of the sell off from 2014 highs. Now, even though I got out of this trade relative fast the upside momentum should prevail if we take in consideration the seasonality cycles of GBP/USD which has the tendencies to strengthen during the summer time period and post …
Daytrader21のブログ
EUR/USD +100 Pips Profit. Trade Explanation
In today's blog post I'll talk about my trades from yesterday. I've been trading on the short side of EUR/USD and actually I was able to take 2 trades making a cumulative profits in excess of +100 pips. My first trade was right at the London Open (see Figure 1) which is the ideal time to enter your trades because form my own experience the low/high of the day is made during that time of the day, there is a probability of 65% of that to happen.
Again, fading the London Open is one of my best …
Again, fading the London Open is one of my best …
CHF/SGD Summer Consolidation
We can see that for the most part cross pairs like CHF/SGD have the tendencies to move in consolidation box, which i call range box effect. Right now we're moving inside one of those range zone between 1.4000 round number and psychological number which is also the bottom of the current box and 1.4600 resistance and top of the box.
Major Levels to watch:
Major Levels to watch:
- 1.4000 Big round number and psychological number and also support level.
EUR/NZD WXY Pattern
Based on Elliott Wave analysis EUR/NZD is playing inside a very complex price structure and corrective in nature. Since 2014 top at around 1.6400 we have been moving inside an WXY pattern which can be subdivided in lower degree WXY patterns. Right now we're in the last stage of completing the pattern as we're currently developing wave Y of higher degree and wave y of Y before the cycle to be completed. Before the last leg up we need a retracement towards at least 38.2 Fibonacci …
AUD/NZD Elliott Wave Cycle Completed
Based on Elliott Wave cycle if we count the move that started from the 2011 high (see Figure 1) all the way down to 2015 parity level we can tell that we have done a five wave move and us such we may consider the downtrend in the final stage. Right now we should be looking for a ABC corrective stage that should at least bring the price near the highs of wave IV at around the 1.1300 level.
Major Levels to watch:
[list=1][/list]…
Major Levels to watch:
[list=1][/list]…