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EURAUD trade

Hello traders,
today I would like to present you my view on EURAUD. On D1 chart you can see that we are in down trend (lower lows, lower highs) from beginning of this year with high at 1.5833 from January. Recently price broke important support level at 1.4500 and now is trying to move lower to next important support at 1.4200.
Opportunity for trade. As you can see we broke 1.4500 and price made pullback to retest this level. What is important yesterday candle was huge and obvious bearish engulf…
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Pairs to watch

Hello traders in May contest !
Today I would like to point out two pairs which are now on my to watch list. First one is AUD vs USD. Today for sixth day in raw price tried to break resistance at 0.9300 but it appears to be to strong level to be broken. Therefore I wait for price action signal to go short. Just look for pin bar formed on M1 chart during April.
Second pair is NZD va USD which is also around important resistance level at 0.8625. But in this case we are in overall up trend so there …
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M1 EURUSD

Hello traders,
First of all I would like to congratulate the winners. I did not stick to my strategy for 100% thats why in last few days my equity plunged.
Greed, call a spade a spade.
Let's look for some opportunities. Today I would like to show you EUR vs USD. From the begining of the month we are still in narrow range between 1,3900 and 1,3800. But take a look at M1 chart. March candle is beautiful pin bar what indicates that there is opportunity to go lower and it is still valid candle but w…
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USDCAD W1 chart

Hello traders,
today I would like to once again analyse USD vs CAD. I wrote about this pair in the past because of pin bar formed at W1 chart. It was really good setup, but against the overall trend and this is cause why price is once more testing strong support at 1.0950. When you change time frame to D1 you will also see that both on W1 and on D1 this area works as solid support. If price break this level there is opportunity to move lower.
As contest is coming to the end I would like to wish …
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AUDUSD analysis

Hello traders,
today I want to share with you my AUD vs USD analysis. On this pair we are in overall down trend. At the begining of the year price reached low around 0.8700 and bounced back to 0.9400 in April. Now we are testing support at 0.9300 but from three days in raw price closed below this level.
Today we can see bearish engulfing bar on daily TF. Candle is at swing high and engulfed previous candle. As you can see on the chart, price has now a lot of room to go down and to continue long …
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Will NZDCHF plunge ?

Hello traders,
yesterday I wrot about bearish engulfing bar formed on NZDUSD. If you take a look on other NZD pairs you will see that on NZDCHF and on NZDJPY we can also see BEEB. I would like to analyse for you NZDCHF, because for me it is better setup.
BEEB engulfed whole previous candle, BEEB is at important resistance level (0.7600). If we analyse price action from previous year we can see that traders has tried seven times break strong resistance at 0.7650. It means that price now has lot s…
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NZDUSD BEEB

Hello traders,
today I would like to analyse for you NZD vs USD. As you can see on the chart, Thursday candle was almost textbook bearish engulfing bar. Engulfing bar is at swing high (resistance at 0.8625), engulfed whole previous bar and if you compare Thursday engulfing bar with previous candles you will see that it is big and important candle ( 90 pips ).
First target could be around 0.8500, stop loss above Thursday high (around 0.8645).
Last three days of monthly contest in front of us so i…
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USDSEK

Hello traders,
today I would like to analyse my last trade on USD vs SEK which I took yesterday. Nice one to compare with my yesterday post about lesson which I took from USD vs SGD.
If you take a look at chart you can see that Thursday's daily candle was a pin bar, with swing low, support at 6.5700, wick three times bigger than body. Pin bar did not close in previous candle but convinced me size of this pin bar.
To conclude, this was high probability trade and it worked out. Nice end of trading…
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Lesson for today

Hello traders,
today was not a good day for me. The biggest disappointment for me was USD vs. SGD. If you look at the chart there appeared clear setup. Resistance at 1.2570, down trend from January (lower highs, lower lows), pin bar formed at swing high, but wick was not 3 times bigger than body, close of pin bar not in previous candle and candle (pin bar) was not big enough if we compare it with for example previous candle. Also previous candle was really strong bullish bar, which told us that…
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How to analyse your trading journal?

Hello traders,
today I would like to continue my post about trading journal. Yesterday I wrote that after some time you will have a lot of data to analyse. You may wonder how to do this? I will tell how I do this.
First of all, as I said yesterday I use Excel so it allowes me to easily analyse and interpret data. I take a look at:
- how many win / loss I had on long / short positions,
- what is my win / loss ration in case of time frame,
- do I have more win / loss with trend / counter trend / c…
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