Блог AdamFx42

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Buying retracement AUD and NZD

I am buying Aud crosses today after some good retracement

AudUsd and other Aud crosses have had quite a heavy retracement today
If I look at a longer term prediction and support levels
I have found a couple of good points to buy some crosses
Also found a good point to buy NzdChf
I will be carefull to carry a couple trades through the weekend
without getting stopped out due to margin requirements
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EURUsd fails at 1.10

EurUsd was slammed down to 1.0950 last night
After climbing above 1.10 EurUsd went back down 75 pips
The sellers seemed to be well presented in the market
This looks like a failed attempt above 1.10
and i will be selling just below there
I think a retracement back to 1.08 area will happen
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Still short GBP

I am still short Gbp today
After retracement back up after yesterday's fall in Gbp
I am shorting Gbp crosses
GbpUsd is back at yestrday's level and still looks weak to me
It has stalled below 1.30
Nzd and Aud are looking stronger
and I have shorted these crosses
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Possible head and shoulders forming on weekly chart Light.cmd

A possible forming of a head and shoulders pattern in Crude oil
On the weekly chart we can see clearly the forming of the H&S pattern:
Although crude oil has been climbing sharply the last few months, a retracement is now underway
If we look at the daily chart we see some possible support for the head and shoulders pattern:
Price of crude oil has broken below 61.8% fibonacci retracement of last move up
To form the second shoulder price will probably go down a bit more
I expect 76.4, or 88.2% ret…
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AdamFx42 3 Авг.

Price went down below 39 to form the possible second shoulder - could go back up again or maybe take the second shoulder slightly deeper - pattern is now visible

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AdamFx42 5 Авг.

Second shoulder is in place now - with price up to 42 area - pattern is complete, and only a break below second shoulder low around 38 will invalidate this pattern

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EURUsd to retreat once more

Based on the charts I see EurUsd retreating down once more before a rise
If we look at the weekly chart we see that the pair is still to retrace back up from its weekly move down from 1.40
Pair has not touched - even - 38.2% retracement yet at 1.18 area, and should eventually reach 50, or 61.8% (at least)
This is normal retracement for EurUsd - at least 50% before any intended move lower
And if the low is in place - then 1.40 will be taken out eventually..
On the weekly chart we also see a upwar…
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AdamFx42 3 Авг.

After a move up yesterday - Eur is on the way down now towards 1.11

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AdamFx42 5 Авг.

pair put in a low just above 1.10 today after strong US data - now trading back up at 1.11 again,
further weakness is to be expected, though

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Some trouble trading USD longs

I had some trouble with Usd longs yesterday
UsdJpy was stuck around 108.50 all day, after I was long there
UsdChf went down while I was long
and UsdCad did not move much too
I also had longs EurJpy, and GbpJpy, and these did do alright luckily
I lost 10k yesterday and could not strengthen my position in the contest
I am a bit at a loss now for positioning
I will have to wait for a new plan, because I know what happens if I try to force the issue
If I trade to make money without a clear plan, I w…
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Bit of a drawdown again

I have been buying the latest dip in UsdJpy
I bought the dip in UsdJpy yesterday- but too soon
I got in at 112.75, looking for a retry of 113 again
At the same time I shorted the other majors against the dollar
looking for retracement after the moves up - again too soon
My account went down to 200K from 300K overnight
I am around 220K now and I will have to wait and see what happens ..
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Got stuck in trading USD yesterday

I traded yesterday without a plan or reason - it was almost very costly
I decided to trade the data release yesterday - US interest rate decision
I had already missed the pre-decision run up, and I knew that
The only reasons I had was that I hadn't traded for too long and that I wanted to increase capital
I should have known better to trade without a plan - you never know the outcome of a data release
I was betting on a hawkish note from the FED and maybe even a interest rate rise
I got caught i…
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Looking for buy opportunities of lows

After getting back in the top 10 with Jpy shorts I am buying retracement
UsdJpy is retracing back from 114 again and I am long
I am long EurJpy too because Eur is strengthening - EurUsd is moving up fast
I am also buying lows in UsdCad, GbpAud and EurAud for some retracement back up
I have provided charts when opening the positions to explain my reasoning
You can see these when you look at my trader contest profile and look at the trade feed tab
gl all
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EUR/USD next target around 1.13

Eur/Usd is turning bullish on the charts
After the last sharp move up on the weekly chart, the pair looks to have turned from bearish to bullish now
Usually, before a major reversal like this is confirmed we will see a deep retracement before the next leg up
Let me first explain my next target for Eur/Usd with my weekly chart:
From the weekly move down at 1.40 the pair has yet to retrace to 38.2% fibonacci level
Stoch indicator shows a strongly moving bullish upturn that will grow
First 23.6% f…
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AdamFx42 24 Дек.

Pair is back on the move up again - like I predicted. Challange of preevious highs is the next target now

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AdamFx42 2 Янв.

Oeps, back again to 50% retracent now - looks like retracement wasn't over - should be now though, I expect a move up when markets open again

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AdamFx42 5 Янв.

retracement has now hit 61.8% fibonacci retracement on daily chart, should be up from here again

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AdamFx42 5 Янв.

price action is following my prediction on the daily chart perfectly

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AdamFx42 15 Янв.

Pair ready to challenge 1.10 now - I expect to be above this level next week

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