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Sunday mistake

megajorko Posted 3 Oct.  in #Trader's blog #GBP
Hello traders,
My post from yesterday was very wrong. Somehow I didn't saw that I was reading Friday's news not Monday's 3 October. I am really sorry for misleading.
Today Germany is in Bank Holiday but nevertheless there will be PMI today. All eyes are set on GBP and it spiked in the opening session with nearly 100 pips with some pairs. Some traders find opportunity to go long in GBP but presently it will be a mistake as there is continuation trend.
Everything will become clear after ISM on US …
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Monday trading

megajorko Posted 5 Sep.  in #Trader's blog #GBP #Pmi
Hello traders,
As usual Monday is very calm day for trading and there was only one fundamental event which was the British PMI. The price for the pair GBP/JPY was most volatile but it returned to the point where it started only to take some stoplossess and maybe to involve others in the so called Bullish trap.
Other than that the most popular pair just made some unusual dip to reach the support in an unusual hour between 10-10:30 GMT and reached 1.1154
For my point of view the volatility will co…
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The first day

megajorko Posted 1 June  in #Trader's blog #GBP #USD #Euro
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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Wednesday trading

megajorko Posted 22 Oct.  in #Trader's blog #GBP #CAD #Dollar #Euro
Hello everybody,
Today I was not risking because I was prepared for some surprises.
I made 4 small bets on EURJPY long, GBPJPY long, USDCHF short and EURUSD long. I was sure that the dollar will show strength today, and had placed small profit target which was missed by only 1-2 pips. After all this was test with small margin, so I lost few hundreds on the contest. I was waiting the big move of CAD and missed it because had to go home and my tire was flat so I was fighting with it and missed m…
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ilonalt 22 Oct.

it was very smart decision :) not to take risk :)

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Week start

megajorko Posted 20 Oct.  in #Trader's blog #GBP #CAD #Dollar #Euro #Overview
Hello everybody,
The week starts as usual with up down movement setting the future trend direction. CAD and GBP show a strong appreciation opposite to dollar and yen. Euro is somewhere between. I am waiting to see first movements of USA opening session to place my orders, possibly on USDCAD (maybe long not sure yet). Also trying to research GBPUSD (direction is forming now so we must wait until 5-6 pm to see if it is south or north. I am very happy with the patterns dukascopy gives us it is so u…
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JuliaBF 20 Oct.

thanks and good luck to you as well!

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megajorko 20 Oct.

My latest analysis show that the JPY is depreciating, so I will be looking also for long on GBPJPY and EURJPY.
And just a small advice which I am giving to myself and also to novice traders: Don't hesitate to close on loss when you are sure you are wrong because the loss will only increase and you will catch yourself praying for miracle which more often don't come. The loss you can compensate later if it is smaller, also this loss is already not your money

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Monday no big news

megajorko Posted 4 Aug.  in #Trader's blog #GBP #JPY
Hello traders and future followers
Today is again Monday and again we will see not a volatile day. As of now the biggest news about GBP PMI Markit service is over with a little change up, so the GBP will return and continue to fall in my opinion. My GBP/JPY short still holds. But except this there are no other major news for today and all eyes are on tomorrows big news day. The USA ISM, again UK Markit service news (may be worst than today) and aussie will be volatile. Ofcourse dont forget EUR b…
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ANABEVZ 5 Aug.

Good luck in your job!)

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Stubborn JPY

megajorko Posted 2 Aug.  in #Trader's blog #GBP #EUR #Support
As JPY approached level 100 (2years ago) of USDJPY pair I am very stubborn that it will go down. I am betting on the weak EUR and GBP because we’ll have big support at 100 on USD JPY. I hope EUR/JPY reaches 135 and GBP/JPY 170. At this point maybe I will enter some long position.
July I was so close to the top 20 and I hope this month I will try to enter even top 10. Competition becomes hard and the rules in Dukascopy for the points are very difficult. So we must not make even slightest mistake…
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