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I called the Bottom in Silver

Daytrader21 Veröffentlicht 22 Aug.  in #Trader's blog #GBP/USD #Silver #Brexit
Hi,I was just looking through my old blogs and I found my Silver analysis made in July 2015 and calling for the Silver bottom. Unfortunately it wouldn't let me go deeper through my blog post history as July 2015 is the last visible month as my intention was to write about GBP/USD and some of my old analysis on this pair where I literally was calling for the crash of the Pound long before Brexit to happen.
I'm referring to this blog post: …
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Trade Setup Ideas

Daytrader21 Veröffentlicht 6 Dec.  in #Trader's blog #Boe #GBP/USD #EUR/USD
For the upcoming week I think there are going to be some nice trading opportunities to make some nice money. I was thinking about EUR/USD longs after last week impressive rally I do still there is some more juice left in the market to be squeeze out on the long side. However we have to keep in mind that below current price there has been created a big void in the order book after last week central bank re-pricing.
GBP/USD seems tricky at this point but I think it can provide a good trading oppor…
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Prepearing the week ahead

Daytrader21 Veröffentlicht 8 Nov.  in #Trader's blog #GBP/USD #EUR/USD
The economic calendar looks very light for the week ahead and most likely we should see more price action related move in the FX market. After an impressive NFP we can expect some more follow through on the US Dollar front before to see any retracement. I think that the major currency pairs will present the best trading opportunity in the coming week and in this regard I'll focus my attention on both EUR/USD and GBP/USD.
If I where to chose between the two pairs, I think the most potential we ca…
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pipx avatar
pipx 8 Nov.

I bought the EUR a bit too early before the NFP and was not around to move the SL on Friday. Got stopped out but it wasn't severe. I will be looking for a better long entry this week.

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Cable Seasonality Pattern Points Lower

Daytrader21 Posted 18 Oct. as Analysis on GBP/USD, Target: 1.5086, Date: 1 von December, 12:00 GMT  in #Technical analysis #GBP/USD #Psychological Number #Seasonality #Support/resistance
Cable is showing a strong seasonal pattern to go lower during the month of November. We can see that during the previous two months GBP/USD has been moving in the same line with the seasonal pattern and this may be a strong case to assume that it will continue to do so in the next month.Don't forget, never use this information alone but instead use the technical tools to confirm this ideas or not, so we're going to look at technicals as well.

Important levels to watch:
[l…
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Daytrader21 9 Nov.

Update 3: As expected the strong seasonality pattern that we saw in cable has played out quite well. Even thought after recent sell-off we have hit our target there is still scope to break below current support level which is the big psychological number 1.5000. A break below this level will bring us to 1.4880 from where we should expect a strong rally and correct the entire sell off.

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Daytrader21 15 Nov.

Update 4: there is scope for more upside until 1.5320 where we have a big pivot level from where we should expect to see a reversal. To the downside the most notable support area is around 1.5200 and only a daily close below this level should signal more downside.

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Daytrader21 22 Nov.

Update 5: Cable has been following his seasonal pattern very well over the past month and we should expect more downside to come.First level of resistance is at 1.5330 while support stands at last week low 1.5150

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Daytrader21 29 Nov.

Update 6: As expected we have challenged again the big psychological figure 1.5000 but we haven't managed to get a weekly close below it. This week we should expect to act as support level. For this coming week first level of resistance comes at 1.5110 only 24 pips above my initial forecast of just 1.5086. If the big figure holds there is a high probability that my level to be hit on the 1st of December

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Daytrader21 1 Dec.

Update 6 : This has proven to be a pretty good forecast with only 9 pips deviation from my initial forecast of 1.5086. As expected the fact that we couldn't close below the big psychological figure 1.5000 on a weekly basis has made this bounce possible. First we hit resistance at 1.5125 from where the sell off started and we close the 11:00-12:00 candle at 1.50772. This prediction was on target the whole day and definitely it could have been much better.

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Cable Fractal Map. Trade Explanation

Daytrader21 Veröffentlicht 25 June  in #Trader's blog #GBP/USD #Cable #Fibonacci Retracement #Seasonality #Momentum #Fractal
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 …
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Cable Strong Seasonality Pattern

Daytrader21 Posted 14 June as Analysis on GBP/USD, Target: 1.5893, Date: 3 von August, 12:00 GMT  in #Technical analysis #GBP/USD #Cable #Psychological Number #Seasonality
Cable is also showing a strong seasonal pattern to bottom during summer time(see Figure 1). We can see that this pattern is quite strong and the general strength caries on all the way through July until August comes in and where we have another strong seasonality pattern. Don't forget never use this information alone but instead use the technical tools to confirm this ideas or not, so we're going to look at technicals as well.
Figure 1. British Pound Seas
…
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Daytrader21 26 June

Update 2: This week we retrace the rally from previous week and we found support as expect at previous swing high 1.5810 which should be strong support for the next week as well. We need another push higher towards 1.5900 and eventually towards 1.6000 big figure before to resume down again.

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Daytrader21 10 July

Update 3. Even though we have a strong pullback the market is unable to have a weekly close below the big round number 1.5500. If this level holds we should expect next week more upside. First level of resistance is at 1.5650 a close above this level should initiate more upside momentum

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Daytrader21 15 July

Update 4: Since we managed to break again above the big figure 1.5500 we should expect further upside momentum. Also the 1.5600 level is an important pivot point and we manage to break and have a daily close above it, this level should act for now as support

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Daytrader21 19 July

Update 5: Cable is setting up the stage for another upside run as the seasonality pattern suggest. Also technicaly we have posted a double top at the 1.5670 level where many stops resides and in many cases this are taken out when we have such a clear double top. A close above 1.5670 can boost momentum and see higher prices in next week.

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Daytrader21 26 July

Update 6: As per my previous update right now we posted a triple top at 1.5670 which makes it even more higher probable that we'll see a break above it. Also this past week we stopped right above the big round number 1.5500 without being able to break below it suggesting the bulls are still in control

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Cable + 93 Pips Profit. Trade Explanation

Daytrader21 Veröffentlicht 9 June  in #Trader's blog #GBP/USD #Cable #Liquidity #London Open #Inefficiency
In today's blog post I want to take the time and talk about my last trade which was long GBP/USD. Since beginning of this month you could have seen me talking in details about all my trades in my blog and I hope this will give you a perspective on the reason and why I've decided to take that particular trade.
This trade is a particular setup that I usually take during London open when the market starts moving strong in one direction and than it quickly reverse, so you have to fade that quick mov…
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Daytrader21 9 June

Stix When I'm referring to "liquidity inefficiency" I mean that there are few orders executed inside this type of move and it creates gap in liquidity as only few people get their orders filled when everyone jumps in to catch that move. Why do you think you get slippage?:)

Stix avatar
Stix 9 June

Thanks, Daytrader21. Yes, I do understand. It seems incredible that for moments in time, all business ceases, since it is an electronic system but given that the major contributors are banks etc, the vigilance during economic data release is understandable. It still surprises me, after all this time. Thanks ! :) :)

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CommunitySupport 9 June

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cocciolla 10 June

congratulation for prize in the strategy contest

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Daytrader21 10 June

cocciolla Thanks mate, I saw you in top 10 as well so congrats to you as well.

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GBPUSD Fractal Map Part 2

Daytrader21 Posted 30 Apr. as Analysis on GBP/USD, Target: 1.5195, Date: 1 von June, 12:00 GMT  in #Technical analysis #GBP/USD #Gbpusd #Retracement #Fractal
Cable's price action looks quite familiar and it's a fractal of the 1992-2000 price action (see Figure 1). We can see that the massive sell off in the 90's resemble the sell off that we had in 2007-2008 and going forward both sell offs have seen a 66 months retracement. Not only that the price action looks similar but also time wise this fractal looks similar. This fractal will suggest that eventually we'll have
to see another major swing low below 1.3490 before the market to enter in the next p…
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Daytrader21 1 June

Update 6: The market has already broke down to new lows, breaking below last week low of 1.5235. And now we're only 9 pips away from my target to be reach. The 1.5200 is a round number and it's key to break below it. My forecast of 1.5195 is just 5 pips way from the round number and since there are left 2h more until the deadline with the momentum pressing down, there is a change we're going to get even closer to my target

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foreignexchange 1 June

Using that scale chart and have this accuracy ...... Great : )

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foreignexchange 1 June

Congratulation : )

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Daytrader21 1 June

Update 7: At the deadline I had approximately 23 pips deviation, and now 5 minutes after the deadline I'm only 7 pips deviation this is really crazy.

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Daytrader21 1 June

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Quick Review GBP/USD Trades

Daytrader21 Veröffentlicht 13 Mar.  in #Trader's blog #Dollar #GBP/USD #Consolidation #Review #Psychological Number #Price Cascade
Cable has stared this week moving in a very tight consolidation just few pips above the psychological number and big round number 1.5000. At first impression it was behaving has it would hold as support and I got long (see 1st trade Figure 1) but I decided to move my SL closer to the market action as soon as I was in profit and in the end I ended up with around 50 pips in profits. After I got out I saw the down momentum was fading away and I tried one more time to go long but I was lucky enough …
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Shalomavahatikvah 13 Mar.

Yo! Long time!

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Daytrader21 13 Mar.

Shalomavahatikvah yooooo, well I was still around here haven't gone anywhere:). How things are going on your side?

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GBP/USD Fractal Map

Daytrader21 Veröffentlicht 12 Mar.  in #Trader's blog #GBP/USD #Bearish #Range #Fractal #Market Cycles
Last month I've posted this analysis that you're about to read in the Technical Analysis Contest, you can find the original post here: GBP/USD Fractal Map I thought to share it here as well since it has provided a good road map in trading cable so far.
Cable's price action looks quite familiar and it's a fractal of the 1992-2000 price action (see Figure 1). We can see that the massive sell off in the 90's resemble the sell off that we had in 2007-2008 and going forward both sell offs have seen a…
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