Daytrader21's Blog

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First Trade

Hi,
First trading opportunity for this month is in GBP/USD but my timing was wrong and now I'm in drawdown but I'm still confident it can recover. I also wanted to go short AUD/USD but I had almost all my margin parked in my cable trade. This months I'm expecting lots of volatility thus lots of trading opportunities. For the time being I'm taking it slowly one trade at a time and see how far I can go in the Trader Contest.
Best Regards,
Daytrader21
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March Trading

Hi,
A new month has started and I've decided to try my luck and take part in the Dukascopy Trader Contest. My main aim is to get in the top 10 rank. In the FX market we have a strong seasonal pattern in March that can be the climax point for many currency to turn around. We have plenty of risk events that can be the catalyst and trigger some volatility in the market. I'm specially concern about 15 March date because we have high risk events starting from the Fed interest rate decision and the US…
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Top Trading Opportunities for 2017

This article is about what currencies and other asset classes I think is going to be the most at risk and can offer us the best opportunities in term of risk to reward ratio in the year ahead. 2016 has caused a lot of trauma in terms of volatility and it also builds up extreme trends that I would consider extreme because they don’t really fit between fundamental, technical and market conditions and that creates a lot of anxiety and it certainly curbs the potential for follow through. This kind o…
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Expect more more shocks in 2017

Hi,
If 2016 was indeed an unforgettable year in terms of market shocks, we should see some volatility in 2017 as well even though it won't be of the same magnitude as we saw in 2016. I'm looking forward to write an article and share my best three trading opportunities for 2017. I believe that the dollar will see some retracements but it's important to choose wisely against which currency to short the dollar. Don't get me wrong long-term I'm a dollar bull more than you think, but cycle wise we sh…
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Not Looking Good

Hi,
My short EUR/USD trade doesn't look that good at this point but hopefully, soon we will see a resumption of the trend. I'm still confident in this trade as the main trend is still bearish so I have the trend on my side which is always a good thing. We need a break of the big psychological number 1.0500 for the bears to have full control of this market.
all the best,
Daytrader21
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sonjatrader avatar

gracias

Daytrader21 avatar

hi sonjatrader nice to see you again I hope the markets treats you well. Wish you all the best in 2017

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Not Good

Hi,
My short EUR/USD trade doesn't look that good at this point but hopefully, soon we will see a resumption of the trend. I'm still confident in this trade as the main trend is still bearish so I have the trend on my side which is always a good thing. We need a break of the big psychological number 1.0500 for the bears to have full control of this market.
all the best,
Daytrader21
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First Trade

Hi,
I've finally got into a trade but since I wasn't really paying any attention to the market I have forced my entry and got into a short EUR/USD position. I'll have to admit but this trade is more of a gamble since I wasn't making any sort of real Forex analysis. So far I didn't saw any real opportunity so this is not a trade that I would have normally taken but since we're already in the middle of the month I just had to take a trade.
Right now I'm not able to watch the market as I'm travelin…
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AUD/USD More Downside

Hi,
As long as we're trading below last week high 0.7356 and more importantly above 0.7460 there is a big potential for more AUD/USD downside. The trend is clearly down and the rally we saw in the first week of the new year lacks momentum. The momentum can accelerate to the downside once we manage to get a break and a close below 0.7280. The RBA still has more room for more rate cuts to stimulate the economy, however if the Fed continues on his path to hike rates in 2017 this might help push AUD…
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sonjatrader avatar

Thanks for sharing. Happy and profitable 2017!!

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EUR/USD On Its Way To Hit Parity

Hi,
The EUR/USD is on its way to hit parity The bigger picture trend is still bearish and the trend started in the summer of 2014 has more to offer us in the long-term. Right now the first major hurdle for EUR/USD is the big psychological number 1.0500. A daily break and close below this figure will be the first warning sign that the bearish trend is ready to resume to the downside.
Time-wise we should be hitting this figure by the end of February as based on my cycle analysis from March onward …
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Still No Trades

Hi,
So far I didn't executed any trades but not because there weren't any trading opportunities but because I was away from my office and didn't watched the markets. I see GBP/USD as a good buy for a short-term play and it may be the case we'll see a big divergence between the EUR/USD price and GBP/USD as even though they are both US Dollar crosses one would expect they will move more or less in the same direction but as we saw last year big moves comes when we have big divergences in price betw…
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