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Almost wiped my profit out

arjaq Posted 10 Nov in #Trader's blog #Trader Contest

Well, Trump was right, that was Brexit times ten at least. Any stop loss had not much sense yesterday night. I feel I might be not in game on demo contest for this month, as my positions were wiped out almost erasing previous profits. Although my predictions were right - USD soared after the election, no matter who won.
I think ZAR and AUD are now best currencies to invest in as safe haven currencies are going less popular, yet price of gold goes up constantly.
We can say it was an extreme trip …

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My trading plan clarified for this month contest

arjaq Posted 2 Nov in #Trader's blog #Trading Plan

So it is pretty simple. Careful trades before 8 Nov. Then afterwards risk-on returns to my trading. I think that mere overreaction to the election uncertainity will make great occassions for trades. Also US hike will likely be the topic near the end of november.
My pairs to watch:
USDMXN
As it is Trump- Clinton related lately and market tends to go erratic with overreactions it is a great occassion to go sell after the elections - whoever wins. Also, if Trump gets ahead a BUY is an option before…

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Day off the trade

arjaq Posted 7 Lug in #Trader's blog #Strategy #Day Off

On wednesday I decided to take a day-off the trade due to nonsense volatility on many pairs. All my profitable positions gave profit only because they were closed by hand. My stops were too often hit on volatility spikes& I think it is a good tactics to just leave it alone sometimes. Trying for a comeback today as today I also have time to look after my positions - Wednesday was a busy day anyway for me.
I wonder - did anyone make profit yesterday just by leaving position with SL and TP fixed? …

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ZAR fundamentals

arjaq Updated 5 Lug in #Trader's blog #Fundamentals

Not much important data for ZAR coming this week mean it will mainly be driven by mining commodities prices - especially gold and silver- and the outstanding prime rate of 10.5%. Both of those (gold and silver, though rates are suprisingly also in bullish trend) are in strongly bullish trend giving a strong support for ZAR appreciation. Some weakness in EURO also helps ZAR a little.
Prime rate at 10.50% allows sustainable carrying of the position and should also attract investors. CPI and PPI ar…

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Interesting correlations after Brexit vote

arjaq Posted 4 Lug in #Trader's blog #Trade Ideas

Everyone already knows about GBP becoming a risky currency right now. What became not that obvious is how EURUSD follows USDJPY moves:
Without any extra sketching we can see EUR depreciation against USD comes with JPY strenghtening. If we look further to the past the correlation started from right about Brexit. Beforehand, it was totaly different - USD appreciation against JPY meant same against EUR. How about trading long USDJPY and short EURUSD same time? Losing on one gives at least partial …

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arjaq's Blog

Almost wiped my profit out

My trading plan clarified for this month contest

Day off the trade

ZAR fundamentals

Interesting correlations after Brexit vote