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USD longs looking better now

My Usd longs are looking much better today
Stronger economic figures today for US make USD the strongest currency
It seems to be finally sinking in that Usd should be the strongest currency
because US is the first/only country to raise rates tomorrow
I wil be looking to close my positions though, with a healthy profit
before the release tomorrow - you never know if it is already priced in
gl all
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Some trouble trading USD longs

I had some trouble with Usd longs yesterday
UsdJpy was stuck around 108.50 all day, after I was long there
UsdChf went down while I was long
and UsdCad did not move much too
I also had longs EurJpy, and GbpJpy, and these did do alright luckily
I lost 10k yesterday and could not strengthen my position in the contest
I am a bit at a loss now for positioning
I will have to wait for a new plan, because I know what happens if I try to force the issue
If I trade to make money without a clear plan, I w…
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Long UsdJpy paying off well

My UsdJpy long is doing well already
As I wrote about yesterday - Usd looks fundamentally very strong
I decided to go long at market open - and went long UsdJpy, UsdChf and Usd Cad
I decided to close UsdCad after it failed to brake 1.30 just now - a profit of about 25 pips
UsdJpy was the best trade and landed me 120 pips and 50K profit
My UsdChf is down about 35 pips and I have added a tight SL just below 0.97 now
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USD/JPY back up again after slight retracement

It is hard to find a good position to buy the Yen
Last night I sold Gbp/Jpy and was up 37K at one point,
but as soon as the Asian session was over everyone got to bying the Usd and selling the Yen
I am down about 40K now after being stopped out on Gbp/Jpy, and Eur/Jpy shorts
To make use of my equity and leverage I am starting to sell the minors against the Yen now
like Aud/Jpy, Hkd/Jpy, and Nzd/Jpy
I still believe this run should be over soon and we will see some retracement down
Gl all
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Continuation of USD strength this month?

Is November going to be another Usd month?
US has the strongest fundamental basis at the moment, with Economic data picking up
We should see more bullish tone in for example Usd/Jpy this month,
although I do believe there is going to be retracement first
Still, there is no reason to believe that anything will change this month;
technically - Usd/Jpy is highest since 2008, and is up at 61.8% fibonacci retracement of highest level ever
Other Usd pairs, like Eur/Usd, and Gbp/Usd are suffering from …
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VictoriaVika avatar

Adam, good luck in coming month :)

AdamFx42 avatar

Thank you Victoria :-)

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After a week of trading I have nothing to show

Last week was an exciting start to the contest for me
I gained around 50K selling the Yen against several currencies and tried for more at the end of the week,
data release of the NFP was bad for the Usd though - and the low figure cost me 50K,
so I was back down to zero profit at the close of the week
Still, I can start again, and I will be looking hard at all pairs this weekend,
trying to pick a winner -- I am inspired now to build up my earnings slowly but steadily
Usually, after a dissapoint…
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Stix avatar
Stix 6 Wrz

Two month's ago I was 33K on the 16th of the month. I finished 13th, so always hope. Best wishes. :) :)

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USD/JPY looks to go only one way

Usd/Jpy longs are the trade of the day today, and there is no way this trade can fail - that is nice for once
Usd strength and economic recovery has turned things around for Usd,
while the bad data and weaker economic outlook from japan has created a weaker Jpy
Now Usd/Jpy has returned to previous highs and will break these for sure
Gl all
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USD:JPY strength supports all JPY crosses

It seems clear now what traders are doing on the forex market
Usd is the only major currency that is being bought at the moment
and Eur, GBP, Jpy, Aud, and Nzd are being sold against the dollar
My Nzd_Jpy long did well last week only because Usd_Jpy gained
almost 130 pips
Of this currencies strength continues next week
We will see Usd-Jpy break previous weekly highs
And be on the way to 110
I will be looking to buy as much jpy crosses as I can
the last full week of the competition and hope the f…
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ANABEVZ avatar
ANABEVZ 23 Sie

i like this overview!)

AdamFx42 avatar
AdamFx42 24 Sie

Thanks!
It is good if someone appreciates your work  :-)

Elani avatar
Elani 25 Sie

it is good when someone reads your posts, if they read they will appreciate more ))))

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USD/JPY finally taking off

Usd strength has been around for weeks now
and finally there are some big moves up in Usd/Jpy - these were bound to happen,
but did not materialize until Eur and Gbp where down in the dog-house,
and only Usd remains a strong currnecy at the moment
my Nzd/Jpy long is not even break-even at the moment,
and we will need a lot more uptime in Usd/Jpy for it to happen,
other currencies - maybe exept Aud/Jpy are suffering too,
but even Gbp/Jpy and Eur/Jpy are moving up, while Nzd lags
This whole contes…
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All eyes on the USD

On the first day of the new trader contest there is important data coming up for the US
Usd traders are in anticipation of the data releases today
to see if it will take away the last uncertainties surrounding the direction of the Usd
Economic data is strong from the US and recovery seems in order
and if todays data releases prove to be strong, the bullish direction of the currency will be confirmed
The best trade at the moment seems to be long Usd/Jpy:
the bank of Japan is talking of more easin…
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Stix avatar
Stix 1 Sie

Best of luck this month, AdamFx42.

AdamFx42 avatar

you too Stix, gl and thanks

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