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First trade of the month in the bag ;-)

AdamFx42 Posted 3 Feb. in #Trader's blog #Usdjpy #Long Position #Monthly Strategy

I bagged my first trade of the month last night
Yesterday I went long UsdJpy after it had retraced to a significant fibonacci level
I was looking for a bounce, so my TP was set at reasonable distance: 84 pips - just above 113
My TP was hit last night and I made about 30K, which is nice
I will be looking for more swing trades this month,
as I expect market to be coiling with sideways action - I will not commit to a single direction
Buy low - sell high is the motto
This has to do with market uncer…

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Has UsdJpy reached support?

AdamFx42 Posted 3 June in #Trader's blog #Usdjpy #Long Position

I am long UsdJpy just above 108.5
UsdJpy seems to have stalled on its way down today
108.50 may be support for this pair
I am long UsdJpy at this level, after losing a lot on Gbp longs
All my positions on Gbp longs were stopped out yesterday
I am letting my UsdJpy long run into the weekend, hoping for some dollar demand
gl all

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GBP/USD testing support

AdamFx42 Posted 4 Jan. in #Trader's blog #GBP/USD #Support #Recovery #Long Position

I opened a long position in Gbp/Usd today
Gbp/Usd tested support around 1.47 last night and a buy limit that I had waiting was triggered
I went long just above 1.47 and will be looking for a recovery
Although it looks like Gbp/Usd is down I believe this to be a false breakout
The price is just too low at the moment, and Eur/Usd is recovering as I type this
and Usd will weaken more, as is my prediction for this month

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Support in GBP/USD holding for now

AdamFx42 Posted 4 Jan. in #Trader's blog #GBP/USD #Testing Support #Long Position

I opened a long position in Gbp/Usd today
Gbp/Usd tested support around 1.47 last night and a buy limit that I had waiting was triggered
I went long just above 1.47 and will be looking for a recovery
Although it looks like Gbp/Usd is down I believe this to be a false breakout
The price is just too low at the moment, as Eur/Usd is recovering as I type this
and Usd will weaken more is my prediction for this month

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AdamFx42's Blog

First trade of the month in the bag ;-)

Has UsdJpy reached support?

GBP/USD testing support

Support in GBP/USD holding for now