k2nd's Blog

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Mid-Week Update

Hey
It has been a relatively difficult month so far as the general market direction is fairly mixed in my opinion. In short-term outlook, I'm looking for a deeper correction lower in EURUSD and among other major pairs but to be fair - it's a longshot right now. August is not the easiest month to trade as we're still seeing "summer trading conditions" meaning that some days, we don't see any price action at all.
Anyways, right now I'm holding a long position in USDJPY with a very tight stop just …
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Done for the Month

Hey
Pretty much done for the month. Can't complain to be honest - 21 trades and only 3 losers. Surprisingly markets were quite active, taking into account that it's the middle of the summer.
Looking ahead, I'm still expecting additional gains in EURUSD before any meaningful correction. However, as the pair is quite stretched, caution is needed. Ideally, I'd like to see 1.21-1.22 before the end of September. Time will tell if that is going to be the case.
Cheers!
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FXRabbit 29 July

Seems like that you are not just talk but also the man that can walk that mile! You have been consecutively winning so far. Though I have my doubts on the EUR/USD being over 1.20 within this year, though I still will not challenge you. Yes, I have not forgotten challenging you the last time and then dearly losing over 10K of my cash equity on this pair's uptrend. Good luck to you in August 2017 Trader's Contest, probably and hopefully you will pay some more attention to it and shine out there within the community for what you are. Hey, though leave me that first spot. :P I shall try again.

FXRabbit avatar
FXRabbit 29 July

Seems like that you are not just talk but also the man that can walk that mile! You have been consecutively winning so far. Though I have my doubts on the EUR/USD being over 1.20 within this year, but I still will not underestimate you. Yes, I have not forgotten challenging you the last time and then dearly losing over 10K of my cash equity on this pair's uptrend. Good luck to you in August 2017 Trader's Contest, probably and hopefully you will pay some more attention to it and shine out there within the community for what you are, a star!

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No Change in Plan

hey
My EURUSD short was taken out on Friday after slightly weaker U.S. CPI figures. However, that doesn't change anything - looking to re-enter.
Aussie, on the other hand, is a bit of a problem. The entry was extremely poor but I'll hold onto the trade for now. Technically it still looks heavy to me and if necessary I'll adjust the stop-out level.
In addition - looking for a potential setups in USDCAD.
Cheers.
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Done for the Month

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Very stable and successful month is about to end. Only 1 losing trade out of 12 trades. In general, everything worked out almost perfectly. Looking ahead, I'll be tracking EURUSD throughout April and most likely, I'm only interested in long positions. However, if the outlook changes, then I'll adapt and do the necessary adjustments.
In an ideal world, EURUSD should retrace the entire "Trump move" by the end of Aprill/first half of May. Time will tell if that proves to be the case.
Cheers!
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Dimko1 avatar
Dimko1 27 Mar.

our congratulations! keep it up!

FXRabbit avatar
FXRabbit 30 Mar.

Very well done! Hope to see you win the first position in the next month's trader contest.

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Aussie and Euro

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I'm currently holding a short in AUDUSD but I haven't decided yet what to do with it. The problem is that the Australian CPI figures are released later in the Asian session and I'm not overly keen to keep the position through the event because it's quite risky. So, it's possible that I'll close the position before the mentioned release.
EURUSD is the second pair that I'm watching but I don't have a setup there - at least not yet. From current levels (1.1300, 1.1250) I'm only looking to estab…
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Mid-Week Update

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As of this moment I'm officially flat in EURUSD. I closed the position simply because of the ECB press conference but I'm looking for opportunities to get back into the trade. In my opinion there's still room to go lower before any meaningful support and I intend to be part of that decline if all the pieces of the puzzle should come together. I'm not sure if I'm going to enter today or even this week but I'm definitely watching Euro very closely.
USDJPY long position, which is currently acti…
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Tricky Week Ahead

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This week is going to be difficult for those who insist on trading the Euro (like me). As you all know, the economic calendar is filled with data releases from the Euro area and on top of that we also have the ECB presser later in the week on Thursday.
I'm still holding my long(s) in EURUSD but I'm looking to close everything there before the ECB. The problem is that the drop from 1.1460's was a bit too deep for my taste and now I have two solid setups - one for the long side and the other o…
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EURO in focus

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This week started well for me as my GBPUSD long position from Friday played out very nicely and reached (more or less) its profit target. At the moment I'm holding a long position in EURUSD with a target close to 1.1470. However, Euro is trading in a very dangerous zone, namely we are at the top of the range on the Daily chart which means that anything can happen here. I'm very cautios and keeping a close eye on the trade but on the other hand, if we should see a break out (which is quite un…
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Wrapping Up the Week

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It's Thursday but I've decided to call it a week here and do something else with my time. The problem is that in my opinion, major pairs (EURUSD, GBPUSD, NZDUSD, AUDUSD, USDCAD & USDJPY) look a bit mixed at this point and I'd like to see some additional price action to get a clear sense of the right direction before doing anything else.
I really like EURUSD to the upside in the bigger picture but price action on lower timeframes looks a bit fishy (hence I was short there for a limited period…
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Preparing for the Week

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It's clear that the previous week was a total disaster for me and now, I'm basically back to square-one as my acc balance is very close to the 100K. Nevertheless, I'm still slightly up for the month and fortuantely, we still have plenty of time before February ends, so anything is possible.
Regarding next week, I'm most likey going to be very careful, especially in the beginning of the week as I'm clearly missing something. At the moment, I'm not planning to open any new trades on Monday but…
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