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Market Predisposed to Extend the Range

Daytrader21 Posted 3 Nov.  in #Trader's blog #Fx Market #Range
Currently there are no sign that the FX market is anywhere near to resume the bigger macro trend and in that case I go with the assumption that the market as a whole is more predisposed to extend current range zone through the last two months of the year. In this regard I guess it's best to adjust you strategy and best way to profit from this environment is fade any move into important support/resistance levels.
I guess that the commodity currencies will be a better option to trade under this ci…
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Market Predisposed to Extend the Range

Daytrader21 Posted 3 Nov.  in #Trader's blog #Fx Market #Range
Currently there are no sign that the FX market is anywhere near to resume the bigger macro trend and in that case I go with the assumption that the market as a whole is more predisposed to extend current range zone through the last two months of the year. In this regard I guess it's best to adjust you strategy and best way to profit from this environment is fade any move into important support/resistance levels.
I guess that the commodity currencies will be a better option to trade under this ci…
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Ranging Market - FX Advice

Daytrader21 Posted 20 Oct.  in #Trader's blog #Fx Market #Range
So far this is a relative quiet week in the FX world and it seems that current environment will persist for some time. But we have to keep in mind that usually after small ranges the markets will post some bigger ranges and expend so this is also a signal of what may be ahead of us. Once we'll have those breakouts I honestly think that it will not be wise to fade them but rather to go with the flow.
We just need some catalyst to trigger the move and we already know that the CB monetary policy ha…
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October Fx Market Outlook

Daytrader21 Posted 7 Oct.  in #Trader's blog #Ecb #Eurusd #Article Contest #Qe #Fed #Fx Market
In this article we’re going to look at both the technical setup as well as the fundamental themes that have been dictating the movements in the FX Market for the month of September and what’s going to drive the market forward in the coming month. The fact that we haven’t been able to see a rally in the equity market and a continuous decline in the US Dollar it tells us that something significant is happening, and that is a shift in the belief of monetary policy and its influences over the marke…
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FX Market Talk

Daytrader21 Posted 7 July  in #Trader's blog #Rba #EUR/USD #Fx Market #Risk Aversion
So far the market has not entered in full risk aversion mode and despite Greece referendum "NO" vote victory EUR/USD exchange rates looks quite stable. Not even RBA rate decision could spark some volatility in aussie as kiwi was moving more than aussie on RBA decision, go figure.
I'll be trading very defensively and my main priority is still to capital preservation and last but not least to try to recover my long term account balance. Last month I managed to move in the right direction and ended…
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FX Story Time

Daytrader21 Posted 7 May  in #Trader's blog #Hft #Rba #EUR/AUD #Fx Market #Range #London Open #Virtu
Is that time again when I'm rambling again about the FX markets and the sh*t going on in the land of the free market on a daily basis. There is no day passing by without to be amazed of the things going on with the FX Market. This time around I took again a long position on EUR/AUD after my first attempt failed to materialize around RBA rate decision, I spoke more about that trade here: RBA Cut Rates
Not to mention that the reaction on the RBA rate decision was absurd and I was expecting …
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2 Comments
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guilhemch 7 May

Nice story as usual. It is always difficult the handle these times when your forecast is right but you're not taking part in the party.

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Daytrader21 7 May

guilhemch Yes, it's even harder when this is happening since beginning of the month, definitely not a good strategy to get in top 10 rank:)

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CommunitySupport 7 May

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2014 FX Market Outlook - AUD (part 3)

Daytrader21 Posted 6 Jan.  in #Trader's blog #GBP/USD #Fundamentals #Cable #Fx Market #Projection #Bullish Triangle
Although for the current contest month I'm out I'm still going to try to bring back my account at BE after suffering 80% loss in the first trading day, and this mean that I should make 400% to bring back my account to 100k, but I'm a fighter and never give up. So, I'm still going to make blogging as I really enjoy it so I'm going to continue with my 2014 FX Market Outlook blog series. This time we're going to look at Cable, you can see check my previous blog post here: …
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3 Comments
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floge 6 Jan.

"I don't know how many of you are aware the GBPUSD is on the verge to make/or not make a big advance in price" - i'm aware, the big test is on this area, must breakout 1,70 to run away, have she legs? will see :-D

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Daytrader21 6 Jan.

Definitely GBP is one to watch in 2014 but patience is required and also flexibility if market doesn't follow our plan

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HOANG_MAI_NHI 7 Feb.

EURUSD strong up after statements released

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2014 FX Market Outlook - JPY (part 1)

Daytrader21 Posted 1 Jan.  in #Trader's blog #JPY #USD/JPY #Price Action #Correction #Nikkei #Fx Market #Bullish Trend #Fractal
I'm going to give out my Fx Market Outlook for this year and I'm going to start with my favorite currency pair: Japanese Yen. It will be a series of blog post because I want to take the time to go through all the major currency pairs and give my personal outlook for 2014.
We know that currently the YEN pairs is all about Abenomics market policies. The "Abenomics effect" have had a huge impact to revive Japan's economy, strengthening consumer consumer spending. Although many have doubted the mark…
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4 Comments
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gmoney7 1 Jan.

Very comprehensive...nicely prepared...All the very best to you...

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HOANG_MAI_NHI 2 Jan.

very good job

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Daytrader21 2 Jan.

Thank you guys, much appreciated

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Metal_Mind 2 Jan.

Nice buddy. On every blog i learn something new!! this needs to be tweeted!!!

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