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Coming back! 11/05

Slurmp Posted 11 May  in #Trader's blog #Trader's Contest
Happy to say that I'm creeping back up the standings!
Made a nice bit of profit when USD/CAD finally dropped, potentially looking at that pair to drop more. Now today I am looking at EUR/USD to continue upwards as it is oversold and I believe it has hit it's resistance line.
Much love and happy trading
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Dropping behind 9/05

Slurmp Posted 9 May  in #Trader's blog #Trader's Contest
Unfortunately I've really fallen behind in the standings this time, pretty disappointing but I can still come back from it!
Looking at USD/CAD to finally drop today as it has been overbought for a while and has approached the bbands once again. This trade should bring me back into the standings.
Also check out my article ''An Introduction to Pattern Trading'' https://www.dukascopy.com/fxcomm/fx-article-contest/?An-Introduction-To-Pattern-Trading&action=read&id=3851
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2nd week! 8/05

Slurmp Posted 8 May  in #Trader's blog #Trader's Contest
Really excited for this week! I've unfortunately dropped a little in the standings and I'm getting ready to make a comeback.
Looking at USD/CAD on the 1 week, the pair seems overbought and appears to be ready to drop with the last candle also forming into a doji, however I'm holding off on shorting this pair until the daily chart also shows that it will drop which it currently doesn't.
Much love and happy trading
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Saturday is just another day 6/05

Slurmp Posted 6 May  in #Trader's blog #Trader's Contest
Always working, always grinding.
This weekend I'm researching for my next article for the article contest, you can find my most recent one here
GBP closed holding fairly strong in overbought conditions on both GBP/JPY and GBP/CHF, I expected it to drop more this week and unfortunately lost two trades because of this, but I had my s/l's well placed and if you're not prepared to take losses then you're not prepared to be a Forex Trader.
Over this weekend I will revisit my analysis and potentially …
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Great first week! 5/05

Slurmp Posted 5 May  in #Trader's blog #Trader's Contest
Awesome first week! really happy with how I am placing and once again I am impressed with the talent in this competition.
Next week I forecast GBP to lose strength as I expect many of us do, GBP pairs are also showing as overbought. However, in this blog I'd like to draw attention to patterns to foreshadow the article I am submitting in the article contest.
Looking at NZD/JPY the current candlestick is engulfing the previous one, this is a bullish engulfing pattern and indicates a strong and imm…
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Day 4 GBP/CHF 4/05

Slurmp Posted 4 May  in #Trader's blog #Trader's Contest
My pick of the day is GBP/CHF, resembling GBP/USD this pair is showing as overbought with the CCI/Stoch above the 100 line and the Bbands having just been breached.
I expect this current candle to drop to the low of the previous candle before continuing on the pairs previous uptrend. or it may form a flag formation with next weeks candle and then continue on the uptrend the following week.
I will be shorting this and keeping wary of the retracements.
I'm also watching JPY pairs as I expect JPY t…
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Day 3 and my trade of the day 3/05

Slurmp Posted 3 May  in #Trader's blog #Trader's Contest
Things are going well! I've not cancelled out any of my trades, so hopefully I'll be up with the quality points this time.
My pick of the day is the GBP/USD. I've made some gains on the GBP/USD today and expect it to drop further, looking at the chart we can see it recently breached Bollinger Bands and the CCI/Stoch are both showing overbought, so I'd say this is a solid short for the remainder of the week.
Much love and happy trading
Lucas
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