kostas19's Blog

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My outlook on the forex/ commodity markets for the next 1-3 years

Hi Traders,
I am share my thoughts on the forex/ commodity prices for the next few years.
Firstly I will start with the dollar. A lot of people are long the US dollar and for a good reason. The federal reserve has stated that they are adopting a raising rate policy, while Europe and Asia are keeping the rates low or negative. Personally I am looking rates to go above 3% in the US so i can start shorting the dollar.
The best currencies in my opinion to buy dollars against for 2017 are the Sterlin…
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A day of huge volitility

Hi traders,
To sum up the latest trading session, everything went as expected. The pound made new lows always across the board. The Yen generally strenghtened. The next trading set up im waiting for is a 2 3 day retrace/ concolitade in these pairs after which new shorts await us.
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EURope session activity

As expected markets didn't move big today. The only thing as a trader that you shouldn't be doing in these conditions is get in and out of the market frequently. Just pick a reletevely good entry relative to the last few days and hold. Hopefully things will pick up in my favour during the asian session.
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Macro events shake the FX markets.

Hi traders,
My sentiment on the market at the moment is confirmed by the English vote to leave the Euro area. In my opinion its still 50 50 if England are actually going to leave, but the uncertainty will drive the pound a lot lower, consequently it will drag the euro with it. I also like the JPY beause it acts like a safe haven among currencies when things get back in EU or USA. Here are some charts that broke down on the macro scale.
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USD/ CHF

USD/ CHF look really good for going long. My first target is 1.15.
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Finally won a prize :)

Congratulations to all December winners.
I only needed 2 years of participation in the trader contest to get in the money. I hope its not the last prize won. Hope you all have a good weekend. Not a great start of this months contest, but hopefully I can catch up in the coming weeks. Still shorting the EURO GBP CAD AUD.
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Oil big slump today

Load up on oil sensitive currencies today, because tomorrow there will be some kind of a bounce of oil. I presume the bounse is going to be for at least two percent. I personally like buying CAD/ JPY, sell EUR/ CAD, sell USD/ CAD(very short term for this pair).
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USD/ JPY

The pair is coming to desirable levels for going long again. The stop might have to be a bit wider for this trade, because of the possible spikes down to 116, but I see this as the more unlikely scenario because the US dollar is being very strong at the moment.

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USD/ JPY

The pair is coming to desirable levels for going long again. The stop might have to be a bit wider for this trade, because of the possible spikes down to 116, but I see this as the more unlikely scenario because the US dollar is being very strong at the moment.
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Every bounce in the Euro is a gift to short

My view on the Euro is extremely negative for the near term. I urge every trader that does not have a short position in any Euro positions to get in one now. I see 5 - 10 % devaluation for Euro Usd for the next 2-3 months, even heavier drop against the JPG/ AUD/ CAD.
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