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MindaugasM's Blog
9th of December
Hello,
As you know I had a short USDCHF position for a couple of days. I took it after bearish candle on Monday but something was wrong. I expected continuation on Tuesday, it did not come, on Wednesday morning we have some movement down but it was not very decisive. So I thought it must be something else. I close the position and put a stop order to buy any move upside. That was exactly what's happened after Draghi's comments. My stop order was triggered @ 1.0067 and the TP level @ 1.0136 was h…
As you know I had a short USDCHF position for a couple of days. I took it after bearish candle on Monday but something was wrong. I expected continuation on Tuesday, it did not come, on Wednesday morning we have some movement down but it was not very decisive. So I thought it must be something else. I close the position and put a stop order to buy any move upside. That was exactly what's happened after Draghi's comments. My stop order was triggered @ 1.0067 and the TP level @ 1.0136 was h…
8th of December
Hello,
It's happened what I expected (but did not want ), EURGBP continued it's way up, at the same time USDCHF remained pretty much flat. I was stopped out with ~37k left in my equity. I still believed USDCHF could be some value at that point and shorted it again @ 1.0099. It generates some profit at the moment, +33 pips to be exact. I am disappointed somewhat cause I expected much stronger continuation to Monday's bearish candle. Well, that's all I got and need to move with this forward.
Good…
It's happened what I expected (but did not want ), EURGBP continued it's way up, at the same time USDCHF remained pretty much flat. I was stopped out with ~37k left in my equity. I still believed USDCHF could be some value at that point and shorted it again @ 1.0099. It generates some profit at the moment, +33 pips to be exact. I am disappointed somewhat cause I expected much stronger continuation to Monday's bearish candle. Well, that's all I got and need to move with this forward.
Good…
7th of December
Hello,
Short of USDCFH was my only trade of yesterday. I made it @ 1.0098 and it trades at breakeven now. The reason I made this trade was a big bearish candle on Monday which tried to test recent highs, failed and then retreated. Yesterday I waited until the pair moved back somewhat into resistance area which, I believe, is somewhere around 1.1 and shorted. Unfortunately, I still have an open EURGBP which moves against me and, despite how USDCHF will perform I can be margin call-out by any shar…
Short of USDCFH was my only trade of yesterday. I made it @ 1.0098 and it trades at breakeven now. The reason I made this trade was a big bearish candle on Monday which tried to test recent highs, failed and then retreated. Yesterday I waited until the pair moved back somewhat into resistance area which, I believe, is somewhere around 1.1 and shorted. Unfortunately, I still have an open EURGBP which moves against me and, despite how USDCHF will perform I can be margin call-out by any shar…
6th of December
Hello,
Yesterday was a cruel day to me. By betting for EUR to continue to depreciate against GBP and USD I was completely blown out. EURUSD was stopped out. Still have EURGBP open with massive loss on it. My equity is currently sits at 70k. Not much joy here. Now I need to lick my wounds and look if I can change anything for the better.
Hope you are doing better than me
Mindaugas
Yesterday was a cruel day to me. By betting for EUR to continue to depreciate against GBP and USD I was completely blown out. EURUSD was stopped out. Still have EURGBP open with massive loss on it. My equity is currently sits at 70k. Not much joy here. Now I need to lick my wounds and look if I can change anything for the better.
Hope you are doing better than me
Mindaugas
5th of December
Hello,
EURGBP looks like an opportunity to me now. It reached 0.83 level which I highlighted in my graphs weeks ago. I'm not saying it will definitely turn around here, cause recent performance of EUR is really weak. Though, I expect bulls will give some tough time for sellers at this point and create some nice long trade opportunities.
EURGBP looks like an opportunity to me now. It reached 0.83 level which I highlighted in my graphs weeks ago. I'm not saying it will definitely turn around here, cause recent performance of EUR is really weak. Though, I expect bulls will give some tough time for sellers at this point and create some nice long trade opportunities.
4th of December
This is the graph I wrote yesterday about. The price level at 0.98 looks quite attractive to me. It shows long-term resistance and could turn the tables around into favour of bulls. We will see if this can come true.
Have a good trading week.
Mindaugas
3rd of December
Hello,
In the last few days I am closely watching AUDCAD. In my opinion the bears are running out of steam and good opportunity to go long is just around the corner. Currently, it trades around 0.99 and I believe 0.98 is really great value. It is not that it can't go below but if you are able to keep the position for 3-5 days it can pay you nicely. Unfortunately, I cannot show this on the graph at the moment as server is down. Nevertheless, I will keep my eye on this pair and maybe will get some…
In the last few days I am closely watching AUDCAD. In my opinion the bears are running out of steam and good opportunity to go long is just around the corner. Currently, it trades around 0.99 and I believe 0.98 is really great value. It is not that it can't go below but if you are able to keep the position for 3-5 days it can pay you nicely. Unfortunately, I cannot show this on the graph at the moment as server is down. Nevertheless, I will keep my eye on this pair and maybe will get some…
2nd of December
Hello,
Today I could not spend much of the time watching the markets. I took long GBPUSD and EURUSD (and EURJPY which is too small to bother about) during European session. After some time the pairs spent indecisively trading around entry levels I needed to leave. I put really close take profit targets with a hope they will close before the NFP. Now I can see they both were closed exactly at the moment NFP was announced. Both trades generated me around 23k of profit which moves my total to 142k.…
Today I could not spend much of the time watching the markets. I took long GBPUSD and EURUSD (and EURJPY which is too small to bother about) during European session. After some time the pairs spent indecisively trading around entry levels I needed to leave. I put really close take profit targets with a hope they will close before the NFP. Now I can see they both were closed exactly at the moment NFP was announced. Both trades generated me around 23k of profit which moves my total to 142k.…
1st of December
Hello,
On the first day of the month I 'nearly' did 2 great trades. During European session I had a buy order for GBPUSD @1.2542 which I missed by a little more than a pip. Later, I had a short order on USDCSD @ 1.3395, which came short by 0.5 pip. At least, I was able to make sum profit on binary options contest with these pairs. So, not a complete waste of opportunities. Apart from these trades, I had some shots on EURAUD, USDJPY and EURJPY. Nothing too impressive, still a positive result of 1…
On the first day of the month I 'nearly' did 2 great trades. During European session I had a buy order for GBPUSD @1.2542 which I missed by a little more than a pip. Later, I had a short order on USDCSD @ 1.3395, which came short by 0.5 pip. At least, I was able to make sum profit on binary options contest with these pairs. So, not a complete waste of opportunities. Apart from these trades, I had some shots on EURAUD, USDJPY and EURJPY. Nothing too impressive, still a positive result of 1…