Open trading account 
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…
P3tr4's Blog
USDSEK to go higher
Indicators used:
Stochastics (default setting)
Bollinger bands (default setting)
I do not believe the dollar rally is over.
From the weekly chart, we can see the pair in a very tight range, my forecast only comes to play if price is able to breach the upper band of the bollinger bands.
we can see the stochastic indicator crossing downwards, signaling a possible correction before and more climb by the pair.
the weekly chart is showing a range, with more pressure to the down side. The Stochastic…
Stochastics (default setting)
Bollinger bands (default setting)
I do not believe the dollar rally is over.
From the weekly chart, we can see the pair in a very tight range, my forecast only comes to play if price is able to breach the upper band of the bollinger bands.
we can see the stochastic indicator crossing downwards, signaling a possible correction before and more climb by the pair.
the weekly chart is showing a range, with more pressure to the down side. The Stochastic…
US dolar to take usdsek up
Indicators used: Stochastics (default setting) Bollinger bands (default setting)
After a very tight range, the pair did a bullish breakout. My forecast is based on a continued dollar rally.
the daily chart shows the stochastic indicator crossed down, meaning there is room for some down side movement before the pair takes off.
weekly charts shows rejection from the top band of the bollinger band, showing a possible resistance is forming there. Price going above this band should open room for 8.2 …
After a very tight range, the pair did a bullish breakout. My forecast is based on a continued dollar rally.
the daily chart shows the stochastic indicator crossed down, meaning there is room for some down side movement before the pair takes off.
weekly charts shows rejection from the top band of the bollinger band, showing a possible resistance is forming there. Price going above this band should open room for 8.2 …
Dollar decline
After a strong rally, i expect the usdsek to drop.
I have marked certain support levels on the daily chart. I expect price to hit those levels before any further climb.
The pair i currently at the resistance level of its monthly range, expect a drop towards support.
I have marked certain support levels on the daily chart. I expect price to hit those levels before any further climb.
The pair i currently at the resistance level of its monthly range, expect a drop towards support.
Bears on the USDSEK
With overall united states dollar strength, the pair is very much above the 20EMA and 200EMA on the daily chart.
we can however see that there is a previous day bullish candle, and the pair has yet to breach it previous high. If the pair is unable to make new highs, then i expect a strong retracement downwards.
Possible retracement levels are between 7.0 - 7.06, my target is the lower value.
we can however see that there is a previous day bullish candle, and the pair has yet to breach it previous high. If the pair is unable to make new highs, then i expect a strong retracement downwards.
Possible retracement levels are between 7.0 - 7.06, my target is the lower value.
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…