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Going off topic for a moment

I wanted to share a (crude) possible long trade with you
I have been reading a bit about oil this weekend
Although long term trend is pointing down, there is a possible short term buy opportunity
This weekend Saoudi Arabia presents an ultimatum to Qatar
This could possibly lead to unrest and the price of oil rising short term: (source)
http://www.forexlive.com/news/!/the-saudi-13-part-ultimatum-to-qatar-is-insane-20170624
Technically, I see a possible support level for oil:
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Going long EUR

I am long Eur crosses today
I started building Eur longs last night after technical analysis
EurJpy and EurUsd seem to be breaking above resistance
I have added EurChf as a stable pair
Also I have just added EurAud and EurNzd longs
EurUsd seems on the way up again after putting in a low at 1.1150
I feel it will break above 1.12 again
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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
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verindur avatar
verindur 11 avr

GBPUSD moved too well today but north.

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Something does not feel right about my USD longs

I am having doubts about my UsdJpy and UsdMxn long positions
I thought I was doing the right thing going long USD at market close on Friday
but I am beginning to have some doubts now
My UsdMxn long looks technically good but is falling
My UsdJpy long seems to be stuck in a losing position, too
I have seen this before in other contests and in live trading
Although the rate hike on Wednesday is a certainty and I would expect a stronger Usd afterwards
things are not always what they seem in trading…
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Deciding to go long UsdJpy

I have decided to go long UsdJpy today
Pair seems to be holding above 101 now - and has retraced back from 103 area
I expect this level to be one of natural retracement,
and it should act as support for a move back up
I do not expect 100 to be broken to the downside - this is also something
the bank of Japan does not want to see happening, and although they should not intervene,
traders will be interested to buy the pair just above 100
I therefore feel there is a case for support above 100, and …
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Daytrader21 avatar

good luck!!:)

AdamFx42 avatar
AdamFx42 16 aou

Thanks ;-)

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GBPJpy looking interesting now

GbpJpy is looking bullish on the daily chart
With a likely 'NO' vote for Brexit and bullish Gbp movements, the BOJ wanting a lower Yen
and the technical analysis on GbpJpy - it looks like a clear buy on the daily chart
A head and shoulders pattern has emerged in GbpJpy on the daily chart
I will be looking to go long just below 160 - with a SL at 157.5, and a TP around 164
gl all the last few days of trading
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Slowly preparing for the week ahead

After a nice and relaxing weekend it is time to start up for the week ahead
It was a lovely weekend with nice weather here in Holland
I spent quality time with family and had the chance to unwind and rest
I will not be around at market open as I am turning in early tonight
I have been looking at some technicals in forex pairs, though
For me - EurNzd looks interesting, as the pair seems to be in a downtrend
and this may be supported if EurUsd runs out of steam or UsdJpy recovers
Also, Aud and Gbp…
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What are the trading opportunities for coming week

In my search for pairs to trade the coming week a few stand out
UsdCad is looking very weak at the moment:
Usd data was not too good on Friday (see my post yesterday) and oil is going up
I will be looking to sell this pair coming week
(maybe after the data release for Canada coming Friday)
Also I will be looking to go long Aud as this is the strongest currency at the moment
gl all
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Time to reveal a little about my strategy (part2)

Yesterday I told you about my Strategy for this month and how I tend to trade
... to finish my story that I was telling you yesterday:
After the Draghi speech and the (unexpected) decision to easy more in the EU, the Euro shot up:
I was prepared for this because I had already positioned myself in the right direction
and had set buy stops in other crosses on the way up -- I made 300K on the move - quadrupling my money.
Of course, you need to be lucky too: I almost got stopped out just before the …
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