Ek0's Blog

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My ideas for this week

Hello Traders,
This week, I believe we have some technical set-ups ahead that seem good. I am long EUR/USD. If you look at this chart it has hit a strong support on the daily charts and I believe it will be range bound more than anything. I dont believe the dollar is ready to take off yet. I also believe that Yen will gain if the dollar loses. As money flows out of USD and into Eur and JPY, we want to look for an opportunity to get short on USD and GBP.
Looking for opportunities long:
EUR/USD
EU…
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Trades for this week

I believe that USD recovery is in play this week. The trades that actually went against me in the contest held to be true. They are moving in my direction now and my live account has regained almost all its losses. I believe that Japanese Yen weakness is in play. Also I believe dollar strength occurs this week. At least for the start of the week. Gold is experiencing a top vs dollar. I am long USD/CAD, Long USD/JPY, Long, GBP/JPY.
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FOMC Minutes, USD

Hi Traders,
I believe the FOMC minutes will barely cause any movement in the market. I assume the minutes will not have any surprises. Given that, I believe the rest of the week should be led by technicals. I dont believe any market moving stuff will happen today. I still like AUD/JPY long, carry trade. I am favoring Eur/GBP Short for a technical correction. I still like being long USD/JPY as well. I believe you should keep the leverage relatively low until friday. Except AUD/JPY, Im loading up.
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This week's trades

Hi Traders,
This week I will be looking for capital flows to return to USD. I believe that risk aversion was a momentary lapse that was caused by China. Every time China seems to have an issue the stock market sells off and the Yen gains. It was time for a correction in yen anyways.
For this week I will be trading AROUND news events and looking to sell yen. I am buying USD/JPY, GBP/JPY, and AUD/JPY. Aussie dollar has the interest rate differential adding to the long potential. (Carry trade). GBP…
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Sunday market review

Looking over trades right now for the week ahead and it seems like consolidation is ahead. Most pairs are trading around SMA levels and RSI levels are at averaging out in a slow market. I am personally a contrarian trader and I like to buy oversold or sell overbought pairs to minimize risk. As of right now the only trade I am looking to put on is going to be USD/JPY at the moment. Id rather wait till Mondays open to re evaluate pairs and find if things are going to break out, or be range bo…
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Trades of the day / week

Im out of yen trades for now. I am now looking towards trading USD for the next session or two. Looking at the EUR/USD USD/SEK, I believe dollar has some gains ahead. I will be looking to buy dollars across the board, specifically in pairs where the dollar is oversold and has good technical levels for a buy. I will also be watching Yen closely. Yen currently seems to carry the most volatility and therefore your success on whether or not you grab some of that depends on your success trading …
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I just realized

I just realized Ive been in the top 20 multiple months in a row. If I didnt leverage up my account trying to go for first, Id almost have enough pay outs in $100, to be close to $500. -.- Maybe this year... Ill do things a bit differently. It would be nice to be able to be listed as trader of the year. If I can show a profit every month, maybe my ROE could be significant. If I dont blow it. Yen, just dont do me wrong now. Im selling yen here against Pound, Dollar, and Euro.
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Poker anyone?

Unfortunately I missed my chance to play the weekly today. Anyone want to play me in poker? Please check out dukascopy poker, Ill be sitting at the cash tables.
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shanziester avatar

what time?

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Yen strength, the move before weakness overtakes?

I think Yen has more to gain for the next bit. I thought it would take a while and it will. However dont get too greedy with your profits and be patient for the Yen to strengthen. Manage your winners carefully. Fade rallys into EUR/JPY and GBP/JPY. I need to find more trades for more exposure for pip gains. Im not really sure... need to do some scanning around the pairs. Anyone got any ideas? Maybe in the exotics?
I really need to start using conditional orders if I ever want to actual…
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geula4x 31 Dec.

+1 Liked: After a long rally, there's usually some correction. Let's see how 2014 starts... Happy trading :-)

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Get out of yen for now.

I would like to get out of yen trades until tomorrow morning. No reason to take on the risk at the moment. Wait for a rally or for break out and trade. My advice, get in and out of these trades quick at these levels in JPY. I think I will continue Yen strength sentiment probably into the middle of next week. Im extremely frustrated my order didnt go off 5 million, 102.08 short USD/JPY today. Its still sitting in my queue. Could have been an easy 20k. -.- E-mails sent... guess I just wait…
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geula4x 31 Dec.

+1 Liked: happy trading 2014 :-))

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