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TraderX's M_2 Strategy Description

Hello, I am the 1st winner of June Strategy Contest, and the following are the details of my strategy.
The trading strategy that I have used in June Strategy Contest, trades only one currency pair - EUR/USD, which is the most traded and the most liquid of all the currency pairs. The straregy does not use any standard indicators or analytical tools, but instead, its main idea is derived from the trading times of the eight largest financial centers in the world that are lumped into three sessions…
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First place in strategy contest

Hi friends, this is my second month of participation in "fight of strategy". I did not use all the capacity of the platform as I'm only on the first stages of my way and I was very surprised how function the simplest principles of trade based on indicators which were invented ten years ago, at first sight everything seemed very easy. Initially the strategy had some other appearance and was tested in January, 2019. It showed good profit on the trend , but it could not satisfy criteria of competit…
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USDZAR 26th June 2018

Hi Traders,
Let's take a look at USDZAR which is US Dollar vs South Africa Rand chart and price.
My view is USDZAR is hit the highest level it could go for this week as it is below the descending resistance levels.
I took at SELL position at 13.57 and targeting the levels of 13.30 with a Stop Loss at 13.84.
Anticipating the trade will hit target this few days before the month's close.
Attached is the chart of USDZAR on the Daily timeframe.
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USDJPY 1st June 2016 forecast

USDJPY is in a clear down trend despite continuing monetery easying. as of 19 Apr the price sits at a 200 EMA on a weekly chart. On a monthly chart the next support level arises at 106.6 and a next technical support at 105. The expected price action is that the price follows its down trend until 1June and will pierce the support line at 105 and come back to the 0.382 fibo line at 106.6. Further in the year the price might fall to the 50% retracement at 100.6.
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Elens94 avatar
Elens94 6 Dec.

Good analysis!

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