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Trading concept:Stochastic indicator and price action are the only indicators used. When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short.When it crosses up above 80, it is still a good place to go long, but with caution, as such areas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also. Same applies for when stochastic is below 20, the trend is bearish with …
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USDNOK FALLING!!
Trading concept:Stochastic indicator and price action are the only indicators used. When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short.When it crosses up above 80, it is still a good place to go long, but with caution, as suchareas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also. Same applies for when stochastic is below 20,the rend is bearish with a s…
USDNOK going higher
The trend is clearly up on the usdnok.
I am counting on the dollar power to continue, its effect will be felt very well on this pair. My target is 6.9505.
on the monthly chart we can see the main resistance level, i expect the climb to stop there and drop a bit.
I am counting on the dollar power to continue, its effect will be felt very well on this pair. My target is 6.9505.
on the monthly chart we can see the main resistance level, i expect the climb to stop there and drop a bit.
USDNOK rising...
on the monthly chart, we can see the USDNOK above the 20EMA and 200EMA. A monthly close above these should see the pair going to the next resistance level.
The next high level the pair could possibly reach is the 7.0 handle.
The next high level the pair could possibly reach is the 7.0 handle.
USDNOK Trade
I finished among the top 10 in today's poker game..
Feeling good bout that...Contest trading account's current balance is 33k, i have a sell trade on the USDNOK, same pair that crippled the account..
I am still looking for tops and bottoms...I suspect the pair may have reached such a point..Besides, a lot of traders are starting to go against the United states dollar..
Lets see how this goes...
Happy trading folks!!
Feeling good bout that...Contest trading account's current balance is 33k, i have a sell trade on the USDNOK, same pair that crippled the account..
I am still looking for tops and bottoms...I suspect the pair may have reached such a point..Besides, a lot of traders are starting to go against the United states dollar..
Lets see how this goes...
Happy trading folks!!
15M at the top of the trader contest table!!
I saw a trader with a balance of 15 million at the top of the table and i was like, what....
i am very sure there's some technical glitch somewhere, and it will probably be fixed soon...Seeing 15M, while i struggle to get my equity about 70k is very shocking..
I went long on the usdsek and usdnok, the two trades are showing some profit and looking good. Current equity is around 75k...So from 40k to 75k (and it could still go up)... ..I am very pleased with myself..Learning to appreciate little v…
i am very sure there's some technical glitch somewhere, and it will probably be fixed soon...Seeing 15M, while i struggle to get my equity about 70k is very shocking..
I went long on the usdsek and usdnok, the two trades are showing some profit and looking good. Current equity is around 75k...So from 40k to 75k (and it could still go up)... ..I am very pleased with myself..Learning to appreciate little v…