AdamFx42's Blog

Avatar

Ending up this week trading with short USD positions

I ended this weeks trading last evening holding three short Usd positions

I shorted Usd crosses yesterday, because I thought retracement should be in order
After losing a lot on Eur and Gbp longs, I decided to switch my strategy again
It looks like Usd crosses are pulling back from highs now,
which could be good new for me - especially my UsdMxn short is doing well
Read full story
Translate to English Show original
orto leave comments
Avatar

GBP a bit weaker now, fails below 1.41

My GbpNzd short position has turned around just now
GbpUsd is a bit weaker at the moment after failing to break above 1.41
This is helping my GbpNzd short position from in the red to green
I am up a few pips now, and will be waiting to add to my short Gbp ositions
Read full story
Translate to English Show original
orto leave comments
Avatar

EURo hanging on around 1.23

I am short EurUsd because of fundamentals
There are sounds in Italy around election time that oppose Eur
Technically EurUsd is stuck below 1.2345 now
and I am short just above 1.23
I will be looking to add shorts EurAud and EurNzd too
This from Trading Central:
Read full story
Translate to English Show original
orto leave comments
Avatar

AUD USD is only position that is paying off

I have only my AudUsd position left open now
I have closed my other Aud short crosses, including EurAud and GbpAud longs
I was up quite a bit on the first day, but now I am hovering around 20K profit
I will have to look for a new strategy
Aud shorts are not working out
Read full story
Translate to English Show original
orto leave comments
Avatar

Short AUD this month

I will be shorting Aud this month
Fundamentals tell me the AudUsd has risen too much too fast
I see possibilities in shorting AudCad, too
It is trapped below the SMA daily 200
I expect AudUsd to return or retrace to 0.97 level
I will trade it and other Aud crosses accordingly
Read full story
Translate to English Show original
orto leave comments
Avatar

Setting up GBP shorts

I am setting up Sell Stops in Gbp crosses today
If GbpUsd gets back up to near 1.28 - then I am selling it
Fundamentally, Gbp is weak now,
and technically this pair is below major support area at 127.80 area
It has also broken below daily trendline, and consolidation
The same goes for GbpAud, GbpNzd and GbpChf
If they move back up - I am selling them
I also have a long buy stop waiting in EurGbp for the same reasons
Read full story
Translate to English Show original
orto leave comments
Avatar

Selling GBP and EUR

I have started selling Eur and Gbp today
Both pairs are struggling to regain highs and seem weak
I am selling EurNzd and EurAud, I am also short GbpUsd below 1.29
If just one of these trades holds I should be able to get my account towards 200K
I have looked hard for a good trade, and these seem nice
Read full story
Translate to English Show original
orto leave comments
Avatar

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
Read full story
Translate to English Show original
orto leave comments
Avatar

Contemplating a short position

I am thinking about going short today
UsdJpy has risen more than 300 pips
since last Friday
The move up is attributed to fundamentals,
Traders and investors that are happy with Trump's recent dealings and promises
It probably will not last, Usd was Trump negative, and there is no real reason why this should change in the long run
Read full story
Translate to English Show original
orto leave comments
Avatar

Short EurNzd and GbpNzd

I am short EurNzd and GbpNzd today
EurNzd had made a steep move up last month and probably is in for daily retracement
GbpNzd short because of pound weakness and Nzd lows, or seems a good correlation
If market respects technical levels and fundamentals I should be alright
I am hoping for some big moves around current levels, if in my favour it would be nice
Read full story
Translate to English Show original
verindur avatar
verindur 11 Apr.

GBPUSD moved too well today but north.

orto leave comments
More