MindaugasM's Blog

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9th of December

Hello,
As you know I had a short USDCHF position for a couple of days. I took it after bearish candle on Monday but something was wrong. I expected continuation on Tuesday, it did not come, on Wednesday morning we have some movement down but it was not very decisive. So I thought it must be something else. I close the position and put a stop order to buy any move upside. That was exactly what's happened after Draghi's comments. My stop order was triggered @ 1.0067 and the TP level @ 1.0136 was h…
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8th of December

Hello,
It's happened what I expected (but did not want ), EURGBP continued it's way up, at the same time USDCHF remained pretty much flat. I was stopped out with ~37k left in my equity. I still believed USDCHF could be some value at that point and shorted it again @ 1.0099. It generates some profit at the moment, +33 pips to be exact. I am disappointed somewhat cause I expected much stronger continuation to Monday's bearish candle. Well, that's all I got and need to move with this forward.
Good…
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7th of December

Hello,
Short of USDCFH was my only trade of yesterday. I made it @ 1.0098 and it trades at breakeven now. The reason I made this trade was a big bearish candle on Monday which tried to test recent highs, failed and then retreated. Yesterday I waited until the pair moved back somewhat into resistance area which, I believe, is somewhere around 1.1 and shorted. Unfortunately, I still have an open EURGBP which moves against me and, despite how USDCHF will perform I can be margin call-out by any shar…
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6th of December

Hello,
Yesterday was a cruel day to me. By betting for EUR to continue to depreciate against GBP and USD I was completely blown out. EURUSD was stopped out. Still have EURGBP open with massive loss on it. My equity is currently sits at 70k. Not much joy here. Now I need to lick my wounds and look if I can change anything for the better.
Hope you are doing better than me
Mindaugas
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5th of December

Hello,
EURGBP looks like an opportunity to me now. It reached 0.83 level which I highlighted in my graphs weeks ago. I'm not saying it will definitely turn around here, cause recent performance of EUR is really weak. Though, I expect bulls will give some tough time for sellers at this point and create some nice long trade opportunities.
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BTW, EUR just rallied in a matter of minutes against other majors. I do not think it is sustainable and ready to fade it.

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4th of December


This is the graph I wrote yesterday about. The price level at 0.98 looks quite attractive to me. It shows long-term resistance and could turn the tables around into favour of bulls. We will see if this can come true.
Have a good trading week.
Mindaugas
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3rd of December

Hello,
In the last few days I am closely watching AUDCAD. In my opinion the bears are running out of steam and good opportunity to go long is just around the corner. Currently, it trades around 0.99 and I believe 0.98 is really great value. It is not that it can't go below but if you are able to keep the position for 3-5 days it can pay you nicely. Unfortunately, I cannot show this on the graph at the moment as server is down. Nevertheless, I will keep my eye on this pair and maybe will get some…
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2nd of December

Hello,
Today I could not spend much of the time watching the markets. I took long GBPUSD and EURUSD (and EURJPY which is too small to bother about) during European session. After some time the pairs spent indecisively trading around entry levels I needed to leave. I put really close take profit targets with a hope they will close before the NFP. Now I can see they both were closed exactly at the moment NFP was announced. Both trades generated me around 23k of profit which moves my total to 142k.…
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1st of December

Hello,
On the first day of the month I 'nearly' did 2 great trades. During European session I had a buy order for GBPUSD @1.2542 which I missed by a little more than a pip. Later, I had a short order on USDCSD @ 1.3395, which came short by 0.5 pip. At least, I was able to make sum profit on binary options contest with these pairs. So, not a complete waste of opportunities. Apart from these trades, I had some shots on EURAUD, USDJPY and EURJPY. Nothing too impressive, still a positive result of 1…
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13th of November

Hi,
I did do 2 trades on Friday. I went long NZD against USD and CHF. My first feeling was right I needed to stay aside. I did not and paid the price. Both pairs moved down significantly and I was stopped out of both of trades with really big losses. My current balance stands at 76k which is nearly the same I started the week with. Still there is some time left for me to try to turn things around. Let's hope a better week is ahead. We will see soon.
Good luck all,
Mindaugas
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